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`Talent management is big challenge'
Our Bureau
New Delhi
,
Nov 10
While technology companies globally recognise the significance of managing human capital, most companies lack the capability to manage issues pertaining to talent management and retention of employees, according to a PricewaterhouseCoopers report. Titled `Technology Executive Connections - Successful Strategies for Talent Management,' the report has found that technology companies are exploring offshore destinations in search of talent.
However, amid the growing concern that there would be shortage of talent in the next 3-4 years. According to the report, 41 per cent of all technology companies indicated difficulty in finding talent in emerging markets and another 48 per cent expressed difficulty in retaining this talent.
In addition, emerging markets have experienced a rise in tech salaries - a direct result of the intensifying need for talent.
Mr Mohinish Sinha, Associate Director, PwC, said: "Competition for talent has never been as fierce as it is now. Technology executives must upgrade human capital management in their companies and create innovative programmes in order to attract and retain the best people."
He added: "The technology industry has experienced steady growth in hiring over the past three years and even a small increase in demand would signal the beginnings of another industry talent war."
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