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[aragorn]

Flush Indian Startups Face Shortage of Skilled Workers A dearth of talented tech workers is driving up wages and hurting companies’ expansion plans

 

BANGALORE, India—Software engineer Anshul Goel graduated from college in 2013. In the 2½ years since then, the 24-year-old has switched jobs three times, jumping from one Indian tech company to another, and doubled his salary.

Mr. Goel, who specializes in writing code that e-commerce startups and others use to predict customer behavior, says he is deluged with emails from headhunters. “My mailbox is full of them,” he said. “And it’s not only me.”

Indian startups, flush with cash from foreign venture capitalists, have been on a hiring spree as they race to scale up and beat rivals in an increasingly competitive market. Venture capitalists have poured some $4.54 billion into India’s startups so far this year, surpassing the $4 billion invested last year, says Indian data tracker Venture Intelligence. But a shortage of skilled workers is driving up wages and turning into a serious hurdle to companies’ expansion plans.

The country is home to millions of information-technology workers, veterans of India’s huge outsourcing industry. But, tech executives say, few of them have the cutting-edge abilities that startups in businesses from e-commerce to ride-booking apps crave.

Bigger companies also are trying to lure talent from the U.S. and elsewhere to serve in top jobs. Jasper Infotech Pvt.’s Snapdeal, an e-commerce company, said in June it had hired Anand Chandrasekaran, a former Yahoo Inc. executive, to be its chief product officer. Another e-commerce company, Flipkart Internet Pvt., in spring lured Punit Soni, who oversaw software engineering at Motorola Mobility, then a division of Alphabet Inc. ’s Google. Last week Flipkart said it also hired Surojit Chatterjee, another Google executive with expertise in mobile applications, to report to Mr. Soni. ENLARGE

 

Startup founders and other industry executives say the salaries they are paying software engineers have climbed sharply over the past few years.

In 2012, an early-career software developer with good skills would typically earn less than $25,000 a year, said Sachin Gupta, co-founder of HackerEarth, an employment website that startups use to recruit coders. Today a similar worker can command more than $45,000, he said.

Salaries for senior technical staff who oversee teams of workers have jumped from roughly $100,000 to $200,000 during that time, said Mr. Gupta, who previously worked at Google Inc. and Microsoft Corp. “There’s a very high demand for specialized talent,” he said.

Annual raises for engineers of varying levels of experience have increased from 10% to 15% just a few years ago to 30% to 40% for top employees today as firms shell out more money to keep good workers from defecting to rivals, say many startup founders and executives.

Entrepreneur Amulmeet Chadha, founder of a company that lets people book chauffeurs through a smartphone app, says he has had to increase his salary budget by 30% over the past four months to hang onto his staff. “These things do give me sleepless nights,” he said.

While the rise in Indian wages is especially notable given the country’s per capita gross domestic product of about $1,500 a year, according to the World Bank, salaries are lower than for comparable jobs in Silicon Valley.

San Francisco-based technology-recruiting firm Riviera Partners said in August that salaries for software engineers at established startups in the Bay Area range from $127,000 to $154,000. Salaries for more senior coders are higher.

There were some 2.4 million software developers in the U.S. last year, more than any other nation and nearly twice as many as India’s 1.3 million, according to research firm IDC. India is also now home to more than 4,000 startups, far fewer than the U.S. but more than the number in China and nearly as many as the U.K., according to Nasscom, an Indian tech-industry group.

Few Indian-born coders working in the U.S. appear to be abandoning jobs there in favor of employment in India, executives say, despite the lower cost of living and links to family.

Those in India who have the skills that startups are seeking, however, are eager to take advantage of rising demand.

Abheyraj Singh, a 25-year-old software developer who joined real-estate search platform Housing.com in June, said some startups offer benefits like free gym memberships and pay for transportation to work via Uber Technologies Inc.’s ride-hailing service.

“My favorite perk is one I have right now in my current office, which is salad for lunch,” he said.

Mr. Goel, the coder who graduated in 2013, is now working at a music-sharing startup, where he was brought on to manage a small team of engineers, something he said is “almost unthinkable” for a person his age.

“Sometimes we get offers that are really lucrative and we think, maybe one year down the line the bubble will explode,” Mr. Goel said. Still, he said, he is optimistic that the wave of venture capital buoying Indian startups will continue. He is weighing launching a company himself.

“I’m thinking of starting something of my own in maybe one or two years,” he said.

 

source: http://www.wsj.com/articles/flush-indian-startups-face-shortage-of-skilled-workers-1446978604

[Silver_mani]

ok

[perugu_vada]

Not so soon
Another 3yrs ;)

[chandra916]

Startups pettali ante idhe right time...

[vasu123]

K

[donganaaK]

indian startups lo work chesthey neeku day time stars chupisthaaru ... if u wanna setup one it has become comparatively easy 

[vasu123]

indian startups lo work chesthey neeku day time stars chupisthaaru ... if u wanna setup one it has become comparatively easy

India lo job ki thagga professionalism and value undadu, its all attitude problem and not professional, dabbu pay chestunnam ante chalu vaditho baga pani cheyinchukovalane oka bad thought and no respect. Usa lo paniki alavatu padda vallu india kelladaniki bhayapade first reason job culture eh

[donganaaK]

India lo job ki thagga professionalism and value undadu, its all attitude problem and not professional, dabbu pay chestunnam ante chalu vaditho baga pani cheyinchukovalane oka bad thought and no respect. Usa lo paniki alavatu padda vallu india kelladaniki bhayapade first reason job culture eh

 

yes , even normal employees kuda they work a minimum of 10hrs a day here .... inka startups ante min 14hrs a day including working on the weekends , vaallaki stock options kuda iyyaru , founders rather use that stock % to get more funding from the VCs , 

 

that's why the turnover rate is very high for startups anduke ee article cheppinattu high salaries ichi techukuntunnaru , people wont stay in such a working condition for long 

[chandra916]

Indian MNC's lo assalu cheyakudadu vayya indialo.....process ani Peru cheppi billing hours ee kaakunda extra hours kuda pani cheyonchukuntaaru lavadalodhi....

[jamesbond]

rofl pakkodiki India vellamani cheppatam saana veezi........

[mybabyboy]

rofl pakkodiki India vellamani cheppatam saana veezi........

 

thats true bhayya

[andhrapradesh@123]

Picha lite.

[biscuitRAJA000]

start up lo work cheyyali ante intlo kante company lone ekkuva time spent cheyyali. .poni salary ayina istaara ante work important ani kathalu 10gi chukkalu chooistaaru..pani manishi kante goram kaani work nerchukovacchu ante

[andhrapradesh@123]

start up lo work cheyyali ante intlo kante company lone ekkuva time spent cheyyali. .poni salary ayina istaara ante work important ani kathalu 10gi chukkalu chooistaaru..pani manishi kante goram kaani work nerchukovacchu ante

 

 

Nerchukune sariki BP, SUGAR vachi untayi.