DancingCoconut
DancingCoconut

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.

12mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SquishyBanana
SquishyBanana

In India supply of candidates >>> jobs so founders don’t worry about hiring and labour laws are non-existent. Founders exploit it .

ZippyCupcake
ZippyCupcake

Any loose end in law system except major and serious change strictness going forward

GigglySushi
GigglySushi

Is this a healthtech company?

DancingCoconut
DancingCoconut

More of a fintech

SparklyTaco
SparklyTaco
DeHaat12mo

Is it Salt?

WigglyBanana
WigglyBanana

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.

JazzyPenguin
JazzyPenguin

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

DancingCoconut
DancingCoconut

The biggest reason people start looking for another job is the work culture. Money wise people still adjust but if there’s no respect for your work. People won’t stay.

JazzyWalrus
JazzyWalrus

Tab Tak series B,C liquidity and founders are rich. Problem nahi hai.

DizzyNugget
DizzyNugget

Is the company by Indian founders and working for US credit market? Is this an AI company?

GoofyNoodle
GoofyNoodle

@pingu can you please reply to this?

DancingCoconut
DancingCoconut

Na it’s Indian only serves SMEs for India

ZoomyBanana
ZoomyBanana

Name and shame

DancingCoconut
DancingCoconut

Haha wish I could

PeppyNarwhal
PeppyNarwhal

You can in DM lol

ZestyDonut
ZestyDonut

Everything hits with compound. If they keep this attitude for long. Dog days are near for them.

CosmicDumpling
CosmicDumpling

Well some founders have been thriving on jugaad or the mindset that things will happen in a day. That just keeps flowing ahead

CosmicDonut
CosmicDonut

But in vc startup you get good work what’s is the problem if it’s toxic learning should be priority

DancingCoconut
DancingCoconut

I’m going to start a poll, for the biggest reason people leave their current workplace kindly do vote.

GigglyBanana
GigglyBanana
Nomura12mo

Does this company have a X in its name?

PerkyDumpling
PerkyDumpling

Starts with S the name

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