The main cause of unemployment in India is not enough skilled ppl to fill the jobs wherever required resulting in companies trying to make 1 person do the work of 6 persons as they are not able to hire 2 more qualified persons at reasonable salary so that each of them do work of 2 persons.If there is workforce surplus, that is an opportunity to optimally utilize surplus workforce.
Making 1 person do work of 6 persons will not help utilizing surplus workforce, rather will create issues in economy.
That is one of the causes of unemployment in India.
Skills don't grow on trees and its perishable. Corporate need to invest money to train their resources they hire and not expect a Fresher/novice engineer to posses skills equivalent to 20+ yr experienced veteran.The main cause of unemployment in India is not enough skilled ppl to fill the jobs wherever required resulting in companies trying to make 1 person do the work of 6 persons as they are not able to hire 2 more qualified persons at reasonable salary so that each of them do work of 2 persons.
I am talking about a typical engg graduate with a 4 year BTech degree not able to code a factorial function or make a coherent presentation to a group of half a dozen people. It is at entry level in pvt companies that Indian education system shows its complete failure.Skills don't grow on trees and its perishable. Corporate need to invest money to train their resources they hire and not expect a Fresher/novice engineer to posses skills equivalent to 20+ yr experienced veteran.
Bring ethical regulations, proper human rights and enforce it properly. Corporations will then automatically find enough qualified man power from surplus workforce. Human social index / wellness will also progress hugely.The main cause of unemployment in India is not enough skilled ppl to fill the jobs wherever required resulting in companies trying to make 1 person do the work of 6 persons as they are not able to hire 2 more qualified persons at reasonable salary so that each of them do work of 2 persons.
Bring ethical regulations, proper human rights and enforce it properly. Corporations will then automatically find enough qualified man power from surplus workforce. Human social index / wellness will also progress hugely.
The whole thing happens in India partially because the country tolerates slogging, businessmen like the guy behind root cause of this thread cheer-lead slogging without any sense.
Welcome to real life. If you aren't willing to lose some, you will lose everything.
Every soldier, every businessman every politician knows this. Read about how the US lost its manufacturing industry to east Asia. The Japanese (and later the Chinese) kept undercutting them till the Americans businesses became unviable and closed down.
How conveniently you bring in conspiracy theories to justify overwork. Now what, psyop to kill a random corporate employee ?This case has psyop written all over it.
Training more ppl for longer times cost more money which works as long as economy is booming. Infosys used to train ppl for as long as 6 months in their campus in early to mid 2000s as told by some ppl I know. That 51% figure was for overall scenario in India, for this particular case I am guessing there were other factors maybe incl that qualified enough CAs command higher salaries because of demand supply gap so EA didn't want to spend more on hiring. I also do not correlate productivity with time spend in office/home, if 8 hours of work every day for 5 days a week gets the job done then that is enough even if doesn't get you some "best worker/hard working employee" award. If it is requiring 70 hours a week to get the job done then either something is wrong with the company financially (in which case leaving it is always better) or you are specifically being targeted for this in which case leaving is also recommended. Now if it is a rare case where almost everybody incl the ceo is working for 70 hours a week then that's a personal decision to continue with that company or not.Rather, train enough employees for the job will bring in more employable people, better human life index.
About skills, CA exams are about merit and skills, no reservations, quota, etc. ? So there are no qualification or eligibility gap here ?
Isn't Indian economy booming ? Share market is all time high and growth predictions are winning over even developed country's growth rate.cost more money which works as long as economy is booming. I
Well he did say that he will take that to his grave ..I don't believe in work-life balance: Narayana Murthy
Narayana Murthy said that hard work is key to national progress, citing Prime Minister Narendra Modi’s long work hours as an example.www.indiatoday.in
Our next PM?
After he dies Infoshit will immediately enforce 70hours work policy and soon the elite slavery co. tcs will follow their footsteps!!Well he did say that he will take that to his grave ..
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70 hours is for slaves. Masters do 80+