Indian Companies See Highest Churn in CHRO Roles

In the year ending June, one out of every ten CXOs changed jobs, but some executive positions experienced more turnover than others, according to an analysis of 37,000 C-suite movements by staffing firm Xpheno for ET.

Chief Human Resources Officer (CHRO) roles had the highest turnover rate at 20%, with one in every five changing jobs within a year. Followed by Chief Sales Officers (CSOs) at 18% and Chief Product Officers (CPOs) at 15%, the analysis revealed.

The data covered movements over the past year in India’s active CXO talent pool, with a minimum of 10 years of experience, tracking published news, enterprise announcements, and LinkedIn movements. This group of 37,000 professionals grew by 5% over the year, with about 2,000 senior executives being promoted to the CXO level.

In terms of volume, Chief Operating Officer (COO) roles accounted for 31% of the churn, followed by Chief Technology Officer/Chief Information Officer (CTO/CIO) roles at 24%, and Chief Financial Officers (CFOs) at 21%.