Archive · 18 Jun 2025
Executives Hesitant to Switch Jobs Amid Economic Uncertainty
Many top company leaders are staying in their current jobs because they are worried about the economy and world events.
Companies are taking longer to hire people because both the companies and the candidates are being careful.
People are scared of being the 'last one in, first one out' if things get worse.
This caution is affecting hiring across various sectors, and even those at lower levels are hesitant to change jobs.
Top executives are hesitant to switch jobs due to economic uncertainty and global conflicts.
Hiring timelines have increased significantly as candidates are cautious about new roles.
Geopolitical instability has led to subdued hiring in some sectors.
Performance appraisals have been completed with some sectors reducing promotions or deferring hikes.
BFSI sector hikes were lower this year, and recruitment pace is expected to decrease.
- Who
- Top executives and companies are affected by the slowdown.
- What
- Executives are hesitant to switch jobs due to economic uncertainty.
- When
- Hiring timelines have increased recently, and this trend is ongoing.
- Where
- The impact is seen in the BFSI and IT sectors.
- Why
- Uncertainty and geopolitical instability are causing caution in the job market.
Companies Perspective
Candidates Perspective
Risk Aversion
Companies Perspective
Companies are cautious about hiring.
Candidates Perspective
Candidates are cautious about switching.
- Hiring Timeline Increase
- 7-8 months + 3 month notice period
- Average Pay Hike (India)
- 8.8% (Deloitte) - 9.2% (Aon)
- Sectors with Uptick
- Alternative Investment Funds, Private Credit, Private Banking
- Recruitment Slowdown
- Expected 7-10% decrease in middle to senior roles in BFSI