Startups need to realise employee retention is a thing
The current company which I work in is backed by YC and is one of the most toxic workplaces I have ever seen. I joined as one of the early engineers and since then the founders attitude and ego have only become worse.
The thing is they think hiring anyone in a short span of time can replace someone who’s working there for like more than 2 years and have built the product from scratch. This just infuriates me.
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In India supply of candidates >>> jobs so founders don’t worry about hiring and labour laws are non-existent. Founders exploit it .
Any loose end in law system except major and serious change strictness going forward
Is this a healthtech company?
More of a fintech
Is it Salt?
Exactly Most founders FAIL to realize the hidden costs of having a high attrition rate.
It just isn't sustainable. I know a lot of times, people are replaceable, and as a startup you expect higher ownership and impact - but I've seen in most Indian instances, they end up crossing the line and becoming assholes to employees.
Worse part
better to hire new one on high salary
then giving hike to existing one
Not even trying to retain
And suddenly you won't have enough folks who understand the code flow, knowledge gap keep on increasing in new hires
then it leads to no motivation of existing employees and productivity goes down
Everything hits with compound. If they keep this attitude for long. Dog days are near for them.
Well some founders have been thriving on jugaad or the mindset that things will happen in a day. That just keeps flowing ahead
