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Startup salaries swell amid pandemic-induced funding boom
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Engineers, data analysts, developers and product managers with three-to-seven years experience are being hired at 50% higher salaries by startups flush with funding.
ETtech
The slug of capital comes with an expectation to grow faster that requires quality talent, which in turn comes at a higher cost. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Increased demand for technology talent, following an accelerated focus on digital adoption by businesses due to the Covid-19 pandemic, is making hiring expensive, especially for early-stage startups, multiple founders and recruiters told ET.
Engineers, data analysts, developers and product managers in the three-to-seven-year experience bracket are often being hired for up to 50% higher salaries than industry levels by startups flush with investor capital.