LEADERSHIP SEARCH FIRMS
India Inc now picks its C-level champions from indoor pool
Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.
BFSI captives hunt for leadership talent
Executive search firms ET spoke to said candidates from product organisations are tapped for technology hiring, and for non-technical roles, domain and functional expertise remain paramount. Compensation ranges at around Rs 1 crore for those with 18-25 years of experience. For CFO roles, packages could be in the range between Rs 2-4 crores.
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.
MNCs now offer best salary package to seasoned professionals to scale up their GCCs in India
Industry leaders report that multinational corporations are offering substantial compensation packages to recruit experienced professionals for their global capability centers (GCCs) in India. Over the past two years, there has been a noticeable increase in GCCs offering annual salaries ranging from Rs 3-6 crore to specialized leadership talent.
Crisis-ridden Boeing hopes for quiet annual meeting
Boeing's annual meeting is fraught with tension as shareholders may rebuke CEO Dave Calhoun. Glass Lewis and ISS oppose Calhoun's nomination and pay package. New Chair Steve Mollenkopf plays a key role. Safety concerns linger after Alaska Airlines incident and 737 MAX crashes.
D2C brands step up hiring to drive offline push
D2C (direct-to-consumer) companies in Bengaluru are increasing their offline presence and hiring talent to support their brick-and-mortar expansion. Licious, Noise, and Wakefit.co are among those seeking individuals with hyperlocal understanding, online and offline expertise, and experience in digital, ecommerce, and supply chain. Wakefit.co is employing a 'train and hire' approach, training freshers before they start in stores.
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Digit cuts valuation for IPO; Internet firms vs Google in NCLAT
Insurtech startup Digit is eyeing a discounted $3 billion valuation through its proposed public offering. Details on this and more in today’s ETtech Top 5.
BDO India introduces executive search services
As part of the global BDO organisation, the firm is looking to cater to the requirements of both domestic but international businesses.
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.
Executive search space heats up on the back of growing demand for leadership talent
Growing at 15-20% year-on-year, India’s retained executive search market has a mix of global search majors, search network firms, mixed model firms, boutique players and even one/two person outfits. Globally, five firms – Spencer Stuart, Heidrick & Struggles, Russell Reynolds, Egon Zehnder and Korn Ferry collectively called SHREK – dominate the executive search space. In India too, their market share is over 50%, say industry insiders.
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.
Senior-level IT hiring rebounds; China's BBK group resets India sales strategy
Indian IT companies are back headhunting for senior roles. This and more in today’s ETtech Top 5.
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.
CXOs feel the heat amid high expectations, low tolerance
Indian CXOs encountered career-threatening events at least once last year – 23% said it was due to board disputes, according to an upGrad Harappa study. Public relations issues, economic downturns, cybersecurity breaches, market changes, regulatory/compliance matters and M&A challenges were among the other issues that leaders had to deal with, that posed a risk to their careers.
Hiring activity falls 8% in February, says Foundit Insight tracker
Hiring activity in the country fell 8% YoY in February, but improved 3% sequentially. Manufacturing and energy sectors showed positive momentum. Production and manufacturing rebounded. Telecom/ISP, home appliances, media, FMCG, and chemicals sectors grew. BPO/ITeS, office equipment/automation, health care, advertising, and banking/finance sectors declined.
India’s API industry faces high leadership talent churn: Report
Talent churn in manufacturing leadership is currently at about 40% and the trend is expected to continue, given the demand supply gap with the API industry attracting robust investments, the executive search firm said in a report on Thursday.
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.
Leaders have to navigate through a maze if they decide on M&A
Corporate leaders aim for business growth through both organic and inorganic means. While organic growth is seen as the primary driver, inorganic growth through mergers and acquisitions can be a faster and practical path. Understanding the strengths and weaknesses of the organization is crucial for corporate leadership. If the vision cannot be achieved alone, M&A should be considered.
BFSI firms ramp up legal teams
Demand for legal and compliance professionals in the BFSI sector has surged, with companies making key appointments to strengthen regulatory adherence. There has been a sixfold jump in managing director level movement in legal and compliance functions. The need for skilled senior compliance professionals has increased, especially in the BFSI sector. Financial institutions are recruiting senior compliance officers to ensure customer protection and market transparency. The recent regulatory emphasis has fueled the demand for experts in compliance roles.
The making of a chief strategy officer: Traits, skills and abilities
The role of the chief strategy officer (CSO) is to set and steer the firm's strategy. The CSO plays a pivotal, cross-functional role within the company, designing and implementing various strategies. They collaborate closely with other executives and departments, matching business objectives with internal capabilities, competitive landscapes, and market trends.
PE, VC firms strengthen India leadership teams
A booming IPO market and dealmaking activities in venture capital and growth equity at reasonable entry valuation are also fuelling the need for talent both at the senior and execution levels, said executives.
Promotions boost gender diversity: More women get partner roles now
In a trend catching up fast, India's top law firms are playing fair in gender diversity and promoting an increasing number of high-potential women lawyers to partner level and are going extra mile to retain them, industry insiders said.
Global capability centres shell out premium to hire top talent
The MNCs are also moving an increasing number of global and senior-level roles to the GCCs in India. This is prompting them to woo top talent by paying higher than the compensation offered by many in the technology industry including products, services and tech-enabled startups (barring a handful of large IT firms), they said.
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.
Big 4 firms expanding talent pool, promote young partners amid rapid growth and shifting dynamics
Top-tier consulting firms EY, Deloitte, PwC, and KPMG are rejuvenating leadership by promoting younger partners to navigate rapid growth, increased regulatory scrutiny, and technological shifts. The average age of new partners has decreased to 33-35, boosting diversity and talent pool expansion.
The CEO Hunt: Small banks grapple with the search for top executives
For many old-generation private and small finance banks, financial constraints prevent them from offering competitive salaries required to attract candidates with a profound understanding of the evolving economic landscape.
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.
Wanted: Human resources to steer Artificial Intelligence
The growing recognition of AI's transformative potential, and its role in giving a competitive edge, optimising operations, personalising customer experience and driving innovation, have led to a sharp rise in such mandates, say job search platforms and headhunters including foundit, ABC Consultants and Michael Page. Small and mid-sized boutique firms and multinationals' global capability centres are also driving the trend.
Class of 2024: The sectors and job roles that will rule the year ahead
It is no secret that the idea of going to college for most people is to find a job. But that is a vague goal. Your aim becomes sharper only when you narrow the search by using parameters such as skill sets, requirements, remuneration and growth prospects, among others.
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