igKnight

warrior

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The knight to say he is here for you,
To hold your hands and talk you through,
Who understands your blue,
Cuddle a little and pamper you too!

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Wiping away that feeling of being alone,
Stitching the parts that are torn,
Releasing your suppressed mourn,
Strengthening you to face the dark unknown!

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Days pass and you await his alight,
Mighty and brave who stands upright,
All your battle he stands to fight,
That knight is you, looming you to ignite!

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When you choose to heal what you broke,
The Knight in the mirror will evoke,
Brave out, smile and clear the choke,
Champion your life with that master stoke!

 

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The Moment When We Are Complete

 

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As years pass by, we try to grow,

We give a small piece of ourselves to those we know.

 

Yet a distinct lump is retained inside,

Unrevealed, Pure and Mystified.. it remains best kept in the silent hide.

 

We keep that unique piece saved for the day,

When a special someone with charms can take it away.

 

When we are robbed of that masked morsel in our new meet,

Is the moment when we are complete!

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The Economic Outlook @ Thane HR

Economic conditions directly impact HR as they provide a background to determine the recruitment, development & retention policy for the organization to meet it’s customer needs. Thane HR professionals got an excellent opportunity to receive an overview of the country’s changing demography & it’s impact on the third largest economy.  On 18th March, 2016, Thane HR Group invited Mr. Prashant Jain, Executive Director & Chief Investment Officer, HDFC Asset Management Co Ltd (Popularly known as HDFC Mutual Fund) to share his take on the current Indian economic outlook.

Indian GDP Outlook:

Real GDP growth rate for India was around 7.5% in 2015 and Nominal growth rate was around 12%-13%. A nominal GDP will often appear higher than the real GDP, as real values are adjusted for inflation, while nominal values are not.

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Referring to the image above, you will notice that Indian economy is growing at a static rate i.e. from 15% (1991-2000) to 14% (2001-10) to 15% (2011-15).

Why is Indian Economy Growing?

Rising Population

Every year, India’s population is increasing by 2% leading to a steady increase in the rate of consumption.

Nuclear Families

Large number of joint families are breaking down to form nuclear families. About 1% increase in consumption rate is experienced annually due to this reason.

Penetration Levels of Consumer Durables

Mobile phones which are just 15 years old in the country, have penetrated the 80% – 90% of Indian market. On the contrary, motorcycles & cars have been able to cover 40% &  8% respectively. This shows the growth potential that Indian markets still possess.

Consumer Choices

Due to more consumer product offerings, new items are frequently bought.


Outlook into Indian Equities:

IMG_20160318_204819

Volatility in the Short Run

Markets give volatile returns in the first few years. However, as the holding period increases, the volatility come down to providing returns which fall mostly between 11% – 19%. This is because Indian GDP growth is around 15% every year.

Correlation Between Sensex & Equity

If profits grow by 20%, the value of company also increases by the same percentage. The value of the company is in correlation to the profits of the company. At the same time, we understand that Indian GDP growth & the growth in Sensex go hand-in-hand. This is because Sensex has the tendency to correct itself to be higher or lower based on the GDP growth.

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Insights by Mr. Sharad Gangal, Executive Vice President HR , Admin, IR, Thermax

 

With one million new entrants joining the labour force every month for the next 20 years, Skill India has gained a corner stone importance. While, India’s biggest contribution comes from Service Sector, there is a need to leverage the Manufacturing industry that has the capability to provide employment to the increasing population. HR needs to be awakened and aligned to deal with the emerging Employee Relations in the country. He emphasized the below mentioned pointers:-

  • Awareness on ER is missing. it is rare to find a skilled ER/IR manager as compared to an OD or Comp&Ben expert. 

  • Apart from Dunlop’s Systems Theory, we do not have a strong theoretical model in the IR field. There is a need to encourage research and more thinking in this field.

  • Contract Laborers are our responsibility. Organizations need to take proactive steps to further regulate the conditions of Contract workforce. One has to be judicious for the disparity between the different working units in the organization.

