Tuesday, March 05, 2024
Outlook India
Outlook Business

Representation of women in leadership positions at Start-Ups is negligible at 11%

Lack of flexibility, shift from remote working culture and inadequate support system hinder their potential to sustain and progress in the start-up ecosystem

Representation of women in leadership positions at Start-Ups is negligible at 11%
POSTED ON January 17, 2023 12:41 PM

With a decline in hiring due to the drying up of funding following geopolitical scenarios, Indian start-ups also continued to struggle with the retention of talent during the 2022 calendar year, according to a study. 

There has been a 44 per cent decline in hiring in the start-ups during October-December 2022 compared with the January-March quarter, following 'funding winter' in the sector, CIEL HR Services monthly forecast study - latest employment trends in Start-ups revealed on Monday. 

The sector also witnessed a high level of attrition as start-up employees preferred stable jobs, higher pay and a better work-life balance, it noted. 

According to the study, over 64 per cent of the respondents wanted to shift jobs for a 'stable job', it stated. 

Over 47 per cent of the respondents said job security was a major concern, 27 per cent wanted better pay and 26 per cent wanted to work in established firms, it added.

The study is based on the analysis of responses from 60,704 employees working in the top 60 start-ups operating in India. 

It further revealed that gender diversity in start-ups across levels is low, with an overall 24 per cent women representation and a negligible 11 per cent in leadership positions. 

Lack of flexibility, shifting away from remote working and inadequate support for childcare and eldercare needs continued to be major hurdles for women to sustain and progress in the start-up ecosystem, it added. 

“India continues to be the front-runner of the start-up ecosystem despite the current threatening economic uncertainties. This downfall is only for a transient period, it will push the start-ups to be more serious in their overall operations and set new thresholds. In this context, we see startups preferring onsite work, with 94 per cent of job openings looking for 'work from office'," CIEL HR Services Managing Director and CEO Aditya Narayan Mishra said. 

Start-ups are on the lookout for highly productive and skilled talent that can adapt quickly to the changes and stay ahead of the curve, he added.

Talking about cities, the study revealed that Bengaluru continued to remain the hottest destination for start-up talent, with 31 per cent of the job openings in this region. 

Interestingly, Delhi/NCR is a very close second with 22 per cent of the total job opportunities in start-ups, it stated. Out of the total job openings, tier I cities accounted for around 94 per cent of the jobs, while tier II and III locations accounted for only 6 per cent of the total employment opportunities, it added.

  • Related Articles

    The development comes against the backdrop of summons issued to the company by child rights body National Commission for Protection of Child Rights (NCPCR) over allegations that the edtech firm is...

    BYJU's Implements New Sale Process To Check Mis-Selling

    While continual talks of layoffs won’t fit well for the narrative of India’s thriving start-hub ecosystem, increasing fundraising news will suggest that investors are confident about the...

    National Start-Up Day: Key Takeaways And Challenges Indian Entrepreneurs Face

    KlugKlug aims to develop AI-based tools to refine the influencer marketing experience, as well as give brands and marketers data-driven insights

    IIT and IIM Alumni Kalyan Kumar and Vaibhav Gupta Launch SaaS Platform KlugKlug