Most Indian organisations miss out on business and talent benefits as they find it challenging to engage, retain and lead a global workforce, according to a report by Bersin by Deloitte.
The research findings found that 29 per cent of all the organisations surveyed globally have mature talent strategies and processes in place versus just 21 per cent of surveyed companies in India.
“Organisations face challenges in engaging, retaining and leading a global workforce. This is particularly true in growth markets like India.
“Our research shows that 80 per cent of Indian organisations are missing out on the identified substantial financial, business and talent benefits of creating a clear, more mature talent strategy,” said Stacia Sherman Garr, Vice President, Talent and HR Research, Bersin by Deloitte, Deloitte Consulting LLP.
The research findings identified the talent practices that organisations with strong business and talent outcomes use most effectively for companies operating in India and for Global 2000 organisations.
Global 2000 organisations are defined as the 454 companies in the Bersin by Deloitte survey population with more than USD 750 million in annual revenue.
The research also included 269 Indian organisations with more than 100 employees.
The research found that many Indian organisations have strong talent acquisition, performance management and formal skills-based learning activities for employees.
“Although these are important investments, the next steps to consider are building a culture of leadership and more aggressively communicating the organisations talent strategy,” it opined.
The survey said that to reach the highest level of maturity, organisations should also provide a more customised and engaging employee experience that embraces employees diverse backgrounds.