A shortage of technology talent has Indian companies offering sweeteners like more vacation time and gender-neutral parental leave as they compete for graduates and professionals. One Bangalore startup is trying a more dramatic solution: a three-day work week. From a report: Fintech company Slice is offering new hires a three-day week with salary at 80% of the going market rate. This is a win-win approach that frees the workers to pursue other passions or interests — or other gigs — while still locking in a steady pay and benefits from Slice, said Rajan Bajaj, the company’s founder. “This is the future of work,” Bajaj, 28, said in a phone interview. “People don’t want to be tied down to a job.”
Global investors are pouring billions of dollars into India’s tech startups, putting entrepreneurs under pressure to ramp up teams. A massive talent crunch has ensued as IT outsourcers, Silicon Valley giants, global retailers and Wall Street banks’ technology centers vie for engineering and product talent alongside hundreds of fast-growing startups. Slice is betting that its approach will make it stand apart from the competition. The company has 450 employees and wants to recruit 1,000 engineers and product managers in the next three years.
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