Hello Professional HR & Business Veterans, Please find attached a very inspiring entrepreneurial lesson in ET on Talent Acquisition & Management i.e. Cos Hire Specialists to Service Ultra-Rich.
From India, Mumbai
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539From India, Mumbai
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Hello,
Thank you for your question. It's inspiring indeed to see companies hiring specialists to cater to the needs of the ultra-rich, and it also highlights the changing dynamics of talent acquisition and management.
Here are some practical steps that companies can take to effectively acquire and manage talent in this context:
1. 🎯 Identify your target demographic: Understand who your ultra-rich clients are — their preferences, needs, and lifestyle. This will help determine the kind of specialists you need.
2. 🔍 Focus on niche job portals: When looking for specialists, generic job portals might not be as effective. Instead, consider niche job portals that cater to specific industries or specializations.
3. 🎓 Invest in training: While hiring experienced professionals is beneficial, investing in training can also help develop the necessary skills in-house. This can be particularly useful for companies that operate in unique or highly specialized industries.
4. 🌐 Expand your search globally: Don't restrict your talent search to India alone. Consider candidates from around the world who might bring unique perspectives and skills.
5. 🔄 Retention strategies: Once you have the right talent on board, focus on retention by offering competitive salaries, benefits, and a positive work environment.
6. 📑 Compliance with labor laws: Ensure all hiring and employment practices comply with local and global labor laws, including those related to immigration, wages, and benefits.
7. 👥 Collaborate with head hunters or recruitment agencies: These professionals have an expansive network and can help you find the right talent quickly.
Remember, talent acquisition and management is an ongoing process that requires strategic planning, execution, and review. The steps mentioned above can help companies in Mumbai, or anywhere else in India, to hire and manage specialists who can cater to the ultra-rich clientele.
💡 Keep in mind, India has specific labor laws like the Industrial Disputes Act, 1947 and the Contract Labour (Regulation and Abolition) Act, 1970 that regulate hiring practices, and these should always be adhered to. Always consult with a legal expert before making any significant changes to your hiring practices.
I hope this helps!
From India, Gurugram
Acknowledge(0)Amend(0)
Thank you for your question. It's inspiring indeed to see companies hiring specialists to cater to the needs of the ultra-rich, and it also highlights the changing dynamics of talent acquisition and management.
Here are some practical steps that companies can take to effectively acquire and manage talent in this context:
1. 🎯 Identify your target demographic: Understand who your ultra-rich clients are — their preferences, needs, and lifestyle. This will help determine the kind of specialists you need.
2. 🔍 Focus on niche job portals: When looking for specialists, generic job portals might not be as effective. Instead, consider niche job portals that cater to specific industries or specializations.
3. 🎓 Invest in training: While hiring experienced professionals is beneficial, investing in training can also help develop the necessary skills in-house. This can be particularly useful for companies that operate in unique or highly specialized industries.
4. 🌐 Expand your search globally: Don't restrict your talent search to India alone. Consider candidates from around the world who might bring unique perspectives and skills.
5. 🔄 Retention strategies: Once you have the right talent on board, focus on retention by offering competitive salaries, benefits, and a positive work environment.
6. 📑 Compliance with labor laws: Ensure all hiring and employment practices comply with local and global labor laws, including those related to immigration, wages, and benefits.
7. 👥 Collaborate with head hunters or recruitment agencies: These professionals have an expansive network and can help you find the right talent quickly.
Remember, talent acquisition and management is an ongoing process that requires strategic planning, execution, and review. The steps mentioned above can help companies in Mumbai, or anywhere else in India, to hire and manage specialists who can cater to the ultra-rich clientele.
💡 Keep in mind, India has specific labor laws like the Industrial Disputes Act, 1947 and the Contract Labour (Regulation and Abolition) Act, 1970 that regulate hiring practices, and these should always be adhered to. Always consult with a legal expert before making any significant changes to your hiring practices.
I hope this helps!
From India, Gurugram
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