Even as increasing cost pressures and uncertain business environment have prompted discerning companies across sectors to go slow on hiring, HR experts predict 2020 may see the next phase of recruitment driven by start-ups.
At the forefront will be the ‘soonicorns’, or start-ups with the potential to become unicorns by attaining billion-dollar-plus valuation, as they are set to double headcount next year, according to a report from HR firm Xpheno. It has categorised 79 per cent of tech start-ups such as Lendingkart, Nykaa, Pinelabs, UrbanClap, Practo, Zoomcar, Grofers and ShareChat as soonicorns.
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Currently, there are around 60,000 job openings for digital and new-age technology professionals for 2020. While some of the high remuneration openings are with the big boys such as Capgemini, Accenture, IBM and Wipro, the new entrants in the unicorn club this year like Lenskart, Delhivery and Udaan, along with other funded start-ups, are also catching up.
Source: The New Indian Express
