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As organizations grow they face the challenge of attracting and retaining top talent. Talent strategies may work fine when the organization is small and has the space to offer challenging and fast growing opportunities. It becomes difficult to sustain the organizational growth and continue to offer the same kind of challenge and career growth for talents.WSJ reports how the Google is also facing this challenge of attracting and retaining top talent. Google had more than six times the number of workers at the end of the first quarter than it had at the same point in 2004, which some former employees say tends to slow decision-making and make it harder for individuals to feel like they're having an impact. Google stock option are beginning to finish vesting for thousands of employees brought on during a big Google hiring spree in 2003 and 2004, lessening the financial incentives to stay. On top of all this, a new generation of Internet start-ups has matured enough to attract top tech...

“The definition of HR transformation has evolved out of a number of perceived and real pressures on the HR function. The function is expected to support the business, provide the right direction for the people management strategy and then execute the strategy. It also has to demonstrate an improvement in value, yet at the same time carry out cost-heavy administration. In response to these challenges, the transformation process that many companies have embarked on involves examining the HR strategy and how it supports the business strategy, and then changing the HR operating model to achieve optimum delivery.” According to the 2006 Global HR Transformation Study by Mercer Human Resource Consulting, half (50%) of organizations are in the midst of transforming their HR functions, while 12% completed a transformation within the past year and another 10% plan to begin the process within the next year. HR transformation is the process of recreating or reinventing the HR function with the spe...

ET reports on the talent crunch at the CEO level in India Inc. “Few candidates allege that search consultants aren’t being transparent enough, luring them into assignments that were very different from what they were told. “I met a company on a search consultant’s insistence, and they made me an offer I couldn’t refuse. Now I find that my job is half of what I was promised. I told the headhunter, ‘You are just a bloody broker’,” says a stung candidate. But is there an honest broker? “It’s an oxymoron. To what extent you can be an honest broker while you are selling a job — that’s often the deciding factor,” Some clients allege that headhunters also try and push the candidate’s compensation higher, so they get a higher cut — a headhunter usually receives up to one-third of the annual package, bonus included. Some firms are said to take on a mandate and pocket a first retainer – one third of the annual salary for the position — even when they know they don’t have the expertise and bandw...

HR competencies and its impact on the role performed by HR has been evolving at a very fast pace, the fast pace of business growth has meant that HR function also reinvents and moves from basis transaction oriented role to more meaty and result driven function having tangible impact on business results and facilitating organization growth and talent development . SHRM article talks about Dave Ulrich, and his associates who have been on a quest to provide the answer to the competencies required for HR professionals. This year, they’ve released an all-new 2007 Human Resource Competency Study (HRCS). The findings and interpretations lay out professional guidance for HR for at least the next few years. The study outlines six future competencies for HR professionals in the days to come. The six competencies and the elements that make them up offer the outlines of what it takes to be successful. The Credible Activist is respected, admired, listened to and offers a point of view, takes a p...

Can HR ever win Nobel Prize? Joseph Rasquinha and Mohammed Zaheer Hussain opine that the problem with HR is that the overdose of irrelevant jargon and a lack of objectivity, measurement and empirical study. What HR desperately needs is a new body of thought which should be termed quantitative HR.’ This should be independent of what present practitioners and theorists of the subject are doing. Quantitative HR should look to take a leaf out of the Economics’ book and start by incorporating ‘measurement of the residual’ which is a major part of econometrics. Today, everyone accepts that HR is important. But very fewcompanies actually practice what they preach and put HR people in strategic positions. If Quantitative HR is in place this will happen automatically, as the statistics will show that the HR people have made a difference to the company. Finally, it is people who make a difference to a subject. The Nobel prizes have been given to people. The possibility of larger numbers of peop...

There’s always this great debate on the outsourcing of jobs to India and other Asian countries from US and European countries, but the times are changing and we are seeing the reverse of brain drain as Indian IT companies are hiring more locals in US. The growth of IT industry has truly lead to flattening of global talent marker as well, we now see talents across different nations are being employed by Indian MNC’s. So with the likes of IBM’s and Accenture’s ramping up fast and increasing talent strength at an all time high pace the war for talent also getting interesting. Business week reports on offshoring in reverse . In the past, Indian companies almost always transferred Indians to work in the U.S. on temporary visas. But now Infosys and other Indian outfits are hiring aggressively in the U.S. The Indians are recruiting a combination of fresh college grads and experienced vets who have worked at American companies. They're especially active at campus job fairs, and unlike a...

When do you decide to quit?? Happiness officer shares his interesting experience- When is it time to quit? It’s a question I keep getting - and no wonder. Leaving a job has become one of life’s biggest decisions. It’s something that may affect every aspect of your life including your finances, your work life, your identity, your family and possibly even your social status and friendships. It seems most of us tend to stay in bad jobs waaaaay too long. I have talked to any number of people who have told me some variation of “I quit my job last year and my only regret is that I didn’t do it sooner.” However, not a single person has ever told me that “I quit my job last year and it was a huge mistake. I should definitely have stayed on.”this does not mean that it’s always the right decision to quit, but it does show that when in doubt, most of us stay on in bad jobs. Perhaps longer than is good for us. He gives his top six tips for finding your quitting point: 1. Give up the idea that you ...

HR talent and competency development has been a cause of concern for industry over the past few years and the growing requirement for quality HR professional is evident by the increasing HR attritions numbers over the last few years. It would be really interesting to analyze the HR attrition data of the organizations in India and look at the reasons for high exits. Gautam , Sanjay and Astha have already discussed this alarming trend which is eroding the credibility of HR professionals due to lack of retention plans for HR attritions. HR as a career option has evolved over the last few years and HR professionals are no more content playing second fiddle as facilitators.Mostly they are continuously struggling to keep pace with the ever growing challenge of managing operational efficiency and contain attrition. Over the years some organizations have been very successful in integrating HR practices as part of their long term business strategy and have even gone to the extent of making H...