Key Points
Mumbai: Senior-level hiring is taking time to hit the bullseye, as companies want to scrutinize candidates history of competence and behaviour over as long as 10 years, and candidates in turn sit on the fence, waiting to be sure before jumping in after having burnt their fingers earlier..
Companies in the IT, product services and retail sectors, for instance, want search firms to look into the past decade of candidates selected for CXO posts..
On the candidates part, many CXOs are now regretting their decision of shifting firms quickly during a hiring frenzy about 16 months ago..
. "Over the last 6-8 months, while mandates have opened up, companies are talking long to close positions," said Anshuman Das, chief executive and co-founder of Careernet, a talent solutions provider..
Hiring companies are paid a certain percentage of the compensation of the candidate and if the person leaves before six months, the search firm will have to get a replacement without additional fees..
