TV A fundamental transformation is underway that will shape the workforce of the future. Automation and thinking machines are gradually replacing human tasks. New opportunities emerge for the workforce to operate at a higher level. Current skills will replace newer skills. If we look back in the past 10 years, some of the jobs that were there 10 years back are no more there and many new jobs have emerged as well. The pace is unrelenting and is only going to accelerate in the future.
How is AI, robotics and automation affecting the employment scenario in India?
The forces of AI, Robotics, and Automation will also call for newer jobs that need newer skills, and there will be a new leaf of growth. It is the transition that needs to be managed well to capitalize on the opportunities these forces throw at us. Everyone (workforce, organizations, labour unions, government) has a role to play to make this transition smoother by embracing the change and putting in efforts to nurture agility, adaptability and continuous re-skilling. If done well, it will result in another leap of growth for India. Given the larger and youthful workforce that India has compared to any other country in the world, India is well poised to ride this transition for a better future.
TV Every economy goes through sectoral changes based on evolutionary forces and as the economy grows. The current Indian economy is witnessing a shift of preference among highly qualified and educated workforce to involve in tertiary and knowledge sectors relatively as compared to agrarian, manufacturing and government sectors, though there is still a marked preference for the government sector. The growth of tertiary and knowledge sector can only absorb as much as it needs for the growth and remaining would have to do something to eke out a livelihood. On the other hand, we also are witnessing that the tertiary and knowledge sector's growth is not getting a fillip as a result of some of the highly qualified and educated workforce being not up to the standards of what the sector demands. One of the lacking features in the Indian educational curriculum is an application orientation where things learnt needs to be applied to real-world situations and scenarios. Thus, we have a situation of people with qualification but not up to the standards required. This needs a remedy to improve prospects for qualified people by re-skilling and up-skilling. The same phenomenon can be observed within other sectors as well to an extent.
Is the current HR ecosystem ready to take on the challenges of a highly demanding and dynamic future workforce? How HR should evolve and upgrade its competencies to address this challenge?
Individual HR professionals cannot stay complacent while doing what they are doing. They need to take ownership of re-skilling and up-skilling themselves to face and have a place in the dynamic future of tomorrow.
HR organizations also need to embrace the role of evaluating the dynamic forces and their impact on people within and on organizations, they are part of and enable the constituents ready to face up to the challenges and thrive.
TV In the foreseeable future, man and machine will continue to co-exist while the proportion keeps varying in the overall interface. Beyond the foreseeable future, it is anybody's guess about how it'll be.
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?