Specialization and skill will provide better employment


Lower birth rates, increasing levels of education & training and higher rates of economic growth are gradually restoring balance between population and employment opportunities. The world is now in the early stages of demographic revolution, which promises to have tremendous impact on the future of employment worldwide. World Bank study estimates that 68 million immigrants will be needed to meet labor requirements by 2050. In the globalised era educational and career prospects may vary depending upon the developmental initiatives and emerging issues. In 2013 as per McKinsey report, internet market will offer umpteen opportunities for specialists in the job market.

Education is becoming more customized in the country. With the advancement in ICT and E learning, Universities like Harvard and Stanford started offering free online courses through softwares like Coursera and Edex. Problem based learning. active learning and activity based learning are becoming new methodologies for teaching.

In the competitive market during 2013 analytics driven HR and management programmes will become an important tool for companies to build team structure, individual progress, collaboration tools, workflows, decision making processes and working relationship between team members. Trend in the career market will be based on acquired skills. Career success today is about watching skills as they emerge, thus customizing education for better skills are more important.

Information technology will be a key career opportunity in 2013. Outsourcing and advances in IT especially BPO, KPO and LPO will create more employment in India and other developing countries. Research findings reveal that by 2020, 75 percent of jobs will have technology component. Small and medium size business will exhibit robust growth in developed and developing countries. Technology enabled learning offer many new generation courses. These new courses with IT support will create lot of home based businesses. New models will emerge in sectors like healthcare and education with IT support systems. These programmes will be of highly skilled, educative and innovative in nature. NACE job outlook 2013 survey reveals that during 2013-14 employees expect to hire 13 percent more fresh graduates than 2012. It will be highest in retail sector. Other industries projecting hiring increases for 2013 are management consultancy (16.5 percent), computer and electronics manufacturing (14.6 percent), finance, insurance and real estate (12.6 percent), manufacturing (11 percent) and miscellaneous professional services (13.3 percent).

Entrepreneurship will be one of the key sectors which will create more employment in Agriculture, industry and service sectors during 2013-14. By 2014 it is expected that many organizations will deliver mobile applications to workers through private application stores. Internet of things will emerge as a new concept and will be embedded in a variety of mobile devices like sensors, image recognition technologies and NFC payment.

Internal cloud services brokerage will retain and build influence inside the organization and become a value centre in the face of challenging new requirements as an approach to IT consumption. Memory computing, integrated systems and ecosystems will provide transformational opportunities.
Shortage of skills is closely linked to levels of education. As economies become sophisticated and technologically complex, work demands a much higher and wider range of skills. Average gap between employment rates of skilled and low skilled people is more than 35 percent. In European Union it is nearly 37 percent.

India has 51 percent work force of with average age of 26years. By 2030 only 12 per cent of scientific, technical and professional workforce of the country will be above 60; whereas in United States, 59 percent of the work force is of average 55-64 years. In Scandinavian countries it is 65 percent. This trend demands among OECD countries for import of labor and for outsourcing of work to other parts of the world. Developed countries will continue to receive international migrants from developing countries. Migration will increase from developing to industrialized countries. Among OECD countries France has a lowest migration of one in 30 when compared to one in six in UK. Less than five percent of skilled nationals from (BRIC counties) India, China, Indonesia, Russia and Brazil are living in developed countries. Of the international medical graduates working in industrialized countries, 40-75 percent is from low income countries. Health sector employs 21 percent foreign workers in Norway, 19 percent in Sweden, 14 percent in UK, 12 percent in Netherlands and 11 percent in United States. India is receiving 8 billion US dollars through brain drain from developed countries.


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