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The Times of India Monday December 31, 2007
Bumper year for city in IT hiring |
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The Hindu Business Line Monday December 24, 2007
De-risking the staffing business |
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The Economic Times Thursday December 12, 2007
Career detours:Pursue dreams amid sabbatical breaks |
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The Economic Times Thursday November 29, 2007
Rupee blow : IT cos to go slow on hiring support staff |
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The Hindu Business Line Monday November 26, 2007
Building high performance teams |
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The Economic Times Tuesday November 13, 2007
IT giants fine-tune bench management |
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The Hindu Friday November 2, 2007
IT companies tighten purse strings to cut costs |
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Times of India, Sept 17, 2007
Indian tech campuses turn melting pots of diversities |
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Times of India, August 23, 2007
IT companies create shadow talent pool |
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Economic Times, August 22, 2007
IT companies show the door to deadwoods |
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Times of India, June 26, 2007
Bubble CEOs’ fill vacuum on top |
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DNA, June 15, 2007
Men are top job ditchers, women loyal, says study |
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Economic Times, May 28, 2007
Recruitment Sector gets into M&A mode |
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Times of India, May 03, 2007
Women slam move to ban night shift |
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Business Line, March 06, 2007
Venture Capital firms' move to recruit, retain talent |
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Business Line, March 01, 2007
Union Budget 2007-08 for Women |
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Times of India, Feb 22, 2007
Talent also has a shelf-life |
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'Bubble CEOs' fill vacuum on top |
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Times of India |
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June 26, 2007 |
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Mini Joseph Tejaswi |
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BANGALORE: They are CEOs, CFPs and CTOs. But for no more than a month to a quarter of a year.
Called ‘Bubble CEOs’ because of the short life-span, they are the latest effort to beat the severe scarcity at the top of the management heap.
“Having a hot-seat for a while, before getting into another top assignment is a happening trend among global CEOs who have been around and seen it all. Though they are there for a short-term, they are a highly sought after fraternity in the western world, and now India is slowly taking a similar route." says Revathi Gopal, an executive talent consultant based in Boston.
Finding suitable CXO replacements has become extremely tough for Indian companies across verticals. As a result, executive leasing is becoming a way out. So, do not be surprised if you meet some one who heads and manages three companies, all at the same time on a ‘temp-basis’.
An interim CEO, who did not want to be named, had this to say: “I have 27 years of experience in working across industries and geographies. I’m currently an interim CEO of an MNC firm in Bangalore. They want to hire me full-time. But I like to move on and meet a new firm every quarter or would like to work with more than a firm at a time.”
In India, interim leadership arrangements mostly happen due to the delay in finding a replacement. Or may be the company would have already identified a candidate but he would have asked for some time to join.
“Whatever may be the reason, Indian companies normally do not like to talk about such arrangements as the mindset is yet to change." says B S Murthy, CEO of HumanCapital.
According to Zubin Shroff, MD of Talent Management Group, “Such short-term top talent induction is also common among companies that are looking at new business ideas, fresh markets, a better focus, a corporate re-orientation or a re-jig, a strategy change or a complete re-engineering."
Short-term CEOs are even called in by an existing CEO and his management team in order to help stimulate diversified thinking and ideas.
Headhunters says that seasoned professionals with over 20 years of working experience have been in touch with them to get into such assignments. “In the next two to five years, India will have a large number of such top talent who do not want to get into a year-long commitment, but enjoy taking up multiple assignments in a year." says Nirupama V G, founder of Ad Astra Consultants.
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