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Soumya Murthy

๐Ÿ‘ค Speaker
253 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And systems integration, really strong R&D engineering roots.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Towards the end of the 70s, 52 of us were still engineers and remained that.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

We wanted to keep it that way, right?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Roots in that stage of growth.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And culturally, introverts, critical thinkers, super independent, very approachable.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And our engineering base was in India.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And the founder and the roots of the company was also Indian descent in America.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

I came in as a functional talent acquisition in US with enterprise, US enterprise experience.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And we brought in sales, marketing, and finance.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Our CFO was there as well.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

In India, we continued to acquire.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

We had the Indian average Bangalore average attrition rates about 29%.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

percent or so.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Ours was, at its best, 11%.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And so we had a really good, strong way of acquiring and retaining talent.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

And of course, we start off with a market decline right when we hit the ground running.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So the very first burn lesson that we learned was communicate change is actually medicine.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

So how is it medicine?

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Market turns, completely shifts the way it buys, shuts down in a very dramatic way.

SaaS Interviews with CEOs, Startups, Founders
Reduce Your Employee 'Burn Rate' to Improve Your Startup's Burn Rate: 5 Tips for Talent Retention

Not just shuts down talking, it actually shuts down the budgets, right?