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HRs Opting Higher Investment in Learning Strategies

By SiliconIndia   |   Tuesday, July 31, 2012
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Bangalore: Companies are expanding and they are growing fully fledged, therefore their policies are also changing. Due to innovations and the dynamic nature of business HRs considers that additional investments have to be made in training and in development strategies aimed at staffs.

Shortage of Talent
The National Learning and Development Summit in New Delhi highlighted the varying wants of HR as business houses increasingly face the challenge of a scarcity of talent. This summit was prearranged by All India Management Association.

The two-day summit, which had the theme of ‘Developing learning strategies to drive growth – the road ahead’, focused on emerging trends in learning and development strategies to counter the crunch talent an insight by Aesha Datta, on Business Line.

Holding up Employees
“Learning and innovation are closely interrelated”. K. S. Jamestin, Director HR, ONGC Ltd, said, “Learning and development would significantly help to attract and retain talent. Business leaders consider that retaining talent is more vital than attracting talent.

“Organisations in India are already adopting the international training method and policies. We have to find ways to create communities. Learning in organisations happens 70 per cent on the job, 20 per cent by mentoring and 10 per cent by classroom training. Innovation is the key value wherein we have to ensure and allow people to learn via training but also on their own” said Anusha Narayan, Head HR, Nokia India.

Competencies to the Core
Further, Sujaya Banerjee, Chief Learning Officer (Corporate HR), Essar Group, said that organisations need to realign their business strategies. “Companies need to identify core competencies and build those further to get an edge over competition,” she said, adding that competency refers to the measurable characteristics of individuals that are related to superior performance at work.

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