With the implementation of remote work, startup hiring significantly increased. For many employers, it meant reducing costs while accessing a wider talent pool. And according to Y Combinator, a startup accelerator, one of the major trends of this year is that startups are offering full-time remote jobs to attract candidates.
Ryan Choi, one of the founders of Y Combinator (YC), explained that the hiring process is one of the most challenging processes startup experience. And now, two years into a pandemic, the market is more competitive.
Attracting Candidates with Remote Work Opportunities
There are two major trends YC has identified in startups:
- Ramp-up in hiring
- Shift to remote work
The platform has seen how job listings that offer remote work opportunities have increased – as many as 6.5x in 2021 compared to 2020. The WaaS platform had a 6.4x increase in remote-friendly jobs. Additionally, 70% of the job roles offered have remote opportunities to some extent.
The startup accelerator itself decided to go remote after experiencing all the benefits. They have been more attractive to international companies. For instance, 50% of their clients were international last winter, compared to 36% from the summer of 2020.