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'Talent deficit' may hit Indian firms
By
siliconindia news bureau
Bangalore: After showcasing their talents to the world all these years, companies in India could face a huge 'talent deficit' in the coming years, says a report by Deloitte, a global consultancy firm. As per the report, the reason for this scarcity is that the country is not producing enough people equipped with the right skills required for the globalized environment.
The report titled, 'New India Manager' states that new talent management model in companies will have to shift in outlook. The report suggests that paradigm of 'scarcity of jobs' should convert to 'scarcity of talent'. "Unless a fundamental shift occurs in the educational system, it will continue to produce degree holders who will lack skills to operate in a corporate environment," said Manish Agrawal, Vice President (Strategy and Innovation) at Deloitte.
Agrawal has authored a study on the evolution of the Indian manager from the pre-liberalization period till now. The report stated that globalization, has helped Indian managers to develop their competencies and a global outlook that has unleashed a lot of creativity and innovation in the domestic industry. "However not many managers in the country have required soft skills, like communication abilities for operating in a global environment among others. We need to build such skill sets to enhance our talent pools," Agrawal said.
The Deloitte report stated that it remains to be seen as to what extent the country would be able to enhance the competency level of its young population to make them employable. This is also a challenge which the Indian policymakers would have to deal with in the years to come, it added. According to Agrawal, if the shift is made now it will take five to 10 years to generate a good quantity of employable talent.
Other than the upgrade of skills, the challenges which managers have to face going forward include retention of existing talent in the company, support learning and development of employees. Moreover, there is a growing talent gap in the developed world as well, which will continue to target Indian managers. In the years to come U.S., Europe and Japan are going to see an ageing population and a reduction in available talent and workforce. The report revealed that there was already an increasing recognition of the quality of Indian managers and there is every chance of this trend accelerating further.
The report titled, 'New India Manager' states that new talent management model in companies will have to shift in outlook. The report suggests that paradigm of 'scarcity of jobs' should convert to 'scarcity of talent'. "Unless a fundamental shift occurs in the educational system, it will continue to produce degree holders who will lack skills to operate in a corporate environment," said Manish Agrawal, Vice President (Strategy and Innovation) at Deloitte.
Agrawal has authored a study on the evolution of the Indian manager from the pre-liberalization period till now. The report stated that globalization, has helped Indian managers to develop their competencies and a global outlook that has unleashed a lot of creativity and innovation in the domestic industry. "However not many managers in the country have required soft skills, like communication abilities for operating in a global environment among others. We need to build such skill sets to enhance our talent pools," Agrawal said.
The Deloitte report stated that it remains to be seen as to what extent the country would be able to enhance the competency level of its young population to make them employable. This is also a challenge which the Indian policymakers would have to deal with in the years to come, it added. According to Agrawal, if the shift is made now it will take five to 10 years to generate a good quantity of employable talent.
Other than the upgrade of skills, the challenges which managers have to face going forward include retention of existing talent in the company, support learning and development of employees. Moreover, there is a growing talent gap in the developed world as well, which will continue to target Indian managers. In the years to come U.S., Europe and Japan are going to see an ageing population and a reduction in available talent and workforce. The report revealed that there was already an increasing recognition of the quality of Indian managers and there is every chance of this trend accelerating further.
Reader's comments(34)
1: A shift towards computer aided learning and
working, makes it easy for the people to get
the required skill quickly.
Posted by: Prakash Kumar Rath - 27 Aug, 2009
2: IIT's and NIT's have adapted certain courses
say Biotechnology and Biomedical
Engineering,in which students are made to
learn a lot of technically sound
subjects...but ultimately eexcept R$D , no
job oppurtunities are keenley availaible. The
reliable talent is worthly there, but
Scarcity of jobs had dragged minds of youth
pursuing such courses towards alluring
Management degrees.Overall,This drastic
mindshift in context of loss of quality
talent misguided is a major setback for
coming generations. Why not Govt. recruit
some now in it's healthcare plans(PSU).. (A
CAT aspirant, though will achieve
B.TECH(Hons.)in BIOTECHNOLOGY ENGINEERING
from coveted NIT,Raipur).
