Today’s world is not what it used to be just two years ago. And India – with all the resilience she has shown over the last 10 quarters – has the potential to emerge an economic might only if the teeming millions that are born and brought into the workspace are allowed to break free of the shackles of the Ovarian Lottery. What this takes is the moot point the 5-year Special addresses.
Take a sneak peek at The India Labor Report: 5 year Special. Comment or message me if you liked it and you will receive the complete report when it releases early November.
This paper analyses the current scenario of skilled workforce of Indian Economy and future requirement
of skill development. The paper also outlines skill gap in various sectors, the key issues and policy
implications to address those issues and challenges in Skill Development and Productivity arena.
This report investigates student awareness, interests and aspirations around general and vocational education. Using a survey administered to students from class 10 to undergraduate students in four town of four district of Odisha (Khurdha-Bhubaneswar, Cuttack, Bhadrak and Jajpur), we attempt to gain a better understanding of student aspirations, awareness levels, sources of information, key stakeholders and factors that influence their education and career choices. We then map student interests against sectors that are slated to experience the highest growth in terms of job creation. Our results indicate aspirations of students are largely misaligned with the needs of the Indian economy. It is important to create opportunities, generate awareness about various career options and the respective pathways available to realize career goals. The report outlines the key strategic options that can be considered to bolster the country’s response towards creating a skill development system that is responsive both to the aspirations of the youth and needs of industry.
This paper analyses the current scenario of skilled workforce of Indian Economy and future requirement
of skill development. The paper also outlines skill gap in various sectors, the key issues and policy
implications to address those issues and challenges in Skill Development and Productivity arena.
This report investigates student awareness, interests and aspirations around general and vocational education. Using a survey administered to students from class 10 to undergraduate students in four town of four district of Odisha (Khurdha-Bhubaneswar, Cuttack, Bhadrak and Jajpur), we attempt to gain a better understanding of student aspirations, awareness levels, sources of information, key stakeholders and factors that influence their education and career choices. We then map student interests against sectors that are slated to experience the highest growth in terms of job creation. Our results indicate aspirations of students are largely misaligned with the needs of the Indian economy. It is important to create opportunities, generate awareness about various career options and the respective pathways available to realize career goals. The report outlines the key strategic options that can be considered to bolster the country’s response towards creating a skill development system that is responsive both to the aspirations of the youth and needs of industry.
latest and factual report on Job Market India 2015 is released by Skills Ahead. It explains the current demands of Engineers and MBA graduates across all Industry sectors in India. Also it provides in-depth analysis on Skill demand and supply gap and way forward.
Themicro, small and medium Enterprises (MSMEs) are the growth accelerators of the Indian economy and for promoting equitable development. The MSME contributes about 30% of the country’s gross domestic product (GDP). In terms of exports, they are an integral part of the supply chain and contribute about 40% of the overall exports.Micro Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The study aims to analyse the sustainability and success of MSME in India
This is regarding India ,s economy growth condition .India is growing without adding Job .This phenomenon is called Jobless Growth .Government policies to mitigate the same
Changing work and its impact on Human ResourcesDebasis Ray
A proposed solution which can convey how the nature of work is changing and what your country/sector governments can do to prepare and support their workforces
High Growing Economic Sectors “Opportunity For Entrepreneurs ” in India fo...karrox
India will have a demand for 85-90 million people across various sectors, and the majority of the demand will come from high-growth industries like IT, outsourcing, banking, retail, telecommunication and healthcare. Research report as aggregated by Karrox IT technology
Difficulties Small Business Face Due to Marekt Conditionsijtsrd
Micro, Small and Medium Enterprise (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The researcher has tried to find out the possible difficulties that small enterprises face in the market. The reasons behind the failure of maximum small enterprises in Indian market. The market policies which effect such businesses and also the steps taken by the government to relief the small market enterprises. Some of the important policies have been discussed in the paper introduced by the government or which already exists. The researcher has tried to give solutions to solve such problems incurred by the SME'. The researcher has tried to find the existing governmental policies which will ease in doing business and also provide suggestions to solve the problems being faced by such business organisations. Arihant Agrawal"Difficulties Small Business Face Due to Marekt Conditions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17022.pdf http://www.ijtsrd.com/management/operations-management/17022/difficulties-small-business-face-due-to-marekt-conditions/arihant-agrawal
Currently with one of the highest youth population in the world, India faces its greatest opportunity as well as challenge.
