Skills : The global currency
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Skills : The Skills : The global currency global currency Uma Ganesh Uma Ganesh
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Skills : The global currency. Uma Ganesh. 2020 Outlook: Global Markets. Profound shift in the global centres of economic activity – Europe registering the highest growth currently Asian countries that account for nearly 18% of world economies to grow exponentially - PowerPoint PPT Presentation
Transcript of Skills : The global currency
Skills : The global Skills : The global currencycurrency
Uma GaneshUma Ganesh
Profound shift in the global centres of economic Profound shift in the global centres of economic activity – Europe registering the highest growth activity – Europe registering the highest growth currentlycurrently
Asian countries that account for nearly 18% of Asian countries that account for nearly 18% of world economies to grow exponentiallyworld economies to grow exponentially
Countries with significant skill capital to innovate, Countries with significant skill capital to innovate, compete & sustaincompete & sustain
Uncertain economic environmentUncertain economic environment
Every 6 out of 10 people affiliated with IT will Every 6 out of 10 people affiliated with IT will assume Business facing rolesassume Business facing roles
2020 Outlook: Global Markets
Source :NASSCOM & PHD Chamber of Commerce & Industry
Overcome the “skill vs education” paradox Overcome the “skill vs education” paradox
Deliver the right skills but most importantly at the pace Deliver the right skills but most importantly at the pace of change of change
The challenge is to have the right people with the right The challenge is to have the right people with the right age at the right timeage at the right time
Shift from employment to employabilityShift from employment to employability
Skills upgradation to be the strong parameters for the Skills upgradation to be the strong parameters for the industry measurementindustry measurement
More demand for peculiar skills like IT security More demand for peculiar skills like IT security management, storage administrator, application management, storage administrator, application development etcdevelopment etc
The 2020 Imperative : Skills Development
Challenges faced by Challenges faced by countriescountries
India India Disconnect between skills Disconnect between skills
provided & requiredprovided & required Time zone DifferentialTime zone Differential
Canada Canada Latent demandLatent demand High capital costsHigh capital costs
ChinaChina LanguageLanguage Shortage of Skill Shortage of Skill
development institutionsdevelopment institutions
The African opportunityThe African opportunity
Low cost destinationLow cost destination
Linguistic advantageLinguistic advantage
Convenient Time zoneConvenient Time zone
High potential to develop tertiary High potential to develop tertiary skillsskills
India Outsourcing Story India Outsourcing Story Success factorsSuccess factors
•English familiarity – 90 million people•Technical Institutes – 1.06 Million pass outs
13 Indian Institutes of Technology (IITs) 4 Indian Institutes of Information Technology (IIITs) 18 Regional Engineering Colleges20 National Institutes of Technology (NITs)
•Commerce & Arts- 1.8 Million pass outs•High school pass-outs – 2.98 Million• Infrastructure Support -
Metros - Delhi, Mumbai, Kolkata, ChennaiEmerging IT Cities - Bangalore, Pune, Hyderabad, Gurgaon
•Public private partnerships
Snapshot Ageing indicators Snapshot Ageing indicators
Country2000 2025 2050 2000 2025 2050
India 23.7 31.3 38 8.1 12.1 22.6Mexico 23.3 32.5 39.5 7.6 13.8 30USA 35.5 39.3 40.7 18.6 29.3 34.9Australia 35.2 40.5 41.9 18.2 29.3 37.9China 30 39 43.8 10 19.4 37.2Canada 36.9 42.9 44 18.5 32.6 40.9France 37.6 43.3 45.2 24.5 36.2 46.7UK 37.7 44.5 47.4 24.1 34.8 47.3Europe 37.7 45.4 49.5 21.7 33.2 51.4Russia 36.8 43.8 50 18 27.6 47.1Germany 40.1 48.5 50.9 24.1 39 54.7Japan 41.2 50 53.1 25.2 49 71.3Italy 40.2 50.7 54.1 26.7 40.6 68.1Spain 37.7 49.2 55.2 24.8 36.1 73.8
