About 31.92 per cent of the over 300 start-ups that participated in the study, foresee an increase in hiring by over 30 per cent, while 28.08 per cent plan to expand their teams in the 11-20 per cent range, says the report by The Federation of Indian Chambers of Commerce and Industry (Ficci) and HR Services provider Randstad India.
Enterprises in sectors such as agriculture/agritech, AI/ML/deep tech, automotive, and e-commerce/delivery services are expected to increase hiring in the 11-20 per cent range, while aerospace and defence, energy, and healthcare start-ups are expected to increase their hiring activities by over 30 per cent.
“Start-ups create a large range of jobs as they grow and mature. The initial opportunities arise as founders onboard the early team to help establish the business,” said Rohit Bansal, Chairman – FICCI Start-up Committee, and co-founder, AceVector Group and Titan Capital.
· Mismatches in salary expectations
· Reluctance among potential candidates to join a startup due to concerns over risk perception