HR symposium stresses on the need to let employees experiment

India, October, 2007: “The National HR – Symposium”a first of its kind was held to discuss the HR needs in the light of India’s emergence as an economic powerhouse in the new millennium is scripted largely by its globally-acknowledged human resources. As the nation prepares for double-digit GDP growth in the 11th Plan period (2007-12), the spotlight is on the role of human resources in driving India’s growth and global competitiveness.

The immense need for the symposium, where HR takes complete responsibility of creating the 2020 vision. The symposium talks in details the causes and reasons behind the big ‘brain drain’. This symposium was also aimed to prevent people from job hopping and in concentrating on employment empowerment. Minister of Human Resource Development Dagubati Purandeshwari who was the chief guest of the function quoted an example that in certain countries, once a person is removed from his/her job, government takes measures in training those individuals wherein they stand a fairer chance in getting a job & equipped for holding & performing to a better capacity.

She also said “In the emerging scenario of globalization and liberalization, the concept of work force seems to have undergone a radical transformation. In to-day’s development parlance work force is conceptualized as human resources which play a vital role in economic development and growth. Human capital as an economic concept considers people as capital assets yielding a stream of economic returns and the investment in human capital is therefore sought to be justified in economic terms and on economic considerations.”

The symposium at length dealt with the point of investment analysis. Human capital refers to all expenditures incurred on human beings such as knowledge, skills, and resourcefulness; will to respond to opportunities, work motivation discipline, physical ability, health, nutrition and capacity for hard work. Such investments result in the accumulation of human capital and accumulation of human capital constitutes the true capital of an organization opening up new vistas for invention, evolving of more productive methods and technological transformation of society. The benefits thereof can be made available to society through technical training programmes and extension services. Thus, the transmission of accumulated knowledge enriches the human resources in a country comprising both physical capital and human capital.

One of the speakers at the symposium Noel De Cruz said “It is the responsibility of each corporate to join hands with schools & colleges and ensure proper training to create the talented work force for the development of an organization and hence contribute towards the economic development of the nation.”

The HRD minister also said, “Productivity is a ratio of output to the input of a factor of production. Generally labour productivity which is an index of increasing efficiency in the utilization of resources arrests inflationary tendency in economy. It reduces cost per unit of output, decreases overhead costs, lowers the prices, increases wages in proportion to productivity and enhances the reserve funds for expansion, up-gradation and modernization.”

Besides the projection of numbers and figures about human capital speakers like Anish Wig spoke on the need let employees exhibit their talent and about providing an opportunity to experiment in their work but with certain guidelines. He quoted Kalam’s example about the Bumble bee which scientifically speaking doesn’t have a body structure which should enable it to fly. However it flies on its own will. Same applies at work scenarios if the team members are encouraged on experimentation with boundaries they are sure to perform better and contribute in a better for the company.

One of the most interesting topics at the symposium was Demographic Dividends: myth or a reality, speaker Shrenik rao, said, “In the recent past, the debate about the relation between population change and economic growth has taken an added importance, especially in the developing world. Experts have been debating about this issue and there are a multitude of interesting perspectives that one can gather. But broadly speaking, there are two schools of thought.”

He also pointed out that on the one hand there are those- the ‘population pessimists’- who argued that high fertility and raid population growth will inhibit economic progress. And this was primarily the though process that had provided the rational for funding the family planning programmes in India in the 60’s and seventies. And on the other hand, are those- the ‘population optimists’- who argue that demography provides a window of opportunity to increase output per capita. Their argument is based on the fundamental premise that a large population size promotes economic growth by furnishing abundant human and intellectual capital and also by increasing the market size.

Demographic dividends can be reaped by everyone in an equitable manner only if a good deli very system can be ensured by effective governance and proper planning.

It was not long ago that the French Noble laureate Romain Rolland said, “if there is one pleace on the face of the earth where all the dreams of living men have found a home from the earliest days when man began the dream of existence, it is India”

Let’s work towards it together.

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The National HR – Symposium”a first of its kind was held to discuss the HR needs in the light of India’s emergence as an economic powerhouse in the new millennium is scripted largely by its globally-acknowledged human resources. As the nation prepares for double-digit GDP growth in the 11th Plan period (2007-12), the spotlight is on the role of human resources in driving India’s growth and global competitiveness.

This release was published on openPR.