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Talent Management – A brief perspective

This brief overview of talent management explores essential processes, such as defining roles, encouraging collaboration, and creating clear career paths. It highlights the challenges faced during economic downturns, like low employee morale and reduced training, against the backdrop of a booming economy where attrition rises and critical roles become more threatening. The article draws insights from the IBM Global Human Capital Study, emphasizing the importance of leadership, succession planning, and adapting to remote work. It concludes with practical advice for entrepreneurs on managing talent effectively.

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Talent Management – A brief perspective

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  1. Talent Management – A brief perspective 27th Feb , 2012

  2. Understanding the basics ... • The basics of every talent management process • Ability to explain to a person what he/ she needs to do • Ability to make him / her collaborate • Ability to show a clear career path • Ability to encourage them to engage better

  3. Challenges during a downturn ... • During the business recession, the entire focus shits to protecting the current assets and market position • The employee morale is low • Lack of focus on training and development as there is a larger drive to relook and rationalize manpower and training & development costs • Investing time in developing the leadership bench becomes difficult the market pressures of lower margins and realizations

  4. Challenges during an upturn... • During the business boom, the imminent reality is that critical role holders have multiple options at the market place • Attrition across various levels • Lack of focus on training and development as customer acquisition and order fulfillment take priority to developmental initiatives • Investing time in developing the leadership bench becomes difficult due to imminent business growth

  5. The Indian Scenario... Source: ‘Winning the race for talent in emerging markets’; Harvard business review 2008

  6. What the pundits say... IBM Global Human Capital Study

  7. The future trends and challenges ... • Leadership and succession planning • Competency management • Ability to delegate • Intense hiring competition – the global resource pool • Retention issues will increase dramatically • Remote working model – quantum change • Analytics and new metrics • Backward looking to forward looking • Moving from the use of social media to mobile platforms • 2011 – year of the social media – 2012 – mobile platforms

  8. Take-aways for entrepreneurs ... • Ask the right questions • Attrition Vs Critical roles • Leadership – You ability to grow rests in your ability to delegate and create a flourishing leadership bench • Constantly engage with your employees • Town hall • Undercover CEO • Do not worry about attrition – it is here to stay

  9. The proof of the pudding ... • EYU

  10. Thank You …

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