Startup recruiters find few takers amid overall hiring slowdown

economictimes.indiatimes.com:

recruitment professionals, who joined recruitment teams of startups at astronomical hikes to drive the post-pandemic hiring frenzy, are now struggling to find jobs for themselves.

Many of these talent acquisition folks are now finding themselves priced out of the market as opportunities dry up and several find themselves without jobs, some for months on end, industry insiders said.

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In a harsh funding environment, where hiring has plummeted as startups focus on profitability, many recruiters/talent acquisition professionals have either been let go as part of cost-cutting exercises or are looking out for options.

Some are reaching out to previous employers including recruitment/search firms; others are even willing to take hefty salary cuts. But in a market where overall hiring has fallen, there are not many takers.

“When startups are not growing and reducing headcount, the first place that gets impacted is TA and marketing,” said Anuj Roy, managing partner of executive search firm Fidius Advisory. “If companies are not hiring, what will TA folks do?”

He cites the examples of several startups and ecommerce firms that built up over 100-member strong recruitment teams when hiring was at its peak. Salaries paid ranged between Rs 80 lakh to Rs 1.5