Indicators of Aging in Selected Countries (2000, 2025, and 2050
Median Age (Years) Old Age Dependency RatioCountry
2000 2025 2050 2000 2025 2050
India 23.7 31.3 38 8.1 12.1 22.6Mexico 23.3 32.5 39.5 7.6 13.8 30USA 35.5 39.3 40.7 18.6 29.3 34.9Australia 35.2 40.5 41.9 18.2 29.3 37.9China 30 39 43.8 10 19.4 37.2Canada 36.9 42.9 44 18.5 32.6 40.9France 37.6 43.3 45.2 24.5 36.2 46.7UK 37.7 44.5 47.4 24.1 34.8 47.3Europe 37.7 45.4 49.5 21.7 33.2 51.4Russia 36.8 43.8 50 18 27.6 47.1Germany 40.1 48.5 50.9 24.1 39 54.7Japan 41.2 50 53.1 25.2 49 71.3S. Africa 22.6 25.9 31.5 5.7 11 14.9
Indicators of Aging in Selected Countries (2000, 2025, and 2050
Median Age (Years) Old Age Dependency Ratio
BPO Hospitality AutoKPO
Financial Services
ITES
EngineeringHealthcare
Drugs and pharmaBiotech
Greater is the size of the bubble, bigger is the size of the industry
High
Low
Low High
Employment Potential
India’s Economic India’s Economic LandscapeLandscape
Hospitality Auto
IT
Source : IMaCS Analysis
Engineering
Biotech
Financial Services
Engineering
Biotech
Hospitality
Financial Services
Engineering
Biotech
Competitive Positioning of High growth Industries
Opportunity & challengesOpportunity & challengesCurrent Standing
Total Population engaged in service sector 144 Million
Job opportunities in IT Industry 2.23 Million
Number of graduates passing out each yr-48.7 Million
Source : Directorate of Training & development
Challenges•Quality – teachers, process•Relevance – skill oriented content•Management - professionalism•Resources - budget•Structured Delivery – align the gap
The GTT RouteThe GTT Route
Competitive Competitive indexindex
Industry - Education Industry - Education PartnershipsPartnerships
Assessment Assessment & evaluation& evaluation
Orientation & Training
BenchmarkingBenchmarking
Dr.Kiran KarnikFormer President NASSCOM
Dr.Robert Eccles Harvard Business School
Dr.Rumi Contractor CEO HSBC
Dr.Ashok Kolaskar Advisor on Knowledge commission
Retd.Gen.S.S.Mehta
Former Dir.Gen CII
Dr.Kiran Datar Advisor on Knowledge commission
Dr.Ganesh Natarajan Chairman NASSCOM
GTT Capacity buildingGTT Capacity building for skills in Indiafor skills in India
Empowering the Youth Empowering the Youth WithWith relevant Skills – relevant Skills – A case A case
studystudyIndia - Maharashtra
EABS partneredEABS partneredAsian UniversitiesAsian Universities
500 Centres – 500 Centres – DomainDomain skills for skills for verticalsverticals
University of University of Pune Pune 100 colleges, 30,000 100 colleges, 30,000 studentsstudents
MKCL- 4500 centres MKCL- 4500 centres 35 mn Trained in IT in 35 mn Trained in IT in 5 yrs5 yrs
AWARENESS
EMPLOYMENT
EMPLOYABILITY
PROFESSIONAL DEVELOPMENT
INTERNATIONAL CERTIFICATIONS : IEEE, III, NASSCOM, NAC
Industry PartnersFaculty
Learner
Facilitator Projects
University
Ecosystem For skill Ecosystem For skill development in Indiadevelopment in India
Content Authoring tool: Flash, Photoshop
Cisco WebEx Learning Center
Technology supported Technology supported Academic PedagogyAcademic Pedagogy
Information Technology
Banking & Finance Services
Supply chain & Logistics
Healthcare
Human Resources
Publishing & Research
Replicating Indian Skills Replicating Indian Skills inin Africa – A RoadmapAfrica – A Roadmap
CertificationCertification
Faculty/Training the trainerFaculty/Training the trainer
Design CurriculumDesign Curriculum
Skills AssessmentSkills Assessment
Identify Offshoring Identify Offshoring OpportunitiesOpportunities
What we needWhat we needA “thought shift ” from employment to employability A “thought shift ” from employment to employability
From providing the fish, From providing the fish, to teaching how to fishto teaching how to fish
