The fragile economic scenario has forced IT companies to delay closures. IT and technology firms are taking longer to fill corner room vacancies. Senior management positions are taking up to 6-8 months to be filled, a sign that business is slowing down and managements are not in a hurry to fill vacancies. In good times, vacancies get filled in 2-3 months. The long gestation is also indicative of growing wariness among senior execs to switch jobs, a phenomenon visible in times of economic slowdown. Vacancies for director level positions (senior VP roles) in Dell, Microsoft and Oracle in India are said to have been open for a fairly long time, which in the normal course would have been closed in less than 4 months.
Source: The Economic Times