- Groom the next generation of talent One way businesses can help bring into the market a steady pipeline of talent who are equipped with the required knowledge, and who can leverage the tools for the age of big data is to groom the next generation of data professionals through public-private partnerships.This is where students in tertiary institutes are trained in the necessary skill sets through hands-on experience to implement or build modern, agile IT infrastructure that can help businesses respond to new and changing business requirements more rapidly. Private sector companies need to take the lead in supporting this upgrading of skill sets and cultivate a new generation of trained IT professionals who can then be matched to opportunities across various industries – not just the IT sector.
- Mine your existing workforce Companies searching to fill a skills gap usually start searching externally. However, with a little training, most enterprises are surprised to learn that there are employees who may already have the skills, or who could easily be redeployed, to fill the gap.Mining for talent within the business can have big payoffs and help bolster talent pools. However, to do this, enterprises need to build in flexibility and inter-department mobility that’s founded in a skills- rather than role-based approach so that people can be effectively deployed to different roles and divisions, as and when the business need arises.
- ‘Acqui-hire’ One strategy that looks set to become a trend is ‘acqui-hiring’, where businesses acquire another company to tap the talent and skills of its personnel. According to a survey and whitepaper commissioned by the Economist Intelligence Unit and Cognizant, 37 per cent of companies plan to implement such measures by 2018, and 21 per cent of businesses surveyed have already done so.In India, a few emerging e-commerce tech companies, such as CommonFloor, Flipkart, Urban Ladder and Housing.com, have done acqui-hires. It is not about hiring regular run-of-the-mill talent just to add to the workforce, rather, if there is commonality in the work done by two companies, then there is huge merit in bringing teams together.
- Ensure that leaders exemplify a data-first culture Lastly, people need to stay ahead of the curve, not by being “faster or cheaper” but by developing, honing and capitalizing on the capabilities that are uniquely human and cannot be replicated today by automated software.
felt that they have employees with relevant data skills to help them identify and achieve business outcomes. While some organizations are trying to solve the issue through training and contingent hires, which may partly solve the problem, others are taking on a more direct approach by attracting and managing the talent needed to make this shift. Businesses need to realize that talent and technology together can drive their data transformation and fast track business success. The key to this is to ensure they have the right talent in their organization.
Views are of the author and Techseen may not necessarily subscribe to them
Subscribe to our newsletter
Get the latest posts delivered right to your inbox.