Talent Management and Return on Talent (ROT) from the Lens of Engineering Consultancy

Authors

  • P. K. Chatterjee Senior General Manager (I/c), MECON Limited, Ranchi
  • Partho Pratim Chatterjee Co-Founder and Technical Advisor, Aditya Bioinnovation Private Limited, Nagpur

DOI:

https://doi.org/10.33516/maj.v55i7.99-102p

Keywords:

No Keywords.

Abstract

Human talent plays an indispensable role in business of intellect services like engineering consultancy, management consultancy, legal consultancy, financial consultancy, tax consultancy, health care, etc. In such industries, the relevance of people (talent) management is un-debatable and its practice quintessential as talent constitutes the central force and forms the nucleus of the business. Congruously, in engineering consultancy, a Consultant’s identity in the industry is established through its people (engineers) involved in rendering detailed engineering and project management consultancy (DEC-PMC) services to Clients. However, managing talent from recruitment to retention is not a cakewalk. This calls for resorting to contemporary practices encompassing a myriad of novel facets. In this back drop, the paper dwells upon issues like understanding role of human capital (engineers), talent management system, talent life cycle, return on talent (ROT), etc. to achieve HR objectives and organizational goals in the context of engineering consultancy.

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Published

2020-07-31

How to Cite

Chatterjee, P. K., & Chatterjee, P. P. (2020). Talent Management and Return on Talent (ROT) from the Lens of Engineering Consultancy. The Management Accountant Journal, 55(7), 99–102. https://doi.org/10.33516/maj.v55i7.99-102p

References

Banerjee, Prof. Shyamal, (2013), Return on Talent, The Management Accountant, Volume 48, No.3, March, p 267-268.

Carlzon, Jan, (1987), Moment of Truth, Ballinger Publishing Company, Cambridge, Mass as cited in Das Ranjan, Strategic Management of Services: Framework and Cases, Oxford University Press, Delhi, p 9.

Chatterjee, P. K. and Prasad, Prof. A., (2002), Customer Orientation in B2B Marketing - Making it Happen in Engineering Consultancy Sector, Vikalpa, Indian Institute of Management, Ahmedabad, Vol. 27, No. 1, January – March, pp 35-43.

Chatterjee, P. K. and Prasad, Prof. A., (2003), Strategic Issues for KAM Implementation in Industrial Marketing, Vision, The Journal of Business Perspective, Management Development Institute, Gurgaon, Vol. 7, No. 2, July-December, pp 25-35.

Chatterjee, Dr. P.K. and Chatterjee P.P., (2019), Marketing of Engineering Consultancy Services : A Global Perspective, American Society of Mechanical Engineers , January, New York, USA, pp 5-6, p 48.

Chatterjee, Dr. P. K. and Chatterjee Partho P., (2019) Marketing of Engineering Consultancy Services: Competing Through People (Engineers), AIMA Journal of Management Research, May, Volume 13 Issue ¼, pp 1-22.

Chowdhury, Subir, (2002) The Talent Era: Achieving A High Return on Talent, Prentice Hall Inc. New Jersey, NJ07458, pp 84-85, 145.

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