CXO SEARCH COMPANIES
CXO-level shifts rearrange top deck at Indian startups
The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.
Silver's the new gold as startups rejig CXO portfolio
Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination. Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.
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.
Foreign lands turn hunting ground for CXO search companies
Global CEO and CXO searches by Indian companies and MNCs focus on specialist roles in high-tech sectors like automotive and pharmaceuticals, emphasizing expertise in data centers, cloud computing, and EV technologies. Returning Indians are sought for their industry knowledge.
IT companies restart top-level hiring expecting a rebound post polls
IT sector experiences leadership hiring surge after post-elections optimism, with a focus on diversity and global talent acquisition. Demand for tech talent rises in the US, driving senior leadership recruitment growth.
Cash-rich NBFCs lure banking professionals for CXO roles amid rapid growth
Leading NBFCs are attracting top CEO and CXO talent from major Indian banks like ICICI Bank and HDFC Bank. Recent moves include executives joining Poonawala Fincorp and L&T Finance, reflecting the sector's rapid growth.
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Looking to return to work after a break? Here is a quick guide for leaders, and women
Returning to the workforce after a career break can be challenging, but with adequate planning and effective strategies, individuals can navigate through the obstacles. Organizations have implemented return-to-work initiatives for women employees, and investing in self-improvement and leveraging social media can help ease the transition.
Industrial and manufacturing sector dominates million-dollar CXO club
CXOs from the industrial and manufacturing sector dominate the million-dollar compensation club, followed by financial services, automotive, and pharma sectors. Talent gaps, compensation structures, and the distribution of large companies impact high earners. Knowledge-based companies in IT, software, and banking perform well in terms of compensation.
Laid off CXOs are much in demand as companies look to hire execs with proven track record
Often roles become redundant as an outcome of consolidation, mergers, restructuring of businesses, regulatory hurdles or funding delays, and top executives who lost jobs due to industry dynamics and uncertainties form a critical talent pool for other companies across sectors, said the officials.
Tax investigation: Detailed SOP in works for DGGI officials
The Central Board of Indirect tax and Customs is considering a directive to address concerns raised by multinational companies during tax investigations conducted by DGGI officials. The directive aims to improve ease of doing business and has received feedback from the finance ministry.
EV firms driving demand for expats; cos increase hiring in tech, engineering, R&D roles
As India emerges as a key player in the global electric vehicle market, companies like Tata Motors and Ather Energy are actively recruiting expat talent, seeking expertise in R&D, engineering, and strategic partnerships to fuel their growth in this burgeoning industry.
Companies enter 'empathy' in CXO search bar
Prominent leaders such as Naushad Forbes, Saugata Gupta, Bharat Puri, Pankaj Arora, and Shailesh Haribhakti stress the significance of empathy in leadership. Companies recognize the need for employee engagement and value leaders who demonstrate both performance and empathy.
Buzz in travel sector leading to more hiring in senior leadership level
The surge in travel post-pandemic has led to a rise in travel employment, with a 37% increase in travel sales and a 179% increase in outbound tourism from India. This has resulted in a demand for senior leadership roles in the travel sector, particularly CEOs and CXOs. The industry is expected to contribute $250 billion to India's GDP by 2030 and create employment for 137 million individuals.
CTOs in limelight as India Inc scrambles to navigate rapid digitalisation
Companies across sectors, from startups and banking, financial services and insurance to technology, conglomerates, manufacturing and healthcare are scouting for experienced talent to drive technology strategy, innovation, transformation and operational efficiencies in a fast-evolving digital landscape.
Professional CXOs dominate India Inc's million-dollar-plus compensation club in FY23
In FY22, India Inc's million-dollar club had expanded by 37% compared to a decrease of 17% in the pandemic-hit FY21. The total compensation of C-suite executives went up 7.56% to ₹4,256 crore, from ₹3,957 crore in FY22. Here, too, professional CXOs amassed the bulk of this increase with the collective compensation for professional CXOs going up by 21.08% while that of promoters registering a decrease of 9%.
