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Tuesday, 5 January 2016, 14:15 HKT/SGT

Source: marcus evans Summits
Why Defence Organisations Should Reconsider Their Talent Management Approach

LONDON, Jan 5, 2016 - (ACN Newswire) - Mark Taylor, Former Global Supply Chain, Logistics & Operations Executive at the Ministry of Defence UK, is the chairman at the marcus evans Defence Procurement Summit 2016 discusses the importance of strategic talent management.

"Logistics, looking back even only ten years ago, much was operated very organically with pencil and paper where people signed out materials, resources and managed inventory, manually. Now logistics is being operated by multi-billion pound logistics IT systems which has created a skills gap," informs Mark Taylor, Former Global Supply Chain, Logistics & Operations Executive at the Ministry of Defence UK.

Taylor is the chairman at the marcus evans Defence Procurement Summit 2016 taking place in Dubai, UAE, 3 - 4 April.

- Why is there a need to think more strategically about talent management?

Increasing competition in the global marketplace and the ever-growing skills gap has made it extremely challenging to find the right candidate at the right time. Acquiring the talent organisation's need to reach their objectives is much more complex than simply posting a job vacancy or promoting the next-in-line.

In order for a defence organisation to make its mission a reality, it must identify candidates who have the right skills, the right experience, and are the right cultural fit. Today, hiring and developing the right talent is the single most important component in achieving strategic and operational goals. Organisations that have the best-in-class approach to talent acquisition do tend to reap significant benefits compared to organisations that do not have the same focus.

The key to inciting a workforce to greatness is to align talent management with organisational strategy, that way organisations can define consistent leadership criteria across all their functional areas, and identify specific competencies, such as analytical, technical, education and experience, to cultivate for continuing increases in operational capacity.

- Why are companies under investing in their staff?

Investment in personnel by organisations is almost always driven by the economic environment in which it operates. At a first glance, organisations might think investing in employee training during economically challenging times would be counter-intuitive because it requires a significant monetary investment and thus increases costs. What organisations save in the lack of investment in the short term is very nearsighted, and they will suffer in their operational long-term output if their talent is not invested in the correct manner.

As professional logistics organisations they should have one core product and that is the talent and expertise of their people. If organisations do not invest in the development of their professionals, it would be akin to a manufacturer not upgrading equipment, yet still expecting improved productivity.

- What are the right skills staff currently need to succeed?

The supply chain management area has evolved from a loose affiliation among functions such as purchasing and logistics to an integrated, all-compassing and cross-functional discipline. Consequently, the extensive knowledge and skills required in the supply chain vocation has changed drastically. The top five skills currently in demand are communication, organisation and planning, teamwork and interpersonal, IT and problem solving skills.

From purely a defence perspective, the utilisation and reliance on complex Logistic Information Systems (LogIS) currently employed by defence and the military, has created an IT skill void. What were once seen as mainly junior roles in procurement and logistics are now considerably more complex, where even the most organic employee is required to operate multi-million LogIS. The reliance on such systems requires employees with significantly higher IT proficiency that has been seen in the past.

About the Defence Procurement Summit 2016

The Defence Procurement Summit is a premium forum bringing together the leading Defence professionals with the most renowned law firms and solution providers. As an invitation-only event taking place behind closed doors, the summit offers regional IP defenders and legal consultant an intimate environment for a highly focused discussion on the latest strategies for protection of intellectual assets. Taking place at the Hyatt Regency Dubai Creek Heights, Dubai, UAE, 3 - 4 April 2016, the Summit includes presentations on achieving value for money while delivering the best equipment to armed and police forces, investing in innovative technology and gaining full visibility of your supply chain by analysing and matching demand.

For more information please send an email to press@marcusevanscy.com or visit the event website at http://defencemea.marcusevans-summits.com/MarkTaylorInterview

marcus evans group -general business portal -www.marcusevans.com/reviews/business

Please note that the Summit is a closed business event and the number of participants strictly limited.

Luzdary Hammad,
Press Manager, marcus evans, Summits Division
Tel: +357 22 849 385
Email: press@marcusevanscy.com

Topic: Press release summary
Source: marcus evans Summits

Sectors: Daily News, Aerospace & Defence
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