Top Execs Put Stability First as Job Market Cools

Top executives have turned jittery about switching jobs at a time of uncertainty, headhunters at top recruitment firms said, preferring stability to the risks of a new workplace.

- Devina Sengupta

Top executives have turned jittery about switching jobs at a time of uncertainty, headhunters at top recruitment firms said, preferring stability to the risks of a new workplace. Consequently, hiring timelines are lengthening, as potential candidates drag feet since they don't want to be the 'last man, first out' in a new role.

Chaos over tariffs and conflicts has made many companies unsure of demand from clients and consumers, and senior executives sensing the uncertainty are choosing to stay put. This comes after a season of muted performance appraisals.

"The geopolitical crisis has led to subdued hiring in some sectors due to uncertainties, and this may continue for some time. People are wary that the last person in may be the first person out if these crises deepen," said Navnit Singh, chairman and managing director of executive search firm Korn Ferry India.

In the hiring pyramid, headhunters at the top find candidates for CXOs or top-level executives, followed by recruitment companies which place junior and middle management executives, and finally, staffing firms which provide workers for companies who remain on the firm's payroll.