Hiring — a challenge for startups: Intelligent HR tech tools to rescue

Startups were a taboo some decades ago because stability was key to previous generations. Then a little over a decade ago, startups begin to form within the country, and today we are the third in the world behind the US and China. The startup industry raised about $3.9 Bn from venture capitalists in the first half of 2019 itself. With the tech-savvy millennial generation joining the workforce, it is more evident than ever that the startup industry is here to stay.

According to a recent report by KPMG, it states that there are two reasons for the boom in the industry-consumerism and the digital revolution. With this boom and the growth in the industry, hiring for startups should ideally be a cakewalk. However, the scenario is quite the opposite with startups finding it challenging to hire the right talent, which can be a significant cause of concern and loss. However, a report by Innoven Capital states that hiring statistics are to see a change by witnessing a rise in the number of hires in 2019 as compared to last year.

What then are the challenges that most startups undergo and solutions for the same resulting in a better hire?

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