The Great Corporate Resignation it’s here. The more established organizations could losing their best talent to start-ups and fast growing in the post-pandemic context. And it is estimated that 40% of professionals seek to change jobs this year.
According to the new digital report of the Robert Walters Group Act like a Start-up and Get the Best Talentthe number of professionals working in start-ups has grown globally by 20% in the last 12 months, and this figure is expected to grow as technology, marketing, HR, legal and finance professionals continue their high demand in high-growth companies.
After any period of economic change, it is common to observe a growth in the entrepreneurship curve or the creation of startups, so I am not surprised to hear that this type of company is a complete success.
However, it is interesting how these little organizations with as few as 10 employees they are managing to attract some of the best talent, those who were previously part of much more established companies and offer a higher level of security.
As a result of the pandemic, we have observed a radical change in what professionals demand from companies: their purpose, culture and team weigh more than a competitive salary and a well-differentiated corporate hierarchy”, comments Raquel Fernández, senior manager of the dTechnology Vision at Walters People.
The lure of fast progress
According to the aforementioned report, the ability to be innovative (47%), undertake an interesting job (34%), be exposed to open and effective management (30%) and have high levels of autonomy (28%), seem to be the main factors that attract professionals to a start-up.
In fact, the horizontal hierarchy and the speed typical of this type of business are what most attract talent with great professional ambitions: 52% say they would change their career to a start-up for a lower salary if they had the opportunity. to progress much faster than you expect to do in an already established and consolidated company.
Turning point: culture
Close to half of professionals (42%) want to work in a corporate culture that inspires them to give their best, and a further third look for companies whose social values align with theirs, whether in terms of fairness, mental health or the environment.
Raquel Fernandez adds: “The pandemic and the long periods of confinement have led many of us to reassess how we have been living and working, and with that has come a drive for people to be more purposeful and do something that adds more meaning to their lives.”.
By nature, large organizations can take longer to adopt new emerging values. Instead, they choose to stick to the traditional ways that have been a mainstay for over 10 years. Startups, meanwhile, are at the forefront, listening to what’s important to their employees, like homelessness and world hunger, and then acting quickly to help ‘do their part.’
