Same way finished skill sets will not help in building the future workplace. Because future is evolving and it is dependent on multiple known and unknown variable. It would be wise to build "just in time" model for skills. We should have capability to build skills quickly as and when they are required.
How is AI, robotics, automation affecting the employment scenario in India?
As far as India is concerned, automation and robotics will not pose themselves as a significant threat due to cost disadvantage. AI is still very new for businesses to figure out what they want to do with it. However, if macro-economic factors create a situation, all the three will have a visible effect on the employment scenario. Especially the routine jobs physical or intellectual will be washed out with the next wave of economic recession.
There are statistics that speak a loud about the growing unemployment in the country, so much so that highly qualified individuals are forced to take up meagre jobs to make a livelihood. To avoid any kind of social unrest, how more employment opportunities can be generated?
Employment opportunities can be created in various ways. More important question is that where the opportunities should be created. Encouraging local entrepreneurs in smaller towns, by introducing incentives, will create more value and far more sustainable growth than investing all the resources in bigger cities.
As country in connected digitally, harnessing talent has become relatively easier. However, education and sensitization of the workforce in smaller cities is an essential requirement for productivity improvements. Concepts of dignity of labour and working for 48 hours a week need to be engrained in workforce of smaller towns.
In this scenario, there are no administrative hassles, no payment of salaries and no engagement programs. HR is part of business. HR decides processes, policies, employment contracts and innovative incentive structures to keep people motivated. The new HR is much more technologically oriented and has higher business acumen. It is not called HR anymore.
What are the ways which can help HR to create a system where man and machine can co-exist without eating into each other's space? Is it even possible to have such a workplace universe?
I brought Roomba at home. Roomba is a robot that cleans house. I thought after Roomba, we would not need a house maid. In reality, Maid has now become supervisor of Roomba and she can finish the job faster. And when maid is not around, work is not that taxing as there is a supporting robot.
How do you think young generation should prepare themselves to remain employable and worthy in the age of technological disruption? How can HR and organisations support in this?
HK I heard a folk song in the interior of Madhya Pradesh. I recorded a 30 second audio clip of the song. I was hearing song again and again to write down its lyrics. My son saw me doing that. He asked me the objective. I explained that I wanted to find the song on you tube. He played the song to Google assistant and Google assistant searched the song on the YouTube.
As young generation is entering the workforce in large number, many a times, their focus is on getting into a job by learning quick skills. Quick skills have a short shelf life. Young generation can improve employability by understanding fundamentals rather than learning quick skills. Flexibility is another important aspect which will help them remain employable in the age of technological disruption. Learning life skills and dignity of labour will help them tread longer in their career.