  • Today, workers lookout for income security as compared to job security. This is a critical reason for the employees not to join unions. Once direct communication between workers & management flourishes, unmerited union demands are tapered off automatically.

Conclusion

While a lot of tittle-tattle occurs on where to invest and when to invest, Mr. Prashant Jain suggested to enter in the mutual fund market especially when the bull does not seem that strong. Eventually, the head-strong bull will equate itself to the growing GDP. Moreover, if you are confused between the different funds, bet on anyone that has given consistent returns more than the market rate, over a long period of time!

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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 –

 FB – https://www.facebook.com/groups/ThaneHR/

LinkedIn – https://www.linkedin.com/groups/Thane-HR-Group-136361/about

Transcendence

Moving along a journey unknown,
Only this time I am not alone!
Someone’s spans the road with me, 
Someone who says ‘Its ok! Be carefree’.

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Path is unclear, the vision is blur, 
Small steps we take holding each other,
Life is changing deep within,
Lively and open, I allow life to seep in.

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Caterpillar to butterfly, I fly with open wings,
Grateful to Him and His blessings!
In just a few days, how different is life,
I have a husband and I am someone’s wife!

Frozen

I wonder about the path that is chosen,
About the ways relations have taken,
About the hearts that are frozen.

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Do I want them be melted again?
Will new efforts go in vain?
What can heal the pain?

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Downs of life?
Or is it a learning through strife?
Frozen friendships are sharper than knife.

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 Purity in my soul, then what went wrong?
Is it time to be tractable, or be headstrong?
Inability.. to explain or to belong?
True friends don’t leave, they walk along!!

The Learning Curve

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Every morning has a learning in store for me these days,

Life is enriching me in its VUCA ways.

Learning to value myself, and the small gifts I have,

Expressing gratitude to those who are standing there!

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Realizing those who failed me, and those who shined,

Learning to let it go, to be kind.

Learning to speak up, and express the suppressed.

Nurturing dreams and strive for the zest!

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On being engaged, welcoming a new wonderful life,

From a pampered daughter, learning soon to be a loving wife.

Trying to know him more in this courtship stage,

And slowly falling in love with him in an arranged marriage.

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Life is sliding beautifully to a fresh pool of maturity,

Abounded with unconditional love, lifelong commitment and divine purity.

This maturity teaches me that I cannot take the wrongs and make them right,

But as I wake up each morning, I can choose to see the light!

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Bijay Sahoo on New Frontiers of Skill Development @ Thane HR

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.

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Mr. Bijay Sahoo, President – H R at Reliance Jio Infocomm

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.

Global Skilled Workforce

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.

Demand Supply Skill Gap

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.

Emerging technologies

These disruptive & emerging technologies are :-

  1. Mobile Internet

  2. Automation of Knowledge Work. This Also Includes Ecommerce.

  3. Internet of Things.

  4. Cloud Technology

  5. Robotics

  6. Automation Vehicles

  7. Next Generation Geononics

  8. Energy Storage

  9. 3d Printing

  10. Advanced Materials (Gene Sequencing)

  11. Advance Oil and Gas Exploration

  12. Renewable Energy

Suggested Solution on Indian Skill Gap
Skill Gap Solution in India

Skill Gap Solution in India by Mr. Bijay Sahoo

New Frontiers for HR Department
  1. 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.

  2. People will also work after the retirement age.

  3. The emerging technologies will shift the demand for skills.

  4. Disruptive technologies like “automation of work” will make the HR jobs irrelevant.

  5. HR needs to think in terms of what the enterprise needs and how can I fill the gap in the fastest way.

Conclusion

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 –

 FB – https://www.facebook.com/groups/ThaneHR/

LinkedIn – https://www.linkedin.com/groups/Thane-HR-Group-136361/about

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/

LinkedIn- http://www.linkedin.com/profile/view?id=285636594&locale=en_US&trk=tyah2&trkInfo=tas%3Amils%20%2Cidx%3A1-1-1

FB – https://www.facebook.com/milsplacementcell

Maharashtra Government Website – http://mahakamgar.gov.in/MahLabour/mils-index.htm