Building bandwidth among young talent

Font Size

Print

Feedback

Email

Discuss

Related Articles

Govt plans to guarantee private sector borrowingsCrisis takes toll on jobs, man hoursIndia Inc’s expense bill crosses Rs 1 tn

: Indian corporate houses have found a way to engage employees and reduce attrition. The latest employee engagement practice that is catching up is the advisory management council (AMC), where suggestions shared by the employees are put forth to the top management in the quarterly or annual meetings of companies.

The objective is to retain and nurture scarce, critical talent and motivate young talent within the company by giving them an opportunity for self-development in leadership, strategic thinking, management of resources and innovation. There is need also to create a forum whereby an organisation can derive the benefit of synergising the creative talents of high calibre resources in areas of critical importance for its strategic future.

Going forward, the advisory management council would comprise high-fliers, potential future vice-presidents and critical personnel formed as a shadow management committee of the company tasked with ideating over one or more critical strategic issues facing the company’s future growth plans and finding solutions for these.

Says Rahul Ghatak, VP, HR, CEAT Ltd, “Gone are the days of hierarchial, inaccessible structures. Today’s dynamics require younger employees to play not just operational but strategic roles in an organisation’s development. Organisations need to develop such talent and steps like AMC go a long way in doing that.”

Moreover, as companies believe in creating leaders at all levels within the organisation of which empowerment to middle/junior management is an identified critical success factor. “The CEAT AMC is a forum for high-flier, fast track, and young managers who together form a shadow management committee aiding the management committee in important issues pertaining to the company,” reveals Ghatak.

According to the players, putting advisory management council in place helps them in retaining talent along with helping them to build managerial bandwidth amongst their young talent thereby setting them up for success for larger and more strategic assignments in the future.

“The recognition that comes with being selected as part of the advisory management council, combined with the value-add the individual gains through working on strategic projects binds him to the company,” said Harsh Bhosale, VP Group HR of RPG Group. According to Bhosale, advisory management council benefits both the employee and the organisation.