The other day I came across in Hyderabad an advertisement in the local newspapers regarding a BPO JOB FAIR from 10 AM to midnight. Age / Sex no bar. Walk-in and Walk-out with your offer. Imagine you are a retired (voluntary retirement) banker and I know many of these species. Here is an opportunity to earn a few thousands ( Rs 10,000 +), work in a 100 % air-conditioned environment, interact with young people. I would jump at it.
Software companies have relaxed the educational qualifications while hiring. For instance, a top 10 Indian software company, used to only hire engineers with over 60 %. Today, the same company hires laterally software engineers who have a 50 % pass mark. Forget engineers, they are willing to hire Diploma holders. The reason, an acute shortage of people, the right type of people.
Whether it is software or BPO or retail or restaurants, there is an acute shortage. Forget, white-collared workers, look at the construction industry. The kind of revolution which we are seeing across India demands – Blue-collared workers to build, paint etc etc. Here again there is an acute shortage. Witness the advertisements in the local vernacular press.
In any party or seminar or meeting, I am asked about this talent shortage across industrial sectors. My reply dear Reader – “ SUPPLY catches up with DEMAND “.
Remember, we are a nation of over a Billion in terms of population. Every year, millions are joining the work-force. The rules of ECONOMICS will get applied automatically. You will see that the new workforce will learn new skills. Potential employers will train / retrain their existing / potential workforce so that the industry needs are met.
What should the Indian government do ? I personally am of the opinion that the government should help the private sector by subsidizing the skills training etc etc.
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