Digital Disruption and Talent Acquisition in India
Two stories in the Indian media show the changes that India is going through currently. One is digital disruption mainly through e-commerce and the second is this new digital economy needs people with the right skills and employers are looking to find and retain talent. Digital disruption and talent acquisition are slowly changing the economy and employment for a whole new generation of graduates.
Times of India reports that Expansion of India's e-commerce industry will trigger innovation in payments and delivery models as well as enable better use of technology such as wearables, drones and artificial intelligence, a study by Confederation of Indian Industry and Deloitte has said. In the report titled 'e-Commerce in India: A Game Changer for the Economy,' CII director general Chandrajit Banerjee said the e-commerce industry has been directly impacting micro, small and medium enterprises and has a favourable cascading effect on other industries. "It is helping connect small merchants with customers across India. Long-term impact of this on the economy would be increase in employment, growth in export revenue, better products and services to customers and increase in tax collection by exchequers," the report said.
Economic Times reports that Reliance Industries is rolling out a cocktail of initiatives to retain talent, allowing career rotation and vertical growth within the oil to telecom conglomerate. Under its Career Acceleration Program (CAP), the group will allow employees to chart their career growth by changing their business functions after a series of tests and interviews. The 'Step Up' programme will help an employee grow within the same function, with him getting some mentoring to gear up for the next level quickly. These are part of the group's efforts to strengthen the employee-employer relationship as it gears to launch the data-focused mobile telephony business this financial year. Reliance Industries, owned by India's richest man Mukesh Ambani, had made an attempt previously to build talent at a senior level. Around four years ago, it rolled out a programme for senior management, called Reliance Accelerated Leadership Program (RALP).