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Jakarta Post

Small, medium start-ups struggle to retain talents in ‘salary war’

  • Adrian Wail Akhlas

    The Jakarta Post

Jakarta   /   Mon, October 14, 2019   /  09:32 am
The Jakarta Post Image
This picture taken on Sept. 12, 2017 shows entrepreneurs working at the EV-Hive event space, a co-working space, in Jakarta. (Agence France -Presse/Goh Chai Hin)

Small and medium start-up companies operating in Indonesia are prioritizing training programs and a supportive work culture rather than boosting pay in an effort to retain talents amid a fierce salary war. A limited talent pool amid the fast-growing digital economy has triggered a high employee turnover in start-ups, which involves astronomically high salary figures. Human resource startup Urbanhire chief executive officer Benson Engelbert Kawengian should find another way to retain his 60 employees while the country’s unicorns, start-ups with a valuation above US$1 billion, do head hunting to expand their teams. “We cannot compete with the salaries of unicorn companies,” Benson told reporters in Jakarta on Tuesday. “[Therefore], we provide a development class for our employees every Friday so that they can grow. Other than that, we are trying to build...