startups employed about 50,000 to 60,000 people in the last year itself and the hiring outlook looks positive across sectors in the near term.
Startups are likely to generate three lakh employment opportunities by 2020, with majority of the job seekers keen to join the early stage ventures.
As per HR experts, the startups employed about 50,000 to 60,000 people in the last year itself and the hiring outlook looks positive across sectors in the near term.
As per estimates of the talent assessment firm MeritTrac, the startup ecosystem in India may hire 2.5 -3 lakh employees by 2020.
"Indian start up ecosystem is one of the fastest growing in the world. We are witnessing an unprecedented enthusiasm in the industry with respect to hiring for these start ups," MeritTrac Innovations and New Products Development General Manager Rajeev Menon said.
"The situation is much different now. Job seekers are willing to bet their careers with start ups. They see greater opportunities to learn, establish and grow faster in these start ups," said Menon.
"In the last two years, we have seen a consistent increase in candidates preferring start-ups over other established firms and this trend is likely to grow," said, HR services firm Randstad India CEO Moorthy K Uppaluri.
This growing hiring trends among startups is attributed to the positive sentiments and the huge cash flow generated by venture capitalists into start-ups.
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