Skilling programs are just the beginning and not and end.
A comprehensive overview of the labour market comprising Jobs, Salaries and Skills.
The Jobs and Salaries Primer is the latest in our continued endeavor to report unified salaries across temporary and permanent hiring markets, and relate these to skills across select cities and industries. This time round, we add ‘Jobs’ data to the set of insights and report industry-specific insights that have led, or are leading to, job creation.
Job creation and sustenance, pay actions and rewards, skills and performance –the Jobs and Salaries Primer is an effort at unraveling the linkages between these three, critical, labour market attributes.
inTouch was engaged by a contract manufacturing firm based in India and serving clients clients internationally, to develop and deploy an Incentive and Rewards system that drove direct results in areas of - Performance Management, Talent Recognition, Rewards and Retention as well as strong Top- and Bottom-line impact
Jobs, Skills and Salaries: Trends across Indiavaluvox
The Jobs, Skills and Salaries trend charts illustrate the interrelationships between these three attributes across 15 industry verticals and 8 major cities in India. The analysis is part of the Jobs and Salaries Primer - 2014.
latest and factual report on Job Market India 2015 is released by Skills Ahead. It explains the current demands of Engineers and MBA graduates across all Industry sectors in India. Also it provides in-depth analysis on Skill demand and supply gap and way forward.
Themicro, small and medium Enterprises (MSMEs) are the growth accelerators of the Indian economy and for promoting equitable development. The MSME contributes about 30% of the country’s gross domestic product (GDP). In terms of exports, they are an integral part of the supply chain and contribute about 40% of the overall exports.Micro Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The study aims to analyse the sustainability and success of MSME in India
This is regarding India ,s economy growth condition .India is growing without adding Job .This phenomenon is called Jobless Growth .Government policies to mitigate the same
Changing work and its impact on Human ResourcesDebasis Ray
A proposed solution which can convey how the nature of work is changing and what your country/sector governments can do to prepare and support their workforces
High Growing Economic Sectors “Opportunity For Entrepreneurs ” in India fo...karrox
India will have a demand for 85-90 million people across various sectors, and the majority of the demand will come from high-growth industries like IT, outsourcing, banking, retail, telecommunication and healthcare. Research report as aggregated by Karrox IT technology
Difficulties Small Business Face Due to Marekt Conditionsijtsrd
Micro, Small and Medium Enterprise (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. The researcher has tried to find out the possible difficulties that small enterprises face in the market. The reasons behind the failure of maximum small enterprises in Indian market. The market policies which effect such businesses and also the steps taken by the government to relief the small market enterprises. Some of the important policies have been discussed in the paper introduced by the government or which already exists. The researcher has tried to give solutions to solve such problems incurred by the SME'. The researcher has tried to find the existing governmental policies which will ease in doing business and also provide suggestions to solve the problems being faced by such business organisations. Arihant Agrawal"Difficulties Small Business Face Due to Marekt Conditions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17022.pdf http://www.ijtsrd.com/management/operations-management/17022/difficulties-small-business-face-due-to-marekt-conditions/arihant-agrawal
Currently with one of the highest youth population in the world, India faces its greatest opportunity as well as challenge.
Skilling programs are just the beginning and not and end.
A comprehensive overview of the labour market comprising Jobs, Salaries and Skills.
The Jobs and Salaries Primer is the latest in our continued endeavor to report unified salaries across temporary and permanent hiring markets, and relate these to skills across select cities and industries. This time round, we add ‘Jobs’ data to the set of insights and report industry-specific insights that have led, or are leading to, job creation.
