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CXO hiring likely to touch a new record this year

Demand is coming in across sectors - led by digital and tech, but also buoyant across consumer, manufacturing, infrastructure, industrial, banking and financial services, automotive, clean energy, healthcare and lifesciences, among others, experts said

Source | | Sreeradha D Basu | Prachi Verma, ET Bureau

Wanted: talent at the top. Companies across sectors are desperately seeking senior leaders and CXOs to steer digital transformation, drive growth and restructure businesses in a post-Covid world, setting the stage for a year that may outshine what has been a record-breaking FY22 for many, leading executive search firms have said.

“Everyone is hiring,” said Atul Vohra, managing partner at Transearch India. “Companies have realised that there is no dearth of financial capital and business opportunities. If they get the third leg of the stool, that is human capital, then nothing can stop them.”

He said the demand for senior executives is unprecedented. “Companies are going all out to lure them with ESOPs, equity participation, long-term incentives, etc,” Vohra said, adding that these executives can virtually pick and choose because demand is far outstripping supply.

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