The
story is not only confined to IT and real estate; almost every sector of economy is feeling the pinch. T. Krishna Rao, Deputy General Manager of Hyderabad based Soma Enterprises says, “Infrastructure companies are growing at stupendous rate of 30-50%. We feel handicapped due to the lack of right people.” Soma Enterprises urgently needs more than hundred people for the execution of four Delhi Metro Stations and six highway projects. According to the hospitality consultancy HVS International report, May 2007, in top 10 cities, 53,000 hotel rooms are likely to come up in the next five years. Industry will require 94,000 more employees in coming 5 years. However, attrition rate is as high as 30% and many professionals in the industry are being lured by BPOs and retail sector. Former president of PHDCCI, Ravi Vig told B&E, “We have huge number of degree holders, but most of them cannot be employed as we demand critical skills.” Like IT, the pharmacy industry too is registering impressive results. However, the scenario is not altogether different in this sector. There is critical shortage of skilled manpower at every level, starting from the basic research, incubation, development, manufacturing and drug-testing.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
IIPM going global
On "IIPM - Arindam Chaudhuri - Planman"
IIPM Alliances
IIPM RANKED AHEAD OF FIVE OF THE IIMS
The Business of B-School Rankings & The Big Farce
IIPM ABOUT :- IIPM KNOWLEDGE CENTER
Topic: India – China: A Growth Comparison
IIPM Infrastructure : Campus
HRIC :- Human Resource Intelligence Cell
story is not only confined to IT and real estate; almost every sector of economy is feeling the pinch. T. Krishna Rao, Deputy General Manager of Hyderabad based Soma Enterprises says, “Infrastructure companies are growing at stupendous rate of 30-50%. We feel handicapped due to the lack of right people.” Soma Enterprises urgently needs more than hundred people for the execution of four Delhi Metro Stations and six highway projects. According to the hospitality consultancy HVS International report, May 2007, in top 10 cities, 53,000 hotel rooms are likely to come up in the next five years. Industry will require 94,000 more employees in coming 5 years. However, attrition rate is as high as 30% and many professionals in the industry are being lured by BPOs and retail sector. Former president of PHDCCI, Ravi Vig told B&E, “We have huge number of degree holders, but most of them cannot be employed as we demand critical skills.” Like IT, the pharmacy industry too is registering impressive results. However, the scenario is not altogether different in this sector. There is critical shortage of skilled manpower at every level, starting from the basic research, incubation, development, manufacturing and drug-testing.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
IIPM going global
On "IIPM - Arindam Chaudhuri - Planman"
IIPM Alliances
IIPM RANKED AHEAD OF FIVE OF THE IIMS
The Business of B-School Rankings & The Big Farce
IIPM ABOUT :- IIPM KNOWLEDGE CENTER
Topic: India – China: A Growth Comparison
IIPM Infrastructure : Campus
HRIC :- Human Resource Intelligence Cell
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