C SUITE
Chief HR officer roles in India Inc see highest churn
One in every 10 CXOs changed jobs in the year ending June, with certain roles experiencing higher turnover than others, according to an analysis by specialist staffing firm Xpheno. The study, based on 37,000 C-suite movements, found that the roles of chief human resources officer (CHRO) saw the highest churn at 20%, followed by chief sales officers (CSOs) at 18% and chief product officers (CPOs) at 15%.
Calcutta HC to hear Guv Bose's plea for interim order in defamation suit against CM Mamata Banerjee on Monday
West Bengal Governor C V Ananda Bose is set to appear in the Calcutta High Court for an interim order in a defamation suit against Chief Minister Mamata Banerjee and other TMC leaders. Justice Krishna Rao granted leave for the defamation plaint to be registered, and Bose's lawyer will serve copies of the application to the defendants.
India Inc senior keen to book C-Suite for pros under 50
Traditional groups cap CXO age at 50. A mid-fifties candidate was overlooked. Younger CEOs/CXOs, preferred for tech adaptability post-pandemic, fit the 'sweet spot' age aiding old economy firms. Pawan Goenka noted internal grooming. Rajiv Dube favours longer terms. Young leaders, noted by Harsh Goenka and Claricent Partners, are ambitious and successful.
New-age CEOs: India Inc's bosses adapt their qualifications to keep up with dynamic business landscape
The role of CEOs is evolving, with a shift towards more strategic thinking over traditional sales and marketing backgrounds. A recent survey highlights the importance of diverse skills in navigating complex business environments. The adoption of technologies like AI is also driving the need for strategic leadership in today's corporate world.
Nikesh Arora: Meet the Indian-origin CEO earning more than Google’s Sundar Pichai, Microsoft’s Satya Nadella
The report from data analytics firm C-Suite Comp featured two lists based on different metrics: "total compensation granted" in 2023 and "compensation actually paid." Sundar Pichai of Google and Satya Nadella of Microsoft, despite their prominent positions and successful years, did not appear on either list. Nikesh Arora is the only Indian-American to make it to the list of the top 10 highest-paid CEOs in the United States. Here's all you need to know about the Indian-origin CEO .
Most of top-level executives have positive perception of GST: Deloitte survey
A Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% in 2023. Key reforms suggested include rationalizing tax rates, improving dispute resolution, and enhancing automation and technology. The survey also highlights the need for further simplification and support for MSMEs.
The rising importance of the chief trust officer
Businesses are emphasizing trust by appointing a Chief Trust Officer (CTrO) to oversee trust-building initiatives. This role involves assessing trust levels within and outside the organisation, focusing on domains like corporate culture, compliance, and customer experience.
Can leaders show profitability and sustainability together?
SAP conducted a sustainability study revealing 86% of Indian organizations see a link between sustainability and profitability. Manish Prasad emphasizes sustainability's importance for business success.
'Modi set to win easily, Indian elections not controversial,' says political scientist Ian Bremmer
India is one of the few large economies in the world where the outcome of the upcoming US election does not matter, and the relationship is likely to be strong and stable if either Trump or Biden wins. He said India "fundamentally mishandled" the controversy over the killing of a Canadian citizen Hardeep Singh Nijjar, but was quick to add that the Indian government has "legitimate reasons" to be concerned about Sikh radicals in Canada and elsewhere.
Company boards are getting younger, but balancing vitality with expertise is key to success
Organisational leadership is evolving with younger individuals joining company boards in the dynamic startup landscape. While they bring fresh perspectives and innovation, challenges arise from limited experience in governance. Diverse boards with a mix of young and experienced members are crucial for informed and adaptable strategies for long-term success.
India Inc helping more wonder women get C-suite superpowers
At Accenture, 29% of the leaders in India are women. Diageo India has 30% women in senior leadership. In the last few years, Marico's efforts have pushed women into close to 30% of leadership roles. PepsiCo is looking at 40% women in the India leadership team by next year. Larsen & Toubro handpicked 495 women employees to undergo leadership development programmes in the last few years.
Auto Industry ramps up C-suite hiring amid post-pandemic sales surge
The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts.
More and more Indian companies ramp up background checks on C-suite
Indian companies discreetly monitor CEOs and key personnel through ongoing background screening, focusing on governance, fraud risk, legal liabilities, and regulatory compliance, with costs ranging from ₹1.5-7 lakh.
Focus on digital health leads to emergence of new roles in healthtech
The healthtech sector is experiencing significant growth in 2024, with a focus on digital health creating new roles. Despite challenges like funding winter and cost efficiencies, employment in healthtech has increased by 74% over the last two years. Key positions in demand include software developers, data scientists, and sales managers, with a preference for skills in Python.
Unlocking organizational potential: The role of chief executive officers (CXOs) in the digital era
Chief Experience Officers lead digital transformation to enhance customer engagement. Collaborating with C-suite executives and leveraging emerging technologies, CXOs drive innovation and deliver exceptional value to customers, shaping the future of business.
Technical leadership is becoming a critical differentiator at senior level hiring
C-suite leaders must now possess technical skills alongside traditional leadership qualities. Companies emphasize the importance of understanding tech for strategic decision-making. Technical expertise is increasingly becoming a requirement at all levels of leadership.
Dealing with layoffs: How companies and CEOs can handle a messy situation with relative ease
CEOs face tough layoff decisions with compassion and transparency. Providing outplacement services, skill development, and alternatives before layoffs can soften the blow. Emotional support for CEOs and strategic evaluation post-layoffs are crucial for organizational growth.
Rise of fintech leads to demand for leaders who can manage regulatory and business requirements
Increased regulatory requirements in fintech drive demand for professionals with expertise in blockchain, AI, and cybersecurity. Boards seek leaders capable of navigating complex regulatory landscapes while fostering innovation and ensuring regulatory compliance for sustainable growth.
Expect 15-25% pay hike while shifting jobs at senior level, shows Michael Page report
The Michael Page's Salary Guide 2024 for India indicates significant demand for various roles across sectors, with senior-level job shifts offering substantial salary increases of 15-25%. Manufacturing, data, generative AI, and sustainability skills are particularly sought after.
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