In these days of globalisation and the ‘’competitive environment’’, change is the only constant. Surely, now the tides are turning in the corporate world, gone are the days where a person would join an organisation in his early age and stay on servicing that company till retirement. Today, young professional hop jobs especially during the first 4-5 years of their work life. Times have changed and now people cannot be rooted at one place for long time. It is therefore now proved, that with the advent in technology and knowledge, talent is on the hot seat. Now it’s for one who possesses it dictates and not the one who pays for it.
As Jack Welch says: "Any strategy, no matter how smart, is dead on arrival unless a company brings it to life with people—the right people."
Therefore, now the challenge is how to acquire the right talent and even bigger question is how to retain best talent? While there is no set map or wonder formula to manage talent, the trick is to locate the right talent in the organisation and encourage it. As Tom Friedman puts it across, that in order to compete in this ‘’flat’’ world, one needs to have (well) rounded people. Becoming a well rounded talent requires immense learning and development of skills. Organisations that aim to achieve that, must invest time and energies towards creating enriching workplace environment if they wish to attract and retain the high calibre talent.
It is now the duty of the global HR community to work upon building talent management strategies thereby nurturing the talented workforce. Talent must be spotted, well nurtured and most importantly preserved in the healthy environment.
Right talent for the right job – is the new mantra for organisations.
By Haider Jasdanwala
Proud Trendsetter
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