Opportunities Linked to Startups and Fintech
Opportunities linked to booming startups and fintech, employment opportunities and talent development
We are going through a time of huge transformations in the work world, a process that is directly connected to the rapid technological advances that become new means of production. In this context, when choosing which new horizons to broaden in your organization’s activities, it’s essential to be able to recognize which areas of industry and which market have the greatest potential.
This sector went through a sudden growth spurt in 2020, and since then, it has been sustained with a firm consolidation that sets the course for other areas of the economy, the production system, and the jobs network.
In Argentina, what are the most dynamic sectors of the economy that have the greatest capacity for job promotion?
According to a recent report, in our country along with processes that happen worldwide, there are marked increases in the creation of private employment. However, it’s not the traditional businesses that are making the biggest impact but rather those that are closely tied to the knowledge economy.
The job market in startups is currently the one that is expanding the most, and the most noticeable fields are software development and fintech. Because of the energy and agility of this niche of the market, it has become a magnet for IT talent.
Some of the sector’s characteristics
In the last two years, startups grew not just in billing totals but also in the volume of transactions. This allowed these businesses to increase their number of workforces.
In developing tasks without depending on people being present, the costs of infrastructure are lower, and the work is done by intercultural teams that are ideal for talent recruitment, combining synchronous and asynchronous methodologies for work, with the possibility of incorporating the flexibility of a hybrid system that includes coworking.
Challenges for the human resources team and the development of global talent
Currently, the demand for professionals exceeds the supply. However, businesses can choose to incorporate as part of their own organizational culture the reskilling of their available teams through in-company training programs.
Another variable to consider is the deterritorialization of job positions. On one hand, this means an opportunity to combine on workforces local talent with members from other parts of the world. But on the other hand, this puts the job supply in a more complex and competitive position, presenting the companies with challenges when attracting and retaining needed talent. For this reason, a strategy that can work is promoting corporate benefit programs and what is referred to as “emotional salary.” Both methods result in positive impacts both for those who join the teams and the companies that need them. It’s a sustainable way to consolidate and cultivate the loyalty of teams by assuring them constant training in specific, required fields.
Both fintech and startups work on a global level. This very thing that presents the scaling possibilities that make them so attractive is what also presents the constant challenge of keeping up the pace in order to successfully compete for these niches in the market.
The challenges and opportunities for the development of the global talent of these organizations are very clear, and there are multiple opportunities for professional and job growth in startups and fintech.