Posted by: ANUJ MAHESHWARI - 25 Aug, 2009
3: The person writing this is neither completely
false nor completely true. The author seems
to have generalized the issues with certain
pool of managers he might have come across
during these years. There are supremely
talented people available in India. But the
system is so rigid that they ask them to be
flexible and ruin the good talent in them.
The business model developed over the years
is promoting slavery to the wealthy west.
There are not even a total of 1% companies
investing in real R & D. Let's accept it
we have become a Services nation. I am just
waiting for a day when, something bigger than
Google or Microsoft emerges from India. Then
I would like to see the admiration on Mr.
Manish Agarwal's face.
Agreed we need more quality and more practicality in education. But things surely are changing, the youth is changing. Open your eyes and ears, see and listen to them. They have ideas, but some morons at the top, don't let them come out, or else show up their ideas as their own.
Watch Out. The new India will make the west work for them, it's just a matter of few years.
Agreed we need more quality and more practicality in education. But things surely are changing, the youth is changing. Open your eyes and ears, see and listen to them. They have ideas, but some morons at the top, don't let them come out, or else show up their ideas as their own.
Watch Out. The new India will make the west work for them, it's just a matter of few years.
Posted by: Amit - 25 Aug, 2009
4:There is abundant talent and poor management
and media coverage the media is totally
misleading and demoralising people to make
money for business it is better not to follow
news and find truth for yourselves everyone
will succed and this kind of false nonsense
will not be projected do not beileive govt or
news everyone become enterprener
Krishna replied to: Amit
post - 25 Aug, 2009
post - 25 Aug, 2009
5: I don't agree with the research as Indians
have got all the potential, calibre and
capability to cop-up with any kind of
technology, only we need to trust our people
and give them the freedom to work and take
their decisions rather than just commanding
them without giving them stress-free working
environment.
Posted by: Vinod Sharma - 25 Aug, 2009
6: I do not disgree with the other. We need to
Prepare our Grdauates for the new challanges.
We have huge number of colleges and
univertities to produce Engineers. MBAs and
CAs. Quality upgardation is a must.
Sastry
Sastry
Posted by: Narasimha Sastry - 25 Aug, 2009
7: I think the author here is either looking at
a grossly mis-representative sample set
around him, that is nowhere near the truth,
or harbors a really pessimistic outlook
towards all things in life.Or maybe, he is
authoring papers just for the heck of it,
which almost invariably leads to such
far-fetched (un)realities.
Posted by: Anindya - 25 Aug, 2009
8: It is interesting! If India is going to face
a talent crisis I really wonder which country
has the potential to match our talent. It
just the mind set of the senior professionals
need to change. Engage the freshers with the
available talents and allow them to be
groomed. This was the statement made in the
past and this statement will be made even in
the future. It is because the present
managers benchmark the youngsters with their
expectation. It is not true
Posted by: mani - 25 Aug, 2009
9: Hi,
It is an interesting perspective! The soft skills not only in communication but also in personal discipline, work ethics, all need great improvements to achieve leading edge in global businesses. It is not the intelligence or brain power we lack, it is the "refinement" to apply these effectively that needs improvement. For a quick adaptation, grooming schools by well experienced, retired/exiting professionals from the top notch companies could be a solution. Today most of the companies do not have the time & willingness to take a raw candidate and train. The speed of things have gone very high. The companies need to be productive at each employee level, even with new inducts. So a change in "education" and "training" where the candidate are "fine cut" to match the industry's demand is the need of the hour.
