In organised retail particularly, which is an entirely new sector in India, there is a huge demand for senior executives with experience in developed markets. For 65-70% of the top posts, Korn/Ferry International considers Indians working abroad. In the past people who left the country for higher studies or work never returned. But now they have done it all and India has a lot to offer,with top level salaries going through the roof, said Deepak Gupta, country head and MD, Korn/Ferry. Salaries have more than doubled in the last two years, especially in financial services, he said.
Perry Madan, associate partner, Elixir Web Solutions, agrees that corporates, particularly in retail, are preferring executives with exposure to foreign markets. Many companies are telling us they need people from outside as they have got the desired skills. Last year, the recruitment process outsourcing firm filled about 10% senior management posts in retail with such executives.