Formal Talent Pipeline Development Strategy

This document is a guide detailing the formal talent pipeline development strategy employed by Persistent Systems. It outlines the proactive measures taken to forecast hiring needs and develop new talent pools to ensure a competitive edge in the technology services industry. The strategy includes a data-driven approach for forecasting future hiring needs through collaboration with business units and monitoring external market trends. Additionally, it describes the internal talent development initiatives aimed at fostering continuous learning and upskilling among employees. The document also presents the company's engagement with external talent through partnerships with educational institutions and industry communities. Key performance indicators are defined to measure the effectiveness of the talent pipeline strategy, including time to hire and readily available talent. Continuous improvement processes are highlighted to adapt the strategy based on feedback and industry trends, ensuring alignment with business goals.