Majority of Job Seekers Prefer Big Corporates than Startups: Report
Some 73 percent of job seekers prefer stable and established companies to work with and develop within, according to a report by job and professional networking platform apna.co.
Majority of Job Seekers Prefer Big Corporates than Startups: Report
The transition of workers from one organization to another is always a common phenomenon. After the 2008 recession, the number of employee transitions in the industry increased fourfold. 60 percent of workers change jobs on average within 4 years.
Why job seekers change jobs within an average of four years can be due to several reasons. For example: financial growth, stability, career growth, culture, etc. But beyond these reasons, what job seekers prefer while deciding to switch.
A recent report says that job seekers prefer job stability over financial leap, in corporations rather than startups.
Given the current economic ecosystem, 73 percent of job seekers surveyed said they prefer large companies over startups, according to a report released PTI Tuesday.
Some 73 percent of job seekers prefer stable and established companies to work with and develop within, according to a report by job and professional networking platform apna.co.
The report is based on a survey of 10,000 job seekers and 1,000 recruiters.
The report goes on to say that only 27 percent of workers would consider moving to startups to advance their careers.
This suggests that professionals are focused on continuing their education and staying relevant to grow in their current company, the report said.
While employers prefer a skills-based approach, job seekers prioritize professional development opportunities and salary over location and commute, work-life balance and company culture when looking for a job, the report said.
According to the report, 73 percent of Indians consider career growth to be the most important factor in their job search, surpassing even the importance of work-life balance and flexible work hours.
According to the report, employers have recognised the needs of job seekers, which is why providing professional development opportunities is a top priority for 72% of companies, followed by 22% of employers who believe flexible work schedules are desired by job seekers.
“The Indian job market is evolving rapidly and the preferences of job seekers are changing, who now tend to prefer stable and established companies to have better career opportunities. With the job market now prioritising skills, it is encouraging to see recruiters taking a skills-first approach to attract top talent,” added Nirmit Parikh, co-founder and CEO of apna.
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