News South Asia

 

CHIEF RISK OFFICERS

Due to increasing complexities of doing business and enhanced regulatory oversight, risk management is now at the top of any corporate′s agenda, making the chief risk officer (CRO), a genuine C-suite position. "According to Korn Ferry′s Top 15 for 2015, this, in fact, is the most in-demand C-level position for the year ahead, across the globe," says Monica Agrawal , partner and head of financial services at executive search firm Korn/Ferry International.

 

Sectors

 

Any sector that is regulated, such as banking, healthcare, insurance

 

Pay

 

Rs 1.5-2.5 cr (With a higher fixed component; variable — about 25%)

 

DIGITAL MARKETERS

India′s internet population has crossed 200 million, making it the second highest in the world. There is thus easy access to a highly-targeted audience and higher customerbuying chances unlike other media. This is where the requirement of digital marketers comes in.

 

"Companies are excited to invest in digital marketing. These jobs involve end-to-end execution of marketing projects and campaigns," s ays Ritupa rna Chakraborty, cofounder and senior VP, TeamLease Services.

 

Sectors

 

Companies across sectors

 

Pay

 

Rs 1.5-2.5 cr Rs 1-4 lakh at the entry level; at the senior level, over Rs 50 lakh

 

GENERAL COUNSEL

Organisations are viewing the legal function as a business partner and are looking to recruit legal professionals with a contemporary outlook. Large Indian organisations are also anticipating better growth in the coming years and are seeking to expand their business in newer geographies.

 

Hence, they are looking at people well versed in international law. "The function is witnessing great traction as we see younger professionals taking up positions of higher responsibility," says A Ramachandran, client partner, EMA Partners India.

 

Sectors

 

Across sectors.

 

Specifically in automobile, pharma, ecommerce and digital

 

Pay

 

General counsel for a large firm — in the region of Rs 1.5 cr and more, depending on seniority, complexity of the role

 

RETAIL (MERCHANDISE) PLANNER

Organised retail penetration is expected to increase from 7.5% in 2013 to 10% in 2018. Also, e-commerce is expected to be the next major area for retail growth.

 

"The responsibilities of planners can include research, sales, tracking, employee training, buying and maintaining the visual aesthetics of the store," says Rituparna Chakraborty, cofounder and senior VP, TeamLease Services.

 

Sectors

 

Retail/wholesale sector, including ecommerce/online retail

 

Pay

 

Rs 2.5-6 lakh at entry level

 

HEAD, MANUFACTURING (BIOSIMILARS)

The demand for biosimilars is skyrocketing globally and India is expected to be one of the most significant players in the coming years.

 

"However, when it comes to manufacturing heads of biosimilars, there is a serious dearth of home-grown talent, which is why companies often bring in expats.

 

It′s a niche job but highly in demand," says Kris Lakshmikanth, chief executive of The Head Hunters (India).

 

Sectors

 

Pharma & life sciences

 

Pay

 

Experienced manufacturing heads command salaries of Rs 1 cr-plus

 

INDEPENDENT DIRECTORS

Organisations aim to improve governance and bring subject matter expertise to the board as also implement changes in the Companies Act, 2013. "Companies are looking for someone who can be a trusted advisor to the CEO and add strategic value," says Monica Agrawal, partner and head of financial services at executive search firm Korn/Ferry International.

 

Sectors

 

Across the board

 

Pay

 

A non-executive director (NED) receives remuneration by way of sitting fees and/or commission as defined by The Companies Act, 2013. Most NEDs are financially secure and have a certain repute in the corporate world. Compensation is not key; they are looking for a challenge and to add value to organisations.

 

PRODUCTMANAGERS

The growth of the online industry has spurred the demand for product managers across front end, back end and mobiles. "The demandsupply gap is huge with a supply base of 4-5 companies and demand coming from 25-30 reasonably strong internet companies. Companies are looking to hire fresh MBAs from campus and groom them into product roles," says Anuj Roy, partner, digital practice at executive search firm Transearch.

 

Sectors

 

Online

 

Pay

 

Depending on scale of the business, the product head′s salary varies from Rs 60 lakh to Rs 1.5 cr Mid-manager range: Rs 30-60 lakh

 

SENIOR IT PROFESSIONALS

The hiring pattern is strong across all levels in the IT/telecom industry and this is the best time for senior IT professionals.

 

"Job opportunities have doubled for senior professionals with over 20 years′ experience; we saw a recent an increase of 67% in the third and fourth quarters.