Startup & HR Challenges: Navigating Talent Retention & Growth
I've been working with the startup since its early stages. When I first joined, we had around 40 employees , and over time, we scaled up to over 300 hires . However, due to a high attrition rate , our current workforce stands at 150 employees . Despite continuous efforts to retain talent , attrition remains a pressing challenge. Through analysis, it is clear that attracting and retaining top talent in a startup environment is inherently difficult. Many candidates are drawn to established brands that offer higher salary packages and job security . Addressing these challenges requires innovative retention strategies and a deeper understanding of employee motivation in a startup setting. While HR plays a crucial role in talent retention and employee development, it is equally important to have a well-defined HR strategy backed by strong senior management support . Without this alignment, HR initiatives may not achieve their intended outcomes.