19 Jan, 2022 GlobalData finds 35% rise in CXO new job listings in 2021Posted in Business Fundamentals
Looking back into 2021 leadership hiring trends, CXO* new job listings were on a rise. With around 35% increase in companies’ new job listings in 2021 compared to 2020, there was a continuous lookout for leadership candidates. While a lot of CXO listings could be because of limited hiring in 2020 due to COVID-19, it is still interesting to see that the new job postings by companies were on a constant rise in 2021, observes GlobalData, a leading data and analytics company.
Ajay Thalluri, Business Fundamentals Analyst at GlobalData, says: “Chief Technology Officer (CTO) roles seemed to have gained prominence in the wake of increasing digitization and direct-to-consumer (DTC) strategies in 2021. Listings were not limited to the tech sector alone. Companies in banking and payments, aerospace and defense, insurance, and retail sectors witnessed significant listings for CTOs. Cloud and digitalization themes were at the core to implement technology innovations and strengthen digital infrastructure processes.”
Additionally, around one-half of CXO listings were for Chief Financial Officers (CFOs) and Chief Operating Officers (COOs), making the most consistently listed and sought-after top-level jobs through the year. Most listings for the key roles were in the US and the UK but markets such as Australia, the France and China saw considerable number of roles.
Thalluri concludes: “Listings for Chief Executive Officer (CEO) role were more pronounced in H1 compared to H2. In addition, roles for Chief Marketing Officer (CMO), Chief Security Officer (CSO), and Chief Innovation Officer (CIO) were trending throughout the year.”
*CXOs include – Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Accounting Officer (CAO), Chief Operating Officer (COO), Chief Information Officer (CIO), Chief Technology Officer (CTO), Chief Chief Marketing Officer (CMO), Chief Human Resources Officer (CHRO), Chief Sales Officer (CSO), Chief Knowledge Officer (CKO), Chief Innovation Officer (CIO), Chief Sustainability Officer (CSO), Chief Legal Officer (CLO), Chief Security Officer (CSO), and Chief Analytics Officer (CAO).