News Update

CBDT amends Rule 114DA to notify New Form No 49CMarriage trend plummets in China; Down by 20% in 2024Cus - Tata Motors is not required to pay Social Welfare Surcharge (SWS) when Basic Customs Duty (BCD) amount is nil: CESTATSteel Secy says No major impact of Trump’s tariffIndia to inaugurate EFTA Desk to enhance Trade and Investment under TEPAI-T - Re-assessment order is invalid where passed without considering assessee's objections to such proceedings: HCTrump trolls Taylor Swift; says MAGA is unforgivingMaha Kumbh: Special Scheme to provide Quality Ration to devotees2 killed & 23 hurt as bus rams into truck in UPI-T - Sec 149 which prescribes limitation period for initiating reassessment against assessee, is not enabling provision but rather prescription on AO's powers: HCDefence sector powering growth engine of Indian economy: RMKorean Air deemed world’s best airline for 2025CST - Transfer of liquor from Rajasthan to Bihar is an inter-state stock transfer and not a taxable inter-state sale, leading to cancellation of Central Sales Tax (CST) demand and a refund order: CESTATPersonal Income Tax - 'Secret' driver for future revenue growthPM Modi may discuss tariff-reprieve with TrumpBudget 2025 - Will the Nudge work?Trump vows to impose 25% tariffs on aluminium and steel imports from all nationsKey Customs Reforms in Budget - Effective implementation will bring all-round benefitsMacron embraces Deepfake videos to promote AI Summit + unfolds plan to invest 109 bn euroPradhan releases Hindi translation of The Saga of Kudopali: The Unsung Story of 1857Tirupati Laddu case - Heads of 3 Dairies arrestedCabinet okays renaming of Waltair as Vizag railway zoneCabinet nod for extension of tenure of National Commission for Safai KaramcharisUnion Cabinet okays Bill to table New Direct Tax Code in Parliament
 
Building a Resilient Backbone: The Critical Role of Tech-Savvy Finance, Legal, Tax, and M&A Teams in Sustainable Growth

It doesn't make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.

Steve Jobs, Apple Inc.

In today's fast-paced and increasingly regulated business environment, organizations are navigating uncharted waters of growth and innovation. A well-rounded leadership team consisting of a tech-savvy Chief Financial Officer (CFO), a proactive general counsel, and an efficient tax head are essential to ensure financial stability, legal compliance, and strategic agility. However, the current state of hiring for these critical roles is riddled with inefficiencies that can jeopardize long-term success and vision of an organisation.

The Broken State of Hiring in Finance and Leadership Roles

Hiring for senior financial, legal, and tax roles is often a complex and broken process, marred by challenges such as:

1. Time-Consuming Screening Processes: The traditional recruitment process is slow and inefficient, leading to delays in onboarding the right talent.

2. JD and Profile Mismatch: Misalignment between job descriptions and candidate profiles often results in suboptimal hires who fail to meet the organization's expectations.

3. Lack of Time for Background Verification: Tight deadlines and resource constraints compromise thorough background checks, leading to potential risks.

4. Salary Fitment Issues: Inadequate benchmarking often leads to mismatched expectations, either overpaying or losing talent due to non-competitive offers.

5. Cost of Non-Compliance: The financial and reputational damage caused by non-compliance far outweighs the investment in hiring capable professionals.

6. Rising Litigation Risks: As businesses grow, legal disputes and tax complexities increase, underscoring the need for seasoned professionals to manage these challenges effectively.

The Strategic Importance of Getting it Right

- Financial Leadership: A CFO's tech-savvy approach can streamline processes, enhance forecasting, and optimize resource allocation.

- Tax Expertise: Mismanagement in taxation can not only attract penalties but also erode brand valuation and perception.

- Legal and Policy Management: Effective legal counsel ensures risk mitigation, assure board and anticipate risks and red flags in advance. while consistent policy and PR efforts establish thought leadership in the industry.

Hiring the right people at the right time is no longer optional—it's a strategic imperative.

Our Comprehensive Approach to Financial Hiring

At BizStreet in collaboration with TIOL Private limited , we understand the intricacies of hiring for finance, legal, tax, and M&A roles.

We offer holistic, niche recruitment services that address every pain point in the current hiring process.

1. Developing Practical Job Descriptions:

- Customized JDs aligned with the organization's unique needs and strategic objectives.

- Focused on both technical expertise and leadership qualities.

2. Targeted Head-hunting:

    - Clear mandates and target-driven approaches to identify the best talent.

    - Access to a community of over 1 lakh finance, tax, legal, and contract professionals .

3. Screening and Interviewing:

- Our team conducts two rounds of interviews to ensure candidates are both technically and culturally fit.

- Emphasis on skills such as data privacy, cyber security, litigation, PR, and policy expertise.

4. Salary Benchmarking and Skill Mapping:

- Detailed salary fitment analysis to ensure competitive yet sustainable compensation structures.

- Skill mapping to match candidates' expertise with organizational needs.

5. Leveraging AI and LLMs for Speed and Accuracy:

- Using advanced tools to streamline the hiring process, similar to how quick commerce has revolutionized retail and food delivery.

- Enhanced speed and accuracy in short listing and verifying candidates.

6. Flexible Hiring Models:

- We support project-based, full-time, part-time, shared, and hourly resource hiring at senior and domain expertise levels.

Why Choose BizStreet?

- Exclusive Focus: We specialize in financial hiring, including legal, tax, contracts, data privacy, cyber security, litigation, PR, and policy roles at HOD or CXO levels.

- Community Intelligence: Our vast network and market intelligence enable us to identify top talent through word-of-mouth and performance tracking.

- End-to-End Management: From JD creation to final onboarding, we manage the entire process, ensuring consistency and quality.

- Consistency in Policy and PR: Our services extend beyond hiring to include strategic policy and PR support, helping organizations establish thought leadership.

The Call to Action

A strong leadership team is not a luxury—it's a necessity for sustainable growth. Don't let inefficiencies in hiring hold your organization back.

To discuss your hiring needs or senior profile management, reach out to us at contact@bizstreet.biz . Let us help you build a resilient backbone that drives your company's success and positions you as a leader in your industry.


POST YOUR COMMENTS
   



TIOL Tube Latest

Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy