Recently most of the startupsare buying more time to employ CTOs and product leaders
Internet companies across the country are willing employ senior technology leaders after a break of almost two years. Consequently, the recruitment process has becomeextensive, given that the firms are cautious of the 2015 misfortune, when almost all of the tech executives recruited from the Silicon Valley failed to shine at Indian startups.
Fast-growing companies like, Swiggy, Rivigo are employing senior tech executives, spending huge sums to hirequalified leaders. Most importantly, startups are not recruiting Silicon Valley officers, but appointing executives who have some knowledge about working in Indian e-firms. The companies are aiming to conduct a more arduousevaluation if the individual will fit into that particular working environment.
“Startups are realizing that tech is going to be a key differentiator for them over the next 5-10 years so there is a lot more seriousness and focus on hiring the right tech leader,” said Deepak Singh Ahlawat, CEO, Purple Quarter. “Now startups are taking more time to hire CTOs and product leaders and are ready to give them more stock in the company. By giving more stock you ensure that the person you’re hiring has skin in the game,” said Ahlawat.
In 2015, the growing companies of that time, likeFlipkart, Snapdeal, Zomato and Ola, had invested huge amounts to employ executives from the Silicon Valley. Nevertheless, many such executives like,PunitSoni and PeeyushRanjan at Flipkart did not last long.
“In 2015, there was a mismatch of expectations, vision and culture between tech leaders who were hired and startup CEOs. The new startups have learnt from that mistake. Now, CEOs are an integral part of the hiring process so there is a better informed assessment of whether there is a culture and vision fit between the tech leaders and CEOs they will be working for. This increases the chances that the hires will work out,” addedAhlawat.