Job creation and sustenance, pay actions and rewards, skills and performance –the Jobs and Salaries Primer is an effort at unraveling the linkages between these three, critical, labour market attributes.
inTouch was engaged by a contract manufacturing firm based in India and serving clients clients internationally, to develop and deploy an Incentive and Rewards system that drove direct results in areas of - Performance Management, Talent Recognition, Rewards and Retention as well as strong Top- and Bottom-line impact
Jobs, Skills and Salaries: Trends across Indiavaluvox
The Jobs, Skills and Salaries trend charts illustrate the interrelationships between these three attributes across 15 industry verticals and 8 major cities in India. The analysis is part of the Jobs and Salaries Primer - 2014.
Employment Outlook - October 2014-March 2015valuvox
Deep insights and comprehensive overview of the mechanics of jobs, hiring, skills and their drivers, trends and forecasts across eight cities and nine sectors in India.
The Team Lease Employment Outlook Surveys are designed to deliver a deep and wide, analytical, insight about business and employment sentiment trends across sectors and cities in India.
The surveys are structured broadly to capture the factors that influence sentiment, job growth, employer needs and candidate aspirations, skill and salary trends and state them at an overall and at city- and sector-levels.
The TeamLease Employment Outlook Report - Oct-Mar, 2015-16 valuvox
The TeamLease Employment Outlook Report provides a rich overview of hiring sentiments and trends across 9 key sectors and 8 major cities in India. They are a half-yearly exercise in capturing and reporting on Talent Acquisition plans by Indian employers.
Over the years, the Employment Outlook – defined in the enclosure alongside –has come to reflect an accurate, forward looking, sense of the inclination to hire by organizations, thus helping Talent Managers across India with highly relevant decision support.
The report aims to:
1. Measure trends in hiring sentiment across the country, and
estimate Job Growth, by city and sector.
2. Drill across geographies, business size and hierarchy to provide additional dimensions of the statistic.
3. Identify the key drivers of hiring sentiment at a ‘big-picture’ as well as sector-level.
Start a Skill Development Training Centre. Best Education and Training Sector Business Ideas.
India has one in every of the biggest technical work force within the world. However, compared to its population it's not significant and there's a tremendous scope of improvement during this area. In India, the emphasis has been on general education, with vocational education at the receiving end. This has resulted in large number of educated folks remaining unemployed. This phenomenon has currently been recognized by the planners and therefore there's a larger thrust on vocationalization of education. Another shortcoming within the area of technical and education is that until currently, the number of engineers graduating is more than the diploma holders. This is often creating an imbalance, as additional workforces are required at the lower level.
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Signaling value of Skills Education and Hands-on Jobsvaluvox
India ranks among the lowest in percentage of students enrolled for Skills Education. To get some perspective China has about 10 times, and Germany 14 times the percentage of students undergoing vocational training every year.
In the 15-29 year age group, among those in the hands-on labourforce, only 2% would have been formally trained and 8% acquire skills on the job. And of those that receive formal training only 3% secure employment. The starkness of the picture is apparent when one considers the numbers at hand – 12.8 million people entering the workforce every year.
The cost of an ill-trained workforce? Poor productivity. Despite appreciable improvements, workforce productivity for India is amongst the lowest, not just in the world but within Asia as well. The demand-supply mismatch – in terms of the inability of education to be able to feed employable skills into employment – is grave.
Vibrant Gujarat Summit on Skill Ecosystem sector designVibrant Gujarat
Skill development has become vital for sustainable economic growth, especially for countries giving ways to emerging opportunitiesWith the emergence of technologies and innovations in different parts of the world, it has become imperative for the governments to prioritize skill development to compete globally.Stake holders of the skill development industries from the trainees to the eminent policy makers of the sector spoke volumes about the popularity of not only the conference but the underlying concern for an evolving skill development sector.
Changing nature of work: Course Future of Workrakesh singh
Topic: A proposed solution which can convey how the nature of work is changing and what your country/sector governments can do to prepare and support their workforces.
Demographic profile of INDIA - Opportunity or ThreatVijeth Karthik
Demographic change in India is opening up new economic opportunities. As in many countries, declining infant and child mortality helped to spark lower fertility, effectively resulting in a temporary baby boom. As this cohort moves into working
ages, India finds itself with a potentially higher share of workers as compared with dependent. If working-age people can be productively employed, India’s economic growth stands to accelerate. Theoretical and empirical literature on the effect of demographics on labour supply, savings, and economic growth underpins this effort to understand and forecast economic growth in India. Policy choices can potentiate India’s realisation of economic benefits stemming from demographic change. Failure to take advantage of the opportunities inherent in demographic change can lead to economic stagnation.
