As we move ahead in our careers, we focus more on the conceptual skills, leaving aside what forms the base of skill development – the technical and functional skills. Mr. Bijay Sahoo, President – H R at Reliance Jio Infocomm emphasizes on the developing technical skills in India, especially when the country has a second largest workforce in the world and merely 2% are skilled.
Mr. Bijay Sahoo presented insights from his extensive research in the area of Skill Development at the Thane HR podium on 20th March, 2015 . Thane HR Group is a group dedicated to bring together the HR talent pool to a common platform.
Understanding the Skill Demographics
A. Workforce Statistics
The global workforce in India comprises of 3.3 Billion. India is the second largest workforce of 1.2 Billion after China. We have an edge over China with respect to our young population i.e 65% of our workforce is young. 12 Million seek jobs in India and the country is adding 1 million workforce every year. 1.2 crores Indians are currently unemployed and we stopped creating employment after 2011 onwards.
B. The ‘Made in China’ Vision
In 2010, IT started creating employment. Today, we receive 125 billion dollars from IT sector. However, Approx. 100 crores of such money is spent on an expensive Apple phones and other such luxury items which are imported from abroad.
80% of goods in the world are manufactured in China. So, a large portion of our income ultimately is shared with our neighbor country. Similarly, 80% of Intellectual Property income of the world goes to USA.
Interestingly, China has started lower level of designing. This means they are getting into IP slowly and steadily. Even though USA is currently a 16 trillion dollar economy and China is a 9 trillion dollar, USA has increased with merely a 2.2% GDP and China with is growing at a steady rate of 7.4%.
We see that India has to learn from it’s neighbor country to ‘think in advance.’
C. The Indian Skill Problem
India has merely a 2% skilled workforce. The world is ageing, Mr. Sahoo mentions, India needs to prepare it’s manpower. This needs to be at a technical level i.e. an ITA level.
According to Mr. Sahoo, there is a huge % of employers having difficulty in filling job vacancies. In it’s growth phase, India has shortage of skills, whereas UK’s vocational education seems to be mature enough to meet it’s current skill demands.
Disruptive & Emerging Technologies
Research has identified 12 technologies that will create 30 trillion dollars in the coming time. Any talent amongst us in these 12 technologies, will fetch us the next fat salary.
These disruptive & emerging technologies are :-
Automation of Knowledge Work. This Also Includes Ecommerce.
Internet of Things.
Next Generation Geononics
Advanced Materials (Gene Sequencing)
Advance Oil and Gas Exploration
Suggested Solution on Indian Skill Gap
New Frontiers for HR Department
In the changing world, ‘Employability’ has become more important than ‘Employment’. This means skilled people, in the coming times, will work for multiple companies. One person will take salaries from 4 companies.
People will also work after the retirement age.
The emerging technologies will shift the demand for skills.
Disruptive technologies like “automation of work” will make the HR jobs irrelevant.
HR needs to think in terms of what the enterprise needs and how can I fill the gap in the fastest way.
While skill development is crucial, India needs to develop skills for the ‘Next Big Thing’.
About Thane HR Group
Thane HR Group was founded in the year 1996 with an objective of getting the HR Professionals staying or working in Thane District on a common HR platform. Over a period of 18 years, Thane HR Group had many HR experience sharing meeting. Thane HR has successfully arranged for more than 150 such programs, absolutely free of cost!
You can connect to Thane HR Group through the following website –
About LNML Maharashtra Institute of Labour Studies
LNML Maharashtra Institute of Labour Studies is an independent department under Maharashtra Labour Ministry. It is one of its kinds in the field of labour studies. It has a glorious past of 67 years and has emerged as a stronger body which has contributed to the economy and industry in many ways.
You can connect to LNML Maharashtra Institute of Labour Studies through the following website –
Website – http://www.mils.co.in/
Maharashtra Government Website – http://mahakamgar.gov.in/MahLabour/mils-index.htm