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Ethos Issue 5, Nov 2008
Global Talent: The War Goes On
Pushp Deep Gupta
2. What are the most effective and innovative practices by leading companies in managing the talent challenge?
3. Looking out at the next five to nineteen years, what can be predicted about the future of work, and how organisations will be managing their workforce?
Emerging from our research, we believe that these represent a global perspective of the most pressing issues impacting future organisations and workforces around the world. We present the identified human capital imperatives under three categories:
Programmes
Organisations need to create high impact solutions for key talent programmes, which include:
•strategic sourcing;
•global talent management;
•customised rewards;
•high-value learning;
•and opportunities for growth.
People
Organisations need to develop high performance and engaging cultures by:
•developing leaders;
•cultivating sustainable relationships;
•building new manager capabilities;
•supporting work flexibility;
•and facilitating inclusive and unified
work environments.
Performance
Organisations need to deploy strategic processes for managing the HR function. These include:
•practising evidence-based HR;
•creating an employee value proposition;
•engaging in continuous foresight
and planning;
•managing corporate citizenship and
stakeholder connections;
•and developing global HR capabilities.
CONCLUSION
The workforce is in the midst of an unstoppable and dramatic transformation. These changes will influence how the work is performed, where it is performed and what skills are required. To survive and be ahead of the competition, organisations will need to be aware of their talent challenges and have the right human capital strategies and practices in place.
Pushp Deep Gupta is a Regional Consultant in the area of leadership. He has been working with Hewitt Associates for the past nine years in a variety of roles in consulting and internal HR across three countries. He moved from India to Malaysia, and then to Singapore where he was responsible for setting up the HR function for Hewitt Associates. He now leads the "Top Companies for Leaders Study" for the Asia-Pacific region, and teaches courses on consulting and management at the National University of Singapore's Business School.
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