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The shortage of human resources is getting worse, but confidence in growth is still strong.

Most companies In response to Finland’s first startup barometer estimate, it will increase its workforce in the near future. At the same time, more than half say that the shortage of skilled workers is the biggest barrier to business growth.

75% of startups report a slight or significant increase in staff over the last three months.

The Finnish Startup Community (FSC) has unveiled the Startup Barometer for the first time. In the future, the purpose of quarterly issuance is to map the views of companies and investors operating in the startup ecosystem with the surrounding economic situation.

According to barometers, Finnish start-ups have a strong confidence in their growth potential. However, we do not have the same confidence in the surrounding economic situation.

The deterioration of Finland’s familiar environment caused by Russia is also a cause for concern for companies. People who have responded to the Finnish startup barometer have significantly increased their staff in recent years. The majority of companies expect to increase their workforce in the near future. However, the lack of a skilled workforce is now recognized as a growth impediment, and other statistics suggest. Fifty-six percent of respondents cited a lack of skilled workforce as a growth barrier, or at least to slow it down. “It is in our interest to ultimately take strong steps to solve the talent shortage. In the future, new and more productive jobs in Finland will be created more and more by startups,” said the FSC economist. Reminds me. Youssef Zad..

Creative solution

Startups are creatively tackling barriers to growth. “The competition for market professionals is fierce, and attracting professionals must be based on a variety of means,” he said. Mikael Thuneberg, CEO and Founder of Supermetrics. “For example, employee salaries are displayed quarterly rather than annually, so we can respond quickly to changing market conditions. In addition, through stock options programs, all employees benefit from growth outcomes. You can, “says Thuneberg. “In addition to salaries and benefits, Supermetrics’ strong and diverse organizational culture also makes it attractive.”

Restaurant startup Huuva is also looking for new solutions. “Our growth is rapid, but the constant challenge we have faced since the inception of Huuva is finding the right people,” he said. Ville Leppälä, CEO and co-founder of Huuva. “We are on the lookout not only for technicians, but also for people who are skilled in international growth and kitchen operations, from line cooks to expansion managers. In addition to having a competitive salary. We are probably the first employer to offer signature bonuses to kitchen staff, “says Leppälä.

According to FSC economist Youssef Zad, startups adjust labor market supply and demand according to textbook examples. “The price of the labor force, or the level of wages, must seek a new balance if the labor force is in short supply. Given the recent labor market debate in Finland, Huuva for skill shortages. The approach is very much talked about, “Zad believes.

Source: Finnish startup community

https://www.helsinkitimes.fi/business/21490-the-first-ever-finnish-startup-barometer-the-talent-shortage-is-getting-worse-but-confidence-in-growth-remains-strong.html The shortage of human resources is getting worse, but confidence in growth is still strong.

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