The Unemployment Economy - India's coming talent squeeze
Thursday, June 23, 2011
India's asynchronous naure withthe global Economy has more or less been locked in by a past generation's ascendancy to the senior positions. Even in my colleagues (peers) I would find the unemployable having stuck to their positions and holding positions of influence in the few MNC corporations and global consultants that are India-centric in one or other key strategies. The situation ant the senior levels has always been used as an excuse to rejuggle portfolios and in some cases fatten middle layers without any career visibility and without focus on keeping strengths as the companies have few hiring department staff who can work with qualitative factors anymore and no India offices/branches/franchises ever having allowed any performance based arguments on who or what should lead their Office. The top employers surveys by AON Hewitt and by ET-GPWI both do show up these glaring deficiencies, but more importantly for a lot of India's senior management layer, it means an abrupt end of the road a middle / regional levels and we keep getting Mis s World / Miss Fashion kind of global nominations once a year to offset that imbalance. Somehow, our hiring departments focus on the TT ratio for cost effectiveness has cost us the plot and we are busy using he same as bargaining chips for the hundreds of internal movements, the real talent having been neglected watching from the sidelines..another humdrum year of ennui where none of the unemployables remaining in those positions need do anything to keep their job or even the next promotions by virtue of sitting in their current seats of unachieved and untempered workability negotiating new office deals and water bridges to go to Africa gleefully
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