Rising Demand for Tech Leaders Amid Slowdown in Broader Hiring
AI adoption drives demand: Tech Inc hiring cold but MNCs, local companies covet its leaders
The Economic TimesImage: The Economic Times
Despite a slowdown in overall tech hiring, demand for senior technology leaders in India is increasing, driven by the need for artificial intelligence (AI) adoption. Both multinational corporations (MNCs) and local firms are actively seeking to fill leadership roles, particularly in global capability centers (GCCs) based in India.
- 01Demand for senior tech leaders is increasing despite a broader hiring slowdown.
- 02MNCs are shifting global tech roles to India, particularly in GCCs.
- 03Compensation for these roles ranges from ₹1 crore to over ₹5 crore per annum.
- 04Hiring for digital and tech leadership roles has risen over 70% in the past year.
- 05AI adoption is central to business strategies across various sectors.
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In India, the demand for senior technology leaders is on the rise, contrasting with a general slowdown in tech hiring. Executive search firms report increased mandates from both tech companies and core sectors, including financial institutions, airlines, and consumer goods firms, seeking professionals to drive artificial intelligence (AI) adoption. Ratna Gupta, a senior partner at ABC Consultants, noted a 20% increase in hiring mandates for director-level positions and above over the past two to three quarters. Roles in demand include heads of global capability centers (GCCs), chief technology officers, and leaders in AI, machine learning, and cybersecurity. Compensation for these positions ranges from ₹1 crore to over ₹5 crore annually. The trend reflects a broader shift as companies in sectors like automotive and healthcare increasingly view tech leadership as critical to revenue and strategy. Over 6,500 global leadership roles are already based in India, with expectations for significant growth in the coming years.
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The rise in demand for tech leaders indicates a growing recognition of technology as a critical component of business strategy, which could lead to more job opportunities and higher salaries in the tech sector.
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