Topic: “The Talent Race in Emerging Economies- Will India Win?”
Disha 2014 started off with a bang with its first panel discussion “Onimia”, where six industry stalwarts collaborated to give their perspectives on the topic – Will India win the talent race in emerging economies? The question here as they put it was not “Will India win” but rather “How India will win?” The discussion revolved around how to bridge the skill gap in India. The esteemed guests gave us knowledgeable insights into the working of corporate recruitment and the talent needs of the Industry. The lively discussion was moderated by Mr. Sridhar Krishnamurthy of Kelsa Solutions.
Mr. Sridhar Krishnamurthy, Co-Founder and Director, Kelsa Solutions: Mr. Sridhar opened the discussion by taking up the 5 C’s of talent risk that India is currently facing. They are mainly Capacity risk, Capability risk, Cost risk, Connection risk and Compliance risk. He felt that in order to overcome this barrier, we as a nation need to take advantage of opportunities such as planning education to suit the needs of the business scenario, adopting different organizational practices and by exploring new work models.
Dr. Asit Mohapatra, Director HR, Raymond: He joined the panel discussion by using his rich practical experiences to classify critical gaps that have been created in the Indian talent base. They are Strategic criticality- We live in a VUCA (Volatile Uncertain Complex Ambiguous) world that is filled with complexity. Hiring and retaining the people who matter is a huge challenge. Functional criticality – Foundations of companies are built by talented engineers. At this time ,there is a shortage of talented engineers in India .It is difficult to harness this base of engineers as they would want to climb the corporate ladder in the shortest time and become managers. Scholarships and recognition should be provided to the engineers as incentives to overcome this shortage. Leadership Criticality – Presently, a CEO’s corporate lifespan has been reduced substantially. Managers generally come from a marketing or financial background. The managers predominantly develop their niche skillset. They find it difficult to develop people management skills.
Ms. Ruth Singh, Head HR, Emkay Global Financial Services Ltd: Ms Singh eloquently quoted that India has a challenging journey ahead in terms of talent acquisition since the core competencies and capabilities are lacking. Being from the fast paced world of Finance, she stressed the importance of skill development as only highly trained professionals are able to compete in the finance job market. She said that passion for the job is a very important criteria to be kept in mind as this talent gap can be bridged only when we choose careers according to where our heart lies.
Mr Rajat Jain, Managing Director, Xerox: Mr. Jain spoke that with the strong rise of emerging economies in the last decade, there is now a need to manage the talent supply chain. Every step in that chain – from employer branding, value proposition, recruitment, employee development to employee retention – needs to be carefully taken care of. The Indian diaspora has achieved significant success in the global platform in the last few years with a growing tribe of Indian executives heading foreign corporate giants. This shows that there is immense potential in the Indian workforce which only needs to be tapped.
Ms. Sarojani Gaikwad, Director, People Business: Ms. Gaikwad was of the opinion that a lot of work goes in the talent assessment and leadership development of people and it is the organizations which need to take proactive measures to solve this. Employees should be able to manage and be resilient to changes and expand his risk taking abilities. People should move out of their comfort zones. There also needs to be agility in their thinking and execution and last but not the least people should have collaborative team building skills to be able to operate as a system. All this skill instillation means that the company has to invest in its people.
Mr. Clive Michael VanBuerle, Vice-President HR, ISGN: Mr. Clive successfully hooked the audience with his stirring statement that in India there is not a lack of capacity but of capability. There are three primary capabilities which are lacking. They are situational fluency, adaptability and dealing with the gap between the aspirations and patience of the people. Hence there are a lot of people with adequate skillsets but no passion for the job and there are a lot of people with passion but no competency in their field.
At the end, every speaker reiterated that individuals need to be inquisitive, aware and be open to all choices in life. One should have clarity as to where ones interests lie and look for a career that best suits them. An important takeaway by the guests was that students should choose organizations which promote learning in a person rather than on the basis of a high pay package. It ended on a positive note with high hopes of the Indian talent pool collaborating together for a bright future to win the Talent race.
