A presentation on the article "Reskill or Perish" published in BusinessManager Aug 2017 https://www.businessmanager.in/re-skill-or-perish.php

2. WHERE ARE THE GAPS
 UP-SKILLING or RE-SKILLING
 SOFT SKILLS
 CONTINUITY

3. RE-SKILLING NEED TO BE METHODICAL
 CRUCIAL SKILLS TO REMAIN EMPLOYABLE
 Cross-Functional
 Cross- Technical
 Expand theoretical knowledge

4. HOW CAN THIS BE ACHIEVED
 BUIILD IN-HOUSE TRAINING
DELIVERY SYSTEM
 LABOUR MARKET INFORMATION
SYSTEM
 Where the jobs are ?
 What skills are needed?
 What are the career progression
in that role?

5. CONCLUSION
 Due to state of consolidation
 Job creation < Job cuts
 Quality of new jobs will be specialised,
advanced and more niche than the existing
jobs.
 Industry players want
 Multidisciplinary skills
 Knowledge of technology

6. Re-skilling focus for India
 Organizational capacity building
 Mentoring and Re-mentoring
 Revamp the Re-skilling programmes
 Employers should start hiring for employability

7. Up-skilling and re-skilling – Employee Perspective
 FOUNDATIONAL SKILLS as important
as JOB- SPECIFIC SKILLS
 People with “RIGHT KIND
OF ATTITUDE”
 SELF-MOTIVATED people

8. EMPLOYER UNDERSTANDSUP-SKILLINGBETTER
 Its employer’s duty to re-skill the employees.
 Provide them with the right knowledge and skill set.
INVESTMENTIN ASSESTSIS A SIGNOF SMARTENTREPRENEURSHIP
 Employees are the asset for an
organisation
 Every profitable asset needs due
attention
 But only 10% companies are
investing to re-skill their employees.

9. MOTIVATIONMATTERS
 EMPLOYER SHOULD
 Motivate their employees to attend training and
development programs
 EMPLOYEE SHOULD
 show their agile
behaviour ; interest in
learning new skills

10. THE APPROACHOF RE-SKILLING IS CONEXT AND
NEEDBASED
 No Straight jacket approach to re-skilling, it is
totally context and need based
 Organization should indulge in re-skilling the
employees when the impact is high.
 Re-skilling/Up-skilling helps organization
 To lessen some financial cost incurred in re-hiring
 Investing in up-skilling employees pays off in the long
run

11. The beginning of volatility
 Job creation has slowed down
 Unemployment is on the rise
 Lower economic growth

12. IMPACT OF EVENTS ON JOB INDUSTRY
• W.E.F REPORT
• I.L.O’S World Economic & Social Outlook
• Local & global events
• Donald trump
• Demonetization
• Brexit
• Technology disruptions

13. RBI’S CONSUMER CONFIDENCE INDEX

14. GROWTH IN SOME KEY SECTORS
• Michael page report
• NBFCs
• Healthcare
• Infrastructure & manufacturing
• Get rid of labor laws
• Team Lease report

15. THANK YOU