“The empires of the future will be empires of the mind.”

– Winston Churchill

Silicon India Leadership Summit

Vikram ShahPresident India Operations

Network Appliance

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Managing the Most Talented

Agenda

Paradigm of Knowledge Economy

Hyper-Competitive Labor Market

Is Talent the Real Challenge?

What is it That’s Daunting?

Food For Thought

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Paradigm Of Knowledge Economy

Knowledge Economy :– Generation & exploitation of knowledge: predominant source of wealth

creation

– Information: the raw material of knowledge economy

– Services : the key source of employment

– New commodity of knowledge economy - skilled, educated talent with

formal & tacit knowledge

Agricultural Economy :– Land : the predominant source of wealth & power

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Hyper-Competitive Labor Market

97% of recruiters say getting right talent is the challenge Average quality of candidates has declined by 10% since 2004

Average time to fill a vacancy has increased

Below average candidates being hired “just to fill positions quickly”

- Quoted from Economist.com

Innovative ways to attract talent Some companies ‘sell’ saying their work is challenging

Others ‘sell’ the academic stars they hire

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Is Talent Acquisition the Real Challenge?

Take a Look –

Enron recruited the brightest MBAs from world’s elitest institutions

LTCM had 1997 Economics Nobel Prize Laureates Myron Scholes and Robert C. Merton, on its board of directors.

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What is it That’s Daunting?

What is ‘Talent’ For You?

- Do we need ONLY Einstein(s) for our organizations?

- Do we need brains that are more agile & receptive to constant learning?

- Do we know how to manage the RIGHT talent the RIGHT way?

- Do we invest time in identifying our people’s CAREER ANCHORS

That they like & wouldn’t give up doing under any circumstances

Think About it

“I aspire to create an enterprise where at least 80% of everybody's job consists of doing what they love.”

Dick Vague, Chairman & CEO, First USA

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Food For Thought

“This is my $50 million business. I can double it, or I can run it into the ground. Where else could I get that kind of independence and that much of a challenge at the age of 33?“

- A store manager in Home Depot