Talent Management Challenges for the Entrepreneurs in Post-T Times
Desai, Hemang.
- 2011
The industry today continues to face complex challenges: - Increasing production to meet surging demands. - Accessing newer and sustainable markets. - Managing decline of saturating products in some areas. - Talent Management : Hiring and retaining talents. - Accelerating the development of existing technical professionals. - Operating in increasingly remote and challenging areas. - Exploiting new technologies available to the industry. CHALLENGES during the tumultuous times : - Financial Crisis. - Business downturn. - Political turmoil & instability. - Resource Shortage. - Industrial inaction, Social unrest, etc. - To create employment opportunities, working environment, learning & growth avenues, compensation and retention strategies. The Solutions for success could be to follow the entrepreneurial way : - Cost control measures to be continued. - Key Groups (Task forces) of Employees to be formed. - Process Efficiency to be emphasised by technological upgradation. - Providing honest information to the employees to keep them engaged. - Management consulting to be encouraged for subject expertise. - Maintaining fine balance of commitment, conjecture,...