Growing at 15-20% year-on-year, Indias retained executive search market has a mix of global search majors, search network firms, mixed model firms, boutique players and even one/two person outfits. Globally, five firms – Spencer Stuart, Heidrick & Struggles, Russell Reynolds, Egon Zehnder and Korn Ferry collectively called SHREK – dominate the executive search space. In India too, their market share is over 50%, say industry insiders.
Compared with a year earlier, the staff count at these companies - Tata Consultancy Services, Infosys, Wipro, HCLTech, LTI Mindtree, L&T Technology Services, Tech Mahindra and Cognizant s India business - were down by 75,000, the sharpest fall in at least six years.
India s largest IT services firm wants to return to a 100% work-from-office model as it believes new employees have missed out on “workplace essentials” such as mentorship, team building, and collaboration thanks to the two years of lockdowns.
Aons latest estimates shared exclusively with ET showed that the unadjusted gender pay gap in the technology sector in 2023 is in the range of 28-30%, while for junior management, it is 8-10%.
Kenneth Llover becomes WBC Asia Continental bantamweight champion after defeating Edward Heno in a thrilling 12-round battle. Llover remains unbeaten with a record of 11-0, while Heno suffers his third consecutive defeat. Read more about this exciting boxing match at Gen. Trias Convention Center.