IS CORONA MENACE LEADING TO A NEW DIMENSION IN THE HIRING WORLD?

Job market and hiring have become very buoyant. In the present scenario, the Human Resource which we always have been proud of has replaced its stature from ‘Resource’ to ‘Commodity’. The Corona effect and the ensuing Work from Home concept has given rise to a new dimension in the hiring world. Today’s Human Resource is trying to make the best of this situation like the old proverb “Make Hay when the sun shines”. However, it may have a cascading effect on their career which will ultimately lead them to nowhere. Let me elucidate this with an example, If a person is drawing Rs. 10,000/- CTC  and is suddenly offered a hike of Rs.40,000/- CTC, he will obviously be very happy with the huge jump in his salary but this may lead to disastrous consequences. Not all may go through this but majority will be Sufferers than Gainers in the system such as:

1)  Entire job market compensation structure will have a tremor effect and an added escalation in cost to the Employer

2)  The Employer has to run his business so he may not mind to take such temporary shocks but when the market eventually settles down, it leads to another cycle of clipping which will have a dreadful effect on the high-cost resource

Here, the employer is not at fault because he would like to have a low cost, high yield strategy at the right time.

 Now, what happens to the Resource?

After getting this enormous hike, his personal expectations and standard of living will obviously go up. He becomes a favorite customer of the bank who allures him for long term EMIs!

The sudden change in standard of living creates a mindset change for kids and other family members. However, if something untoward happens and the Resource is not able to manage the situation, the entire family is bound to suffer mental agony and depression.

Is it necessary? -This question often comes to my mind

In a way all of us are responsible for this debacle! In some countries, they have put a ban that the increment should not be more than 40% to 50%. There is an urgent need for us to introspect and ensure that the compensation structure of the country which also impacts the economy is not bulldozed without any justification.

The mental and social health of our resources has to be protected. We should not let them fall prey to this damaged system that is prevalent today. Industrial bodies and Government alike must also make a note of this and ensure equilibrium so that a healthy and stable system can be maintained. Then, I’m sure the economy of our country will be strong and stable in the true sense.

There may be several people who may find my thought process weird. But I urge you to sit back, analyze and think about the future. We have to get sensitized with what is happening around us, be it in the pretext of corona or otherwise.

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NO RISK, NO GAIN!

I am probably the best example for the adage Old wine in a new bottle. Just as the wine gets older, it becomes more expensive. Similarly, at the age of 67, I feel eager to work harder and contribute to the society. This passion towards work can be traced back to my first job with TATAs. I was interviewed by none other than the great Russi Mody, a legend who was instrumental in building TATA iron and steel company. In the interview, he asked me where do you want to work? Steel or Coal mines? I choose coal. He was completely taken aback by my answer, probably wondered how a boy from South India could sustain working in a tough terrain like coal mines. His next question was, “Where do you want to end?”. I simply replied, I want to sit in the chair where you are sitting. He just smiled and said, “What nonsense”, but I assured him about my goal and thus began my 20 years journey with TATAs. I first started with coal and then moved to steel. Later on, I set up a cement plant and after few years I was picked up by Hyundai as their Sr. Vice President HR. I worked in this Korean company for over 12 years and finally retired from my first innings.

In my second innings, I decided to achieve my passion. My inner passion has always been to give back to society. I always believed that if I am able to help others achieve their dreams, it will make me a happy and an enriched person. I started practicing this. I created an institution with an intention to help school and college dropouts. As Layam opened its doors in 2007, we soon realized that there are scores of candidates with poor academic records but exemplary skills (either technical or life skills). We stepped in as a catalyst for growth. Thus began my dream of helping others achieve their dreams.

Candidates coming to us are trained and upskilled. Later on, we place them in leading companies wherein they start their journey toward career success. Today, I am proud to say that we have trained and placed over 15,000 people in various jobs across India and there are many more who are coming into our fold. Today, my institution has a pan India presence. At times, I sit back and think, ‘Have I really earned my salary and for what am I working’, then I recall my father’s words. He said, “before you get a job, think about what is your contribution to the society?” My contribution to the society may be a drop in the ocean but when I see successful candidates fulfilling their career dreams, it fills me with immense joy and satisfaction.

I have always believed that developing empathy is an essential trait which I have tried to imbibe in every step of my life’s journey. While doing so, I have refrained from embracing a stance like, I am okay but you are not okay. This ego trip can become an ongoing phenomenon with no clear solutions in sight. Instead, try to enjoy the simple pleasures in life and do everything with your heart. God has given us head and heart. Do not dump all your negative feelings and emotions into your heart. Instead, use your head to filter it. The most important thing in life is to first understand yourself. You are the architect of your life. Believe in yourself. Success is in your hands and let’s not blame the world, destiny, God or anybody for our shortcomings. Each one of us can write a success story. Some of my suggestions may be very difficult to practice in the present environment but success like I said comes to people who are willing to take a risk! If you shy away from taking risk, then do not expect any gain!

 

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