MyHR on LinkedIn: MyHR restructuring activity 2024 (2024)

More startups in India are on the lookout for Chief Financial Officers (CFO), Rica Bhattacharyya reports for The Economic Times, citing data from executive search firms. For instance, nearly 40% of Korn Ferry’s search mandates for CFOs came from new age companies that are IPO-bound, the report says. Reason? CFOs play a critical role in IPO-preparedness and setting the narrative for the organisation, says Rahul Kakkar, partner and India head, CFO Practice, at Korn Ferry. India is likely to have about 40 IPO-ready new-age companies by FY25, according to earlier estimates from Redseer Strategy Consultants.Startups also want to be secure when it comes to financial planning and analysis, budgeting, planning, ERP systems and data culture, the report adds. The average compensation for CFO talent is around ₹2.5-4.5 crore. Source: The Economic Times - https://lnkd.in/d2k_uA2v✍: Preethi Ramamoorthy📸: Getty Images#CFOs #startupCFO #chieffinancialofficer #IPO

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Sometimes I surprise myself. I was about to write an article I wrote a year ago. It was triggered by another discussion if we have too many chiefs (managers) and too few Indians (workforce) with too much focus on "virtual" (IT) and too little valuation of product.To be a #sustainableinvestment it should be qualified if and how the startup invests into their workers. And yes, that disqualifies the Ubers, the Delivery Heroes and all those other fancy investments that are built on a systematic abuse of their workers. And how the startups impacts real products, which disqualifies 90% (or more) of IT projects I see receiving #impactinvesting.And yes, I call it #raisinpicking, if you focus on climate but fail to address poverty, sustainable living and learning, and all the other U.N. Sustainable Development Goals. That goes beyond #cognitivedissonance, I think this goes straight into #greenwashing.

Family businesses are unique due to several key strengths:1. Operational Excellence2. Generational Transitions 3. Diversified Portfolios4. Strong Talent Management5. Robust Governance Structures#EnterpriseArchitecture https://rb.gy/k796u9

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This is what the local companies doing for their employees.

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In big companies, yes, you're just a number: "Are workers just numbers? Here's what happens behind closed doors when companies retrench".At SMEs like mine, Black Marketing, no, you're a valued member of a boutique professional services firm. You're not just a number.But big firms have brought this on themselves."Karen*, who had joined her previous company for less than a year, felt she was unfairly retrenched when push came to shove. Like Grace, as far as she could tell from her appraisal, she had been producing results.“My company was quite irresponsible,” said Karen, choosing to remain anonymous because she had signed a non-disclosure agreement (NDA).“I felt that we were unfairly laid off, not because of our performance but because there was no need for compensation. So we were the cheapest to lay off.” Those working in back-end departments, such as call centres, HR, finance and legal teams, tend to be more vulnerable to retrenchment, compared to sales staff who help the company gain revenue, said counsel Mathias Goh, who has helped companies draft retrenchment contracts.Some businesses may undergo reorganisation, however, which is when high performers in deprioritised departments may not be spared, he suggested.If a company is in a “big storm” and has “not been captained well”, then “everything is on the table”, said tech start-up investor Jeremy Au, on the question of why high performers might get axed.“Not every (company) has an in-house legal counsel or HR team, and so these decisions aren’t necessarily always professional nor … well-executed. Nor is it the best outcome in the long term.” The biggest gripe for Lionel*, who was retrenched this year, was the lack of notice and transparency regarding the company’s decision. “It was quite shocking,” he said. “I didn’t know how to react.“There were no signs or any clue. We were sent an HR invite. … When I attended (the meeting), I realised that it was a retrenchment exercise.”Indeed, employees are not typically informed in advance about a retrenchment, said John. “Companies keep (retrenchments) very, very quiet … because they don’t want to actually rattle the rest of the company or affect their reputation.” What do you think?If you have been retrenched I would be happy to meet you at the WooBar at the W in Sentosa to discuss your LinkedIn profile and Personal Branding for free and give you free advice on what you can do to become known to employers for free. We also offer a low cost Job Seeker-Personal Branding Service on LinkedIn which now includes a FREE CV to enable you to get a new role, details here :https://lnkd.in/dqWRi6EZ#linkedin #rockstar #mohawk #founder #entrepreneur #personalbranding #blackmarketing #linkedinmarketing #newjob #retrenched #FREECVhttps://lnkd.in/gAgYt6Gz

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Singapore's Labor Market: A Tug of War Between Prosperity and Peril! 💰🌪️On one hand, we're seeing a surge in companies stepping up to increase wages, painting a rosy picture of economic growth. But let's not be blinded by the glitz! 🤔💥The stark reality lurking beneath the surface reveals a darker tale of rising retrenchments, hitting middle-aged professionals the hardest. 💔💼While initiatives like the SkillsFuture top-up scheme offer a glimmer of hope, are they truly enough to shield our workforce from the storm? 🛡️🌧️It's time to dig deeper, question the status quo, and demand robust strategies to ensure every worker's livelihood is safeguarded. 💪🔍What are YOUR thoughts on this intricate dance between progress and pitfalls in Singapore's labor landscape? 💬🔥 #Singapore #LaborMarket #EconomicProspects #Retrenchments #Upskilling

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The CEO Pay Gap: India vs. USA – A Deep Dive.In the domain of corporate governance, one of the most debated and scrutinized topics is the compensation of Chief Executive Officers. The disparity in CEO pay has been a global concern, with varying degrees of attention in different countries. This article delves into the CEO pay structures in two economic powerhouses, India and the United States, shedding light on the factors influencing CEO pay in the Indian corporate landscape, contrasting compensation structures in both nations, and exploring key differences in pay components and structures...https://lnkd.in/eHWCfzYM#leadership #ceo #usa #india

🚀 Exciting News Alert! 🚀We are thrilled to announce that we have started chartered accountants on 21st April 2024. With a deep-rooted passion for various fields in chartered accountancy, we're embarking on a mission. Grateful for the support thus far - join us as we turn aspirations into reality! 💫#newbeginning #Audit #taxation #consultancy #Startups #riskmanagement

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