It’s not just engineering, management and law. Highly paid campus placements offers are now being made in fields beyond the professional and technical courses, to students graduating in arts, science and commerce too.
This year, a final-year Economics student at Delhi’s Lady Shri Ram (LSR) College received a salary offer of Rs 38 lakh (all salary figures are per annum); last year a Commerce student from Sriram College of Commerce (SRCC) got a starting offer of Rs 31 lakh.
Students graduating from the Arts, Commerce and Science streams are being offered hefty starting salaries in campus placements. The big selling point, say companies, are their soft skills and analytical capabilities.
Companies are offering better packages because they would rather hire young people who are easy to train then experienced people who need to unlearn practices and come with higher price.
The number of notices to employers for defaulting on provident fund (PF) payments is on the rise. The Employees’ Provident Fund Organisation (EPFO) has started using technology extensively to track provident fund payments, according to human resource (HR) consultants. The retirement body is using data mining and data analytics to zero down on defaulters.
Even as subcontracting and third-party employers are rushing to balance the spike in IT talent demand, these personnel providers themselves have been facing a resource crunch. And, are turning to own skilling platforms for closing the gap. Web-based technologies, artificial intelligence and data sciences are the most sought skills; in many cases, the market requirements change in months.
The Indian workforce is estimated to increase to approximately 600 million by year 2022 from the current 473 million. As the workforce will increase by about 27 percent during this period, the overall composition of unorganized sector and organized sector is likely to change from 92 percent and 8 percent today to 90 percent and 10 percent in 2022.
Lets begin by answering the first question that comes to mind. What in the world is ‘Equanimity’? It is definitely not ‘treating everyone equally’ as one might be tempted to consider. Rather, think of that little smiling Buddha statue you might have seen somewhere, eyes closed, and that benevolent smile playing on his lips.
Leading HR organizations are the ones which have already delved into the technologies by hiring the skilled employees and paving the way for a better integration of digital and human labor.
HR needs to be a function that takes the lead in understanding what makes people engaged, what cultures drive the most productive workplaces and what equations enable a true merging of human capability with technology.
Aweek ago, I was back in India.
Besides going into PeopleStrong HQ for meetings and induction (and amazing Indian food), the primary purpose is to attend their yearly major event – Altify.
This is where major product updates and launches would be announced.
It is also my first time attending a launch event of any kind and it is an amazing experience.