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Current Affairs - Corporate Employment Trends Entrepreneurship Human Resource Industry Evolution Leadership Uncategorized

Democracy – Strength or Weakness??

India is suffering from a disease called ‘Democracy’. 

Everyone can’t be a speaker. Some have to be listeners. Because listeners are the Doers. And doers are the change-makers.

So democracy or dictatorship? 

India has a better chance to grab the business opportunities from other Countries as an alternative to China. Since China has created a paranoia with minimal justification, the forecast is, many countries depending on China for their’ manufacturing support will move to India. The other option the world has is Vietnam, Malaysia and Indonesia.

India might seem a lucrative option compared to any other country to the Investors. We might win the competition over any other country due to the statistics our country shows – 130 cr population, 68 million graduates,  43% of the total population in the age group of 18 to 44 yrs ( the highly productive phase of the age) and nearly 10 % more in the age group of 44 to 54 yrs (still the employable group) keeping the average age of an Indian to 29 years according to 2011 census , (rightly called – Young India) , which has grown proportionately now, 7th largest country in the world, ranking 4th in the world in natural resources. What else?  But, how will we sustain?

How will we accommodate these countries and the business opportunity? How will we prepare to accommodate them?

What is the transformation we need to undergo? 

A country with a mindset of the population – ‘Degree is the criteria for getting a job’. 

Companies are always on the hunt for good resources. Industry is suffering due to unavailability of the right resources. Higher rates of attrition are causing project delays. Here we have headlines stating unemployment as a burning issue. Resource availability, Skill issue or will issue? What is the underlying truth? 

Designations are more attractive than the quest for knowledge and zeal to deliver. 

Resource approach: Everybody wants to be a Manager, dictate terms, enjoy the luxury of the authority and higher pay package, not understanding their contribution to the system from their current role. 

The way we revolt….

We have a voice, so we will voice out everything coming to our mind through revolution, strike or with the support of media. Everyone’s pain needs attention by blowing it out of proportion. Resolution isn’t the only aim. Noise is also the aim. ‘You need to stand for yourself, no matter what’. But the way we do it is so ridiculous. We revolt in a way which yields to our own long term damages. These revolts cause irreversible damages. Any fair chance of recovery takes years and decades. 

No one wants to follow the right leader. Everyone wants to be one. We follow a leader with destructive ideologies rather than constructive ones. There are very few leaders – wise and selfless. Else most of them are keen on making a statement, irrespective of the chaos the statements may create. Leaders need to be orators only or strategic thinkers? 

Most of them think adversely or momentarily than aligning to the benefit of the Country and Community. Too much wisdom about unnecessary and nonproductive things exhausting the bandwidth further delaying the growth of the country. Personal and individual gains are priority as compared to community gains. 

Only one set of people is in alignment with law making and law abiding process. Rest of the majority are only commentators. These people can debate for days and months, to prove the law or the rule as wrong. Such approach lead to delay in Implementations. This delay results into non availability of data to measure the outcome of amendments made. It dilutes the purpose of amendment by the time data is available.

The definition of hard work means number of man-hours, quality and quantity of work. Management of resources is on extreme sides at both ends. Either the management is too ruthless or the workers are too dominating, lazy and take advantage. Laws do not give an upper hand of control to the victim in any case either, in a defined time period. 

Industry suffers from attrition, underperformance, lack of  accountability and  ownership in the deliverables. No yardstick to measure and record workers’ performance or integrity.

No common forum by Govt or a central body to define the benchmark and SOP of any technical, non-technical  activity. 

Industry is slowly reducing the efforts in the development of the employee. Either by means of training or any other investment on employee’s development. The reason is eventually the investment on resources is a loss, when the employee leave without adding value to the organization.

Government’s  changing decisions and processes with every new party who replaces the earlier. Every Govt coming to power within 1,2 3 or 5 yrs at state level have different agendas. These leaders push behind the running projects to the backstage creating fear for the MNC’s by keeping their projects on status quo for longer duration delaying their ROI schedules. Time overrun takes the project cost higher. There is no audit mechanism of projects to secure the investment and complete projects on time irrespective of which Govt is in power. 

