The first Finnish startup barometer: the shortage of experts is getting worse, but confidence in growth is still strong

The Startup Community (FSC) publishes its startup barometer for the first . The purpose of the publication, which will be published quarterly in the future, is to map the views of companies and investors operating in the startup ecosystem on their own and the surrounding economic situation.

According to the barometer, Finnish startups have strong confidence in their own growth potential. But no similar confidence can be found in the surrounding economic situation.

The deterioration of the situation in ’s immediate environment caused by is also a concern for companies. Respondents to the Startup Barometer have significantly increased their staff in recent years. Most companies expect to increase their staff in the near future. However, the shortage of skilled labor is currently perceived as a barrier to growth, and there are also indications from other statistics. Already 56% of respondents cited a shortage of skilled labor as a barrier to growth, or at least a . “It is in the interest of our that the solution to the shortage of experts is finally tackled with strong measures. In the future, more and more new high-productivity jobs will be created in Finland, ”recalls the FSC economist. Youssef Zad.

Creative solutions

Startups creatively solve barriers to growth. “Competition for experts in the market is fierce and attracting experts must be based on many different means,” says Mikael Thuneberg, CEO and Founder of Supermetrics. “For example, we look at the salaries of our employees on a quarterly basis instead of annual rounds, which allows us to react quickly to changes in the market situation. In addition, through our stock option program, all of our employees benefit from the fruits of growth, ”says Thuneberg. “In addition to salary and various benefits, Supermetrics’ strong and diverse organizational increases its attractiveness.”

startup Huuva is also looking for new solutions. “Although our growth has been rapid, our ongoing challenge since the beginning of Huuva has been finding the right experts,” says Ville Leppälä, CEO and co – founder of Huuva. “We’re looking for technical people, but also people who are familiar with international growth and kitchen operations, from line testing to expansion managers. In addition to a competitive salary, we are probably the first employer to offer kitchen staff signature bonuses, Leppälä says.

According to FSC economist Youssef Zad, startups coordinate labor market demand and supply according to a textbook example. “The price of labor, or the level of wages, must look for a new balance if there is a shortage of labor. Huuva’s approach to the skills shortage is very topical given the recent labor market disputes in Finland, ”Zad reflects.

Source: Finnish Startup Community

Source: The Nordic Page

Related Posts