Why multinationals struggle to manage talent

A McKinsey survey of managers at some of the world’s best-known multinationals covered a range of sectors and all the main geographies. Our findings suggest that the movement of employees between countries is still surprisingly limited and that many people tempted to relocate fear that doing so will damage their career prospects. Yet companies that can satisfy their global talent needs and overcome cultural and other silo-based barriers tend to outperform those that don’t.

Where there’s a will, there’s a way!

With the rapid increase in the ‘service’ oriented companies/sectors in the Indian economy, this trend is only set to increase manifold. Several service industries predominantly IT & ITES and Aviation have been built on this trend and the current retail boom is all set to leverage this resource pool. Reflecting on this fast growing trend, Ravi Saxena, MD, Citymax India comments, “Definitely the trend is on the rise since there is a severe crunch of trained manpower at various levels across industries.”