Wednesday, April 11, 2012

Winning the War of Talent

We see around the world that there is an economic down turn, profits are getting lower than ever and companies are looking across the border for more opportunities. The same behavior is seen in the telecom industry. When these companies go to some other country they have to face a problem. They have to fight a war for talent, a talent which company can use on proper place and time. A talent which is of no use to the company is a waste for a company. There is a competition between the companies to win the best talent for them. In order to win this war a company takes help of executive coaching and telecom training.
Executive coaching helps when a company wants to recruit and retain a person with skills, knowledge and experience; No matter what the company uses at the end of the day company will have human capital with enough skills and knowledge to achieve future targets. That's why it is always advised to managers to do future oriented talent management.
Talent management is a dynamic process which allows organization to get appropriate talent from the market or develop right talented people through different type of trainings. Such type of planning ensures success in which the organization will not only get its desired goals but will also acquire the best of the talent of the market.
Many people ask that what talent attraction is; it is basically a process of attracting people who have the right skills for a specific position. There is a lot of unemployment in the market and there are different people with different skills. Attracting the right person for the right job is talent attraction.
What successful organization does is that they make it clear to the people out in the market that what opportunities they will get and what career path ways they will have if they join their organization.
Through executive coaching managers can not only motivate the current employees of the organization but they can also attract talented people present in the market, they can motivate those people to be the part of the organization. Besides that it also helps organizational managers to retain key people of the organization but retaining those key talented employees is not an easy task to do. Managers have to use different tools and tactics to do that and among those tools there is one popular tool called telecom training. If employees are given different types of talent developing courses and training like telecom training, they will develop a feeling that the organization is interested in their career development and the organization have some plans for them in the near future. Such practices also lead to successful succession programs which are only possible when human resource practices are integrated across the life cycle of an employee.
If no talent management is done than what risks can be faced by an organization. There will be gaps in leadership pipe line and problems in the development of skills for the future programs. It is also possible that wrong skills may be developed, which destroy future goals. There will be lack of new blood, innovation and new ideas. These are some of the risks related to organizational success. If there is no talent management then employers of an organization also faces problems like lack of loyalty, lack of engagement and motivation in the organization. That is why it is important for every an organization to win the war of talent and always keep on managing the talent in the organization.
The Madinah Institute for Leadership and Entrepreneurship (MILE) brings senior executives and high potential leaders from all over the world for executive education and executive coaching to discover new dimensions in Leadership Development, Good Governance, Telecom Training, HR Performance and various other Leadership and Management practices to help them grow in their business careers. MILE is a CSR initiative of Savola Group's CSR Programs and grew to be a collaborative initiative aims to attract the contributions and support of many other companies, academic institutions, research & consulting organizations and professional groups.

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