Talent management seems to be one of the most crucial priority for Indian CEOs as 84 per cent of the CEOs spend half their time on talent related activities, a survey has found.
According to a survey of 126 CEOs in India by online career and recruitment solutions provider Monsterindia.com, talent management continues to be seen as the most crucial priority for Indian CEOs.
Around 84 per cent of the CEOs spend half their time on talent related activities, up from last year when 73 per cent of CEOs reported spending more than one-fourth of their time on such matters, the survey said.
Talent management has assumed significant importance in the current business ecosystem and at present 75 per cent of HR heads report directly to CEOs signifying a transition of HR's role in the boardroom.
"Against the bleak forecast (for the Indian economy), Indian companies are confident that the right business focus and optimal utilisation of resources will result in stronger organisations," Sanjay Modi, managing director, Monster.com (India, Middle East & South East Asia) said.
Modi added that "CEO's today are investing more time and energy into their talent, who act as change agents in steering their organisations positively, driving competitiveness and business growth."
Building teams, raising employee productivity and increasing employee motivation have emerged as the top three talent priorities for CEOs today. Retention of high-potential talent continues to remain crucial with 48 per cent of CEO's affirming this trend.
The top five activities that CEOs invest their time on include -- building teams, optimising productivity and channeling employee's energy, increasing the motivation levels of employees, retention of talent and building an internal pipeline of talent, the survey said.
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