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The robust growth of the Indian economy is a reflection of the success of all sectors of the economy. India is poised for phenomenal economic growth. Already the GDP (Gross Domestic Product) has exceeded the forecast of 8.1-8.4% and has crossed 9%. Coupled with this growth is the world-wide branding that Indian, IT and IT-related solutions companies have created for India. As a result, today India is considered by MNCs as a premium destination for business.

As per industry surveys India is likely to face a shortage of 1 million leadership talent by the year 2015

Implications of a Leadership Talent Shortage for Organizations

With experienced leaders exiting the job market at an unprecedented pace over the next decade, unprepared organizations can look forward to four major headaches:

  1. The ability to execute complex strategies in a fast-moving, global marketplace will be compromised by a shortage of knowledge workers and experienced leaders.
  2. An investment in the retention of talented leaders will become table stakes in this emerging "sellers" market for experienced professionals.
  3. Younger, less-experienced workers will assume leadership responsibilities earlier in their careers, often without the benefit of a veteran mentor to guide and help prevent costly rookie mistakes.
  4. Attracting, developing and retaining leadership talent will define a new competitive battleground where the stakes include survival.
Source – “The Looming Leadership Talent Wars and What Organizations Need to Do to Secure Their Future” - Article by Rich Petro, Art Petty

Working professionals today have an unprecedented opportunity before them to acquire management skills and fast-track career. Avagmah provides the continuing education options to today’s ambitious and career-focused working professionals.

 

 

 

 

 

 


 



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