With a headcount of around 1.4 billion in 2015, India is expected to become one of the most populous nations by 2025. The country’s population pyramid is expected to “bulge” across the 15–64 age bracket over the next decade, increasing the working age population from approximately 761 million to 869 million during 2011–2023. Consequently, until 2020, India will experience a period of “demographic bonus”.
India needs to poise itself to take advantage of this “demographic bonus”. Today, India has to focus on increasing the skilled workforce in the country, which is a dismal 2 per cent compared to 96 per cent in South Korea, 80 per cent in Japan and 75 per cent in Germany.
Given the thrust on landmark reforms like “Make in India”, both Government and industry have endorsed that the focus on Skill Development has to take priority.
Given the structural changes and the industry friendly policy changes, the January issue of the Policy Watch is a sincere endeavor to get sectoral industry views on skill development through the voices of the Chairmen of National Committees and Regional Chairmen of the various skill Sub-Committees.
Future of Work – Preparing for Disruptions: Indian context
How India is gearing up in Preparations and towards supporting the Workforce??
Introduction :
Changing nature of work has created disruptions, discontinuities as well as opportunities.
This is not seen in some selected countries but across the world, be it a developed country, or a developing country.
Like any other country, India has its own unique set of challenges in preparing and supporting its workforce from a governance point of view.
Take the case of India, thanks to globalization and IT revolution, India became the back office of the world , with “Bangalored”, a euphemism , which signifies job loss elsewhere in the developed economy entering the oxford Dictionary
Governments in pursuit of economic growth love to invest in physical capital
far less interested in investing in human capital, which is the sum total of a population’s health, skills, knowledge, experience, and habits. That’s a mistake many countries made, the case for India was slightly different thanks to “ Nehruvian socialism” in the post-independence era.
In the recent years this has only been further augmented with opening up of the economy further and leveraging of automation/ innovation across sectors. Today India is at the forefront in terms of technical education and English speaking population with the right skills for the global demand in new forms of employment.
While all this is true in terms of progress, for the size of India with a Billion plus population, it is equally disheartening to find that the informal sector has only increased if not lesser with more than 75% of the population still in the informal side with no benefits and protection.
Governments have an important role to play in fostering human capital acquisition.
Fortunately for India since independence significant progress has been made on 3 fronts:
1. Formal Jobs
2. Education access
3. Health care
Today’s governments across the world have a more definite role to play in the area of social inclusion and life long learning facilitation for it’s work force and population as a whole.
with the help of world wide social organisations, Governments, and societies at large. All need to work in tandem, in order to Benefit from the torrential opportunities, thanks to new technologies and disruptive innovations, unseen in the history of mankind, Can lead to prosperity and health for most if not all
An integrating framework that reconciles the gaps of supply and demand side initiatives and fuses together numerous GOI programs is the need of the hour. Model of such a framework is proposed here.
( Tasc One members are Parasuram Balasubramanian, Padmanabhan Jayasimha, T.R. Sankaranarayanan and Hariharan Shankar. All are alumni of IIT Madras)
An abridged version of this article was published in "Report: IITMAA Sangam 2019 - Reimagining India in 2030"
A CONCEPTUAL FRAMEWORK FOR RURAL EMPLOYMENT GENERATION IN INDIACSCJournals
The economic divide between urban and rural sectors coupled with the unbalanced growth within the rural economy, is a major hurdle in the growth of Indian Economy. The existing government-run employment schemes are subsidized credit based schemes, which are good for any feasible project. However, with the kind of educational and economical background of rural population, there is a need to go a step backward and show them a way to mobilize what they have in terms of possible resources. This paper takes an inductive approach to explore and arrive at a conceptual framework for generating income in the rural economy. The framework is based on the analysis of primary data collected through focused group discussions. Unlike government run employment schemes, the proposed framework incorporates the efforts and social intentions of different segments of society and integrates social intent with profitability thereby, ensuring better sustainability and commitment to the cause.