best regards,
It is an interesting perspective! The soft skills not only in communication but also in personal discipline, work ethics, all need great improvements to achieve leading edge in global businesses. It is not the intelligence or brain power we lack, it is the "refinement" to apply these effectively that needs improvement. For a quick adaptation, grooming schools by well experienced, retired/exiting professionals from the top notch companies could be a solution. Today most of the companies do not have the time & willingness to take a raw candidate and train. The speed of things have gone very high. The companies need to be productive at each employee level, even with new inducts. So a change in "education" and "training" where the candidate are "fine cut" to match the industry's demand is the need of the hour.
best regards,
Posted by: Varma TKS - 24 Aug, 2009
10: Research & Highly educated people may
come up with several reports & solutions
to this problem. However the change can only
take place if certain issues are sorted &
fixed at the root of the Educational system
& Political system.
Education is the KEY to Develop - Solve the Population crisis - Food, water, power, fuel & other crisis'. However if the aam admi / villagers / etc. gets smarter, then that would create a power shift in the political circles, in votes, in nominee's, etc. So a major change is not going to come about anytime soon - because the people who make these decisions wont let it. The people who can afford an education may avail of private training or coaching and become suitable for the required talent pool - the others will continue to be less than adequate or useful.
I think I went off topic here - but this talk at times is senseless, without discussing the root of the problem.
Education is the KEY to Develop - Solve the Population crisis - Food, water, power, fuel & other crisis'. However if the aam admi / villagers / etc. gets smarter, then that would create a power shift in the political circles, in votes, in nominee's, etc. So a major change is not going to come about anytime soon - because the people who make these decisions wont let it. The people who can afford an education may avail of private training or coaching and become suitable for the required talent pool - the others will continue to be less than adequate or useful.
I think I went off topic here - but this talk at times is senseless, without discussing the root of the problem.
Posted by: Richard Pereira - 24 Aug, 2009
11:You have mentioned the actual problem that
needs to be faced to cope up with problems
that arise from the root problem.
I appreciate your answer.
I appreciate your answer.
Yatendra Goel replied to: Richard Pereira
post - 25 Aug, 2009
post - 25 Aug, 2009
12: I agree with Mr.Agrawal's views on
requirement of change in Indian education
system. But what I think is that still we
have a large pool of talented people whose
talent is yet to be explored. either they are
not getting the right opportunity or they are
not getting spotted. most of the corporates
recruit from the IIT/IIMs only. they don't
even look at second rung of schools where a
lot of talented young army of people is
studying and they don't even bother to
explore there potential. We have had
instances in the past where a successful
business leader has been discovered from
these institutions.
Posted by: Somit - 24 Aug, 2009
13: NO INNOVATION..
INDIANS HATE ANY KIND OF INNOVATION
INDIAN MANAGERS jUST WANT SLAVES ... TCS HCL WIPRO ALL OF THEM ARE BODYSHOPPERS
INDIANS HATE ANY KIND OF INNOVATION
INDIAN MANAGERS jUST WANT SLAVES ... TCS HCL WIPRO ALL OF THEM ARE BODYSHOPPERS
Posted by: Subhash Bose - 24 Aug, 2009
14: I disagree with this research report. India
has large pool of employable people.the
people are not fit in the roles they can
perform.they are in the roles which need some
more skills.the scarcity is in the hands of
HRs of respective companies. Now days can you
find people with 5years of experience in
Recently released products? When the HR
goes for fancy experiences people would
definitely fake. When they start faking the
skill set would be no match for the job he is
doing. As long as the realistic requirements
are mentioned by the HRs there will be
qualitative manpower available.