The Grants, licenses and documentation are time consuming. Its complicated because of people’s non cooperative approach, is another roadblock. Superficially every process seem like ‘one window support’ as written and published. But ground realities vary drastically. 

There has to be a platform which will give control to the Govt rather than the Employees. The Corporate Governance need better rules. On the other hand develop an attrition control method. Devising compulsory fixed tenure for employees in each organization. Introduce automated evaluation mechanism to measure employee performance giving the Employer better confidence to develop the Resource. Save time and money of the Industry, lost in all this transition of resources leading completion of assignment or projects without hassles. 

Our Country’s financial strength is visible in times of pandemic, recession or any other natural disasters. Our turnaround-time to come back to normalcy will portray  the strength of our Economy. We ought to redefine the meaning of ‘democracy’ in India to reduce the impact of such a scenario benefiting every single person in this country.

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Current Affairs - Corporate Human Resource

We care for our Employees!!!!

The pandemic has created a sense of threat wherever you are. At Home, Office for anywhere we go. In an environment so threatening, we at VEN India consider our Employees’ Safety above everything else. After our last initiative of vaccinating our employees and their families, we have progressed towards the next step of ‘Employees Safety First’. We at VEN India, believe that a safe work environment is what motivates any employee to perform in a carefree environment. Our Company has a 360 degree approach when it comes to employees’ safety. .

We at our company have installed a safety device called Eureka Forbes SHYCOCAN which deactivates 99.994 % CORONA family of viruses including the viruses associated with COVID-19.
DISABLE, ATTENUATE, NEUTRALIZE is the Statement best given to this machine .

‘Shycocan’ can allegedly produce a large number of charged particles through the photoelectric effect – i.e. when photons of light strike certain metals, they knock out some electrons. An everyday application of this phenomenon is to produce electricity from solar energy. But in the case of ‘Shycocan’, this well-known principle is supposed to create trillions of electrons that will float around a room and specifically target and inactivate the novel coronavirus’s spike protein.

I express my gratitude towards our Management in always caring for the employees as family members.
Indeed proud to be a part of this splendid VEN family !

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Employment Trends Human Resource Industry Evolution

New Skill training Post Covid

A new essential skill set requirement added to all job descriptions across the world –
Experience and management of work from home model.
“Do you know to handle your teams on WFH model. What have been the productivity levels and what has been the engagement hours? The emotional quotient required to manage people on the other side of the screen remotely will be a major HR skill .This will be the most essential question hereafter from any organization in an interview.

Whoever will develop this skill the best way will only be eligible for a job of leading and managing the team, else only fit for an Individual contributor. Learn the skill sooner than other to avoid getting redundant in the system. Else system will take the leap of introducing and adapting to automation preponing the plan of redundancy of people in the system.

A big wave of retrenchment and job loss among desk and process jobs to begin post- pandemic since all the processes will have got automated and human intervention and engagement will drastically reduce. Industry will have prepared for the next pandemic which will occur after 100 years assuming it will be similar to COVID. But in reality, Industry will have insulated itself from human dependency by the means of automation. The threat posed by robotics, AI and Machine learning has been executed by COVID beforehand.

It wouldnt be surprising if people will be managed by robots which was mentioned as an irony and laughed out earlier.

Industry digitization would have remained a temporary arrangement if Covid would have ended up in the first wave. But since covid has prolonged to second, third wave followed by black fungus or better mutated covid virus, the digitization will be further extended, improvised, sustained and habituated to.

Industry needs formalising the skill of WFH as a major training need and build training programs like how people management, motivation etc.., were identified as a skill earlier.

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Current Affairs - Corporate Employment Trends Entrepreneurship Human Resource Industry Evolution Leadership Outsourcing Model Sectors

Best HR Team of the Year (Renewable Energy) awarded to VEN INDIA – Energy HR Summit 2021 Awards.

