We The Italians | Italian good news: Hiring in innovative startups and SMEs grows

Italian good news: Hiring in innovative startups and SMEs grows

Italian good news: Hiring in innovative startups and SMEs grows

  • WTI Magazine #153 Jul 24, 2022
  • 278

The number of startups and SMEs hiring new resources in Italy is growing. In 2021, 78.5 % of Italian innovative companies expanded their teams with new hires, up 8.5 % from 2020. This is according to research on the impact of startups on the labor market in Italy conducted by the Italian Tech Alliance (formerly VC Hub Italia) in collaboration with Egon Zehnder.

The figure found confirms the expectations that startups and companies already had in 2020. More jobs are being created, despite the pandemic and the winds of crisis. Another positive aspect: about one-third (31 %) of the companies that hired in the last year experienced a growth in their workforce of 50 % or more.

Engineers, researchers and sales are the most sought-after professionals. The average age of the workforce is 36, with 52 % of resources being under 35.

In 2021, the data on female presence remains almost unchanged from the previous year. 65 % of startups have at least one woman in top positions, within the management team. However, the ratio of women to men improves. In 2020 it was one to five (20 %), now the average ratio is 23.5 % (almost one to four).

Women, young people and international teams. Forty % of startups and SMEs surveyed have people from international backgrounds on their management team, with an average share of 35 % of total members. Geographically, Northern Italy remains the main area of resource deployment (71 %), followed by the Center (20 %) and the South (9 %).

According to the latest report on innovative startups prepared by the Ministry of Economic Development with InfoCamere and Unioncamere, there are 14,362 startups registered in the business registry, an increase of 285 (+2%) in the first three months of 2022 compared to the previous quarter. Of the total, 27 % are in Lombardy, 18.9 % in the province of Milan alone.