1 / 17

Looking Beyond the Billion – The Indian Context

Looking Beyond the Billion – The Indian Context. Snapshot. Demographics Talent Availability Vs Talent Acquisition Myth India – Way Forward. Demographics. India Overview. Multiple Indias. India #1 – Educated India 100 M adults Professionals, Business people, Govt. officers

ojal
Download Presentation

Looking Beyond the Billion – The Indian Context

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Looking Beyond the Billion – The Indian Context

  2. Snapshot • Demographics • Talent Availability Vs Talent Acquisition Myth • India – Way Forward

  3. Demographics

  4. India Overview

  5. Multiple Indias • India #1 – Educated India • 100 M adults • Professionals, Business people, Govt. officers • Mostly based in Urban areas • India #2 – Middle India • 200 M adults • Semi-educated; mostly living in urban areas • Semi-skilled labor; Manufacturing technician; • Armed forces; Port workers • India #3 – Agricultural India • 300 M adults • Mostly involved in farming; • 50 M literate; 250 M illiterate • Vote bank of India • Heavy migration towards urban regions • India #4 – Young India • 300 M under the age of 18 • Youngest country in the world • Have exposure to urban life and education • Huge potential to add to the bank of IT professionals

  6. Favorable age split of the population, • 60 % of India’s population between the ages 15-59, and more than half below the age of 25 • In contrast, countries including the US, Europe, Japan and China have a more aged population with dependency ratios likely to increase over the same period

  7. Global Labour Shortages & Supply Sources Potential surplus population in working age group (2020) Russia and China will compete in specific segments UK -2 Mn -2 Mn Italy Russia Czech Republic -6Mn 0Mn Turkey Ireland -1Mn Iraq US -17Mn 2Mn China -3 Mn -10 Mn -9 Mn Japan 2Mn Israel Pakistan Iran 5Mn 0Mn France 19Mn 3Mn Philippines 7Mn 47Mn Bangladesh 5Mn 4Mn Egypt India Mexico(1) 4Mn Vietnam 1Mn Malaysia 5Mn 3Mn Indonesia Brazil Note: Potential surplus is calculated keeping the ratio of working population (age group 15 – 59) to total population constant; Source: U.S. Bureau of theCensus International Data Base; BCG Analysis

  8. Make India the largest opportunity English-speaking graduates and postgraduates Thousands PA 2,500 U.S. 2,000 Massive skilled labour surplus India 1,500 1,000 500 Philippines Egypt Caribbean** China Ireland Malaysia Mexico 0 0 5,000 10,000 15,000 20,000 25,000 Annual wage costs US$ PA

  9. Talent Availability vsTalent Acquisition Myth

  10. Availability of Hi-Tech students(Source: TaskForce on HRD in IT - Govt. of India, Dec 2000) Tier I: 6 IITs, 2 IIITs, 6 IIMs, IISc Tier II:17 RECs, 33 others Tier III:191 Govt Funded 520 Self Financed Despite Academic Infrastructure &.... • As of March 2005 • 343 institutes of higher education • 16,000 colleges • Enrollment of 9.3 million • 441,000 technical graduates • 2.3 million other graduates • 300,000 post-graduates each year • English being the accepted medium of instruction, a large proportion of the graduate pool is proficient in English. *According to data released by the Department of Secondary and Higher Education, Ministry of Human Resource Development, and Government Of India

  11. .....Indian Engineering Talent Growth

  12. ….Expected Skill & Competency Shortfall • Number of qualified graduates not keeping pace with booming demand. • According to Nasscom just one in four of technical professionals possess the skills required for employment, while tech jobs are expected to double to over 2 million by 2010. • Nasscom projects a shortfall of a half-million tech workers by 2010. • Availability of Leaders, Managers, Leadership and Management skills being keenly felt

  13. Although India scores high on loyalty…. • Employees in India more likely to speak well of their companies and be enthusiastic about their work • Employees working for some of the world’s largest corporations are more likely to be ambassadors. …Attrition rates are high with rates varying from 10% to 60% in Technology and other High Growth Areas

  14. India – The Way Forward

  15. OPPORTUNITIES EVOLVING IN MULTIPLE DOMAINS Latent opportunities Rapidly evolving opportunities • Logistics management • Consulting services • Monitoring services • Legal advice • Distributed product development • Secretarial services Established opportunities • Network consulting and management • Data search, integration and analysis • Market research services • Website services • Remote education • Cust. interaction services • Finance and accounting serv. • Engineering and design services • HR services • Animation • Translation, transcription and localisation Higher value added, higher complexity

  16. India – The Way Forward • India Business Entry Strategies to plan & operationalise these factors • Focus on Transfer of Knowledge Process, Patience in Execution • Investing in and Building local Leaders and Leadership competencies • Partnering Universities and Colleges in bridging demand shortfall wrt skills and competencies • Partnering Local Government and other Industries in evolving sustainable growth • Cultural Sensitisation of assigned staff • Remote Management Operationalisation/Optimisation • Risk Optimisation through Business Continuity planning • Creative Solutions (like home office etc)

  17. Thank You

More Related