Leadership hiring in IT firms pick up amid expectations of economy growth post polls across the globe

After a dry spell of almost a year, the Information Technology sector has re-started hiring for leadership roles. As per The Economic Times report that quotes executive search and recruitment services firms, IT companies are looking to fill pending positions at leadership and senior levels and for new roles in anticipation of things looking up with elections getting over in India, the US and the UK.

IT hiring re-starts

The report mentioned that IT companies are expecting greater certainty and a more promising environment for growth post elections. Due to this recruiters are seeing a rise in the number of search mandates for senior IT talent to be closed in the next few quarters.

"We are seeing green shoots after almost two years of lull in searches. Tier-2 companies are looking for C-suite talent. Even the tier-1 set of IT firms have opened searches in a decent way. Many are even looking at candidates from the diversity and inclusion lens," Ratna Gupta, senior partner at ABC Consultants, an executive search and talent advisory firm told The Economic Times.

Gupta also revealed to the publication that there are at least 20 search mandates with ABC for senior tech talent compared to none about a year ago.

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The Economic Times quoted Mphasis CHRO Ayaskant Sarangi and said that the firm has bolstered hiring in its Europe business, Insurance vertical and AI business.

"Across geographies, capabilities, and domains, we continuously look for senior talent both internally and externally whose expertise aligns seamlessly with our vision, ensuring a well-knit team for growth. We have recently bolstered our Europe business, Insurance vertical, and AI business through external leadership hires", Ayaskant Sarangi told The Economic Times.

The experts also told the publication that earlier conversations were taking place regarding hiring but now companies are springing into action to close mandates. Puneet Malhotra, partner - Global Technology & Services, Asia Pacific at Heidrick & Struggles, a leading executive search firm told the Economic Times that there is demand for tech talent by Indian IT companies for the North America region. "We currently have over 10 search mandates for the US alone. This is mostly CXO-1 positions."

Likewise, the report quoted Pranshu Upadhyay, regional director at Michael Page India and said that there is an uptick of 26% YoY in senior leadership hiring in the tech ecosystem for roles like CTO, CEO, sales, product, design, and engineering heads.