More and more young professionals, even those with a fair
bit of experience, are willing to pass up the job security of a large,
established company in favour of the thrill of innovation, sense of
ownership, meaty roles and flat structures young startups have on offer.
This
explains why Bangalore-based startup Wooqer, with a turnover of only Rs
20 crore, already has a bunch of senior corporate executives, some with
Ivy League backgrounds, on its payrolls. Its business head (financial
services) Harmendra Gandhi (45) was earlier a V-P at Nomura Securities.
Sarika Pandey (38), director (customer advocacy), was an assistant V-P
with Kotak Wealth Management. Business head (retail) Nishant Malhotra
(35), a graduate from University of Pennsylvania-The Wharton School, has
been an investment banker. And Karthik Kumar (35), the sales head, who
is from Duke University-The Fuqua School of Business, was earlier the
head of India client solutions at Corporate Executive Board.
"Each
one of them was at a stage in their careers where they wanted to do
something more exciting, aligned with their goals of making a difference
in the way we live and work," says Vishal Purohit, the 40-year-old CEO
of Wooqer.
Startups say experienced
professionals aged 30-40 are prime poaching targets since they are
willing to take risks and have not become too used to the perks of an
established employer.
EXCITEMENT AROUND STARTUPS
Thirty-one-year-old
Prashant Parmar took a 25% pay cut and became the first employee of
online training and professional certification courses provider
Simplilearn. The IIM-Kozhikode graduate had worked with HP before his
MBA, and L&T after passing out. Parmar wanted to be a part of the
decision-making process and knew that as a marketing manager he could
not take any such calls.
"I got ESOPs and knew
that they will get me more income than salary from the larger firms.
Also, the IIM tag helped because I knew that if I failed after one year,
getting a job would not be that difficult," says Parmar.
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