We are very proud to announce that we have been awarded the ‘THE BEST HR TEAM OF THE YEAR (Renewable Energy)’ from ‘Energy HR Summit India 2021 Awards’

The Award ceremony commenced on 6th May 2021.

VEN INDIA was represented by Ms. Sucheta Gour – Director Operations, Ms. Tanuja H Kumar – Lead HR, Mr. Mohan Prabhu – Program Manager and HR TEAM.

Click on the below link to view the award presentation.

The ‘Energy HR Summit India 2021 Awards’ are created to honor and generate public recognition of the achievements and positive contributions made by the Human Resource Leaders and their teams in the organizations that have taken the responsibility of promoting sustainability, development and excellence within the company as well as socially. The Awards identify and celebrate the very best, who have adopted the best practices and have become the role models for others to emulate.

These awards are one of the most coveted prizes for the torch bearers in the Energy sector.

It was indeed a proud moment for us to be featured amongst all the top players in Renewable Energy. We at VEN always ensure that we design our work and policies  to empower our clients to drive performance, innovation, and opportunity

CONGRATULATIONS TEAM VEN for all your efforts and dedication.

Categories
Employment Trends Entrepreneurship Leadership

Sucheta Gour, Woman Behind Ven Consulting India Pvt. Ltd. (Vcipl) Revolutionizing The Staffing Realm In Non-It Engineering Industry

Such is the spirit of the woman entrepreneur who inspires us in 2021, Sucheta Gour is a next-generation entrepreneur responsible for revolutionizing the non-IT engineering industry staffing solutions. A problem-solver, at the core of her being, Sucheta is driven by the infinity in achieving and exploring. She is a robust believer in achieving solutions to every scenario of life, profession, people, and personality.

Sucheta Gour is an ardent, optimistic, fierce leader behind VCIPL who ensures quality deliverables and fruitful accomplishment of the assignment. On its path to becoming the finest project-specific onsite deployment partner contributing to their clientele’s success, under her wise leadership, VCIPL is shaping into an end-to-end sustainable, cost, skill, and time-effective solution provider.

In the face of challenges from acceptance of one’s vision and dreams, patriarchal challenges, and sustainability challenges, Sucheta believes in taking each challenge as an adventure she learns from. In the edited excerpts of the interview with The CEO Magazine, Sucheta shared her views on leadership, a woman’s journey, and her organization’s success story:

Read more

Sucheta Gour, Woman Behind Ven Consulting India Pvt. Ltd. (Vcipl) Revolutionizing The Staffing Realm In Non-It Engineering Industry

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Current Affairs - Corporate Employment Trends Industry Evolution

What is true? Genuineness and pretense are co-existing, hiding behind each other for different reasons

In a nutshell…..
Diversification and adaptation are the only way for Corporates to survive and succeed.
Pandemic has posed a complete array of challenges.

We have observed many Companies beginning from Engineering design to traditional business houses like Tata or Reliance venturing into diverse businesses from Steel or Hydrocarbons to Projects to Fmcg to Jewelry to Textiles. Like the saying goes, ‘Don’t put all your eggs in one basket.’
The other trend is the Companies who have been into Oil & Gas- Engg Design and eventually shifted or accommodated different verticals like Engg Design, PMC, or Survey assignments in Infrastructure – Water supply, Metro, Rail, Highways and Plant Design.

We’ve heard stories of Nokia or yahoo- the impact of resistance to change.
Post pandemic, the term ‘Change’ is replaced by ‘Evolution.’
In the past, the challenges did exist and were never dying. But now, the intensity and nature of challenges have become unpredictable in terms of magnitude or impact. There is no downtime for repair or Turn-around time for the resolution, which can be visible collectively or calculated methodically.

What sounds opportunity today might turn out to be a disaster over time to come. Pricing for services and products might get revised and remain standard for years to come as a survival instinct. The company’s processes will get digitalized; practices will become more stringent. Virtual platforms are being set up to monitor human beings’ performances to be at par with robots. Gauging performances will be easier for the organization because judgment will be only through outcome. Performing will be difficult for employees since every activity is being recorded, and efforts must be infinite. Efforts and time spent won’t be counted; results only will be.

