Zinnov, a leading globalisation and market expansion advisory firm, said organisations believe that 25% of their current talent will become redundant in the next 3-5 years. In a survey titled, 'Talent Outlook 2013', it said respondents ranked India third among the preferred innovation destination globally.
Zinnov, a leading Globalization and Market Expansion Advisory firm, released “Talent Outlook 2013”,a report that highlights a paradigm shift in HR trends this year. The survey revealed that 2013 will be a year of skill and talent reconciliation, even as new skill sets are brought to focus and HR is challenged to implement strategic planning within the organization.
Key Findings :
· India found to be the third preferred center for innovation after Silicon valley and other US cities
· Organizations believe 25% of their current talent will become redundant in the next 3-5 years,while specialized skill sets in User Experience and Mobility see rising demand
· Countries such as India and China will witness growth primarily due to the cost and access to talent.
The Silicon Valley continues to be an Innovation hub, with 80% of respondents to the Zinnov survey indicating that their organizations’ headcount will increase the highest in this region. India ranked third as potential innovation region, with organizations revealing that 15% of innovation is expected out of the country, followed by EMEA at 10%. The survey revealed that this year there would be a marginal growth in China & India primarily due to the cost and access to talent and most respondents indicated that China would no longer be on the priority list for most companies.
Commenting on the study, Pari Natarajan, CEO, Zinnov, said, “Data scientists and user experience designers will witness very high demand, while mobile application developers and cloud computing experts will witness moderate to high demand.
Significantly, all these skills were non-existent a decade ago. Organizations are also expected to increase their focus on soft skill development across levels and functions”
Organizations believe 25% of their current talent will become redundant in the next 3-5 years,while specialized skill sets in User Experience and Mobility see rising demand.
In addition to this, according to the study, the headcount in India to increase by 13 % in 2013. Organizations are seeking talent with skills in the areas of Engineering (50% of respondents indicated that it would be among the top 3 skills of the future), followed by Analytics skills (40%) such as Big Data, Predictive Modelling, HR Analytics, and Mobility (32%).
The biggest talent challenges that organizations face are in the areas of niche hiring and skillset assessment, with 50% of respondents suggesting that these would be key focus areas for HR in 2013. While dedicated statistical teams within HR departments can reduce challenges around skillset assessment, large volume data analysis and workforce planning, over half the organizations do not have such resources and just 20% are focused on it for 2013.
Aug 08, 2022
Aug 08, 2022
Aug 08, 2022
Aug 08, 2022
Aug 08, 2022
Aug 08, 2022
Aug 08, 2022
Aug 08, 2022
Aug 08, 2022
Aug 06, 2022
Aug 06, 2022
Aug 06, 2022
Aug 06, 2022
Aug 06, 2022
Aug 06, 2022
The laws of the financial world are different from the physical world. You can have prolonged periods of time, when sanity takes a back seat and excesses happen.
R. Venkataraman Aug 20, 2021
Retail trading or day trading has exploded because of falling brokerage rates, democratization of information, higher transparency and mobile platforms.
R. Venkataraman Jun 15, 2021
My simple message for dear readers is, if you don’t have any desperate need for funds, then don’t do anything.
R. Venkataraman May 12, 2021
The blow up of a US hedge fund has resulted in WhatsApp university offering many courses on what went wrong with Bill Hwang and Archegos.
R. Venkataraman Apr 09, 2021
The expensive valuations have been sustained by strong rebound in corporate earnings which led to ~8% upgrade in FY22 Nifty EPS since October 2020.
R. Venkataraman Mar 26, 2021
We believe the interest rates are likely to have bottomed due to inflationary pressure, large government borrowings and normalizing credit growth. Hence rate sensitive sectors should be avoided in our view.
R. Venkataraman Feb 17, 2021
As markets make new highs, one gets more emails and messages, which highlight the accomplishments of traders who have found a formula for making money.
R. Venkataraman Jan 27, 2021
Data does not seem to convincingly prove that short periods of high returns are always followed by meagre returns. Only in 4 instances, we had negative returns in the subsequent year.
R. Venkataraman Jan 01, 2021
Since September end, Bankex is up 16% with large banks like ICICI Bank, Bandhan up 20-27%, Housing Finance Companies like Repco, LICHF, PNB Housing are up 50%-100% from their six-month lows.
R. Venkataraman Oct 13, 2020
Morgan Housel’s 'The Psychology of Money' explains in detail the role of human biases in investment decisions.
R. Venkataraman Sep 26, 2020
Per Order for ETF & Mutual Funds Brokerage
Per Order for Delivery, Intraday, F&O, Currency & Commodity