Lack of work-life balance and insecurity about job and career path top the list of reasons to leave a startup job for a larger organization, finds a wisdom jobs study of 1,250 employees
Would you leave your startup job for an established company? 75% junior and senior level professionals: Yes 52% middle-level professionals: Yes 90% employees based in metros willing to quit their startup job for an established company 96% employees in tier I and II cities willing to leave their startup job for an established company.
Reasons for employees initially taking up a startup job 55%: Thrilled with idea of building a new venture 20%: Attracted by flexible work culture 20%: Higher salary %: For stock ownership plan (ESOP)
Concerns before taking up the offer 60%: Worried about risk of venture failing 35%: Concerned about taking up multiple roles 5%: Did not want to put in long hours
Not able to maintain work-life balance, said 4 in 10 employees 40%: Want to leave their startup job since they are not able to maintain a work-life balance 20%: Would get a higher salary in a year.
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