In today’s globalized world, India stands at a very critical juncture. On one side, it has the biggest advantage of having nearly half of its population below the age of 30 and on the other hand it has the challenge of providing meaningful employment to the youth and upgrading their skills to meet the global requirements of quality and standards. There is no doubt that the most critical factor is definitely going to be the speed with which we can create employment and employability to meet the aspirations of youth including those already employed. Deliberating on the role of HR in that context, the Employers’ Federation of India held its flagship Annual Event “EFI National Human Resources Management (HRM) Summit, 2014 and Council of Indian Employers (CIE) 34th Employee Relations Conference on October 9-10, 2014 at Hotel ITC Grand Central, Mumbai.
A two-day event, the summit focused on the central theme of “Creating a competitive and caring workforce ecosystem for Unstoppable India”. The summit looked to answer the question of creation of employment and employability to meet the rising aspirations of youth, along with ensuring increased productivity in the manufacturing sector and excellence in services sector. In the opening session, ‘Naval Tata Institute for Training in Industrial Relations’ was jointly inaugurated by Mr R Mukundan, President, EFI & Managing Director, Tata Chemicals (TCL); Dr Ajoy Kumar, CEO, Max Neeman International, New Delhi; Ms Tine Staermose, Director, ILO, DWT, India and Mr Rajeev Dubey, immediate past president, EFI & President (Group HR & Aftermarket) & member of group executive board, Mahindra & Mahindra along with the release of training calendar of the institute. This was followed by curtain raiser for EFI awards for excellence in Employee Relations 2015.
Speaking at the event, R Mukundan, Managing Director, Tata Chemicals & President, EFI, stated, “India is a young nation, where the growing human capital can result in the fruition of ‘Unstoppable India’. Thus, it is extremely imperative for organizations to provide their employees with the requisite caring ecosystem, where each employee feels safe and supported. This will result in equitable contribution from their end, which in turn will increase employee and organizational productivity.”
The summit also looked at some of the good practices being followed in leading Indian companies and how the same can percolate down to all organizations. The conference also discussed holistic growth and looked at good practices from China and Japan. The social partners i.e. the employers, trade unions and the government present at the summit talked about ensuring growth with stability and finding answers to engagement of workforce in the current ecosystem.