1. 1 TFT-Talent for Technology Abstract The high inventory of talent/bench does not work (due to billing pressures and competition) and demanding talent on time anyway does not work anymore. Technology comes to aid whenever business predictability reduces; technology and new processes facilitate standardization, innovation and scalability. Technology for Talent (TFT) is the way for the future. The ultimate success for the TFT lies in Talent Maximization - it should be able to negatively impact attrition & positively impacting Talent attraction and talent retention. TFT: Technology for Talent

2. 2 TFT-Talent for Technology TFT Technology for Talent Technology for Talentsounds like another new buzzword... But the reality is that high inventory of talent/bench will not work (due to billing pressures and competition) and demanding talent on time anyway does not work anymore. Arguably, whenever business predictability reduces, technology and new processes facilitate standardization, innovation and scalability. Hence, Technology for Talent (TFT) is the WAY but the challenge lies in answering its HOW. Before, we look at HOW lets understand WHAT! Success of TFT - Technology for Talent depends on an integrated approach which encompasses Market Reality (limited pool, hidden passive seekers) HR Sensitivity (cultural fit, compensation budget) Talent Processes (interviews, offer management, candidate communication) Outcome (process validity, meeting number targets) Impact (right people with right skills into the right jobs) HR and business leaders are keen to explore newer ways to source people, reduce no-shows and increase the stay. On the other hand an employee is keen to know where his/her career anchors lie, what is the best choice! Hence, an eco-system where technology blends with this new market reality and services (strong recruitment process management) will define the success of new talent supply chain. So, what this approach can be.or what is this HOW? Ingredients Lets look at any major ERP and you will see a huge depth at four levels: Business processes that literally drives the organization engine Domain expertise that makes the application being used by functional experts Industry relevance that makes it acceptable across Business intelligence that facilitate decision making A closer look at TFT would be no different from an ERP but then why there is not much action in TFT space. Myth is that it requires research (means time) and investment (money) because of which most of small players do not focus on it and large ERPs find it too small a problem to handle in the overall context of business. 3. 3 TFT-Talent for Technology Barring the few exceptions like Taleo in the space of TFT there is not much to see. Academia is doing research / IT companies are building applications to manage hiring processes and HR experts are finding new ways to handle it /Jobsites are focusing on converting more and more passive seekers to active. Imagine TFT that combines all these ingredients wherein Research (kind of strong talent lab) acts as the base of technology and HR experts write the processes and Web 2.0 platform unifies the passive seekers with SaaS (software as a service) based platform that provides the whole process with business intelligence for talent processes. Hence, this TFT will truly pass the test of time and will provide a robust solution. Validity & Accuracy For a Product to create its intended impact, the validity is important (For example, to ensure the validity of the product the algorithm needs to be propounded by research team & Domain Experts). On the other hand, the accuracy of any Product cant be ensured unless a significant dataset is applied. Hence, the key is to increase the predictability of the product by constant training of the model. True success Both Validity & Accuracy are incomplete, if the Product fails to map and make it real time enabling decision making during Talent Acquisition and also during Talent Retention. Hence, industry acceptance, live data and benchmarking is of utmost importance where employers are able to predict and meet their talent needs for human capital. Myth IT product is about technology and will succeed in talent parlance actually such applications / products are either supplementing an ERP from hiring perspective or a niche application for hiring process management. With a proper mix of Domain awareness, thought leadership an IT Product can do wonders in achieving the desired result. Hence, strong TFT brings that holistic solution The ultimate success for the TFT lies in Talent Maximization - it should be able to negatively impact attrition & positively impacting Talent attraction. Im glad that this vision, which looked far from reality, is now taking shape and will create an impact in times to come. I hope you have found the perspective interesting and useful. Please feel free to ask queries and give your suggestions - vishal@peoplestrong.com. . 4. About PeopleStrong PeopleStrong is a leading platform based mpHRO (Multi-process HR Outsourcing) and Technology company, headquartered out of Gurgaon in India. We enable Business Leaders and CEO's in transforming their people agenda. Our proposition value is further enhanced by the fact that customers see us as trustees of HR Transformation, partnering in their prime objective of creating Happy Organizations. We have implemented some of the largest HR Service Centers in Asia Pacific. We deliver employee services across regions and time zones for more than 300,000 employees and have hired more than 40,000 employees through a unique technology interface coupled with high end decision making Tools for people data. We are the first company in the space to be successfully assessed on SSAE16.For details more details, visit www.peoplestrong.com Corporate Office PeopleStrong HR Services Pvt. Ltd. A-10, Infocity, Sector 34, Gurgaon-122001, Haryana, India. Ph no: 91 124 4782400 Email: contact@peoplestrong.com Bengaluru | Delhi | Gurgaon | Hyderabad | Mumbai Authors Profile Vishal Saha - Chief Technology Officer & Chief iQF Vishal is Chief Technology Officer & Chief iQF at PeopleStrong and is responsible for aligning the company's technology strategy with the overall business strategy. He has rich experience in developing & managing Technology Solutions and has architected several Products in the ERP, Supply Chain & HR domains with in-depth knowledge in developing & managing solutions. Prior to PeopleStrong, he has worked with some large global corporations like IBM, HCL Tech. & Tech Mahindra. Vishal holds a Bachelor degree in Technology from Indian Institute of Technology, Delhi. Vishal can be reached at vishal@peoplestrong.com