Se­nior ex­ec­u­tives not averse to switch­ing jobs

Hindustan Times (Chandigarh) - Guide - - FRONT PAGE -

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.

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