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Nurturing young talent - key to Value Maximization |
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This
article makes an attempt to ring the bells in the mind and ears of the top
echelons of management by reminding with real life examples of corporate
excellence, that gone are the days when only the old/ people with grey
hairs were expected to accomplish jobs involving higher degree of
responsibility.
The corporate world today is full of examples of young
employees/ entrepreneurs who have accomplished historical milestones. The
time is ripe that the HR department must start focusing on nurturing young
talent so as to accomplish outstanding results.
The average age of the employees in the leading MNC's
is gradually decreasing. The top MNC's have already understood and started
processing the art and process of mapping and nurturing young talent.
Young talents have the capability to think radically different and are
innovative in approach. The heavyweights of the organization thwart all
attempts to ensure that young breed of employees do not outperform the
seniors as it creates a threat to their long term sustainability.
The young examples if given enough space and
empowerment can produce/deliver outstanding results by their out of the
box thinking. Young employees up with new ideas and have high risk taking
aptitude.
History of corporate excellence is live testimony to
the fact that the financial results achieved by old time entrepreneurs and
leaders in decades have been achieved by the new generation
leaders/entrepreneurs in few years.
The most advantageous aspect of the new generation
employees is their friendliness with technology, open-minded approach,
positive attitude , young mind devoid of stereo typed thinking and last
but not the least the fire in the belly to reach the top at the earliest
both in professional career as well as taking the company to new height.
The simplest methodology of nurturing young talent is
to meet them consistently, discuss new ideas, plans, processes and systems
to be implemented and thereafter chalk out an action plan to convert the
plans into reading so as to leave behind all competitors in the same
industry.
Old is gold but young is diamond. The young bread of
techno-business entrepreneurs of the globe are the ones who have been able
to catch up with the global bandwagon of boom in Internet technologies,
and E-commerce. The young generation of the e-commerce entrepreneurs and
technopreneurs have become the millionaires and billionaires in the
shortest possible time.
The ceo of 9xm Ms. Indrani Mukherjea is all set to
leave behind the best performing companies in the satellite media at an
early age of 30 years by launching 12 satellite channel under the aegis of
INX media.
The cost of acquiring, mapping and nurturing young
talent is far less than retaining the old and experienced juggernauts with
grey hairs and bald head. The young breed of employees need love, care,
affection, sympathy, caring and nurturing approach and the optimum degree
of empowerment and flexibility to explore new ideas and vistas to achieve
outstanding results.
The power of young minds is mind blowing. They have
very high degree of energy level and are always ready to leave behind any
or all of their global contemporary performers/competitors.
The HR department must evolve a unique strategy to have
the optimum blend of the old & young. TSMG- i.e. (www.tsmg.com) the
Tata strategic Management group evolved a unique breed of taskfource under
the aegis of Tata group of companies and created a special cadre of
officers in the name of TAS i.e. Tata Administrative services and has
allocated to attract the best of the talent from the Indian B-Schools. In
very short span of time, it has become one of the most preferred employers
on the top-20 B-School campuses.
The power of old practitioners must be optimally mixed
with the young generation of employees with strong analytical and
techno-managerial skills.
The average age of most of software development and IT
consulting firms hovers between 20 and 40. The young employees in most of
the IT companies have consistently delivered outstanding results.
The passion to excel and achieve new heights by the
youngsters, multi-skilled personality, high risk taking ability, and the
zeal to outperform the global counterpart makes the young breed of
employees relatively much sought after resource among the HR managers of
leading organizations.
The HR managers must evolve a holistic plan &
strategy to optimize the young talent .The focus must be on acquiring,
nurturing, retaining and heading the team of young employees towards
corporate excellence. The degree of freedom, flexibility and empowerment
must be strategically optimized so as to give them a smooth road to excel
par excellence devoid of any hurdles.
To conclude, the coming years will see more no. of
millionaires and billionaires at young age and more no. of companies in
the best of fortune 500 companies of the globe and the nation under the
dynamic leadership of young leader either by age or by heart. Thus last
but not the least, the organizations and enterprises aiming at being the
front runners in their chosen area of operations must start focusing on
nurturing young talent so as to excel beyond excellence and beat the
competition in the exponentially dynamic environment. |
