Leaders as Talent Strategists by Gyan Nagpal

• ·          CEO’s rate talent as the scarcest resource in business
•       Hundreds of organisations still giving in to the temptation of quick fix & band –      aid solutions rather than deep economic enquiry as the cornerstone of their            talent  agendas.
•      PWC 17^th CEO Survey covering 1,344 CEO’s in 68 countries recognize the      need to change their talent strategy with a majority 61% feeling like they haven’t  even taken the first step
•       4 Steps to be taken to reboot talent agendas and transform them into commercial   and forward looking talent strategy :

      A.   Discover your talent Recipe :

a.     Speed

b.     Cost

c.      Alliances

d.     Flow

e.      Flexibility 

      B.   Diagnose :

a.     Micro Factors – Changing Employee Preferences

b.     Macro Factors – Demand & Supply of Capability 

      C.   Refocus People Manager’s Role :

a.     Shift from Industrial Age to Knowledge Economy

b.     It is more about Capability Contribution across a network of sources

c.      Less hierarchical & More Democratic

       D.   Put Leaders in Driver’s Seat :

a.     Supply of Talent

b.     Networks of outsourced or Contingent Work

c.      Reskilling & Innovating 

Source : Published in Business Today 7th June 2015