Startups are finding it extremely difficult to hire top technology talent in India as senior professionals who are qualified to fill these roles prefer the higher salaries and job stability that multinationals offer. Some have been waiting for over a year to find the right chief technology officer, and the delay in hiring is proving to be a hurdle in their quest for the next level of growth. With nearly 600 startups launched in India every year, finding the right talent is becoming a serious challenge. Most young companies, which are forced to compete with industry leaders such as Google and Facebook, are finding it hard to fill positions in engineering, technology and product development.
Read the Economic Times news report here.