Hiring the right team is crucial for success in the fast-paced world of biotech startups. However, many startup founders are hesitant to hire freshers. At a recent CEO’s meetup, many startup founders voiced their concerns about hiring biotech freshers.
While freshers have immense potential to bring new ideas, energy, and perspective to a startup, here are some of the concerns raised by biotech startup founders:
Freshers Switch Jobs Frequently:
One common belief among many biotech startup founders is that freshers are always looking for better job opportunities. Once they receive training, they move on to another company, leaving the first company in the lurch.
Freshers Often Pursue Higher Education and Do Not Return:
Another concern is that freshers are always looking to improve their skills through higher education. After completing their education, they may not return to the same company or field, making it a risky investment for startups.
After Training, Freshers Get Poached:
Many startup founders have also shared that they have had to let go of trained freshers because bigger biotech companies poach them with better salaries and benefits.
Bigger Biotech Companies Prefer to Poach Instead of Train:
Bigger biotech companies prefer to poach trained professionals rather than
invest in training freshers. This puts startups at a disadvantage as they cannot compete with the salaries and benefits these companies offer.Possible Solutions for Freshers
Freshers can take action to address these concerns and increase their chances of being hired in the biotech industry. Here are some solutions:
Develop Necessary Skills First:
Freshers should focus on developing the necessary skills required for the biotech industry before applying for a job. This will ensure that they have the right skillset and are prepared to take on job responsibilities.
Build a Strong Network:
Building a strong network and getting introduced through referrals is a great way for freshers to find job opportunities in the biotech industry. This can also help in building relationships and gaining valuable insights into the industry.
Avoid Frequent Job Switching:
Freshers should avoid switching jobs frequently and instead focus on building their skills and experience in one company. This will show that they are committed to their work and willing to grow with the company.
Do an Internship First:
Internships are a great way for freshers to gain valuable experience and understand how the biotech industry works. This can help them in developing the necessary skills and also show that they are willing to learn and work hard.
Be Ready to Work on a Lower Salary:
Startups may offer lower salaries due to tight funding, but if freshers join a startup early and help them grow, the founder may acknowledge their efforts and increase their salary as the startup grows.
Be Responsible for Your Actions:
Freshers should remember that when they suddenly leave a job, their juniors may face problems as the industry may stop hiring freshers, thinking they are unreliable. Therefore, they should act responsibly.
In conclusion, while biotech startup founders have valid concerns about hiring freshers, realizing their potential and the benefits they can bring to a startup is important. By providing the right training, opportunities, and support, startups can build a strong team of freshers to help them achieve their goals. Freshers can take action to address the concerns of startup founders and increase their chances of being hired in the biotech industry.
