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Overcoming talent management challenges on the path to success 19 May 2021

Efma webinar with industry leaders touches on the methods to manage and cultivate top talent at your institution. 
An organization is only as strong as the humans that comprise its workforce. This means organizations are continually seeking to attract, retain, and cultivate top talent. Don’t just take it from me though. In PWC’s 18th annual global CEO survey, 61% of CEOs said that retaining skill and talent is a critical issue over the next five years, and the ability to attract and manage talent is the second most critical capability for tomorrow's CEO. Managing talent is a top-of-mind issue for business leaders all around the globe. 
 
MCB Group in Mauritius opts for an all-around talent management strategy. Their Strategic Workforce Planning Leader, Yumna Kadell, spoke during the webinar. “At MCB, we've decided to adopt a more inclusive approach towards talent management where we think that everyone is a talent, and everyone has potential at the organization. Our role as an HR professional, even line managers, is to support our talents in developing this potential. By adopting this inclusive approach, we ensure that we're not leaving anyone behind and we're including everyone, regardless of where they sit within the organization,” said Ms. Kadell.
 
For Michael Lor, Efma’s Senior Advisor in the Asia Pacific region, working hard to develop employees is an extension of a customer-centric approach. “All of us always say the reason we are here today is because of our customers. And without the customers there is no need for your bank. I'm a little bit different. I believe the reason we're here today is because of your employees. Because if you don't have your employees, you will not have your customers. If you don't have your customers, you will not have business success,” said Mr. Lor. 
 
Financial institutions face manifold challenges in their quest to attract and retain top employees. Jan Sládeček is a leading consultant on major IT projects and he has seen firsthand how retaining employees is not all down to compensation. “We had a strategy to ensure our salaries were competitive. But this is the only one part of the game. There are many other elements of course, such as mentoring and coaching, especially for newly hired people. Also, other benefits like flexible time and nice working environments. Finally, and maybe most importantly, the people are also given higher responsibility. So, if you trust the employee, and if you give him higher responsibility, then he's much more motivated and he's much more loyal,” said Mr. Sládeček. 
 
Those are just a few insights from the great webinar speakers. To find out more on how top leaders are approaching the pressing issue of talent management, be sure to check out the whole webinar at our YouTube channel:
 Also be sure to look at our new EBA offerings.  

Keywords:

Workforce management

Geography:

International

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