Next time don’t ask for people with 10 years of experience in windows Vista
Next time don’t ask for people with 10 years of experience in windows Vista
Posted by: sivamangesh - 24 Aug, 2009
15:India has a large pool of fresh
engineers.Indian telants are unbeatable.But
the biggest problem Indian Engineers are
facing is that they are not given opportunity
to deliver their best skills.Today in the
name of recessions their are thousands of
engineers waiting and sloging for job.All of
them are deserving candidets.Infact I feel
today's fresh minds have more innovitive idea
and want to contribute to nation.But they
lack appreciation
Rachana replied to: sivamangesh
post - 26 Aug, 2009
post - 26 Aug, 2009
16: I think there is a difference between
"working hard" and "working smart". Growing
in corporate world requires a very different
skill set which is not taught in school.
Salaries are a good incentive however, a balance needs to be maintained between local cost of living and expectations. Increasing Indian salaries to US levels will drive a high number of people out of job who otherwise have a job because of cost benefit.
An attempt to educate Middle Managers in "soft skills" should be made. This will also create a second line of Management ready to takeover as senior management retires.
Salaries are a good incentive however, a balance needs to be maintained between local cost of living and expectations. Increasing Indian salaries to US levels will drive a high number of people out of job who otherwise have a job because of cost benefit.
An attempt to educate Middle Managers in "soft skills" should be made. This will also create a second line of Management ready to takeover as senior management retires.
Posted by: Rajesh - 24 Aug, 2009
17: I think India has much vast talented
youngsters, but the right salaries can
provide the right ppl to our country. The
reason it loses the talent is due to lack of
salaries which are provided in the alien
countries, if the change in mindset of
corporates in India can bring back all our
talented stuffs and India could be a
superpower by 2020, a vision by the Former
President, APJ Abdul Kalam.
Posted by: Thanveer - 24 Aug, 2009
19:You are 100% correct..
Thangamani arun replied to: Thanveer
post - 24 Aug, 2009
post - 24 Aug, 2009
20:Salary is not the deciding factor! We need to
change our educational system! Be it a
technical job or management job we lack the
right skills. Every time we talk about the
"this lack of skilled labor thing" we take it
emotionally or crib about our salary, let us
come out of our EGO and rationalize things.
We claim we have a huge Talent pool, if so
then why is our products fail to meet the
bare minimum requirements. We need to compare
our talent pool with the talent pool of so
called "alien countries". We always claim to
be better than them without actually knowing
their actual ability and depth they have
attained in their respective domain. Most of
the Indian universities prepare students as
"marks machine", Let us atleast join hands to
change this, before boasting on our talent
pool.
TruthisBitter replied to: Thanveer
post - 24 Aug, 2009
post - 24 Aug, 2009
21: Thats true. We need to change our Educational
system. In the ege of .Net fremework 3.5, our
colleges are still teaching us Visual Basic 6
which is almost invisible from the market. We
are still living with the Theoretical
concepts. We should be practical. We are
always bothering about the
Degree/Certificates. A diploma guys can do
better than a degree holder sometime.
Vikas replied to: TruthisBitter
post - 24 Aug, 2009
post - 24 Aug, 2009
22: As some of our friends pointed out failure of
"Education system" to groom quality
engineers/managers is very much true.
Education institutes are mushrooming like
anything, no government control. Quality
education is being compromised whether it is
of teaching staff or students opting for
their careers. I have observed one thing till
today there are students who think that
engineering/medical are only good career
options even if they are not deemed fit for
that. Proper professional guidance is needed
if we want to grow in this ever changing
industry. Organizations must
encourage/identify or individuals must come
out to seek their careers of their interest.
Proper training must be provided. We have
resources but we need to groom them to become
professional in a global environment.
ocean replied to: TruthisBitter
post - 24 Aug, 2009
post - 24 Aug, 2009
23: Also, in technical subjects, medicine and
bilogical sciences Indians have a penchant
for high performance and leadership. Press on
with your home advantages. You have wired
brains. Only effort is needed - intense,
supreme effort. Genius is 1% inspiration and
99% perspiration.Complete your PhDs in techie
subjects and frontier areaas of scientific
research. You are destined for greatness.
India is.
