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JUNE 19-25, 2016
to be more porous. They tend to share information easily, says K Sudarshan, managing
partner of executive search firm EMA Partners
India. It may sound bizarre but once, while hiring a CEO candidate, the prospective employer
(promoter) called the candidates present boss
(another promoter) for a reference check.
There is something distinctive about virtually every major Indian promoters hiring
style. There is RPG Enterprises chairman
Harsh Goenka, who will spend a lot of time
with candidates, delving into their family,
friends, past experience, past employers, past
bosses. Then there is Vedanta Group founder
Anil Agarwal, who eschews long-drawn interviews. Larsen & Toubro Group executive chairman AM Naik, in his 70s, often meets candidates over breakfast. Detail-oriented and
hands-on, the conversation will be laced with
Waves of Change
Despite these stereotypes, the CXO hiring process is riding the waves of change. Roping in an
outsider CEOs is a trend thats catching on. A
recent study by PricewaterhouseCoopers
Strategy& analysed 12-year data of the largest,
2,500 public companies to find that the incidence of a board picking up outside CEOs in
planned succession has risen from 14% in the
2004-07 period to 22% in 2012-15. Dramatic
shifts in business environment and new technology-led disruptive forces are boosting the
trend. Social media too is reshaping the recruitment landscape, says Sunit Mehra, managing partner, Hunt Partners.
Biplob Banerjee, executive VP, Jubilant
FoodWorks, says with LinkedIn, it is easy to
scan the web and tap their networks to find the
Interview Tips
for Aspiring CEOs
Talk crisp: Avoid being
ambiguous. Be crisp and direct
while responding to questions