Talent Management is key to any IT company’s success. The companies need to attract the right kind of talent, and it needs extensive market research on their part. Unlike many other countries, in India, the managers carry the responsibility of developing the available talent in the company. They need to recognize the “Stars” in the company and invest in them from a long-term perspective. It also needs to remove the “Bottom Slice” from its workforce to ensure the supply of the fresh blood in the company. In today’s scenario, Project performance and Billability are becoming key factors in determining an employee’s compensation. There is a higher emphasis to increase the variable component of the pay structure and link it to various measures of performance. Thus, it is imperative for the companies to ensure that their employees understand and appreciate the compensation package of the company (and more so of the competitor).

--Feroze Mohammed [Sierra Atlantic]

Courtesy : http://isblife.blogspot.com/2006/10/tie-isb-connect-2006-it-and-ites-track.html

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