The Government has initiated the launch of a national Multi-Skill programme called Skill India.This programme would skill the youth with an emphasis on employability and entrepreneur skills.It will also provide training and support for traditional professions like welders, carpenters,cobblers, masons, blacksmiths, tailoring, nursing and weavers etc. We also need skilled personnel in various areas like, construction, real estate, textile, transportation, jewelry designing, gem industry, tourism, banking and various other sectors. Skill development raises the confidence, gives direction and improves productivity. Youth should be groomed towards blue collar jobs.
Similar to Sneak Peek: The India Labor Market Report: a 5-year Special (20)
The digital revolution has spurred innovation at an unprecedented scale and pace. It has democratized technological opportunities, changed our lives and the world of work, and pushed organizations to remodel themselves. The impact of this ongoing revolution is being felt across geographies and industries, in ways big and small. It is hard to imagine a domain that is isolated from this change.
The MSME (Micro, Small and Medium Enterprises) sector in India is a vital cog in India’s development wheel. Today, 6.3 crore MSMEs employ 11.1 crore people and contribute 28.77% of India’s GDP, in spite of several hurdles that lie in their path. Instamojo understands the travails of the MSME entrepreneur.
The Jobs and Salaries Primer, along with the Employment Outlook Report and the India Labour Report, is an ongoing quest to further this knowledge base and to be at the forefront of the market insights that drive business success for all our stakeholders.
Advancements in technology and the democratization of the internet are enabling new ways of hiring with enormous improvements in volume, quality and speed. This report outlines the various trends, and the nature of their adoption by employers in India, in order to help our audience with key technological decisions in their hiring processes.
Between 47 central labour laws and 200 state labour laws, India has an over regulated and poorly governed labour law eco-system. Multiplicity of rules and procedural delays impose unreasonable legislations and transaction costs on businesses. The top three laws which require reforms are: The Trade Unions Act, 1926; The Contract Labour (Regulation & Abolition) Act, 1971 and the Industrial Disputes Act, 1947.
The Jobs and Salaries Primer is the latest in our continued endeavor to report unified salaries across temporary and permanent hiring markets, and relate these to skills across select cities and industries. This time round, we add ‘Jobs’ data to the set of insights and report industry-specific insights that have led, or are leading to, job creation.
GST - Impact on Job Creation [2016 version]valuvox
The report attempts to estimate Job Creation / Loss across sectors due to the introduction of the GST. This version was compiled well before the introduction of the GST and therefore is DATED. We will soon update this with the latest GST rates and data that has emerged after the introduction of GST.
The Jobs and Salaries Primer is the latest in our continued endeavor to report unified salaries across temporary and permanent hiring markets, and relate these to skills across select cities and industries. This time round, we add ‘Jobs’ data to the set of insights and report industry-specific insights that have led, or are leading to, job creation.
Workplace gender inequality is a global phenomenon. McKinsey Global Institute estimates that women add 37% of the world’s GDP while constituting one-half of the global working age population. If they played an identical role to men in the labour markets, however, women could add about USD 28 Trillion to global GDP by 2025, or add about USD 12 Trillion if their proportion in the workforce was brought up to ‘best-in-the-region’ levels.
On each of the above numbers India has the most to gain, compared with 95 other countries. Women’s share of India’s GDP is about 17%, and the above two scenarios could elevate the country’s GDP by 60% and 16%, respectively. Getting anywhere close to these numbers requires India to recast its outdated social mores substantially, however.
Matching Talent Supply and Demand is a task fast gaining traction in the global talent market. However, turnaround time in acquiring talent is a related, unsolved, problem. This deck illustrates an analysis of the degree of difficulty a staffing business is faced with in fulfilling on a sample set of job profiles.
The TeamLease Industry Salary Primer - 2013valuvox
The Salary Primer is an annual compilation of temp and perm market salaries across the most relevant geographies and industries, accompanied by trends and insights which add value to hiring and talent management decisions our stakeholders make.
Temp and Perm salaries have been seen to be converging for some years now. During our course of an annual analysis of salaries we found that the margin of difference between the two is not statistically significant anymore and has, therefore, practically diminished. This meant, reporting a ‘unified’ or a single salary across the temp and perm domains is now feasible.
