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"When Asked 'Why Are You Switching to a Startup?'... Financial Compensation Ranks Second"

Remember Operator Surveys 500 Startup Job Changers
Career Development Prioritized... Top Job Change Criterion: 'Company Growth Potential'
"Startups as Career Growth Opportunities and Places to Increase Market Value"

"When Asked 'Why Are You Switching to a Startup?'... Financial Compensation Ranks Second"

[Asia Economy Reporter Kim Bo-kyung] The biggest reason office workers decide to move to startups is the 'variety of work opportunities.' It is analyzed that they are attracted by the possibility of career development through work, which is characteristic of startups.


Drama & Company, the operator of the comprehensive business platform 'Remember,' released the results of a survey conducted on 500 people who moved from large corporations and mid-sized/small companies to startups on the 9th.


The number one reason they decided to move to startups was 'expectation of various work opportunities (37.1%).' This is interpreted as being attracted by the possibility of career development through work due to the relatively free roles and authority within startups.


Following that were 'monetary compensation (28.6%),' 'work culture (12.7%),' 'colleagues working together (6.8%),' 'more work authority (6.2%),' and 'others (1.3%)' in order.


As for the criteria for deciding which startup to join, more than half of the respondents, 55.6%, chose 'company growth potential.'


'Monetary compensation such as salary (17.9%),' 'work culture (8.8%),' 'colleagues working together (6.8%),' 'company's investment attraction amount (4.4%),' and 'welfare system (3.1%)' followed.

"When Asked 'Why Are You Switching to a Startup?'... Financial Compensation Ranks Second"

One respondent who participated in the survey said, "An individual's career goes along with the company's growth," adding, "As the company grows, more roles and opportunities arise, and when contribution increases, influence and compensation within the organization also grow."


Only 13.8% of respondents lowered their salary when moving to a startup. Those who received a salary similar to their previous company accounted for 17.4%, and those who received a higher salary accounted for 49.3%. The proportion of respondents who said they received much higher salaries than before also reached 19.5%.


A representative from Remember said, "Unlike the past when startups were not even considered as an option for job changes, with the emergence of unicorn companies one after another, startups are increasingly recognized as opportunities for rocket career growth and promising places to practically increase one's market value."


They added, "Companies need to actively highlight these points through job postings or company websites in line with the job seekers' needs who value company growth potential and desire various work opportunities."


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