In recent weeks, many startups
have hit the headline of print media for all wrong reasons and that is the
delay of hiring new resources due to the strategic change of their business model. The whole process exposed the lack of communication skillets of the well
established start up organization making the buzz around the globe.
In the last two years we observed
the Bull Run by Start up to hire resources from reputed institute and treated
as their pride which is now pinching them the most. As per the standard
business practice, all organizations during their Annual Operation Plan (AOP)
ensure that the visibility, strategy, execution process and resource
requirements are locked-in and in that scenario, the failure to follow this
process by many startups clearly indicate that coordination within the business
unit is not seamless.
The aggressive push by the
institution clearly indicate that they want to defend their reputation where
their students are getting jobs in top organizations with fat pay package and
at the same time supporting student's demand for the compensation for the
delayed joining date which is not even confirmed joining date for them.
It clearly indicate the early wave of downturn
in many segments where well known startups operate and realized in due course
that they have to train the students from scratch which ad to their cost.
The university's and college's move to blacklist such organizations will have
long term impact on the their hiring plan and as we all know about Indian
Professionals that they are very cautious about their professional stability
hence it would have another stretch point of retaining existing and attracting
new talents.
My full sympathy is with students
and wishes them all the best to get even better job at the earliest. More the
hurdle more the success waiting for you.
