“Young companies count on luring workers with the promise of a huge potential upside for their equity awards, but that pitch has gotten tougher as stocks tumble and mutual funds reassess the value of their startup investments,” according to the report.
At startup Thumbtack, job offer acceptance rates have fallen approximately 5 percentage points since last year, Jeff Winter, Thumbtack’s director of technical recruiting, told WSJ. He said prospective employees are instead interested in positions with established companies like Google. “People are anchoring ships in safe harbors,” Mr. Winter told WSJ.
Additionally, work perks are becoming less enticing to job candidates, who now seek stability. Such perks — from silly ones like having hoverboards to serious ones like equity stakes — are less attractive to potential hires than actual compensation, according to WSJ.
As one marketing executive said in the WSJ report, “I’d rather have the company have a long lifespan than have a hoverboard riding around the office.”
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Leading & succeeding: A roundtable of women leaders in health IT
GE Healthcare to add 60 jobs in Chicago
How CIOs can become CEOs: Thoughts from Salesforce.com CEO Marc Benioff
