BANGALORE: Start-ups have become employees’ choice in the recent past, and not without reasons.  Many Indian start-ups are rolling out handsome pay packages and are successfully luring away top notch talent both at campuses and for mid-to senior-level positions with better work profiles and flexible work timings, as reported by TOI.

According to the a joint study conducted by global management consultancy Hay Group and global venture capital firm Canaan Partners across four technology-related sectors,  as  many as 82 percent of the start-ups surveyed pay more than the above market average. 

Spread across sectors like e-commerce, online services, mobile applications and enterprise software, the average median salary at the junior level ranged from 5.50 lakh per annum; those at the mid-level and senior-level get ranged from 15 lakh and 35 lakh a year respectively.

The study also highlighted that higher pay packets, faster career growth prospects, work culture, employee stock options were some of the key attractions for young workforce joining the start-up ecosystem in the country. 

Hay Group India Director Debabrat Mishra said, "The pay philosophy when coupled with a value proposition that is attractive to the younger workforce could become a huge challenge for traditional organizations to deal with," reports PTI.

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