India Inc is on the hunt for more and more women executives as it pushes for better ESG standards
Large Indian companies and multinationals are actively seeking senior women professionals for top management roles, driven by a focus on ESG standards and the desire to improve diversity at the CXO level. Investors are also increasingly interested in companies that prioritize gender diversity. Several executive search firms have reported mandates to exclusively look for female candidates for CFO, COO, CHRO, CMO, CTO, CLO, and CEO positions.
C-suite chase: Job companies' search engine going full steam
Last year saw a record departure of 179 managing directors and CEOs from NSE-listed companies against 167 in 2022, as per Primeinfobase data. The search for replacements is also overshadowed by concerns about selected candidates rejecting appointments after the process is complete, something experts characterised as unexpected behaviour at the senior management level.
CXOs much wanted; demand likely to exceed supply in 2024
Hiring action is mostly concentrated at the senior levels due to increased confidence in the economy, said experts. The entry and middle levels are not seeing much action due to the aftereffects of over-hiring in 2021 that are still being felt, they said. Industrial, digital, consumer, healthcare, manufacturing and renewables are some of the sectors that are actively hunting senior talent. The search for independent directors is also high.
Stretched timelines: What’s extending the duration of CEO & CXO searches?
Many seasoned pros are dropping off at the fag end of the notice period even after accepting an offer, said at least half a dozen leadership search companies. This is leaving companies, leadership consultants and even boards in a quandary as the time taken to fill a CEO/CXO vacancy - from the start of a search process till the person joins the new company - has extended more than ever before, said people linked to C-suite searches.
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.
Fight for top talent gets fast & furious in auto space as traditional firms look to hire CXOs to drive EV plans
Amidst a transformative phase, auto companies, both traditional and EV-focused, are competing for senior-level executives. Nearly two-thirds of recent talent moves are within the industry, with EV firms drawing a significant share, reflecting the sector's dynamic evolution and demand for innovative leadership.
This is how you should deal with layoffs during job search
Layoffs have become a common occurrence, particularly in the tech industry. However, it is crucial to begin the job hunt with a personalised approach, examining transferable skills, and devising a list of potential companies and roles accordingly. The interview stage must tackle the "why laid off" question professionally and honestly. Despite the impact of layoffs, it is feasible to consider freelance work or entrepreneurship.
The evolution of CXOs: adapting to transformative challenges
The role of CXOs (Chief Executive Officers, Chief Information Officers, Chief Technology Officers, etc.) has evolved significantly in recent years. They have transitioned from traditional managers to visionary leaders, embracing digital transformation, innovation, and global complexity.
VCs get more involved in CXO search at early-stage startups
This comes at a time when the Indian startup ecosystem has been mired in a spate of financial mismanagement, flurry of layoffs and reports of non-compliance with regulations.
Large local companies ramp up search for CXOs amid macro woes
Leading executive search firms including Korn Ferry India, Heidrick & Struggles, EMA Partners and Insist Consulting have seen a 25-30% increase in CEO/CXO mandates in the first four months of this fiscal year compared to a year ago across sectors such as industrial, manufacturing, commodities, engineering, financial services and healthcare.
Dashboards and how they can help CXOs gain insights
A dashboard is a valuable tool for leaders to capture the most important information in a timely way, facilitating effective decision-making. Key performance indicators (KPIs) for each priority area should be included in the dashboard, e.g. revenue growth by segment or region and sales pipeline growth. Timeliness can be captured by comparing key metrics with the previous year/quarter/month and gauging progress towards the goal for the year.
CXO hiring unfazed by downturn in job market
Even hiring in technology sector - which has seen a sharp comedown overall - continues at senior levels, especially for niche skills in areas such as cloud, artificial intelligence and automation, as companies across sectors focus on digitising businesses. IT services firms with strong global ambitions are still hiring as well.
Search for CEOs, CXOs in India is at an all-time high: Constantine Alexandrakis
In an exclusive interview with ET, Alexandrakis said though the global macroeconomic uncertainty may have its ripple effect, in India, demand for CXOs remains strong as companies seek to rope in top talent who can navigate the post pandemic business environment and drive them into new business and growth areas.
CXO crunch: Core sector companies facing acute shortage of talent at senior management
Executive search firms and industry experts said the problem has been years in the making as talented graduates have steadily moved away from the manufacturing sector.
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