Opera at ASB, Coimbatore

HR - Future and Challenges

Prof. Madhuri Menon is the CEO of Amaya Management Consultants, Chennai. She gave us an overview of the HR scenario in the current corporate world.She started the session by giving us a bird’s eye view of India. The total population of India as per census of 2011 is 1.21 billion, which is equivalent to total population of US, Indonesia, Brazil, Pakistan, Bangladesh and Japan put together!And the good news is that by 2020 in India there would be around 40 million new jobs generating an annual revenue of $200 billion. 

Now the question is how do we meet this demand for skilled and qualified people?

Madhuri Ma'am enlightened us more on this point by showing some statistics on employment scenarios. Nationwide employability study - 2012 done by MeriTrac and MBAUniverse.com has concluded that only 21% of MBA graduates are ‘employable’ whereas the previous study by MeriTrac of 2007 had placed this figure at 25%. Some of the hiring highs and lows in July 2012 were as follows

• ITES, Telecom, Insurance – witnessed an increase in hiring of 4- 8%. However, this increase is less by 12%, 18% & 35% as compared to pre-recession period.
• ITES, BPO professionals – increase in demand.
• Project management, HR, marketing and ITsoftware – dip in hiring.

The data she showed was from “Hindu Opportunities” dated 29^th August 2012.

Having set the context she took us to the changing scenarios in HR. She told that there are many changes around which are quite visible. Over the past few decades changes have been noticed in employee profile. The age of the knowledge worker is changing. There is more youth coming forward to take over the corporate world. The expectations of both – the “management” and the “workmen” are not stagnant; they are always dynamic in nature.

Ma’am threw a light on what challenges does the current generation face? She asked whether   the  choice of specialization is based on market demand or a better understanding of options within a specialization and one’s own skills, interests and competencies?

HR is all about people and a lot more. It is not at all a glamorous field. A HR does take care of many things, right from the climate of the organization to motivating people, from the culture of the company to an employee’s passion.  All this done by various processes like Personnel management,Industrial relations, Organizational development (OD),Organizational behavior (OB) and Training & development

As a concluding note we were told the best and the worst case scenarios in HR practices. The Best case scenario in HR practice comprises of Tatas,Infosys, TCS, Wipro and the worst case scenario in HR practice has Manesar, Maruti case, Pricol case.