Post from Article by Mr. Dilip Chenoy - CEO & MD of the National Skill Development Corporation
For many Indian organizations, skills development has now moved from being something nice to do and talk about in Annual Reports under initiatives taken on the CSR front to a sort of a must-do in order to stay competitive and relevant.
This feeling has percolated from the IT software and retail arenas, which, being largely people-dependent businesses had traditionally been focusing on skill development in a big way, to even sectors like automobiles and construction which, too, are increasingly getting conscious of the fact that ultimately it is the quality of the people employed that would determine the color of the balance sheet that they would present to their shareholders.
There is a growing receptivity to hiring skilled workers at every step of the ladder, even if the initial costs of doing so are higher, as progressive enterprises have started seeing the big picture and learnt to appreciate that a trained workforce is more productive, can get the same work or more done in less time, and, in many manufacturing-specific segments, also waste less.
This, in turn, can lead to a greater improvement in the bottomlines of companies.
Read the complete article on our Guest Articles page where we feature articles by prominent Industry Executives
Dilip Chenoy is CEO & MD of the National Skill Development Corporation
Prior to this, Director General of the Society of Indian Automobile Manufacturers (SIAM) which is the apex Industry body representing 44 leading vehicle and vehicular engine manufacturers in India.
Dilip was earlier the Deputy Director General responsible for Industry Sectors and Associations Council - (ASCON) covering, Agriculture, Life sciences and ICT in the Confederation of Indian Industry (CII). Dilip was the Oil spokesperson and coordinated CM's international work relating to the ASEAN.
Dilip was part of an India team working on the competitiveness of Indian Industry with Prof Michael Porter, Harvard Business School. Dilip has also served as Regional Director for the Southern Region of CII. He worked in industry prior to joining CII.
For many Indian organizations, skills development has now moved from being something nice to do and talk about in Annual Reports under initiatives taken on the CSR front to a sort of a must-do in order to stay competitive and relevant.
These enterprises – big and small – have realized that a skilled workforce is their best insurance policy against greater competition and a generally tough economic climate where every penny saved can make the difference between profits and losses.
This feeling has percolated from the IT software and retail arenas, which, being largely people-dependent businesses had traditionally been focusing on skill development in a big way, to even sectors like automobiles and construction which, too, are increasingly getting conscious of the fact that ultimately it is the quality of the people employed that would determine the color of the balance sheet that they would present to their shareholders.
There is a growing receptivity to hiring skilled workers at every step of the ladder, even if the initial costs of doing so are higher, as progressive enterprises have started seeing the big picture and learnt to appreciate that a trained workforce is more productive, can get the same work or more done in less time, and, in many manufacturing-specific segments, also waste less.
This, in turn, can lead to a greater improvement in the bottomlines of companies.
Read the complete article on our Guest Articles page where we feature articles by prominent Industry Executives
Dilip Chenoy is CEO & MD of the National Skill Development Corporation
Prior to this, Director General of the Society of Indian Automobile Manufacturers (SIAM) which is the apex Industry body representing 44 leading vehicle and vehicular engine manufacturers in India.
Dilip was earlier the Deputy Director General responsible for Industry Sectors and Associations Council - (ASCON) covering, Agriculture, Life sciences and ICT in the Confederation of Indian Industry (CII). Dilip was the Oil spokesperson and coordinated CM's international work relating to the ASEAN.
Dilip was part of an India team working on the competitiveness of Indian Industry with Prof Michael Porter, Harvard Business School. Dilip has also served as Regional Director for the Southern Region of CII. He worked in industry prior to joining CII.
Today knowledge is no longer an element of Strategic Advantage. Knowledge is free and is accessible to all. What creates a strategic advantage either for an individual, society or organization is the skills component. Let us put our hands together to create this strategic advantage to ourselves, our society and our nation at large.
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