“Leadership developmentservices are seeingincreased acceptancebecause companies areclear that the cost ofreplacement of talent ismuch higher than cost ofretention”
Today HR is increasingly becoming a business partner, so organizations see the value that consulting firms bring and there is a lot more maturity today. The maturity of consulting players in the West is higher because they have been through the learning curve. In India, the maturity of the buyer is high if the organizational maturity is also high. So in Indian companies that have gone global, there is a higher maturity while Indian companies which are local are still on its learning phase. Leadership development services are seeing increased acceptance because companies are clear that the cost of replacement of talent is much higher than cost of retention. The focus, therefore, is clearly on employee engagement, training, development, and building their internal capability. Further, as companies become more globalized, they will see a significant need to address the cultural nuances of doing business.