As the differential between temp and perm salaries pales into insignificance – ‘not significant’, as statistics puts it – we decided it is time the convergence is reported for what it is: a unified industry salary.
The TeamLease Employment Outlook Report: Quarter-3, 2011-12valuvox
The quarterly TeamLease Employment Outlook Report provides human resource policy and decision makers a forward looking tool that tracks hiring sentiments in the market. The report carries an insight into what businesses of various sizes – across the country and across industry sectors – have on their talent acquisition anvil for the immediate next three months. The Employment Outlook Survey is carried out, and the analysis done, in the preceding quarter.
The TeamLease Employment Outlook Report: July-September 2011valuvox
The quarterly TeamLease Employment Outlook Report provides human resource policy and decision makers a forward looking tool that tracks hiring sentiments in the market. The report carries an insight into what businesses of various sizes – across the country and across industry sectors – have on their talent acquisition anvil for the immediate next three months. The Employment Outlook Survey is carried out, and the analysis done, in the preceding quarter.
The TeamLease Employment Outlook Report: April-June 2011valuvox
The quarterly TeamLease Employment Outlook Report provides human resource policy and decision makers a forward looking tool that tracks hiring sentiments in the market. The report carries an insight into what businesses of various sizes – across the country and across industry sectors – have on their talent acquisition anvil for the immediate next three months. The Employment Outlook Survey is carried out, and the analysis done, in the preceding quarter.
TeamLease Employment Outlook Survey - Report Previewvaluvox
A quarterly publication gauging hiring sentiment amongst businesses across India. This is a preview. The report will be released in the forthcoming issue of Business Today
The Temp Salary Primer: an annual report on salaries in the Indian contract / temp staffing market. This, along with the Quarterly Employment Outlook and our very own Salary Predictor tool comprises a powerful decision tool set for managers looking to hire and reward talent effectively.
TeamLease Employment Outlook Report: Jul - Sep 2010valuvox
TeamLease Services, one of India's largest staffing companies and a pioneer in the Indian temporary staffing industry, has mandated inTouch analytics to bring out the Employment Outlook Report once every quarter with the purpose of providing human resource policy and decision makers a forward looking tool that tracks hiring sentiments in the market. The report carries an insight into what businesses of various sizes – across the country and across industry sectors – have on their talent acquisition anvil for the immediate next three months.
Successful rewards programs anywhere in the world have always had customer data at the center of their strategy. Without strong customer analytics capabilities, a successful rewards program is simply inconceivable.
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Discover the innovative and creative projects that highlight my journey throu...
Sneak Peek: The India Labor Market Report: a 5-year Special
1. The India Labor Market Report
Preview: a 5-year summary account of the Indian labor market
inTouch analytics 10/7/2011
2. The India Labor Market Report
Labor markets: the coming of age
India’s journey on the path of economic reforms has indeed brought her a long way – we are one of the
world’s fastest growing economies today. Along this journey, the country has been favored with
serendipity – its large and growing population is a potential asset, and this *demographic dividend* can
quadruple GDP and catapult India into the developed economies league over the next decade. All this if
a billion people could be transformed into a productive workforce.
For over half a decade now, India has been chanting the demographic mantra with little real progress
seen on the ground. Because, with opportunities come challenges. The Services sector – which is key to
the demographic transformation – needs many million knowledge workers but has to contend with only
few. Lack of employability is endemic, and India has been willy-nilly about solving this mother of all
(demographic) problems. Mediocrity in the education system feeds low quality talent into low quality,
unorganized employment.
On the other hand, India’s largely skill-based labor force – an inheritance from the agrarian economy of
the past – has been stubborn in transition. Jobs in Agriculture and Manufacturing – the employment
bastions of yore – have stagnated for long thanks to factors of cost, competition and commoditization.
And over 90% of the labor force stays inadequately skilled and therefore chooses between
unemployment and casual employment.
The 15 year milestone is in striking distance. Jobs continue to be created, mostly needing an educated
workforce and many in sunrise sub-sectors. There is a problem of plenty, of jobs and of people. We
need to recognize new opportunities for what they are, prepare the supply side, and appropriately
match both ends. For this, we need immediate fixes to the overall labor ecosystem that create adequate
employable supply from a reformed education and vocational set up.
