Startups are actively seeking to onboard fresh talent, with an analysis by Foundit revealing that half of their job postings are tailored towards entry-level candidates.
The hiring landscape for startups has seen a notable uptick, with a 9% rise in recruitment activities indicating a surge in job opportunities. Foundit’s assessment also points to a significant 37% increase in the number of startups compared to the previous year. Overall, the hiring index has witnessed a positive shift from 276 in March 2024 to 300 in April 2024. However, certain job sectors such as IT, consulting, and marketing have experienced a decline in demand.
While there has been a commendable 14% increase in the total number of jobs offered by startups, there is a notable trend where senior-level positions are seeing less demand, with 60% of such roles witnessing reduced interest. Fresh talent, on the other hand, accounts for more than 53% of all job placements, indicating a preference among startups for candidates with up to three years of experience.
According to Shekhar Garisa, CEO of Quess, startups are increasingly inclined towards hiring recent graduates, with over half of their job openings targeting individuals at the entry level.
Across different industries, startups in the IT services sector have experienced growth, with a rise from 20% to 23% between April 2023 and April 2024. Conversely, startups in industries such as Internet, BFSI/FinTech, and Media & Entertainment have observed a slight dip in hiring during the same period. However, startups in the education/e-learning/edtech sectors have exhibited steady growth in April.
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