TALENT DEARTH

Causes and Solutions

Shivam seth
09MIB053
WHAT IS TALENT?

ABILITIES

SKILLS

KNOWLEDGE
 WHY TALENT IS REQUIRED?
• ECONOMIC PROSPERITY.
• GROWTH OF ORGANIZATION.
The global talent crunch is going to happen, and
there’s nothing anyone can do to stop it –
Delotte’s Diotte

WHAT IS TALENT DEARTH?

• AN ACUTE SHORTAGE OF TALENTED/SKILLED

WORKFORCE.
• Generally, there are two ways of looking at this
shortage:
• Shortage or non availability of potential workers with
Specific skills.
• SHORTAGE IN TALENT IN TURN MAKES THE JOB OF HR
MANAGERS MORE DIFFICULT.
 SHORTAGE MAY BE RESULT OF

 TECHNOLOGICAL CHANGES
 ENVIRONMENTAL CHANGES
 EDUCATIONAL QUALIFICATION
 DIFFERENTIAL WAGE RATES
 TALENT ACQUISITION
 AEIGING WORKFORCE
 BABY BOOMERS
 JOB MISFIT
 WHICH SECTOR IS FACING DEARTH?
• IT INDUSTRY: 3% to 20% revenue on training.
• BPO
• KPO: 2,50,000+ people.
• AVIATION: shortage of 1700+ pilots 10000+
engineers and logistic staff.
• ANIMATION: 10000+.
• RETAIL INDUSTRY.
 SHORTAGE OF ANY KIND CAN BE
ADDRESSED BY
• REDUCING DEMAND
OR
• INCREASING SUPPLY

• REDUCTION is possible through Automation,

Outsourcing & computerisation.
• INCREASE is possible through migration, training,
offshoring, flexibility and optimising workforce.
 ADDRESSING TALENT CRUNCH
• “War of talent is shifting the balance of power
from companies to employees.”

• GOVERNMENT
• ROLE OF EMPLOYERS
• ROLE OF EMPLOYEE
 ROLE OF GOVERNMENT
• REWORK EDUCATION FACILITIES.
• RELAX IMMIGRATION POLICIES.
• TIE UP WITH PRIVATE PLAYERS TO TRAIN,
OUTSOURCE AND RECRUTEMENT OF
TALENTED WORKFORCE.
 ROLE OF EMPLOYERS
• TRAIN AND GENERATE A TALENT POOL.
• PROVIDE BENEFITS AND OPPORTUNITIES.
• RECRUTE SKILLED MANPOWER.
• MOTIVATE PRESENT EMPLOYEES.
• THE ORGANIZATION THAT LACK GOOD EDUCATIONAL
AND TRAINING FACILITIES SHOULD HAVE TO TURN
THEMSELVES INTO LEARNING ORGANIZATIONS.
• HIRE UNDEREMPLOYED, UNEMPLOYED, DISABLED AND
OLDER WORKERS BY CREATING RIGHT ENVIRONMENT.
 ROLE OF EMPLOYEE
• UPDATE SKILLS IN ACCORDANCE TO THE PROFILE.
• STAY IN AN ORGANIZATION FOR A CONSIDERABLE
PERIOD OF TIME AND LEARN.
• GET ACQUAINTED WITH LATEST DEVELOPMENTS.
• PLAN THEIR CAREER.
• GET MOST OUT OF TRAINING.
• SELF MOTIVATE.
Summarizing 
 REFERENCES:
• TALENT CRUNCH ISBN:81-314-0796-9
• MANPOWER ARTICLE NUMBER 9-788131407-
967
• HARVARD BUSINESS REVIEW –FIGHT THE
LOOMING TALENT SHORTAGE FEB 2008.
THANK YOU