What do “Asia’s Got Talent”, “Asian Idol”, and “The Voice” all have in common? …The ability to attract amazing talent who participate in these competitions to kick start their careers.

 

Unfortunately, the same cannot be said for many companies who are seeking to attract global talent in the workforce

In fact, according to ManpowerGroup’s 11th-annual Talent Shortage Survey, the global talent shortage is at its highest since 2007 – some 40 percent of employers globally report that they are experiencing difficulty filling jobs. Coupled with the challenge of an aging population, it is of little wonder that 46 percent of employers in Asia Pacific – the highest globally – reported difficulty filling jobs.

 

In the war for talent, small and medium enterprises (SMEs) have traditionally come across as the poorer cousins of multi-national corporations (MNCs) given their budgets. In fact, Asian Development Bank (ADB) noted in a recent study * that access to financing remains a challenge for SMEs in developing countries. In fact, Philippine SME loans (equivalent to 3.1 percent of GDP) is the second lowest in Southeast Asia, next to Myanmar’s 0.1 percent, lagging well behind their neighbors in terms of SME loans to a total of 10.3 percent.

 

This issue, combined with the lack of resources to identify, train, and retain top workers often lead to a struggle in the battle of talent acquisition.

 

However, today, with the help of technology, that is slowly changing.

 

The economic backbone of most economies across Asia Pacific, many SMEs are looking to leverage tools and solutions to overcome barriers in human resource to win in today’s digital economy – from efficiently managing and growing teams, to attracting new talent.

Auditioning ‘rock star’ new talent

 

Hiring the right person, with the right skill and one that will fit into the organizational culture is always a challenge, but the right person can have a measurable impact on business performance of the company. Recruitment today is complicated with a multitude of sourcing avenues – from employee recommendations, student applications to cold calls from around the globe.

 

Online talent platforms are a valuable source for people to identify opportunities that closely align with their skills and help overcome the talent shortage. These platforms can not only help build talent pipelines, but enable effective engagement with active and passive candidates. It can also shorten the time and cost it takes to hire. Furthermore, there is an opportunity to gather data and insights into the demand for specific skills to enable recruiters to make decisions about training, upskill existing employees and also make strategic decisions about future growth requirements.

 

Millennials – those born between 1979 and 2000 – have become the largest generation in the workforce today. With very different expectations. Cloud-based talent management platforms not only help identify and recruit these candidates, it helps motivate them, improve their productivity and identify new skills to learn once they start work. According to McKinsey research, these platforms could help boost global GDP by $2.7 trillion by 2025.

 

Retaining and managing existing talent

 

The cost of a bad hire is higher for SMEs. This leads to a potentially more feasible option being to train and reskill the existing workforce, and help employees improve and succeed with ongoing feedback and coaching.

 

Effectively managing employee performance has never been more critical. SMEs need a workforce that clearly understands strategic business objectives to grow, expand and quickly adjust course as business needs evolve. It is not just about creating SMART (Specific, Measurable, Attainable, Realistic, and Timely) goals, but a continuous ongoing dialogue between manager and employee about performance. This not only enables organizations to identify top talent, but also aide in their continued motivation, growth and success, which ultimately leads to organizational success.

 

A transformative approach to HR puts people first and provides employees with an overall experience that is both engaging and motivating. The strategic use of technology can help identify talent gaps in the organisation and better manage existing talent. By doing so, it gives SMEs the foundation to sing loud and proud on a global stage and enable SME business owners to be the overall winner in the competition for talent.


RECOMMENDED ARTICLE FOR TECHWORLD


 
Transcend Wins Good Design Award 2018 in Japan
Techworld Date Posted: 16 October 2018 4:22 PM | 57 Views
Transcend Information, Inc. (Transcend®), a worldwide leader in storage and multimedia products, today announced that its JetDrive™ 855 SSD upgrade kit for Mac has won the "Good Design Award 2018" for its practical and.... See More
 
Transcend Wins Good Design Award 2018 in Japan
Techworld Date Posted: 4:22 PM | 57 Views
Transcend Information, Inc. (Transcend®), a worldwide leader in storage and multimedia products, today announced that its JetDrive™ 855 SSD upgrade kit for Mac has won the "Good Design Award 2018" for its practical and...See More

 
BIOSTAR Launches Compact High-Speed Storage Solution with M200 M.2 SSD
Techworld Date Posted: 20 March 2017 11:40 AM | 474 Views
BIOSTAR is thrilled to announce its latest addition to its great lineup of storage products. See More
 
BIOSTAR Launches Compact High-Speed Storage Solution with M200 M.2 SSD
Techworld Date Posted: 11:40 AM | 474 Views
BIOSTAR is thrilled to announce its latest addition to its great lineup of storage productsSee More

 
Businesses Stuck in a DDoS-Daze as Ineffective Strategies Leave Them Vulnerable to Attack
Techworld Date Posted: 22 May 2018 10:15 AM | 270 Views
Research from Kaspersky Lab has revealed that businesses are falling behind in the race to protect themselves from Distributed Denial of Service (DDoS) attacks, due a reliance on others to do the job for.... See More
 
