More than 500,000 people lost their jobs only in India in the recent economic set back. Let us take a few moment to Analyze the root cause of layoffs during the down turn of the economy. Proper Talent Management process at each organization could help avoid such situations hence forth.
Now some of the most common problems with the existing Talent Industry:
High time that any company avoid a bad hire. A bad hire could lead you to a humongous Loss and intangible to be identified in an early stage if not taken care during the recruitment process. Where and how does it affect?
This calls for corporates implementing good Talent Management and nurturing systems to reduce Lay offs.