(From left) Suresh Pandilwar, Suresh Rathi, Dr Amjad Khan and Neelam Bowade at the VIA event.
Dr Amjad Khan, General Manager (HR) of CEAT Limited, while speaking at the session on ‘War For Talent’ held here recently at VIA Hall Civil Lines highlighted that hard work and patience are essential for nurturing talent. The session was organised by the HRD Forum of Vidarbha Industries Association (VIA). At present many organisations are struggling to hire the best talent that could help them see potential threats and grab new opportunities.
And thus the objective of the session was to guide the participants in this regard. Dr Khan further said, “ Industry is facing a war for talent - against competitors and other industries. In today’s globalised world, employees have more choices than before.” Revealing the history behind the term ‘War for talent’, Dr Khan said, “It was coined by Steven Hankin of McKinsey & Company in 1997.” He added that it refers to an increasingly competitive landscape for recruiting and retaining talented employees. Khan also said that war for talent has always existed.
“But, today, it is not just became challenging, it is very complex. The reasons behind this are gap in skills, and talent shortage, changing demographics, changing face of talent and business turbulence. Everyday, people are grappling on how to look at businesses.” In the globalized world, employees have more choices than before. The new generation has a culture of high expectations while the pay and benefits scene is outdated and people want bonus for the extra work they do. Today’s manpower does not demand only salary. They also need a purpose and meaning in the work they do.”
Suggesting solutions on how to win the war for talent, Khan led to the belief of having more sophisticated techniques to attract, engage and retain individuals. He mentioned points like reshaping jobs, helping employees reshape life outside work and the balance of skills. He placed the responsibility on HR officials to focus on the growth and engagement of internal people by having strong channels of communication and platforms of reward and recognition.
The session was followed by an interactive session where Dr Khan replied the queries being asked by the participants. Earlier, Suresh Rathi, Vice President of VIA, welcomed Dr Khan with floral bouquet and in his welcome address, Rathi stressed upon the relevance of the topic in this era of the lucrative start-up culture. He said, there was a time when investors did not provide capital for start-ups. Convener of VIA HRD Forum, Neelam Bowade, conducted the session and also introduced the speaker. Co-chairman of the forum Suresh Pandilwar, proposed a formal vote of thanks. Anita Rao, Sanjay Johari from Eros Group; representatives from KEC International, Lupin Limited, Bajaj Steel Industries, Reliance JIO Infocom Ltd., NTPC Mouda, R C Plasto Tanks & Pipes, and HR professionals were prominently present.