Retrenchment will increase where resources fail to adapt to the new normal on one side. And Attrition will increase at the junior level in search of the old normal. Layoffs for Senior positions are growing on one side to cut costs. On the other side, Junior resources have been vested with higher responsibilities. The Industry has taken this opportunity to clear out the extra baggage – cost-wise and head-count wise. Pandemic has given a genuine reason to exit non- performing or higher cost employees, Doubling the activities and workload for performing employees.

What is true? Genuineness and pretense are co-existing, hiding behind each other for different reasons based on the Industry’s requirement in the current scenario or the expected scenario.

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Current Affairs - Corporate Industry Evolution Sectors

Its high time for social media companies to have regulations. But is this concept getting support the way it needs?

Its high time for social media companies to have regulations. But is this concept getting support the way it needs?

Technology has been progressing and will continue to move – in the right direction with lesser negative influence or in the wrong direction with exponential negative implications. More so when it is an improper influence. The adaptability by society is higher in such a scenario. Social media like Facebook(FB), WhatsApp, Instagram, Twitter, and many more similar platforms have replaced their identity as tools and have gained life’s identity.

You explore the world with print and e- media. Information is useful. But loads of them, right and wrong without any checks and balances, to please or benefit an individual or a group to satisfy their selfish needs. Opinions are standardized and made acceptable with likes and views promotion.

The cultural essence of every community and country is being lost with light speed. Our ability to think independently is dying due to influencers fabricating false information and impacting our thought process.
The concept of being better visible is replaced with an obsession to be visible. The definition of a human’s identity is not what he is in the real world, but what status he is carrying in the virtual world.
The negative social traits of gaining unwanted attention, jealousy, showing off, revealing self, false praises have gained popularity under the mask of sharing happiness with your circle more off an unknown circle.

Billions of people cannot influence or pressurize a handful of companies and few investors to have a valid regulation system. Is money power more, or is it so that these billions of people have turned out to be these social media companies’ army, propagating these companies’ greed and strategy to few more billions.

Well. I believe this is what has been happening for ages. Monarchs, Dictators, and Politicians have always influenced the larger mass. History has time and again witnessed that by the time the realization and judgment of right and wrong were arrived at, billions of lives would have already been sacrificed to the power of manipulation of minds. These companies have continued the legacy by having people power on their side, fueling themselves with the so-called users. These users’ integrity towards their offering to manipulation and ignorance towards their own downfall is commendable. The optimal use is replaced by overuse and abuse in the name of the trend.

Does our society carry the courage to outlaw these companies, imposing them with rules and regulations?

Where are we heading our following generations? We can fight possibly anything when our children’s future is at stake. Why aren’t we joining hands to corner these companies to draw limitations?
Is it because we also are a scapegoat to these companies’ strategies.
We here stand alongside our children waiting to be destroyed together by these forces that aren’t visible from outside but are eating us up from within.

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Current Affairs - Corporate Employment Trends Human Resource Industry Evolution

Industry trends during COVID and Post-COVID

According to Centre for Monitoring Indian Economy 27 million youth in the age group of 20-30 years lost their jobs in April 2020 following a nationwide lockdown to prevent the spread of Covid-19.
Further, 33 million men and women in their 30s lost jobs in April, out of which 86% of the job losses were among men, it said.

In addition to the job losses, pay-cuts, and furloughs, the other trends Industries are adapting are:

  • Deferring any incentives, appraisals to employees.
  • Laying off roles where there are repetitive jobs.
  • Performance-based layoffs due to skill or will issues.
  • Layoffs due to the non-adaptability of employees to post- COVID scenario.
  • Layoffs considering resources on the bench even for 15 days as a burden for the organization and shedding overheads.
  • Decrease of numbers in Support functions.
  • Laying Off Senior People in Senior positions in the age group of 50+ yrs addressing cost and as perceived by the Industry – limitation in the utilization of such resources due to mobility, multitasking, adaptability, rigidity, etc.,
  • Promoting Junior resources to Senior roles due to resource availability at a lesser cost, maximum utilization, flexibility, more accommodative, etc..,
  • Hiring resources across geographies due to Work from home model.
  • Doubling the expectations in terms of deliverable’s and accountability.
  • Transferring Permanent resources to contractual employment – this will reduce the overhead cost for the Companies and retrenchment cost based on future Industry uncertainties that can be well accommodated at lesser cost and no brand defamation.
  • Out-placement of retrenched employees.
  • Engaging skilled white – collared resources on assignment/ day/ month basis is the new trend.
  • Hiring experienced resources at the cost of an entry-level resource.
  • Deferring all Campus hiring offers to infinity.
  • Expanding the job description of new and existing employees.
  • Measuring performance only on results delivered and not on the engagement time.
  • Work from home, not limiting working hours to 9, 10, 11, or 12 hours.
  • Major Companies adopting to Work from home trend due to the cost saved on infrastructure.
  • Expecting Industry ready resources minimizing training time and training cost.
  • Human Resource engaging more in virtual employee engagement platforms.
  • Adopting Project-based engagement through contractual hiring.
  • Building effective virtual platforms of communication to make the Work from home model better.
  • Reducing trial time and adaptability time of any new resource joining the organization.
  • Transfer of employees to the most challenging locations or work area.
  • Bidding with extremely Competitive rates to gain business and sustain.
  • Keeping only the primary and lean benefits to the employees active.
  • Emphasizing on survival than growth.

Every aspect of the industry has undergone substantial modifications. Should it be called New -Normal or New World? But change always is initiated, implemented, adapted, and better successful in chaos.

Categories
Employment Trends Entrepreneurship Industry Evolution Sectors

Impact of COVID on Industries and Job Market. Equip yourself to survive, sustain, and progress.

Job Market and Employment trends have undergone multiple transformations with time due to Recession, Globalization, Automation, and Digitalization. Currently, Industry is going through a tough phase due to pandemic, which has appeared nearly after 100 years.
The whole of the Industry is making assumptions and anticipations based on ever data possible. But unfortunately, most of them are not in alignment with the facts to date.

The changing scenario of the COVID census in different states, mortality rate, key people in politics, Govt or Essential services – tested positive, their duration of recovery, disturbance in the functionality of essential services … all have added to more confusion.

There were predictions made that, the second quarter of 2020-21 will see a considerable recovery. Whereas the job loss has increased, and pay cuts have prolonged till next quarter. Few of the Companies have announced pay cuts till March 2021. Appraisals, Bonus, and Variable Pay, have deferred until infinity.

Sectors most affected like Hospitality, Airlines, Automotive, Aerospace, Retail are struggling for survival. The Recovery Rate of Industries impacted due to COVID is very slow. The cascading effect is creating an enormous blow to the other Industries in the supply chain. Employees with higher Salaries, Senior people with monitoring roles, Support departments, Jobs that can be replaced by digitalization, Business Development roles are on the Target for retrenchments. Campus recruitments stopped for a year.

The positive side of the situation is, Junior level, capable and efficient people are elevated with higher responsibilities and opportunities to perform and acquire more senior roles once the market stabilizes. Most of the jobs are using virtual platforms to interact, reducing cost and time for both organizations and employees. The Industry will further explore and innovate newer means to perform and sustain.

Work from home will, in the future, give opportunities to more people in 2- tier, 3- tier cities, villages to work for MNC’s from their homes. Geographies won’t limit people to smaller or lesser opportunities. Educated Men and Women in small towns or villages will not have restrictions in career growth or opportunities. Lifestyle and exposure will improve in small cities.

Sectors like Pharma, Retail like Grocers, Vegetable vendors, Automation, Digitalization, few Mfgg units, Telecom, Networking, Computer Hardware, Infrastructure have seen the demand. Today’s job market belongs to only those people who can commit and deliver results in the least turn around time with utmost quality, integrity, and accountability. The changing demands and the situation of the Industry will force Companies to expect more from the employees. And Darwin’s theory of ‘Survival of fittest’ and ‘Natural Selection’ will force employees to thrive on competition. New Normal will come with many demands from the employers, better gauging criteria for performances and deliverables

Change is inevitable. One who adapts sooner will succeed, be it an Organization or an Individual. Equip yourself to survive, sustain, and progress.

