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Article: Keeping the seat warm

Article from:
The Hindustan Times
Article date:
April 3, 2006
Copyright

NEW DELHI, India, April 3 -- We have all seen it happen - the company reins passing from one generation to the next. But, if there is no heir apparent, organisational heads are groomed from within the organisation after a hectic round of talent scouting.

Times however, are a-changing and company owners are becoming more professional. These days, even Chief Operating Officers (COOs) could be temps hired for a fixed tenure. Says Abhay Nagendra Rao, Senior Manager- Human Resources, SSA Global, "This recent trend can be observed within industry verticals and is often fuelled by the unprecedented growth in the whole industry." The trend is more prevalent in IT and Management Consulting companies ...

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