I had this oppurtunity of meeting a dear friend, a very senior person from DELL recently and this is a summation of a hilarious and a heated conversation. We realised that in the 90s every conversation would eventually end in what investment in education should be done to advance ones careers. The investments made then , I would imagine has really paid off, not just because of our current designations or the monies that we earn, but because of the employability that we have created for ourselves both in terms of domains and skills, but also in business exposure.
Has things changed? I do belive so.
1. The organizations then didn’t feel the need to change. Most organizations then were protected by the lack of competition, protective policies of our government and in my opinion also a sheer lack of organizational ambition and belief . Since there weren’t too many companies and jobs were few, the only way for an employee to grow or get a better paying job was based on his superior knowledge. So even traditional companies could attract engineering and management graduates from the best of schools. ( Not to mention post graduates working as clerks and sweepers in railway stations )
So employees learnt and the organizations didn’t.. or rather didn’t have to. And employees spend from their own pockets. The employer paying for higher education was a miracle...almost unheard of.
2. Today, it’s the other way around. The employee’s do not want to invest in education, while the organization is ready to go all out to help their employees learn. Most employees do not think it is worth while to invest education, because even with their current skills, they are highly valued in their current organization and more importantly, the availability of basic skills has become rare in a market place whose GDP is growing at an annual rate of 8%.
Organizations want to learn, because in a dynamic environment, the only key long term differential is its ability to add value consistently to all stakeholders. That’s possible only if you have an evolving workforce
So I believe, there’s a strong correlation between the demand & supply of talent and the willingness of organizations or the employee to invest in knowledge and capability building.
The bottom line however, is that irrespective of what hat one wears i.e an employee or an organization, to survive, compete and to be on top, one must invest in capability building
Has things changed? I do belive so.
1. The organizations then didn’t feel the need to change. Most organizations then were protected by the lack of competition, protective policies of our government and in my opinion also a sheer lack of organizational ambition and belief . Since there weren’t too many companies and jobs were few, the only way for an employee to grow or get a better paying job was based on his superior knowledge. So even traditional companies could attract engineering and management graduates from the best of schools. ( Not to mention post graduates working as clerks and sweepers in railway stations )
So employees learnt and the organizations didn’t.. or rather didn’t have to. And employees spend from their own pockets. The employer paying for higher education was a miracle...almost unheard of.
2. Today, it’s the other way around. The employee’s do not want to invest in education, while the organization is ready to go all out to help their employees learn. Most employees do not think it is worth while to invest education, because even with their current skills, they are highly valued in their current organization and more importantly, the availability of basic skills has become rare in a market place whose GDP is growing at an annual rate of 8%.
Organizations want to learn, because in a dynamic environment, the only key long term differential is its ability to add value consistently to all stakeholders. That’s possible only if you have an evolving workforce
So I believe, there’s a strong correlation between the demand & supply of talent and the willingness of organizations or the employee to invest in knowledge and capability building.
The bottom line however, is that irrespective of what hat one wears i.e an employee or an organization, to survive, compete and to be on top, one must invest in capability building
* Photograph:Red hills, Ooty, India. Camera- Cannon 350-D -EF-S- 18-55