Leadership And Talent Challenges In Asia

We undergone for two Months of research across Asia (Singapore, Hong Kong, Tokyo) and interact with dozens of Human Resources and business leaders with the help of JMRB Technologies in India. It was a fascinating discussion and I want to share a few thoughts.

Acute Leadership Gaps:  Asian Leaders Behave Differently.

It’s easy to generalize about Asia (ie. the economies are growing rapidly, nationalities vary widely, distances are long) but in many organizations the challenges companies face are similar or identical to those in other countries. I met with banks, hospitality companies, a few government agencies, and a variety of insurance and financial services institutions.

In each case HR leaders are dealing with leadership issues. We did a workshop on high-impact leadership development in Hong Kong and most of the large organizations there are quite advanced in their thinking. Do competency models vary by country? Do we want to look for different leadership styles in different countries? Yes, people confirm that leaders must have tremendous cultural agility and awareness in Asia, but ultimately leadership is leadership.

As the figure above shows, there are differences in leadership styles by culture (here we tend to value the “rugged individual” style). So while core leadership capabilities are the same everywhere, people agreed that style matters and leaders have to adjust to the needs of the local culture. (This is often called “cultural agility.”)

One of the senior leaders reflected that their young leaders are the most culturally agile and that differences in leadership culture are getting lesser as young people enter the leadership ranks. And it is important to build leaders locally – expatriate leadership is difficult, so companies want to accelerate development of leaders from the region.

According to my View: there is a vast opening in India for all level of talents in India, but there is a lack of skills from candidate and the expectation from company is also so high, so we can't balance the equilibrium of the expectation can't fulfilled, so the fulfilment ratio is getting less & we are get into the challenges.

HCL Technologies net up 7.8% at Rs 2,070 crore

HCL Technologies, the fourth-largest IT company in India, on last month posted a 7.8% jump in net profit at Rs 2,070 crore for the December quarter, helped by growth in public services business and infrastructure services. The stellar performance of HCL comes when its peers TCS and Infosys failed in the market. Revenues for HCL were up 14.2% at Rs 11,814 crore in the third quarter over the year-ago period. This is in line with the market expectation.

"We continue our robust financial performance with a revenue growth of 3% q-o-q in constant currency terms... We expect our 2016-17 revenues to be in the middle of this range,” said HCL Technologies President and CEO C Vijaykumar. HCL Technologies third quarter results for FY17 beat street estimates with US dollar revenue growth much ahead of what the markets had estimated. In dollar terms, the top line was higher by 11.4% at $1.74 billion while profits grew 5.2% to $306 million. The company also maintained that growth for FY17 will be in the range of 10% to 12%.

The US dollar revenue of TCS grew 0.3% and Infosys US dollar revenues declined by 1.4%. In dollar terms, the top line was higher by 11.4% at $1.74 billion while profits grew 5.2% to $306 million. The company has announced a dividend of Rs 6 per share. The Noida-based firm has maintained its revenue growth outlook of 12-14% for 2016-17 (based on average exchange rates for 2016-17) in constant currency. HCL Technologies' total headcount stood at 1,11,092 at the end of December 2016, with a gross addition of 8,467 people. 

The attrition for IT services on LTM (last twelve months) basis stood at 17.9%. Commenting on the impact of new technologies like automation and artificial intelligence on future hiring, Vijaykumar said the headcount may grow only 5-6 per cent. "There is going to be some optimisation due to automation... Last 4 years, our revenues have grown at about 12 per cent CAGR, but headcount has grown only 6-7 per cent, which means it's non-linear. This year, we are growing at 12-14 per cent, but headcount may grow only 5-6 per cent," he said.

He maintained that hiring will be across categories, including laterals and freshers. HCL Technologies reported broad-based growth across all revenue segments with the Americas and Europe growing by 13.6 per cent and 17.6 per cent, respectively, year-on-year. For the quarter to December, HCL Technologies had cash and cash equivalents of Rs 2,214.5 crore. It signed nine transformational deals this quarter across service lines, industry verticals and geographies.

As per my observation about HCL, HCL should plan to grow up to the next level in technologies to upgrade their current tools using for internal purpose, there is a news from the market analyst, HCL still using an old tool for recruitment it should be  upgrade to speed up the process, there is a huge delay is happening in HCL for on boarding the candidates in HCL. Most of the candidates declined the offer due to delay in process of BGV & so on,To unleash the power in HCL with the right candidate is required to increase the percent rate from 7.8 % to minimum 9.5% in total business.