With the spirits soaring and energies sky high, DISHA-2014 – the largest HR conclave in India was unveiled at T. A. Pai Management Institute, Manipal. The 6 daylong event with 50 plus eminent leaders seemed full of vim and vigor thanks to the unequaled and incomparable time and efforts put by students and faculty altogether.
The annual event that was started in 2009 began with the inaugural song seeking the blessings from The Almighty. The pronunciation and clarity of the singers was appreciated by the key note speaker Mr. Krishnan V. The delegates then went ahead with lighting up the lamp – a symbol of prosperity and well-being.
“The Talent Race In Emerging Economies: Will India Win?” is the concept of Disha 2014. With the Chief Guest Mr. Rajat Jain – Managing Director at Xerox India, Key note speaker Mr. Krishnan V. – Head of Talent Development, HCL Technologies India, Dr. R. C. Natarajan – Director at T. A. Pai Management Institute, Prof. Col. P. S. James – Area Chair Human Resources, TAPMI on the dais, the event began.
Dr. R. C. Natarajan proceeded to welcome the guests and mentioned the motto behind the presence of the event. He mentioned that exposures to the industry with the platform of Disha will benefit the B-Schools and will help them articulate the curriculum accordingly. Colonel James then mentioned about the war of the talents and importance of managing talents for a company, county and economy to prosper as a whole. I quote his words as follows: “Talent management is a complex and difficult task in the emerging and developing economy. It is our responsibility to face this challenge boldly. “
Beginning his career in 1980, Mr. Rajat Jain now is associated with one of the prominent innovation organizations in the world – Xerox. He mentions that everyone speaks about the necessary change that is pervasive in recent times. The fact dwells in managing to face that change. And the actual learning lies in it. He also highlighted the realism about childhood dreams. Our world doesn’t get carried on our childhood dreams. Childhood plans are plans. But reality is different he mentions. The interesting fact rests in the need to manage the variation between them. He mentioned about three solvents to manage the variation issue. Open mindedness, resilience and having accurate vision and mission are the things to be done at the individual levels. “I have not seen many people who can give a good PowerPoint presentation about himself”, he quotes. On the ending note, he emphasizes on the connection between innovation, strategy and business. He quotes, “If you have a thought, be bold about it”.
Mr. Krishnan V., who has more than 20 years of experience remarked about Aldous Huxley to begin his address. Aldous Huxley was a leading intellect of the last century. A magazine decided to take a survey about his life and visited his school. During their interaction with his teachers, they expressed that no teacher wanted Aldous to attend their classes. They mentioned that his questions always made them intellectually discomforted. Mr. Krishnan further mentioned about the demographic advantage of India. In future, India will be the youngest country and net exporter of people. The issue that haunts back is to think about its social consequences. The students then would be having a larger responsibility and this would be the battle India cannot afford to lose. Lots of things are needed to be done in articulating how to create more employable graduates in the ever changing industrial demands. In the end, he mentioned about the meaning and importance of the famous Sanskrit shloka, “Saha navavatu, saha nau bhunaktu, saha veeryam karavaavahai, Tejasvi naa vadhita mastu, ma avid vishaa va hai.”
The Inaugural ceremony thus ended on a high intellectual note with the students being motivated with the prospects of the insights provided by the delegates.
“Don’t wait for the perfect moment, take the moment and make it perfect”, SEG at TAPMI believes in this philosophy in its true spirit. With exams and events livening up the TAPMIANS, SEG in its own little way created some heart-warming moments this Raksha Bandhan. On August 10th the SEG team with a dynamic team of 35 volunteers made its way to Balniketan to celebrate Raksha Bandhan. The excitement was contagious the night before, with the SEG team planning for the special day and the volunteers running errands to get candies and what not for the children at Balniketan. Children at Balniketan too were looking forward for this day. Infact, they were delighted with the idea of celebrating Raksha Bandhan and in turn had started preparing for some performances.
