CXOs Back in Demand as Sun Shines on Economy
Mumbai: CXO recruitment is picking up after a slowdown last year. Executive search firms and experts say there has been a 25-40% increase in hiring mandates for CXO roles since early January on the back of improved economic sentiment, liquidity returning to the system, Indian companies expanding overseas and more clarity on the business front.
All this has led to a f lurry of activity after a slump in 2016 due to a combination of factors such as Brexit, the US elections and excessive pressure on global business apart f r om domest ic concerns such as demonetisation, corporate debt and an uncertain business environment. “CXO mandate has increased significantly since January,” said R Suresh, managing di- rector of RGF Executive Search. “CXO mandates had dropped to 10 or less per month in 2016. This January, we got back to about 15 mandates and till now, in February, we have already got about 10 mandates.” Senti ment appears to have improved with companies embarking on global collaborations, the private equity environment becoming active