7/18/2019 Business Makers - The Times of India

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9/22/2015 Business makers - The Times of India

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According to Deloitte's Global Human Capital Trends 2015 -India report, leadership has been ranked

as the most important human capital issue for Indian businesses this year.Other issues include

learning and development, culture and engagement, reinventing HR and performance management.

Prepared by Deloitte in India, in association with the National Human Resource Development

(NHRD), the report ranks the key human capital trends in the Indian marketplace.

The report is based on a comparative analysis of the results from India (133 business and HR leaders)

with Deloitte's global survey of more than 3,300 business leaders and HR executives in 106 countries.

Out of the 133 respondents from India, 73% represented the HR function while the remaining

belonged to other verticals.Further, half of the responses were from three industries -technology,

media and telecommunications as well as professional services and manufacturing, with a mix of

small, medium and large organisations.

Globally, too, leadership has emerged as the key concern for businesses, with companies struggling to

develop efficient leaders at various levels. Further, while performance management and talent

acquisition are considered short-term chal lenges, learning and development as well as reinventingHR were considered long-term challenges.

Nearly 50% respondents in India felt there was room for improvement in HR practice wile 40%

leaders rated their HR solutions as "largely good".

As far as business outlook goes, most Indian business leaders were optimistic about it, with many

believing the growth rate would improve, as compared to last year. One of the most important

conclusions of the report is the level of preparedness of Indian organisations to deal with these issues,

indicating a capability gap of over 20% for all the challenges. Many business leaders, in their

responses, seemed to agree about their lack of preparation to deal with them.