MANAGING in the

NEW WORLD

The modern trend especially among youngsters of quickly moving over to other jobs, has created certain unique challenges. Talent management now includes an understanding of the risks involved. Organizations must not suffer indiscriminately due to decisions taken at individual level. Some steps have been recognized which must be taken into consideration while undergoing any such analysis. First of all, the entire talent pool needs to be assessed and categorized as per level of likely departure, future requirements and criticality. The ones whose skills are most in demand need to be prioritized at first. That talent risk can be mitigated by using certain strategies such as capturing the knowledge, outsourcing of certain tasks or developing innovations from within the ranks. Benchmarks must be established to check the progress made in such mitigation measures. This must involve both the employee retention levels as well as the rate of knowledge transfer to more stable personnel.

source:http://www.huffingtonpost.in/entry/how-adept-are-you-at-mana_b_12641044

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