Job Seekers Prefer To Work For Small Businesses Than Large Enterprises: Report

70 Per cent of job seekers prefer working for small businesses rather than large enterprises in India, as revealed by job listing platform Indeed. The report stated that the jobseekers believe SMBs provide a faster growth curve and a dynamic learning environment as compared to larger companies. The research was conducted with 1320 job seekers and 610 small businesses by analytics firm Valuevox on behalf of Indeed.

It is evident that job seekers are focused on SMBs which means that they [small businesses] need to lay the foundation for strong HR practices and realize the value of hiring right to flourish and contribute to India’s growing economy,” Sashi Kumar, Head of Sales, Indeed India said.

 In fact, 44 per cent of job seekers surveyed feel SMBs offer low salaries, inadequate benefits and perks (32Per cent), and have limited resources (31Per cent), said the report.

Despite the attention given to SMBs by job seekers, small businesses are still struggling to capture the right talent because of the over-reliance on referrals and family connections noted in the study. Almost 60 Per cent of SMBs reported having a 40 Per cent skill gap in their organizations.

“Today’s SMBs are facing increased competition for talent, especially from large players. They are struggling to find the right fit candidates, and are wary of the impact hiring delays will have on their business,” said Kumar.