The D- day arrived and SEG team with its team of volunteers reached Balniketan .The team was greeted with open arms and the delight on the faces of children was overwhelming. The SEG team had a heart chat with all the children and told them what was waiting for them. The team shared some Rakhis with all the children and then one of our volunteer proficient with Kannada spoke about the importance of this day. The celebrations started with children tying colourful Rakhis to their fellow mates and our volunteers. The SEG team surprised the little ones with a cake followed by some snacks and refreshments. The joy of sharing was immense and it could be felt that both the children and volunteers were having a great time together. Then we had a set of lovely performances by the children .The SEG team made the day even more memorable by ending it with planting some saplings. It was really moving to see that the children were loving each moment of it but it was time to go. SEG and the volunteers bade their goodbyes to the children with a promise to come back again next year with lot more surprises and joys in store.
-by Atithi Rath & Rajat Dobhal
On 10th August 2014, Mr Ashok Raman, VP and Global Head – HR, SG Analytics, graced TAPMI by his presence and interaction with the students. An XLRI alumnus, he has 17 years of progressive niche experience in various domains of HR such as Strategic HR, Talent Management, Global Employee Engagement, Talent Management Life cycle (Acquisition-Development-Retention) etc. On this occasion, he conducted an interactive session with the second year students of TAPMI on Data Analytics.
The session started on a general note, with various questions on behalf of Mr Raman regarding the reasons behind students choosing MBA as well as their respective specializations. He encouraged them to reflect on their career choices, and having a 3 year plan at any point of time in their lives. Further, stressed on the importance of understanding the business landscape and following the patterns and trends of the industry.
After this discussion, he moved on to the topic of Data Analytics with the aim of making sure that each student “walked out of the session with a renewed understanding and interest in the subject”. A presentation filled with interesting facts about the data trends of today, from social media websites to consumer surveys to creation of data at business levels, and numbers that actually showed the relative growth of data creation brought home the vast expanse of the industry to the students. The term “Big Data” was thoroughly discussed and explored in great detail by Mr Raman and the students together.
Most importantly, various myths regarding Data Analytics were dispensed by Mr Raman. For example, he stressed on the importance of understanding Analytics irrespective of one’s function. He further went on to say that rather than Analytics being a functional area by itself, it is a highly useful skill that can add value huge value to any function an individual might be working in. A highly-interactive session later, he achieved what he intended to do, and aroused the interest of nearly all the students in the field of Analytics, and left with a promise of encouraging this interest in every way possible.
We hope that this knowledge sharing relationship with Mr Raman continues to be sustained and thank him for his valuable time and insights into the very interesting and relevant field of Data Analytics.
On 8th August 2014, TAPMI had the privilege of hosting a guest lecture by Mr. Balasubramaniam R, Executive VP of Medall Healthcare. Mr. Balasubramaniam has over 20 years of experience in Healthcare industry. The promoter/CEO of Business IQ Solutions (“BIQ”), a software product company with a focus on radiology diagnostics, Balasubramaniam conceived / developed and successfully launched workflow products in multi-modality diagnostic centers. He was also the founder of Manmar Tech. Its products were distributed by several medical OEMs including GE, Philips, Siemens, and Toshiba. Mr. Balasubramaniam has been a part of the initial team that started Medall. He has worked in various capacities in Medall and at present heads the Business innovations group of Medall, a group that exclusively works towards developing the future of Medall.
The session began with Mr. Balasubramaniam talking about various events in his life and the valuable lessons that he had learned from them. He said that living in a joint family has instilled in him qualities like tolerance and patience which has helped him through-out his professional career. Giving the students a peep into his entrepreneurial life which spanned for more than 15 years, he said that entrepreneurship life is tough and one should find ways and means to deal with difficulties and move on. “In life, when you feel you have nowhere to go, when you feel you are pushed to a corner, take a deep breath, evaluate the situation and defer the decision-making by at least 24 hours”, said Mr. Balasubramaniam. He added that one should respect the ecosystem and the decisions should not be taken at the cost of the ecosystem. Cautioning the students about venture capital, he said that one should take that route (venture capital) only when absolutely necessary and in one’s own terms. Answering the questions by the students, Mr.Balasubramaniam said that sales humbles one and teaches one to be quick-footed. He went on to add that whatever one’s field, an experience in sales function would add a lot of value.
