Talent Crisis

Talent strategy needs to have weaving elements of care, concern, flexibility and openness

May 1, 2022

The dimension of career growth continues to be a significant factor in talent value proposition; However, the proposition of long-term growth needs to be balanced with a short-term line of sight. The challenge before HR is clear - the need to create flexible work systems which are iterative in nature, constantly being calibrated to balance productivity and culture elements.

After much hyped global Great resignation, do you feel it has affected India also? If so, how and to what extent? Is it limited to tech talent or spread to all sectors?

SB When Dr Anthony Klotz, Professor at Texas A&M, first used the phrase “the Great Resignation is coming”, probably even he might not have anticipated the prophetic accuracy of the statement. Five months down the line, US recorded an unprecedented attrition of 68.7 million people; between November 2020 and November 2021. The term ‘Great Resignation’ soon gained traction!
Primarily it refers to the large scale mass attrition which happened in the US and other developed countries; on account of changing priorities triggered by the pandemic. It alludes to the disproportionately large number of resignations which were triggered not on account of usual factors like professional advancement, but by the recognition and reprioritisation of factors like family time, remote work, commuting, passions beyond work, well-being and their importance in...

Sanjay Bose

Sanjay Bose is a consummate HR professional with 25 years of experience and currently heads Human Resources for the hospitality business of ITC Ltd. (ITC's Hotel Group, Gurugram).
He has served on various professional bodies and is currently on the National Committee of CII for IR, National Committee of CII for Skill Development, CII Regional Committee (North) for HR & IR and also Advisory Committee for National HRD Network - NCR Chapter. He is on the Executive Committee of the global Sustainability Hospitality Alliance based out of London, UK. His contributions in the field of HR have won him multiple accolades including CHRO of the Year-2019 by Business World.

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