The Demand pie in the sky
The debate about jobless growth – stagnating organized sector employment vis-à-vis rising casual
employment in the unorganized sector – scratches the surface of a reality India has been living with, and
in denial, for some time now: that the organized sector, especially services, is a fertile breeding ground
for jobs. The denial is thanks to an inadequacy in converting this opportunity into large scale knowledge-
based employment.
While policy makers were not looking, job demand patterns have morphed into a mature and diverse
requirement of skills and knowledge. The demand pie includes new age clusters of services- and
knowledge-intensive jobs within its expanded envelope – quite the global growth trend. New sub-
sectors have emerged and many existing industry sectors have graduated to a higher plane of operation
that requires knowledge-based talent.
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3. The India Labor Market Report
Fig. 1 Share of sectors in India – follow global trends of economic growth
[Source: Central Statistical Organization (CSO) for FY1951-FY 2009]
Range: Log Employment (Hours)
Dependent Var: Log (Value Added) of Sector
Low Skilled High Skilled
Agriculture -0.57 0.22
Manufacturing -0.25 0.43
Wholesale Trade, Retail Trade, Transport, Public -0.23 0.53
Administration & Defense
Education, Health, Hotels, Other Services -0.52 0.48
Finance, Communication, Business Services -0.52 0.61
Table 1: Global Employment Elasticity – Modern service sectors (gray shaded) score substantially higher
[Source: The Service Sector as India's Road to Economic Growth, Barry Eichengreen and Poonam Gupta, February 2011]
A mature stage of growth must also indicate that job creation could follow global trends as well.
Another reality, India chooses to ignore, is that the services sector is immensely capable of creating far
more jobs compared with other sectors; albeit, jobs that require high skilled people.
India, even with its recent skill development initiatives, is busy filling low skilled and low paying jobs that
extend right beyond the doors of the unorganized sector. There is a failure to both visualize and
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4. The India Labor Market Report
actualize an enormous employment prospect. This, actually, is at the root of the problem of
transforming the large and growing demographic potential into dividend.
Bridging the divide
The first step to address this issue would require India’s planning and policy institutions to recognize a
shift in the labor demand paradigm. The immediate burning issue is to put the nearly 50 million
unemployed people to work. In the medium term, however, there is a dire need to stop looking in the
rear view mirror and formulate policies based on current and forecasted labor demand. Given the 58%,
and growing, share of services in GDP, solving for the large deficit of graduate and post-graduate level,
employable talent is an imperative.
Filling a substantial proportion of the additional 270 million working age population in the services
sector would have a multiplier effect: increased marginal growth in GDP, thanks to significantly higher
incomes and improved tax revenue, thanks to growth in the organized sector. Add to this, broader
demographic and societal benefits of improved literacy and reduced poverty, and we would have holistic
and qualitative transformation.
Three key steps policy makers need to take to effectively capture and capitalize on tomorrow’s labor
demand prospects –
• Identify and include greenfield and newage subsectors with promising medium to long term
prospects in the industrial framework
• Set up a mechanism to map current and future demand at industry subsector level, working
closely and continually with subsector stakeholders
• Share demand intelligence with private training and vocational institutions and set up career
counseling cells to prepare the supply side for new opportunities
A skewed supply landscape
That one in four engineers, one if five IT graduates, or an even smaller proportion in case of MBAs,
graduating from Indian colleges and universities is all that is employable is a statistic we are living with
for close to a decade now. While there is gross addition to the talent pool, poor employability and skill
gaps are constraints the knowledge economy in India is delivering against.
These statistics are still the tip of a lopsided supply iceberg India has built for itself. The Indian labor
landscape is a complex terrain. Unemployable or inadequately skilled labor is an 83 million overhang we
have been able to do little about over the past 5 years.
Force-fitting this under-employable labor landmass to demand feeds the unorganized sector
disproportionately and stretches the employment envelope on the casual side. Evidently, perpetuating
this practice is not what we want to be doing to our demography. Architecting a supply landscape that
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5. The India Labor Market Report
better suits the demand dynamic requires us to overhaul an archaic HRD regime and therefore
restructure a vexed education-vocation set up.