Posted by: Mohandas - 24 Aug, 2009
24: I think India is undergoing sea change now
but stealthly.
Not many people are aware of this. The young generation
Not many people are aware of this. The young generation
Posted by: Sanjeev - 24 Aug, 2009
25: Also, by first hand experience in the USA,
Indians are one of the most forward-looking,
hard-working, committed, brilliant and
sagacious communities, by and large. Also,
Indian family values make our children
superior as we nurture them and help them
fully to face challenges. My hats off to the
Indian community. The only response it evokes
is a crude kind of racism and intense
partiality from the other side.
Be justifiably proud of yourselves, though not vain, please. Because vanity is its own undoing.
Be justifiably proud of yourselves, though not vain, please. Because vanity is its own undoing.
Posted by: Mohandas - 24 Aug, 2009
26: I disagree with this research. On the
contrary, India is currently seeing flood of
talent given the recession in western
countries. Also, the western model that has
lead to recession time and again shows how
bad it can be for the world and based on
that, India is still number 1 and the best.
Posted by: Reena Rai - 24 Aug, 2009
27: Such reports are unleashed on the market to
create a sense of inferiority in Indians.
Some of these ultra-conservative , rightist
Corporations simply want to encash on a
feeling or a sense of inadequacy which they
first unleash. Watch out for such
trappings.When you start working for them you
realize what a bunch of high-handed nerds
they turn out to be.
Indians, live happily in India and do business in India the way we naturally do. These guys will bend backwards to learn Hindi, Tamil, Telugu, Kannada, Oriya, Bengali, etc. Make them touch your feet for new business. Squeeze them out literally.
If they do not communicate well with you, cultivate, promote local talent only. India for Indians.
Indians, live happily in India and do business in India the way we naturally do. These guys will bend backwards to learn Hindi, Tamil, Telugu, Kannada, Oriya, Bengali, etc. Make them touch your feet for new business. Squeeze them out literally.
If they do not communicate well with you, cultivate, promote local talent only. India for Indians.
Posted by: Mohandas - 24 Aug, 2009
28: There are many messages from this discovery
and I not sure which one to believe except
that whatever western media / consulting
organization are hell bent of malign the
image of India and Indians are willing to
believe whatever west says. Ask yourself
Will Indian Universities / Institutes / Colleges stop or reduce producing fresh graduates?
Will every fresh graduate from a recognized educational institute in India get a job offer from campus in coming years?
Will organizations from developed countries stop hiring the fresh graduates / experienced executive from India?
If the answer to the above questions is "NO", then how in this world anyone can publish such foolish report about shortage of talent in India?
Will Indian Universities / Institutes / Colleges stop or reduce producing fresh graduates?
Will every fresh graduate from a recognized educational institute in India get a job offer from campus in coming years?
Will organizations from developed countries stop hiring the fresh graduates / experienced executive from India?
If the answer to the above questions is "NO", then how in this world anyone can publish such foolish report about shortage of talent in India?
Posted by: Amulya Gurtu - 24 Aug, 2009
29:I believe that Amulya Gurtu had not
understood the point what the author made.
There is no doubt that Indians have one of
the best brains in the world in terms of
intellectual capacity. But,the capacity to
work intelligently is not always directly
proportional to the number of graduation or
post graduation an individual holds. Any job,
not only management requires a lot of skill
sets put together, some of which are lacking
in a lot of Indians. For this reason, no
matter how much intelligent the person is, if
these skill sets are not developed, it will
not help him/her to manage a given situation.
I am an Indian working abroad. From my
personal experience, I see that most of the
Indians I work with lack basic courtesy and
have a laid back attitude when it comes to
working smart. Everyone shows an attitude
that only if more work hours per day put in,
the project will be effective. They finish
the same work in more hours doing the work in
a relaxed way and not by completing work
efficiently and quickly, then taking time to
relax and enjoy! I believe this attitude and
perspective needs to change. Right from top
of the pyramid. The author refers to talented
people and not educationally qualified
people.
