5 things your Chief Learning Officer should teach youPublished on Wed, Dec 23, 2009 at 12:15 | Source : Forbes India Updated at Thu, Dec 24, 2009 at 12:04
The times they are a-changing. And both employees and employers need new skills. Urgently Many Indian firms aren't prepared for the complex changes that they will inevitably have to make in their HR policies, particularly in compensation systems. Compensation issues are usually the biggest bugbear for any firm when they begin to globalise. Is it equitable for an Indian firm to pay its Indian executives more when they post them to Africa? How do they respond when the same executive returns to India? Or as Tata Steel, for instance, found to its horror, its English workers at Corus wanted to know why the Indian workers at Jamshedpur could get pay hikes when they had to face job cuts themselves. Of course, there are already several models of how other multinationals have managed this process - and very soon, Indian multinationals must start to develop their own code book. 2 Developing a Global Leadership Bench The challenge: Indian firms need a strong pipeline of their own managers who are ready to run businesses in global markets. And that means learning to adapt to new settings and cultural mores. For instance, Hindalco executives initially found it hard to deal with the fact that Novelis executives were "hesitant" to work beyond the usual hours or come in to office during weekends. But once they began to appreciate local work cultures, the Indian executives were finally able to gel with their North American colleagues. Some groups like Essar aren't leaving it to chance; developing a global leadership bench is one of its big themes for 2010, says Adil Malia, vice president (HR). Malia is driving this initiative through an internal programme - Learning Centre and Virtual University - to first spot and then train group executives for global postings. It is mission critical for a simple reason: More than half of Essar Steel's revenues will come from its overseas operations. 3 Soft Skills are in Focus Across service businesses, be it in IT/ITES, retail, hospitality and telecom, soft skills training is becoming a high priority area, says Hema Ravichandar, strategic HR advisor and former head of Global HR, Infosys. And it isn't just about learning how to talk shop. It's also about how to talk and write well, listen better and improve body language, eye contact and presentation. In manufacturing firms, the quality of soft skills is often found wanting when executives step out into unfamiliar territory. For instance, some manufacturing firms simply did not have the ability to engage with local communities while handling sensitive issues like land acquisition in the rural heartland. Unless Indian firms learn to engage with a local panchayat or even a community of farmers, there's the danger that many rural communities could even shut them out. 4 Getting Ready for the Gaming Generation The trouble is most Indian organisations aren't quite ready to handle this transition, says K. Ramkumar, executive director at ICICI Bank. It'll mean overhauling how work is done inside the organisation, and even the way workers are trained. Get ready to say goodbye to traditional favourites like PowerPoint presentations and classroom-based training. Ramkumar's advice: Start incorporating gaming concepts into your learning gear. He's done just that inside the bank's treasury department. Folks working on the currency desks have been trained how to detect counterfeit notes through Checkmate, a videogame that forces one to spot duplicate notes. But that's the easy part. The bigger challenge is to deal with the narrowing age gap between senior, middle and junior management. That'll mean companies will need to put young people on a maturity curve early on, says Ramkumar. Leadership development will have to start as soon as youngsters walk in. 5 Building Nurseries of Talent There's one key factor that will drive the shift: The skills that firms need to compete in future will change a lot faster than the talent market. By now, most firms have realised the futility of trying to influence educational institutions to change their system or tweak the curriculum. So how does one bridge the yawning skill gap? Many more Indian firms, says Ramkumar, will build their own nurseries of talent. And they'll look for smart entrepreneurs as partners. Together, they'll focus on first identifying so-to-be graduates at least six months before they pass out of college, and then mould the young minds so that their skill sets are in line with market needs. This could soon become the number one priority for all cutting-edge firms.
PREVIOUS STORY Trending NewsBusiness News
|
NewsVideos
May 29 2012, 12:19 Expect Tata Motors Q4 PAT at Rs 4200 cr: StanChart - in Brokerage Results Estimates Interviews
![]() May 29 2012, 22:37 | Source: CNBC-TV18 ![]() May 29 2012, 17:34 | Source: CNBC-TV18 ![]() Subscribe to Moneycontrol Newsletters |
|||||||