By Martin Conboy
The ability to attract, develop and retain talent within a constantly evolving environment is fundamental to the success of any outsourcing provider. Likewise, failure to invest in human resources will bring grave consequences.
Everybody knows that the three pillars of people, process and technology are fundamental to driving innovation and business transformation. It’s a given that all outsourcing relationships should be built on these three pillars. And the most important of these in driving value and competitive advantage is people.
However, as Phil Fersht President and Chief Executive Officer for HFS highlighted in a recent article, out of the three it’s talent that is often given the short end of the stick when it comes to establishing and managing outsourcing relationships.
The “Talent Paradox”
Both outsourcing providers and buyers fail to realise the importance of investing in the key driver of value creation – people – which has created what Fersht refers to as a “talent paradox.” As outsourcing moves from focusing on labour arbitrage to adding value through innovation, vendors and buyers need to make the necessary investments in the key driver of value creation – people.
“If outsourcing is to deliver on its full potential, buyers as well as providers need to invest in developing the skills and talent to capture the greater levels of value available from fourth and fifth generation BPO solutions,” said Mike Salvino, group chief executive, Business Process Outsourcing, Accenture.
The ability to attract, develop and retain talent within a constantly evolving environment is fundamental to the success of any outsourcing provider. The need for agents with specific yet transferrable skills is becoming more and more critical.
Organisations are viewing customer care as a strategic differentiator, and employees have a tremendous impact on that. Employee competency and satisfaction will determine customer satisfaction and the experiences customers have with your organisation.
Courtney Ada, Customer Success Manager for OracleCMS, commented recently, “I think some of this change began during the GFC when companies were really challenged to do more with less. Improving your ability to recruit and retain talent is one way to deal with that.”
Read full story. http://www.theoutsourcing-guide.com/article/investing-bpo-talent/