ACCORDING TO “Talent Shortage Survey” it was found that more employers than ever are struggling to fill open jobs. 45 percent say they can’t find the skills they need, and for large organizations (250+ employees) it’s even higher, with 67% reporting talent shortages in 2018.
*Abundance of skilled employees: More than 12 million youth between 15 and 29 years of age are expected to enter India’s labour force every year for the next two decades. The government’s recent skill gap analysis concludes that by 2022, another 109 million or so skilled workers will be needed in the 24 keys sectors of the economy.
*Competence: Recent reports show that Indian Employees are the world’s most ambitious and have a high rate of engagement of 78%. This is reflective of their competence because it shows how capable they are of understanding the organization’s goal and making major contribution towards them.
*Mobility: A major factor that makes Indian professionals among the most preferred for offshore employment is their ability to relocate (even for shorter durations). Infect the Global Mobility Index rating of 141 (2010) for Indians confirms that it is the most mobile workforce in the world.
*Adaptability and Flexibility: Perhaps, it is the rich traditions, cultural and regional diversity, and high emphasis on education that makes Indians the most versatile workforce in the world. One of the major contributors to its adaptability to foreign environment and its familiarity and fluency in English, the universal language. This is because English is always the medium of education or part of syllabus in India.
*Sincerity and Dependability: Indians are among the most sincere, dependable and trustworthy professionals around the world. This may be due to the combination of their high level of education, strong cultural backgrounds and high aspirations.
*Cost Savings: A major chunk of expenses in all business is employee’s salary. Outsourcing manpower from India is definitely and effective means of reducing cost. Even the most skilled Indian manpower can be recruited at highly competitive salaries.
Financial Times has released it’s 2018 Global MBA rankings featuring 100 management universities across the world. While the top 10 in the ranking are dominated by US universities, Indian colleges have made their presence felt. Four of the Indian colleges featured in the top 100 business programs across the globe and 3 of these under the top 50!
The 4 Management Institutes features are ISB, and the top 3 IIMs namely Ahmedabad, Bangalore and Calcutta.
|28||Indian School of Business||India|
|31||Indian Institute of Management Ahmedabad||India|
|35||Indian Institute of Management Bangalore||India|
|78||Indian Institute of Management Calcutta||India|
According to The annual Quacquarelli Symonds (QS) World University Rankings 2018 The Massachusetts Institute of Technology (MIT) leads the global rankings this year.
The Indian Institute of Technology, Delhi, Indian Institute of Technology, Bombay and Indian Institute of Science (IISc), Bengaluru, have been placed in the top 200 universities.
The IIT-Delhi, at 172nd position, leads the rankings in India. The IIT-Bombay is placed at 179 and IISc Bangalore features at 190.
For the rankings 29,000 universities were considered, of which 959 were shortlisted.
|172||Indian Institute of Technology Delhi(IITD)||India|
|=179||Indian Institute of Technology Bombay(IITB)||India|
|190||Indian Institute of Science(IISC) Bangalore||India|
The top 50 universities for hospitality in the world as ranked by higher education data specialist Quacquarelli Symonds (QS).
Cornell University School of Hotel Administration has been ranked No. 1 on the list of the best hospitality and hotel management schools in the world for 2018, according to a new study out by QS.
|28||Institute of Hotel Management Catering Technology and Applied Nutrition, Chennai||India|
|30||Welcome Group Graduate School of Hotel Administration||India|
|43||Institute of Hotel Management, Catering Technology and Applied Nutrition, Mumbai||India|
Yet another Indian makes his mark in the global corporate scenario by getting appointed as the Chief Executive Officer for the mobile giant Nokia. Ravi Suri, like Satya Nadella, a graduate from Mangalore University, is in the process of being named the CEO for the firm.
Currently heading Nokia Siemens Network (NSN), he will soon be taking over and restructuring Nokia.
Suri is just the latest example of the success of Indian and Indian-origin people in the corporate sector worldwide. Here is a list of some others:
*Sundar Pichai: Indian-born American computer scientist and executive who was CEO (2015) of Google, Inc., a subsidiary of the holding company Alphabet Inc. After earning a degree in metallurgy (B.Tech., 1993) and a silver medal at the Indian Institute of Technology Kharagpur, he was awarded a scholarship to study at Stanford University (M.S. in engineering and materials science, 1995). He remained in the United States thereafter, working briefly for Applied Materials (a supplier of semiconductor materials) and then earning an M.B.A. (2002) from the Wharton School of the University of Pennsylvania.
