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  • Category: Miscellaneous
    Points:5

    Let us give importance to human capital

    Dr Raghuram Rajan, the highly rated and noted economist, is on record as saying that giving importance to human capital is as important as creating infrastructure in the form of airports or refurbishing railway stations.

    This is exactly the point. The rise of South India as a huge destination for new IT companies is there for all to see. The presence of a huge number of engineers, each of whom has more than average knowledge of the written and spoken English, is a big plus. The huge influx of unskilled labor from the Hindi belt, to do all sorts of manual jobs can be squarely attributed to the fact that they do not know English, even at the elementary level.

    Furthermore, it should be noted that the higher education in all fields is still done only in English, even in the most advanced Europe. The single most important point is that we should harness the power of human capital in all fields, particularly technical education that includes all the subjects cutting across the entire spectrum.

    We should understand that human capital training is a continuous process and should be given most importance. For example, it is difficult to find trained carpenters and even motor mechanics. If the carpenters are trained to do the designer kitchens, for example, they will add tremendous value.

    If the motor mechanics are trained to do more sophisticated jobs, they can easily find jobs in the showrooms of the major auto companies. even in the tier-2 or tier-3 towns. We need to keep on innovating on the gaps in human capital needs in all fields to harness human capital to the largest extent.
  • #777969

    Points:5
    Human resources are very important for any business. It is one of the four Ms required. Material, Machine, Money and Man. Among the 4 mentioned, the most important is Manpower. Trained manpower and qualified manpower are very important for the success of any business or development of any country. So it is a fact that we should give importance to human capital.
    But these days I am seeing many industrialists especially medium-sized industries think that they can get people easily. But the right person for the right job is very difficult to fulfil. This fact is to be understood by all and plan this also in advance.
    As there are many technological changes taking place training the human capital is very important to get them the latest knowledge and skill set that is required for them to perform the jobs in a better way. That is why many companies are appointing HR Managers to Head their HR departments and take care of the HR needs of the company.
    drrao
    always confident

  • #777973

    Points:5
    Absolutely! Dr. Raghuram Rajan's words ring true indeed. Prioritizing human capital is not just an option; it's a necessity for sustainable development. Take, for instance, the remarkable growth of South India's IT sector. Its success can be attributed not only to infrastructural advancements but also to the abundant availability of skilled engineers with strong English proficiency. This combination has attracted global attention and investment, propelling the region to new heights of economic prosperity.

    However, there's still ample room for improvement, especially in sectors often overlooked, like carpentry and automotive repair. Imagine the transformation if we were to invest in upskilling carpenters to craft designer kitchens or empower motor mechanics with advanced training to handle sophisticated repairs. Not only would this enhance their employability, but it would also elevate the quality of services offered, meeting the evolving demands of consumers.
    Regards,

    Sunil

  • #777990

    Points:4
    Skilled and trained human resource is the main pillar of the economy. They are required in all types of industries and business areas including Computer Applications and IT.
    It is true that from some of the southern states like Karnataka, Tamilnadu, and Andhra Pradesh there are some IT engineers who are doing well not only in our country but also in many foreign countries. They have a good presence especially in US.
    As regards their knowledge of English language it is definitely a good tool in their hands but their professional success is mainly due to the excellent knowledge of the core subject and area in which they are working. English language is only helping them in communicating clearly.
    Thoughts exchanged is knowledge gained.

  • #777993

    Points:5
    It is very true that human resource is very important for any organisation. In the ever changing business scenario today it is required that this human resource is to be upgraded continuously by imparting training and refresher courses. Those who have technical deficiencies should go through rigourous technical course and those who are weak in English proficiency should undergo short language course.
    Organisations are taking work from the employees and it is their duty in the interest of the organisation only that they should chalk out plans for exhaustive trainings for these employees.
    Today we are living in a world of fast changing technologies and companies have to be dynamically ready to adopt to these changes and until the employees are trained in the new skills the organisation would not be able to compete with others.
    Knowledge is power.

  • #777996

      

    Points:5
    This thread has multiple horizons, though the title talks about Human capital. I differ with the author about his comment on creation and development of infrastructure in the form of Airports and refurbishment of Railway stations. Slightly deviating the discussion, we generally deliver our opinion based on the leader who initiates the action and the media plays its role as I mentioned in another thread. The Hi-tech city in Hyderabad, popularly known as Cyber city and the Electronic City in Bangalore came up simultaneously. While the CM of one state got full credit whereas the then CM of the other state was forgotten totally.

