Calls for MSMEs-centred HR model in 4th Industrial Revolution
Nalco CMD Dr Tapan Kumar Chand was conferred with the NIPM Ratna Award at the 37th NIPM Annual National Conference (NATCON-2018) held in Pune on Friday in recognition of his contributions to People Management & Strategic Leadership. He dedicated the award to HR professionals in the country and the Team Nalco.
Sharing his thoughts, Dr Chand said, “We are now in the threshold of 4th industrial revolution.
The 1st Industrial revolution marked the shift from muscle power to steam power while the 2nd revolution occurred with application of electricity and mass production. With the 3rd revolution, it gave further wings to human efforts with implementation of IT and automation.
Now with the emerging 4th industrial revolution, artificial intelligence, internet of things, robotics, augmented reality, etc., would be the trendsetters.”
“However, the challenges are far more daunting in a populous country like India with 1.3 billion populations and more so when the country is emerging as the youngest nation in the world with 64% of its population in the working age group.
As the employment opportunities shrink in large and medium industry, focus of HR need to be on MSMEs and the new HR model should enable mother plant to remain globally competitive while promoting employment ecosystem through MSMEs and employability eco system to bridge the skill gap in the country” added Dr Chand.
The NIPM (National Institute of Personnel Management is the highest body of HR professionals in the country.