MANAGING in the

NEW WORLD

The human resource management stream has for long complained about talent or the lack of it in the existing market. This shortage was first referred to in an article by McKinsey. But now the problem is so well understood that talent management as a domain has become a full time vocation for the HR department. McKinsey’s report was initially meant for senior managers but now this crisis seems to have permeated to all levels. However, this crisis has also baffled many who feel that this is simply an excuse for not managing to recruit the best of the lot available. If anything universities and institutes across the globe are producing better trained professionals than ever before. Mobility has also increased and young professionals are ready to venture beyond borders. A case in point could also be the military which recruits so much raw talent that has never fired a gun or driven a tank. Yet West Point or Sandhurst still manage to train these recruits.

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