Since the emergence of the COVID-19 pandemic, the work culture in organisations around the world has been rapidly altering. The paradigm shift in employment practices has brought enormous changes in the way organisations operate.
While it did not take the pandemic to make businesses realise that recruiting permanent talent was more expensive than hiring temporary CXOs, it has definitely expedited the shift across industries. Companies were already practising various asset-light models, but the adoption became far more prominent during the global crisis. The percentage of companies that used interim CXOs has shot up in recent times, and the practice has since been more widely accepted. It would be safe to say that the pandemic has set the tone for the broad adoption of the asset-light model.
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