Consolidation afoot in talent management space: Chaitali Mukherjee

Typically, the talent management area includes engagement, assessments, leadership development to all systems and processes, employee value proposition and career. Activities that happened globally within talent management ten years ago, are still to start happening in India. In the present competitive scenario, there are full-fledged talent management players and there are smaller niche players who are co-existing happily. In the coming years, there will be a lot of consolidation in the talent management space as there is a positive outlook on the demand for such services. The Indian large conglomerates are doing wonders where there is a huge focus on leadership development with an increased in-road of assessments leading to successors. The MNCs are investing on career development and management, as they view career as an anchor for managing employee value proposition or engagement. While, the family-owned business continue to focus on systems and processes with a little emphasis on talent engagement. However, talent development is a problem across all types, as the pool of talent they are working with is the same and therefore poses similar challenges.