Talent Crunch

On "IIPM - Arindam Chaudhuri - Planman"

India has abundance of resources and the industry too has developed a strong will to compete with the best in the globe. But the biggest dilemma of our times is that despite having a youthful population, we just don’t have the rightly skilled people to catapult India to new economic heights. This paucity of skilled work-force is beginning to hurt India Inc.

Sunit Sachar, COO (Chief operating Officer) of Parsvanath Developers has more reasons to worry these days. One of the fastest growing real estate companies is facing acute shortage of skilled professionals to execute projects in different cities. The scarcity of talent is plaguing every area of the sector, right from valuation of land to design and construction of the project. He fears, lack of people with right skill set may cause inordinate delay in execution of their projects & if the problem persists, it might retard exponential growth of the company. Now consider another scenario. Rajesh Nair is still waiting for the coveted job as a software testing engineer even after completion of MCA course two years ago. He is unable to understand why he is being constantly rejected by companies despite possessing a good degree. Sudhakar Das working in Leela Hotel, Bangalore, has quit his job to join a KPO firm in Gurgaon. The temptation to switch over the job was difficult to resist as the new firm offered him to pay double of what he used to get.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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• Rashmi Bansal (Editor of JAMMAG)
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