Lead Generation – A Case StudyMarch 1, 2012
From Low Cost to Research and DevelopmentMarch 20, 2012
More than 500,000 people lost their jobs only in India in the recent economic set back. Let us take a few moment to Analyze the root cause of layoffs during the down turn of the economy. Proper Talent Management process at each organization could help avoid such situations hence forth.
Now some of the most common problems with the existing Talent Industry:
No proper talent Management systems available with the Corporates
Failure in identifying the talent within the organization
The large and enormous amount of talent pool available in India
Fraudulent Resumes, certifications and qualifications
Look alike resumes
Qualifying a talent based only on academic credentials
High level of Human interventions leading to inconsistencies in the hiring process
Non standardized assessments
Non availability of a global assessment platform
High time that any company avoid a bad hire. A bad hire could lead you to a humongous Loss and intangible to be identified in an early stage if not taken care during the recruitment process. Where and how does it affect?
Cost to the Company
Effects the morale of the rest of the employees
Time and effort
High level of attrition
Lay Offs during the down turn
This calls for corporates implementing good Talent Management and nurturing systems to reduce Lay offs.