The session was very interactive and the students of TAPMI got an opportunity to clear their doubts from an industry expert. The enthusiasm of students in the classroom was palpable.
August is a month full of activities at TAPMI, be it lectures by the most esteemed guests from the world of business or an interactive session. One such Guest Lecture was delivered by Mr. Biswapriya Bhattacharjee, Group Business Director, IMRB International on 05th August 2014. This was a Guest Lecture most students were looking forward to given that IMRB is an international pioneer in market research with footprint across 11 countries. Also it is the only research company in India to offer such a wide array of research based services.
IMRB is known for its high quality conceptualisation, strategic thinking, and execution and interpretation skills. Thus, the discussion was centred on “New Trends in Market Research and IMRB as a MR organization”. The talk started with a discussion about the fields that require market research. As simple as it may seem the scope is exhaustive. The interactive session turned more interesting once a discussion about ethics while conducting market research started. Mr. Bhattacharjee repeatedly mentioned the importance of maintain confidentiality and respecting privacy while conducting such researches. This not only is a pre-requisite to every research but also the most neglected aspect.
The curiosity amongst students about methods of using social media for market research was addressed along with insights on digital media as a whole. Digital marketing is one of the latest trends in marketing hence; research using it and research about it are both crucial.
Mr. Bhattacharjee also clarified doubts regarding hardships in the field of market research. It helped the student do away with the stereotype and misinterpretations about the field. It truly helped everyone understand the significance market research holds for any company and product. Most strategies are tweaked or implemented based on in-depth market research. For those seeking a career in the field this session was of immense help.
Though the main focus of the work was based on examples from the IT Domain, substantial citing of projects in other fields like FMCG, shopping etc. enabled students to get a complete understanding of the trends and practices in Market Research.
“Product Management in Broking Industry”, Guest Lecture Session by Mr Vivek Shukla, Senior Vice President and Head – Product Development, Angel Broking
Mr Vivek Shukla, Senior Vice President and Head – Product Development, Angel Broking visited Tapmi on 4th August, 2014 to deliver a session on ‘Product Management in Broking Industry’. Mr Shukla has more than 16 years of experience in the field of marketing, sales and product management. He completed his MBA from Nagpur University in 1997 and since then has worked with some of the biggest names in the Indian Corporate sector like Videocon International Ltd., BPL Mobile, ICICI Lombard etc.
He started the session with a brief introduction on broking industry. He gave a quick overview on the various services that were provided by broking firms. Angel broking was involved in equity trading, commodities, portfolio management services, IPO, advisory to name a few. He explained about product management in the broking industry. He described about the importance of being close to customer and understanding his requirements.
Mr Vivek Shukla also gave insights into the Broking Industry. He spoke about the various functional areas in a broking firm. E.g. – Sales, Research & advisory, product management, operations and risk management, HR, legal and compliance, finance, branding etc. Mr Shukla also gave students an idea about what it is stock brokers do, what are some of the software applications they use. He also faced questions from the students regarding requirements for various roles available in the broking industry.
He displayed a few in-house softwares and trading applications used by Angel broking which included the advisory dashboard, portfolio tracker to name a few.
The session ended with a Q&A round where the students asked questions to Mr Shukla. The discussions revolved around topics such as Financial Innovation and Regulation, IT and software in the broking industry, Investor perceptions and other general topics which also included the Modi-effect on the stock market.
The session was attended by around 60 finance enthusiasts who found the session to be highly informative and useful. TAPMI Students look forward to more such insightful sessions in the future.