Education the key to attracting talent globally
21 Dec 2009
With India back on track for growth and the world emerging from the global downturn, finding and keeping talented people is set to become harder. India's corporate competition for the next generation of bright managers is heating up.
For the current and future management needs of most organisations, the key is to attract the best talent. But the best talent will be able to choose among different employers in India and located across the globe who can offer exciting career paths.
How can you become more competitive in attracting and keeping the best people? Organisations that can provide career development opportunities will have an edge, making corporate education a key strategy for thriving in this environment. This might range from developing a corporate institute specifically for your company, through to all levels of external study and internal learning and development. Simply, the best people want to get on; and 'getting on' means learning more.
Competition for skilled talent is expected to become more intense as we move out of the global economic malaise as growth picks up in India and Asia, and returns to larger economies such as the USA, the UK and Europe.
These talent pressures will be particularly relevant to India, with its best and brightest young people more mobile than previous generations. They are also more ambitious and looking for opportunities to learn and develop, acquire leadership skills and advance their careers. This combination of ambition, qualification and ability to use the English language makes them top prospects; for your competitors at home and abroad.
The solution to attracting these best and brightest will not be a matter of paying higher salaries; though this might be part of the answer. Money is always an important consideration, but not the only way to be competitive. This new generation of managers and executives will also scrutinise your credentials in terms of career opportunities and job satisfaction. They will want to know how much learning and development is available to them, from certified education right through to Masters' level.