A number of senior executives at companies like Ola, Flipkart, Snapdeal and various other consumer Internet companies are leaving their jobs due to poor work-life balance and low job satisfaction. Those who are making an exit, a hunger to start up on their own can also be seen.
Experts, who are responsible for finding fresh talent, say that most of the exits are a result that seniors get relegated when the hierarchies alter. Decreased influence on impactful decisions and shrinking interactions makes the individuals to move out of such big startups.
High levels of stress, long working hours and volatile work environment are some of the reasons that wear out several senior executives at startups. On the other hand, pressure also builds up when old employees get unable to maintain tandem with changes.
Dissatisfaction with compensation also prompts the executives to make an exit in most of the cases. Typically, the startups offer stock options focused at locking in talent from almost 1 year to 4 years. Often, the employees can cash in just about a quarter of their entire holdings after 1 year.
Senior employees basically realize that they also have a chance to gain big returns from the startup boom in India where most of the top Internet companies have soaked up nearly $6 bn of funding till date.
Some of the employees who made an exit and began their own venture, either made it to the top or crashed badly.