Senior executives not averse to switching jobs
of 15% each year,” says Sinha. This is an alarming trend for corporates who are spending huge amounts on getting good talent on board.
Along with this, the “present slowdown in the global as well as the Indian economy has resulted in corporates requiring highly capable leaders to navigate companies, even more so than before. Hence, nonperformers or leaders who are out of sync with the changing dynamic environment are being released and younger and fresher leaders hired,” points out Rajiv Burman, managing partner, Lighthouse Partners.
Some of the key sectors that have seen major movement at senior levels have been in FMCG, telecom, services and -manufacturing.
“According to a recent study the average time a CEO spends at his job today is at an all-time low of two to three years. This indicates that the slowdown is definitely having an impact on length of tenure of a CEO in the organisation,” adds Ronesh Puri, MD, Executive Access.
Expectations from candidates have also increased multi-fold, and not everyone is able to deliver to new emerging demands. “Job deliveries are tougher, expectations are higher, and patience levels of companies has gone down. So, eventually the push factor for candidate has increased,” he adds.
“The Indian hiring market is moving as per international trends where along with strategy, there is very focused execution required; hence only those top managers who can strategise as well as implement will be in demand in the coming years,” says Burman.