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15/10/2020 - Indian Economy

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October 15, 2020

Human capital must, therefore, acquire multidisciplinary skill-sets for survival in the ongoing crisis. Explain (200 Words)

Refer - The Hindu

Enrich the answer from other sources, if the question demands.

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IAS Parliament 4 years

KEY POINTS

·         To attain cost-efficiencies in these Covid times, organisations are looking at multi-talented human capital to perform multiple roles

·         Now teachers working in higher educational institutions are trying to become “consultants”, “researchers”, “trainers”, “fund mobilisers”, and “marketers” to generate new sources of revenue along with a mandate of achieving national (NIRF) and international (QS-World) rankings. Also, they are playing a pivotal role in the digital transformation of teaching.

·         The teacher has become a “virtual teacher” by learning different technologies in the last six months. The learning curve of the teaching community to obtain multiple skill sets in the previous six months was a big surprise and truly commendable across schools and higher educational institutions.

·         Of course, they are taking a massive risk while hiring, as they might not able to assess personal attributes such as character, attitudes and behaviour accurately on virtual platforms. Covid-19 further extended HR managers’ role as counselors to manage employee stress-related issues and burnouts.

·         Similarly, Covid-19 redefined the entire marketing function. In the pre-Covid phase, marketing function used to handle sales, advertising, branding, and market research. Due to this ongoing pandemic the sales manager’s job profile is entirely overhauled.

·         Covid-19 is transforming management functions in a faster manner with the help of new available technologies. IITs and universities in the country offer courses across disciplines like engineering, technology, sciences, and humanities and socialsSciences.

·         It is the time to collaborate across disciplines and customise multidisciplinary courses to train human capital for the future needs of the business community.

 

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