Categories
Current Affairs - Corporate Employment Trends Industry Evolution Outsourcing Model Sectors

How will Resource Outsourcing/Staffing help the Industry Post –COVID?

How will Resource Outsourcing/Staffing help the Industry Post –COVID?

India has generally seen a trend of engaging blue-collared, support staff resources on third-party/ off-roll/outsourcing/ staffing engagement. Post-2008 recession, the pattern of engaging white collared, skilled resources widespread by the IT Industry but still was limited to IT Industry alone. Post-COVID, the trend of engaging white collared, technical employees into Contractual engagement excluding few Senior Management and strategical roles is envisaged as a necessity and is in demand now irrespective of any sector.

IT Industry shifted to this trend after the 2008 recession based on the following observations.

  • Bench cost was consuming revenues of the Organization affecting the financial health of the Company,
  • Having resources on bench based on the projection of growth didn’t turn out to be a wise decision.
  • Expansion plans delayed due to many factors
  • Competition,
  • Pricing,
  • Clients’ Approvals,
  • Licensing,
  • Global Economic trends,
  • Currency conversion,
  • Downtime between projects,
  • Mapping of the maximum capacity of each resource
  • On the other hand, holding back employees with no complete engagement led to the attrition of resourceful employees, leaving behind only the average people in the stream.

Why is the Non-IT Industry ( Construction, Infra, Energy, etc..,) following this trend 13 years later?

Non-IT Industry, on the other hand, has been most apprehensive about this model. And there have been justifying reasons for the same.

The reasons for non-acceptance were many concerns.

  • Accountability and Integrity of skilled resources on contractual engagement.
  • Gauging of work in manual ways and not digital ways which make it challenging to monitor the process
  • Empathy towards fellowmen for the insecurities in contractual jobs
  • Comparatively smaller players in staffing with an unclear or obscurely defined scope
  • Payroll agencies with only documentation capabilities or partial responsibilities.

Development and transformation was slower owing to

  • Multi-level external challenges
  • Delay in deliverables where the line of activities got disrupted without a possibility of back up or control
  • Support from all departments on time
  • Inventory availability
  • Govt approvals
  • Fund shortage due to delayed receivables from the end client,
  • Change in instructions from management/client since this Industry has been extremely dynamic in nature.

All the above reasons led to resistance to change or non-prediction of uncertainties or inability to collectively assess the cost and business benefit.

In the current scenario, ambiguities are intensified to the extent of the uncertainty raising questions like “IS THERE A TOMORROW? IF YES, WHO ALL WILL JOIN US AND BE A PART OF TOMORROW?”

Limited visibility to the future by even big giants of the Industry, failure of long term plans, long term plans being replaced by short term plans have forced every Company to lie low and sustain. This, in turn, has led to Pay cuts, Lay-offs, Furloughs, increased pressure for people to perform. In such a scenario, the Human nature of sympathy, empathy towards fellowmen, bothering about developing people for long term returns, consideration towards others’ jobs, feeling stressed due to workload have taken backstage. What has been more critical is working towards sustaining the Organization (a foundation which houses employees) through the chaos irrespective of all reasons – genuine, significant, logical or fake, insignificant, illogical.

This situation has led Industry to adapt to staffing/ outsourcing as a stop-gap to cater to the active projects, or newly acquired projects for the next three years. Approximately three years expecting all the cascading effects, chain reactions, transitions, transformations, adaptations to be completed in three years, and implementation of new normal to start functioning successfully.

Hopefully, this opportunity should transform the staffing industry with a place in the Industry as an organized sector- breaking barriers, inventing, innovating, and leading to great opportunities and aspiration to the youngsters to step in this Industry by choice and not by chance. Because decisions are made out of interests, and interests lead to innovation.