C-suite hiring, which had halved following the coronavirus outbreak, is staging a comeback. Companies are looking to fill leadership positions, encouraged by an improving economic environment and business sentiment. Head hunters say the market for leadership searches has reached more than 80% of last year’s level as companies expect the economy to improve. But, Salary packages, however, will take some more time to return to pre covid levels. More sectors have picked up pace and companies are bullish about the fourth quarter. So hiring plans are back on track, said Jyoti Bowen Nath, managing partner, Claricent Partners, a recruitment consultant.
C-suite refers to leadership roles such as CEO,CFO and COO’s. Companies had suspended hiring plans, filling only critical roles -even if the hire failed to meet all the criterion -in the initial months of the pandemic. Some of our partners who had put hiring on freeze have finally dispensed with it. In our business, we can see the impact, and it’s definitely gone back. Everyone is expecting the fourth quarter to be good, said Amit Agarwal, managing partner, regional specialization leader, CFO practice, Stanton Chase, an executive search firm.
Courtesyg: Google (photo)
