Talent Shortfalls

Claims Manav Thadani, “...the shortfall will multiply six times in 2007... and 18 times in 2009! These indications clearly point towards a major talent drought.” The talent shortfalls have resulted in higher salaries and also inter talent and intra talent poaching. The only way to deal with this is to act now. Hoteliers can tie-up with hotel management institutions or they can start their own training schools for the same. The retail giants like Pantaloons and Reliance Retail are following the same pattern. Furthermore, hoteliers need to fortify their HR practices so that the access to a new and fresh talent is consistent and attrition is no big problem.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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