IT companies taking longer to fill corner offices
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.
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