Businesses Stuck in a DDoS-Daze as Ineffective Strategies Leave Them Vulnerable to Attack
Techworld Date Posted: 10:15 AM | 270 Views
Research from Kaspersky Lab has revealed that businesses are falling behind in the race to protect themselves from Distributed Denial of Service (DDoS) attacks, due a reliance on others to do the job for...See More

 
Motorola Strengthens Local Footprint with First Retail Kiosk Outside Manila
Techworld Date Posted: 25 September 2017 11:22 AM | 255 Views
BATANGAS, Philippines - September 25, 2017. Motorola Philippines continues to solidify its presence in the Philippines and make the Motorola experience more accessible to Filipinos nationwide with the opening of the Motorola Kiosk in.... See More
 
Motorola Strengthens Local Footprint with First Retail Kiosk Outside Manila
Techworld Date Posted: 11:22 AM | 255 Views
BATANGAS, Philippines - September 25, 2017. Motorola Philippines continues to solidify its presence in the Philippines and make the Motorola experience more accessible to Filipinos nationwide with the opening of the Motorola Kiosk in...See More

 
ShadowPad: How Attackers Hide Backdoor in Software Used by Hundreds of Large Companies around the World
Techworld Date Posted: 17 August 2017 3:12 PM | 158 Views
Kaspersky Lab experts have discovered a backdoor planted in a server management software product used by hundreds of large businesses around the world. When activated, the backdoor allows attackers to download further malicious modules.... See More
 
ShadowPad: How Attackers Hide Backdoor in Software Used by Hundreds of Large Companies around the World
Techworld Date Posted: 3:12 PM | 158 Views
Kaspersky Lab experts have discovered a backdoor planted in a server management software product used by hundreds of large businesses around the world. When activated, the backdoor allows attackers to download further malicious modules...See More

 
HyperX Joins ESGS 2017 with Team Execration
Techworld Date Posted: 25 October 2017 10:38 AM | 327 Views
HyperX, the gaming division of Kingston Technology, today announced their presence at ESGS 2017 and all the fun activities to engage with the vast Filipino Gaming Community at SMX Convention Center from October 27th.... See More
 
HyperX Joins ESGS 2017 with Team Execration
Techworld Date Posted: 10:38 AM | 327 Views
HyperX, the gaming division of Kingston Technology, today announced their presence at ESGS 2017 and all the fun activities to engage with the vast Filipino Gaming Community at SMX Convention Center from October 27th...See More

Rafael Aquino
Lisa Su and the AMD Army
Techworld • By: Rafael Aquino | Date Posted: 7 August 2017 2:53 PM | 256 Views
Lisa Su, in sum, is the current CEO and president of Advanced Micro Devices (AMD). Her leadership has led the company to great heights, and without her ability, AMD might not be where it.... See More
Rafael Aquino
Lisa Su and the AMD Army
Techworld • By: Rafael Aquino | Date Posted: 2:53 PM | 256 Views
Lisa Su, in sum, is the current CEO and president of Advanced Micro Devices (AMD). Her leadership has led the company to great heights, and without her ability, AMD might not be where it...See More

 
Get a Free Star Wars™: Jedi Challenges with Select Lenovo Legion Laptops
Techworld Date Posted: 14 September 2018 3:45 PM | 102 Views
Lenovo, a global leader in PCs and smart devices, is currently having a promo that is sure to please gamers and Star Wars fans alike. Until supplies last, every purchase of selected Legion gaming.... See More
 
Get a Free Star Wars™: Jedi Challenges with Select Lenovo Legion Laptops
Techworld Date Posted: 3:45 PM | 102 Views
Lenovo, a global leader in PCs and smart devices, is currently having a promo that is sure to please gamers and Star Wars fans alike. Until supplies last, every purchase of selected Legion gaming...See More

Frank Emmanuel Trazo
Summer Loving in VR: Summer Lesson
Techworld • By: Frank Emmanuel Trazo | Date Posted: 27 June 2017 10:55 AM | 184 Views
Summer is one of the most magical and memorable seasons for the youth as it lets them experience love. As VR technology is becoming more reachable for public consumption and you can live in.... See More
Frank Emmanuel Trazo
Summer Loving in VR: Summer Lesson
Techworld • By: Frank Emmanuel Trazo | Date Posted: 10:55 AM | 184 Views
Summer is one of the most magical and memorable seasons for the youth as it lets them experience love. As VR technology is becoming more reachable for public consumption and you can live in...See More

 
HyperX Announced as Official Peripheral Sponsor of Kuala Lumpur Major
Techworld Date Posted: 25 October 2018 1:43 PM | 49 Views
As the popularity of eSports has exploded in Southeast Asia with more than 9.5 million eSports enthusiasts,* PGL this year will bring the global tournament of Dota 2, one of the most played titles.... See More
 
HyperX Announced as Official Peripheral Sponsor of Kuala Lumpur Major
Techworld Date Posted: 1:43 PM | 49 Views
As the popularity of eSports has exploded in Southeast Asia with more than 9.5 million eSports enthusiasts,* PGL this year will bring the global tournament of Dota 2, one of the most played titles...See More


Power by

Download Free AZ | Free Wordpress Themes