With $32 billion war chest, startups winning tech talent war
Startups appear to be gaining the upper hand over firms in other sectors in the country’s strongest war for tech talent in years. Startups are increasingly attracting and absorbing top-tier talent, from campuses to C-suite levels, with over 980 of them funded and 35 becoming unicorns by 2021. They also have a war chest of $32 billion and counting. The shift in the power equation can be attributed to a number of factors, according to experts.In the last three quarters, startups have accounted for over 45 percent of senior tech hires, giving them a distinct advantage in terms of salary over employers of IT products, global innovation centres (GICs), and IT services. The data demonstrates. In recent years, the country has witnessed a vigorous competition for tech expertise, with startups gaining an advantage over businesses in other industries.
Startups are increasingly attracting and absorbing top-tier talent, from campuses to the C-suite level, with over 980 of them funded and 35 unicorns in 2021, in addition to a $32 billion war chest and counting. According to him, there are numerous explanations for the shift in the power balance.
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