The need to hire new talent increases as a company expands and grows. Finding, vetting, choosing, and finally hiring the best talent can take months, not to mention the significant financial strain it puts on an organisation.
Ghanshyam Sarda, a businessman and Jute baron, asserts, “Companies spend too much time trying to procure new talent; however, if we were to look closer: a lot of us will find industry-relevant and ready talent hanging out in the cafeteria. Companies focus far too much on increasing the headcount instead of investing in the existing ones.”
It is essential to continue training and developing the existing workforce. Up-skilling and re-skilling have the potential to improve your operations and transform them.
“The culture of your company is the foundation of everything. Encourage learning and reassess your workforce. You’ll be able to identify existing employees who are best suited for new responsibilities and positions—people you know much better than you would a new hire”, according to Mr. Sarda.
Upskilling and re-skilling the workforce have more advantages than one. The company can reduce recruitment costs as upskilling existing employees will help save time in hiring, training, and retaining fresh talent. It will let top talent learn, grow, and see their future within the company. Being in the upskilling and re-skilling zone can help the company predict future trends and act accordingly.
Here is Mr Ghanshyam Sarda’s advice for budding entrepreneurs
Leading by example, Mr. Ghanshyam Sarda has been instrumental in upskilling countless jute mill employees by setting up a professional training centre – a first of its kind in India. The training provided by the centre enhances productivity and improves the efficiency of the Sarda Group of Industries employees. Notably, the Group has eight jute mills in West Bengal, producing over 500 tons of jute goods daily. Being one of the top employers in West Bengal, the Sarda Group employs around 50,000 people.