Paul replied to: Amulya Gurtu
post - 24 Aug, 2009
post - 24 Aug, 2009
30: Indian politicians are bad managers. Indian
education system is an outdated one. Most
Indians lack basic managerial skills.
Corporate India is only interested in profit
and not interested in developing this vast
degree holders. So, Indians will have more
bad managers
Posted by: ajish - 24 Aug, 2009
31:what is Obama and Clinton crying about then.
Indian education is outdated.. In what terms.
Are the people not good enough to do phds and
Masetrs in other countries ..Are all the
poeple who went to foreign failed in their
academics.. Its not complete education ..but
yes i agree the management oriented education
in India fails as it needed and needs
experienced people to teach it. Same reason
Germany fails in marketing of innovations ..
strong process and excellent business on
process and systematics but when it comes to
management or managing ... its goes bonk
bonk! We need to be flexible and think
courageously , Risk is every where and one
should be able to handle it with other
weapons known and studied in Business books
and trainings.. these are words spoken by the
tier1 OEM CEO in germany. So desi babu's
agreed Mgmt education in India is not good
enough .. but i dont agree we cannot change
or change the situation... My advice is ,
Indian managers should stop boasting
themselves and speak less and work more. Dont
just imagine things try to concretize the
things. Dont mistreat you Jrs or subordinates
, respect every person as you expect to be
respected. Else a fear of dejection sets
inside you and you will only be good of
getting this respect and fail in all other
things. think and think, Corporate world is
only a job world , dont mix life and job ,
life is much more a open place , where you
get what you give in Job or outside job.
Americaninindia replied to: ajish
post - 24 Aug, 2009
post - 24 Aug, 2009
32: one more interesting thing is that in
India(don't know about others) everyone wants
to become a manager even if lacks basic
managerial skills. I suppose the term
"Egoistic" is very much their in our so
called managers. Some are pulled to
managerial tasks as they with their witty
skills get the job done and hence higher ups
are happy. The ideology needs some refinement
other things will automatically improve.
ocean replied to: Americaninindia
post - 24 Aug, 2009
post - 24 Aug, 2009
33: That report is not true..
India has never ran out of talent.. It is just the matter of right person at the right job.. nothing else..
India has never ran out of talent.. It is just the matter of right person at the right job.. nothing else..
Manju Vaibhav replied to: ocean
post - 25 Aug, 2009
post - 25 Aug, 2009
34: Hi Guys...
We should not take this report as an offense.If we add our thought process constructively,Majority of Indian professionals are under utilizing their skills.Aggressive approach is lacking due to corporate politics in India.No manager tries to create peers in India(Majority).I personally come across high end professional with closed box thinking.We should blame our education system,which does not allow the out-of-box thinking.
On the other hand,Our education helps to promote independent thinking ,if someone leaps as an out-standing manager, it is because of his open-box thinking.
We INDIANS have to show a better TEAMWORK to bypass CHINA.Let us create more LEADERS.
LEADERS CAN BE MADE/BORN IF WE UNITE"
Ravikiran Uppada
Hyderabad
We should not take this report as an offense.If we add our thought process constructively,Majority of Indian professionals are under utilizing their skills.Aggressive approach is lacking due to corporate politics in India.No manager tries to create peers in India(Majority).I personally come across high end professional with closed box thinking.We should blame our education system,which does not allow the out-of-box thinking.
On the other hand,Our education helps to promote independent thinking ,if someone leaps as an out-standing manager, it is because of his open-box thinking.
We INDIANS have to show a better TEAMWORK to bypass CHINA.Let us create more LEADERS.
LEADERS CAN BE MADE/BORN IF WE UNITE"
Ravikiran Uppada
Hyderabad
ravkiran replied to: Manju Vaibhav
post - 25 Aug, 2009
post - 25 Aug, 2009
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