CXO ATTRITION
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%.
Ola Electric eyes leaner road to profitability, to cut 400-500 roles
Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.
Top Indian unicorns continue to add talent despite funding, growth challenges
Data from top 15 unicorns by talent movements– including the likes of BigBasket, Delhivery, Flipkart, IndiaMART, Meesho, Ola, PhonePe, Swiggy, Udaan, Zoho, Zomato - showed that over the last 12 months, this cohort of firms let go 33,000 employees but hired 58,000, to record a 25,000 net headcount growth.
Retention toolkit: India Inc readies golden handcuffs to arrest CXO attrition
A toolkit to bind the CXOs may include measures like longer tenure employment contracts (five years versus three years) and longer notice periods (six to nine months) as compared with three months earlier, according to the CXO search consultants.
The great churn: Tech majors bring in new leadership amid course correction
The $245-billion Indian IT industry is seeing an unprecedented churn in senior leadership at a time when it grapples with subdued global demand and macro instability in its main markets
84% business leaders across Indian Inc optimistic about growth in 2023: Benori Knowledge survey
Leaders from India Inc. say that despite the impending global recession, they intend to scale their digital transformation budgets in the upcoming year, with 42% of leaders highlighting integration of emerging technologies as one of the major themes for 2023.
Laid-off Indian techies in US eye stable ground
While Indian job market has come off from its recent highs, firms are still hiring here and it’s perceived as a far better bet.
Brands cower as social media mobs run riot; trolling not constructive, says ASCI
This week, AU Small Finance Bank faced backlash online for an advertisement that featured actors Aamir Khan and Kiara Advani. The ad, which depicts the groom (Khan) taking the first step into the house of the bride (Advani), mocked Hindu traditions, some netizens said.
Pay check: CXO-fresher salary gap widening in IT sector
The average annual salaries of freshers remained at about $5,000 for over a decade till early 2020 before a couple of rounds of compensation increases by IT firms propelled that beyond the $5,000-mark
EV firms face scrutiny on FAME-II subsidies; CXO-fresher salary gap widening in IT
According to government officials, Hero Electric and Okinawa have been asked to show documents that support their subsidy claims while a few other firms have also come under the scanner.
Inaction or fear – what really ails Indian CXOs?
Indian leaders, while acutely sensitive to the challenges of the future workplace, seem unwilling to take decisive action about it. At the root of this inaction could be an undercurrent of fear, which needs to be identified and addressed, to overcome anxieties about the future of work.
Post-Covid disruption: India Inc shifts focus to keeping a successor ready
Leadership succession is extending to top executives in key roles such as the heads of sales, strategy and M&A, products and designs, and a level beyond the C-suite, according to board members of top companies and CXO search consultants ET spoke to.
India Inc takes poor view of WFH proviso
As an increasing number of companies across sectors are calling employees back to office, HR managers, company executives and top recruiters say job seekers - especially in senior roles - who set flexibility as a condition may significantly diminish the possibility of getting hired in many organisations.
26-28% margin band in the longer term is TCS’ guiding beacon and gives us confidence: Samir Seksaria
“The twin engine strategy which we have in place for growth and transformation for our customers or cost and optimisation are placed in beautifully and that will help us continue the demand drivers which we have been calling out, whether it is in terms of increased share of offshoring or outsourcing or in terms of the cloud transformation agenda.”
In fight for CXOs, companies' weapon of choice - golden handcuffs
In the last one year, these established companies have lost their top leaders to new-age firms and companies in high-growth sectors such as technology, healthcare, and others. Now, they are looking at engaging their CEO and CXO talent in more sweetened, but binding, contracts.
Marico launches hybrid work framework for all employees in India
The company aims to offer a work model where members will have the benefits of work from home as well as office to better manage work and family needs while delivering on business commitments. According to the new policy, employees will be moved to a ‘Work from Office on Roster’ (WFOR) system under which they can come to the office on a pre-decided frequency.
Tech startups beef up teams via CXO-level hiring
The salaries being offered have swelled to nearly a crore, as many candidates have offers from multiple companies.
A secure corner room: CEO attrition dips in past 5 years
The reasons include more opportunities for growth and wealth creation in the private sector, lack of newer sectors to be explored, the impact of digital and the changing role of CEOs.
India Inc offers hefty bonuses and expanded leadership roles to retain talent
Cos in growth sectors, where attrition levels have shot up since the revival of the economy, talent retention strategies have become more aggressive.
Load More