Immediate and medium term action
The immediate term focus needs to be on policies that positively reinforce the country’s impaired skill
development infrastructure. We need to dramatically improve the throughput of trained manpower –
train 10 times the just-over-a-million people being trained currently. This demands quadrupling
vocational training capacities from the present 3.1million to 12.8 million. The imperative is a shift of
focus from the formal public training system to increased private participation. The Government has,
indeed, taken several laudable steps towards skill development over the past 5 years but its stranglehold
over policy implementation, given the numerous limitations of the present state of governance, leaves
many a question unanswered.
The medium-to-longer term focus must be a two-pronged strategy to restructure education – greater
access and greater quality. While capacities are being created in education, they are only aggravating the
problems of access – especially to the underprivileged – and quality. Opening up the sector to
substantial participation by industry and foreign institutions should imbue it with superior academic
standards that help leapfrog employability. This model must accommodate subsidized education to the
poor and deserving to ensure equity. This step to restructure education gestates over a longer period of
time but holds the promise to deliver us to dividend.
A few critical interventions are required at the state level to make the above transformation a reality –
• Augment public-private partnerships in vocational education with industry linkages right at the
policy level, and down to the curricula and outcome stages, to include inputs of the demand
dynamic throughout the vocational education lifecycle.
• Implement a performance ranking system for vocational institutions to arm candidates with
information to make the right choices. Vesting candidates with the funding option – through
appropriate vouchering and other mechanisms – also links funding to outcomes.
• Link accreditation of higher educational institutions to their capability to contribute to
incremental employability. This, in turn, puts lower limits on quality of pedagogy and
infrastructure, and forces an eventual consolidation in the sector.
A mismatched jigsaw puzzle
Historically, the issue concerning unemployment has been that a 10% unemployment rate in 2006 would
inflate to about 29.5% in 2020. Over the past 5 years though, sustained, recession-proof economic
growth and state intervention led hope that structural problems of the labor market are being
addressed by interventions in the HRD regime, seem to have allayed these concerns a bit. That
economic growth is not entirely, and on its own, effective in creating the magnitude of jobs needed is an
early realization that stirred the government machinery into skill development related action.
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6. The India Labor Market Report
Persistent growth in casual employment, and a constantly, relatively smaller share organized
employment, reminds us that we continue to live under the threat of a systemic failure to capture
demographic potential. For an inherent lack of demand-supply equilibrium to be addressed, the complex
labyrinth made of the three structural mismatches needs to be straightened out.
- The Sectoral mismatch, a demand-side issue discussed above, is yet to be effectively addressed.
- The Education-and-Skills mismatch is a huge supply-side issue discussed above. The recent skill
development initiatives, stressing on vocational education, would partly address this issue.
- The Geographic mismatch, also inadequately addressed so far, is discussed in a later section of
heterogeneity and needs strong rural-to-urban transitional interventions
Towards effective transformation
While individualized interventions – such as skill development – are much needed to tackle each of the
mismatch areas, they risk the possibility of being isolated, part-solutions to a bigger problem. The root
cause of labor market heartburn is regulatory cholesterol. Arriving at an effective solution to labor
market woes needs not just medicinal dosages, but a set of new eyes as well. In other words, a holistic,
interconnected, vision of 3Es – Education, Employment and Employability – is to be cultivated from
which all regime reform is conceived.
This is not difficult. Like most attitudinal changes, this one requires a tangible, measurable goal – and
reducing transactional costs of labor markets is it. Archaic, arbitrary and dysfunctional laws, as well as
over-legislation, are the drivers of this cost.
Key steps to be taken in this regard are –
• The very roles of government and its departments in formulating, and executing on, the regime
needs to be rethought to reduce multiplicity and encourage individual state government
implementation.
• Labor laws need to be freed from their present convoluted form; the complex nomenclature
needs to be simplified and where required de-duplicated and unified.
• In order that unorganized employment is not incentivized laws that constitute distractive and
wasteful expenditure for employers (EFPO and ESI are examples) need to be repealed.
Page 6