    Coming to the core point of the thread, development of Infrastructure is also necessary and the utilization of Human capital too is required in the process of development. Both Human capital and development of Infrastructure are directly proportional to each other. Further, the Indian Government as compared to previous regime has handled both the cases with vision during the last decade. Skill development at various levels is being taken place as a part of the National Skill Development programmes through various channels. Economists, generally have their own views but the ground reality is to be taken care while putting forth our opinion.
    Regards,
    Jagdish

  • #778022

    Points:4
    Of all, human capital signifies the most important aspect of carrying forward a job. That is why all the organisations or sectors are attaching the importance of upskilling human resources. We are fortunate to have cheap and proficient human skills in all the associations and hence profitability margins of various organisations are of respectable magnitude.
    The human resources of ours can tackle the adverse situations due to their updated knowledge and their communication - skills.
    Nurturing the human - skills is our national priority and hence many seminars & classes are arranged by the companies to upgrade their skills.

  • #778035

    Points:1
    Shri Jagdish Patro Sir, the facts are there for all to see. The absolute numbers of IT specialists coming out of the engineering colleges with more than average English and very good technical skills is far in excess of what has been possible from the Hindi-speaking States.

    Please do note that the millions of unskilled workmen, who know nothing except the Hindi language but can be trained as cooks, or watchmen or drivers and so on, is only from the Hindi belt. Please go to any South bound train to see how the tragedy unfolds. These humble souls often do all the manual jobs for a pittance, far less than what is paid to the locals. So, it is the demographic divide from a very unfortunate point of view. It is the Hindiwallahs who are totally exploited.

    What is the need for a new airport at Ayodya Sir? Too much of infrastructure is built in the HIndi States, but the South Indian States are given very little. These are all facts that cannot be denied.

  • #778036

    Points:5
    The human capital though a most basic necessity just as other capital assets, does not reflect directly in any balance sheet. It was represented by the revenue expense of wages and salaries. It was thus not given the due importance it deserved especially during he last couple of centuries. The result was of industrial relations, staff unrest, Labour-Management(owner) antagonism etc.

    The concept of 'Human Resources" got evolved and thus could give the human capital an obvious importance. Definitely this has led to a lot of paradigm changes some good and some not so good. But overall, as the Management(ownership) itself took some care of the human employees, the trade unionism which was earlier sole representative of human employees got its role diminished.
    In my staring years of career in supervisory role, I used to tell my peers and subordinates that we were all "off-balance sheet' assets or liabilities. Hence the only way to make us visible is through our work and usability to the organisation. Our trade union association (non-political) also advocated a slogan" Rights flow out from duties well performed".

    Management is actually a technique properly managing .men' and materials.

    Any industry or organisation right from a family unit, where the human members are taken proper care will be a smooth place and there will be mutual progress

  • #778038

    Points:5
    The particular member is suffering from a false sense of superiority complex. He tries to divide the country into two artificial divisions, i.e. so-called South India and so-called Hindi belt. This has been proved time and again by his various threads.

    I can write page after page to point out the fallacious logic of the member. But as I am extremely hard-pressed,, I am submitting my comments very briefly.

    For example, I don't have any doubt about developing human capital, but is speaking English the only criterion to prove development of human capital?

    Further, the development of IT sector in two-three cities of two or three southern states doesn't mean the development of human capital in the entire 'South India'. I have seen abysmal conditions of roads, villages, health system, education and other development indicators in some parts of Tamil Nadu, Telangana, Karnataka and even in Kerala.

    Thirdly. migration of people doesn't always signify less or more human development. How does the member explain huge population of those 'South Indians' in Delhi and in Mumbai? Those so-called 'South Indians' settled in Delhi or in Mumbai even shudder to think to relocate in those 'South Indian' states. One of my Tamil Brahmin friends (but born and educated in Kerala) came to Delhi in 1980. He has been forced to return to Chennai after 42 years in Delhi. He is terribly unhappy and always speaks ill about the 'Madrasis' of Chennai.

    Finally, what Shri Raghuram Rajan, the former Governor of RBI, says cannot and should not be taken as 'gospel truth'. We must learn to question him (as well as Shri Amartya Sen).
    (a) Those who have forgotten Noakhali, how can they protest Sandeshkhali?
    (b) Have no fear of perfection - you'll never reach it. ---------- Salvador Dali

  • #778066

    Points:-5
    [Response removed by Admin. Read forum policies.]


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