*Narinder Singh Kapany: Never heard of him? That’s par for the course, because Narinder was included in the list of seven ‘unsung heroes’ by Fortune magazine in their ‘Businessmen of the century’ issue. So if he’s unsung in his own field, of course you’ve not heard of him. He is one of the founders of fibre optics, and he has revolutionised the way information is transmitted today. Kapany wears different hats, as an entrepreneur, philanthropist and scholar. He likes maintaining a low key profile, and remains behind the scenes.
*Kalpana Chawla: Kalpana Chawla was born in Karnal, India, and she was the first Indian-American astronaut and she was also the first Indian woman in space. She began her career at NASA in 1988, and over her career, she spent 30 days, 14 hours and 54 minutes in space. In 2003, she was killed in the Columbia Space Shuttle disaster along with six other crew members. India’s first weather satellite was named ‘Kalpana – 1’ in her honour.
* C. K. Prahlad: Renowned as one of the most influential business thinkers in the world, Prahlad was the professor of Corporate Strategy at University of Michigan. Born in Coimbatore, Tamil Nadu, he became established as a business guru when he helped Philips in reconstruction just as it was on the verge of collapse. He was also a prominent writer until his death in 2010 and had written many books like The Future of Competition and The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits.
*Indira Nooyi: The current chairperson and CEO of PepsiCo, she is a graduate from IIM Calcutta who worked with several other international companies before taking up this post. She was appointed the CEO in 2006 and retains her position with the second largest food and beverage business in the world by net revenue.
*Ajit Jain: An engineering graduate from IIT Kharagpur, he is now the president of Berkshire Hathway Insurance group, a company owned by Warren Buffet. He left McKinsey to work for Buffet, and is currently leading Berkshire's Indian insurance market venture.
*Atul Singh: Founder and editor-in-chief of the Fair Observer, which is a global media platform that aims to dissect and give "plurality of perspectives" from all over the world. A former lawyer, he regularly contributes for the Huffington Post and is also a columnist for Al Jazeera.
*Rakesh Khurana: An American organisational theorist, he has been appointed the Dean of the prestigious Harvard University, and is expected to take up the post in July this year. Interestingly, he has been a former Harvard student for their Phd programme in organisational behaviour.
*Nitin Paranjpe: He did his entire schooling and college education, including post-graduation, from Maharashtra and is currently the president of the Home Care Business of Unilever globally. He has been working for Unilever since 1996 and has made his way through the ranks to make his way up to here.
*Rakesh Kapoor: Having studied at premier education institutes across India, Kapoor has worked for Reckitt Benickser plc even before it was called that. He now heads the UK-FTSE listed company as the chief executive.
*Ajay Banga: Yet another IIM graduate, Ajaypal Singh Banga has been heading MasterCard since July 2010. He has also served on the board of directors of Kraft Foods from 2007 to 2012.
*Piyush Gupta: An economics honours graduate from St. Stephen's in Delhi, Piyush Gupta is now the Chief Executive Officer and Director of DBS Group, as well as director of DBS’ subsidiary companies. Before that, he was Citigroup’s Chief Executive Officer for South East Asia, Australia and New Zealand.
*Anshu Jain: Jain studied at the prestigious Shri Ram College of Commerce in Delhi, and started his career as an analyst in derivatives research at Kidder, Peabody & Co. He has been in Deutsche Bank since 1995 and took over the position of Co-CEO of the company on June 1, 2012.
*Satya Nadella: The brain behind Microsoft Cloud succeeded Steve Ballmer and was appointed the CEO of Microsoft in February 2014. A graduate from Mangalore University, Nadella "always wanted to build things". He previously worked with Sun Microsystems before joining Microsoft in 1992.
*Sameer Suneja: The first non-Italian global chief of Perfetti van Melle, Suneja, was the former India head of PVM. He is the brain behind the humorous Mentos advertisements and the first salted-snacks venture of PVM, Stop Not Golz.
Copyright © 2018 Aloft Careers. All Right Reserved