Inflated pay dampens startup executives’ job hunt
It’s not only professionals who are not comfortable with more than a 20-25% cut. Companies too are avoiding candidates whose current salaries are 30% or more higher than their allocated budget for the role,” said Anshuman Das, managing partner of specialised executive search firm Longhouse Consulting.
“They are saying: ‘Too high… don’t touch him/her’,” said Das. He cited the example of an online fashion company which is trying to hire executives in the Rs 60-80 lakh band. Some of the resumes that have come in are of people at salaries of Rs 1.2 crore and above. The founder is not even entertaining such candidates, said Das.