Indian organisations face acute shortage of talent: Grant Thornton

Indiainfoline.com 06/03/2009

Amidst the current economic scenario, attrition may not be an immediate issue, the India Market Attrition and Retention Study (IMARS) 2008-09: Human Capital – the critical enabler, undertaken by Grant Thornton India, brings forth significant facts and analyses that will prove to be a long-term competitive advantage which only a few organisations can afford to ignore. On the occasion of launching the report in Mumbai last evening, Mandeep Singh, Client Service Director, Grant Thornton India, identified the ongoing economic scenario as an opportunity to strengthen employer brand equity and said, “Difficult times do not last forever, but while they are there, they should be used to create competitive advantages that would sustain an organisation in better times. This is the time to create a stronger employer brand and build a talent-base that would be an edge over the competition when the economy rebounds.” Anish Tripathi, Partner – Markets, Grant Thornton India said, “An uncertain economic climate can cast have a negative impact on employee morale, and thus create newfound bottlenecks and affect the overall business performance. In these times, HR professionals need to take the harsh decisions that are required, execute them well, and then reaffirm a positive work culture by moving on to build a healthy and positive internal environment, and preparing the employees to face these challenges as a cohesive team.” The work environment, during a downturn, ought not to become such that the key talent starts drifting away from the organisation”, said Vinamra Shastri, Partner – Strategic Services, Grant Thornton India.

http://www.wcgt.in/assets/coverage/060309/Indiainfoline.com.doc