Talent Management Versus Profitability & Prosperity
If you are an entrepreneurial investor or a professional business leader, looking for internationally recognized trend(s) to boom your business & achieve prosperity, especially during the current economic recession & challenges ...., then this article is especially dedicated to you.
Organizations now a days, may fall in the trap of adopting the “ cost saving slogan” at the expense of acquiring & retaining professional human assets, who possess the know-how, academic background & practical experience of business management and/or core service provision. Business leaders may get overwhelmed by a misleading concept that having an innovative product/service or idea that satisfies a necessary need in the market is more than enough, to boom & flourish.
Both scientific research & factual business performance have proved that getting stuck with messy management & service provision systems, can take brilliant business ideas, projects, products & services down, to end up having one or more of the following consequential scenarios:
1- Decreased profit margins & return on investment “ROI”
2- Customer Dissatisfaction & Negative Brand Affection
3- Inefficient decision making process & Loss of business opportunities
4- Damage of Market Position & Share
5- Legal Disputes & aggressive penalties
On the other hand, acquiring & retaining professional talents is relatively very expensive, especially when spotted on the financial statements as operational fixed costs & liabilities, without objective assessment of manpower performance versus profitability ratios & return on investment.
However, the current economic crisis has implied a lot of sociocultural changes that are now characterized as “trends” all over the world. Examples of such trends are: working from home , business automation, minimal crowds & decreased need for physical workplace. Accordingly, it’s now time to think of talent management from a different perspective.
Your talent management model should accommodate cooperative alliances with other business associates on ad hoc basis. This could be achieved through contracting external business entities / consulting companies or freelance & part time individuals, for project based service deliverables. Also, outsourcing or offshoring some services is another methodology of talent management through other collaborative specialized business entities.
In general, efficient talent management needs a special type of professional human resources management strategies . Since our establishment on 2016, we “ Kaza Talent” are adopting a unique talent management model that has helped our customers to grow on both vertical & horizontal levels. If you want to know more about us, you are cordially invited to click here .You may also follow us on our pages on Facebook, Linkedin & YouTube & join our groups on Facebook & Linkedin
Best Regards,
Nesrien Amien,
Founder & Managing Director
#kaza_talent #Kazatalent #Consultancy #Business_Challenges #Working_from_Home #International_Business_Trends #Economic_Recession #Cost_Saving #Talent_Management #Talent_Acquisition #Human_Resources #Business_Opportunities #Market_Position #Market_Share #Consulting #consultancy #Freelancers #Freelance #Return_On_Investment #ROI #Profitability