How is the rapid digital transformation changing the scenario for talent in the industry? What technologies do students need to be ready for Industry 4.0?
Over the past decade, the automotive industry has embraced new technologies to create organized experiences that improve customer satisfaction. The pandemic has accelerated digital adoption and increased mobile penetration in the most remote areas. As businesses make a significant transition to digitalization, the industry is welcoming talent to deploy artificial intelligence (AI), machine learning, and the Internet of Things (IoT). Therefore, the potential manufacturing workforce needs to improve their digital skills and cognitive ability to adapt to these areas.
The disruption caused by COVID has been far-reaching. What are the new skill sets that are in high demand by the future workforce?
The COVID-19 pandemic has accelerated workplace transformation due to changing market conditions and changing business models. It has also accelerated the push to adapt to digitization, automation and a virtual workspace. We are convinced that the digital switchover will generate new growth opportunities in the automotive industry. In terms of overall qualities, companies will seek to hire candidates who demonstrate mental agility to adapt to innovation, learn quickly, and have strong social and interpersonal skills. Last but not least, one of the critical business requirements will be the development of emotional intelligence (EI) across the workforce.
Do educational institutions need to recalibrate to meet the demands of the new age in employment?
Educational institutions are moving towards a research-based agenda and actively partnering with industry to address the growing skills gap. This activity aims to help aspirants keep up with technological developments, changing landscapes and unprecedented digital transformation. Organizations can also support the future workforce by improving the quality of vocational training in industry and increasing the relevance of current skills development programs. Harmonization of curriculum and training programs will be key to creating a meaningful skills ecosystem.
How has the learning approach changed with the skills development scenario?
The pandemic has seen the business world change rapidly with changing business models, faster adaptation to technology, and a new place for the development of new skills to build a workforce ready for the future. TVS Motor Company’s Quality and Leadership Institute (IQL) continuously assesses the skills required for the workforce and accordingly designs relevant and engaging virtual training sessions by experts for essential professional development and continued. The company has also created a learning culture by integrating academic partners who provide training, a core competency framework and functional skills.
Are you ready for the future of work and the future of hiring?
A global survey of human capital trends indicates that one of the critical impact areas for HR is the integration of automation into the workflow. For us, investing in digital technology has helped us create a highly connected work environment where employees enjoy mobility and secure access to the right tools to perform their duties with the greatest speed and ease.
R AnandaKrishnan is Executive Vice President – Human Resources and Information Technology at TVS Motor Company