Empower youth to scale greater height

In the 1970s, population explosion was considered detrimental to the growth of the country battling with meagre resources (read capital). The family planning drive, spearheaded by Sanjay Gandhi, was astonishingly supported by the middle class of that decade. That the drive led to the downfall of the Indira Gandhi government is another story.

Ironically, today, when the population of this country has doubled from what it was in 1970s (61.3 crore in 1975), it is being considered a boon. Piles of reports from the best consultancy firms in the world, including the often-quoted BCG report on BRIC, puts India in a special list of nations poised to leapfrog into the league of economic superpowers soon. The emphasis is increasingly on the growing young population.

One study quoted by Ruchir Sharma in his book, Breakout Nations, says that the average age of an Indian would be 29 years by 2020. Compare it with that of China (37) and Europe (49), clearly the mood of the nation and youth here is upbeat.

To cruise into the league of superpowers, it is not sufficient for India to just have the staggering population. The country needs to provide the right opportunities in education and impart the right skill sets to youth. The key to this growth is an educated mass. While the literacy rate may be close to 70 per cent in the country, the number of people who can actually read, write, add and subtract is abysmally low. Lack of teachers and inability to reach out to these millions (at an estimated 600 million people with less than 25 years of age) is going to burst this dream if something is not done quickly. Click here to read more...

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India today stands amongst the league of nations which experienced a robust growth in the last decade, but the demand for quality education remains high as ever. Despite increased spending, education with a purpose has been a long-missing ingredient. During Indo-Global Education Summit 2012, the Andhra Pradesh government indicated to bring in radical changes to the higher education system to give education a well-deserved purpose. The government also maintained that the higher education in the state would focus on skill development and improving employment chances of graduates by facilitating collaborations with foreign universities, rather than focusing on the grade, marks education regime.

India has made a huge progress in primary education and expanding literacy rate, but faces stern challenges in higher education. A recent study on ‘Present Performance and Public Expenditure of Higher, Secondary, Primary and Women Education in India’ states that despite all efforts over 25 per cent of the population is still illiterate; only 15 per cent of Indian students reach high school, and just 7 per cent graduate. The quality of education, whether at primary or higher level, is significantly poor as compared with major developing nations. As of 2008, 25 per cent of teaching positions nationwide were vacant and 57 per cent of college professors lacked either a master’s or PhD degree. Click here to read more...

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Spreading the horizons of knowledge

When industry and academia join hands knowledge acquisition gets promoted, education reaches occupational standard, and jobs penetrate remote domains. Leaders across intellectual strata, including eminent names from government, business and academia, gathered to attend ‘One Globe: 2012, Uniting Knowledge Communities’, held in New Delhi on February 3 and 4, 2012. The two-day conference was inaugurated by Mr. Kapil Sibal, Union Cabinet Minister for HRD & Communications as well as Information Technology, Government of India.

Home to nearly a quarter of the world’s population, South Asia is expected to add 40 per cent to world’s ‘working’ population in the next few decades. The conference was an initiative in this regard to create knowledge-based economy across South Asia, discussing and learning about one of the most pressing and practical challenges of the region.

The Taj Palace hotel, hosted the conference which covered the holistic gamut of education, economy and industry with topics such as, ‘The Role Of Education In Economic Development,’ and ‘A Global Perspective To Higher Education in India’. Click here to read more...

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Tough time calls for smart decisions. When the global recession struck India, Tata Consultancy Services (TCS)took a look at its hr policies and practices to attract talent with optimum cost utilisation

In 2009, the global economy grappled with the most severe economic shock. The defaults on subprime mortgages (home loan defaults) led to recession in the U.S. which significantly affected Indian IT companies, TCS being one of them. U.S. clients took a cautious approach and postponed all outsourced projects, which led to financial crunch.

The biggest challenge for TCS in this economic downturn was to survive and remain competitive. The attrition rate recorded in TCS during this time was at 12.6 per cent in comparison to IT services attrition rate at 10.8 per cent. With rising manpower requirements due to heavy lay-offs, TCS was increasingly hiring non-technical science graduates, which posed a challenge for HR trainers to bring them on a common platform with other employees.

As the recession unfolded, it created the need for HR to take a fresh look at traditional models. Traditional model of HR focuses on administrative functions: benefits, compensation benchmarking, dispute resolution, employee grievance, and performance review and rules compliance. It was the time for management to understand the actual needs of the employees and the employers, and strike a balance, redesign the new roles of HR as per the need of company objectives and market environment.

So, what was the mantra adopted by the HR to ensure the company strategy and people strategy are in sync to create employee value proposition? Read more...

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