Employment – Role in development of the human resource

Employment has a very major and a very critical role to play in the development of the human resource in a planned manner. This further leads to the development of an individual and then to the society and then a state and finally a s a country as and when taken the project as a whole and also on a global level. First of all it is very necessary and also very critical to under stand the meaning of the word employment in the beginning it self as it would help in under standing the article further in a very phased and a good and an explanatory manner. The word employment can be defined as the relation ship between the two parties, usually based on a contract where work is paid for, where one party, which may be a corporation or a profit or a non profit organization or a co – operative or any other type of the entity acts as the employer and the other party who works and receives money for the work done is referred to as the employee. Employees in return of the work put in by them, do for the payments which may in the form of the hourly wages or the weakly wages or monthly in the nature. In some organizations etc, the employees can receive gratuities, bonus payments or the stock options. In some of the companies, the employees may receive the benefits in the addition to the payments. Benefits can include the health insurance, the housing, the disability insurance or also in some of the cases the use of the gym. Employment is typically governed by the help of the employment laws or the regulations or the legal contracts.

An important objective of the developmental planning of the state of the Punjab has been to provide the increasing employment opportunities not only to meet the back log of the unemployed but also the new entrants of the labour force. The generation of the additional opportunities of the employment in the private sector by the help of the promotion of the investment and improving the marketable, vocational skills with the use of the information technology are the major thrust areas which have always been and still are on the top agenda of the government. For this purpose the department of the employment generation and the training has a number of the projects in hand regarding the development of the skill of the youth in the state of the Punjab so as to enhance their employability. The total employment in the organized sector in the Punjab, both in the public and the private sectors, during the year of the 2013, is 872970, out of which the 58.02 percent is in the public sector and the remaining 41.98 percent is in the private sector. The rate and also the magnitude of the unemployment in the state continue to be a cause of the serious concern. The number of the individuals who are seeking for the jobs, both the educated and the non – educated on the live registers of the employment exchanges during the tear of the 2011 was 3.62 lakhs, out of which the 2.53 lakhs were educated unemployed. Out of the educated seekers of the jobs, 77.23 percent were non technical whereas 22.77 percent were found to be having technical qualifications. These unemployment figures do not accurately measure the unemployment situation in the Punjab as these pertain to only those unemployed persons who register themselves with the employment exchanges in search of the assistance in finding the gain gull employment.

According to the 68th round of the national sample survey which was conducted by the central statistical organization, the ministry of the statistics and the programme implementation, government of the India during the year 2011-2012, the rate of the unemployment per thousand is 24 in the state of the Punjab as compared to the 23 in whole of the India. It works out to be almost 68 percent more as compared to the whole of the nation of the India. For this purpose, the state of the Punjab had made a large no of the announcements in the budget of the Punjab 2015 – 2016. These announcements included the allocation of Rs 7.45 crore for the centres for the training and the employment of the Punjab youth and also involved the allocation of Rs 3 crore for the maharaja ranjit Singh armed forces services preparatory institute at ajitgarh. Also an amount of Rs 1 crore was allocated for the mai bhago armed forces services preparatory institution for the girls at the mohali. A large number of other steps are being taken by the government of India in this regard which involve all the efforts to enhance the employability of the youth by imparting the job specific vocational skills. Man power survey of the unemployed has been completed in the 22 districts of the state of the Punjab. The future of the Punjab and also of the country lies in the hands of the youth as specially in the case for the state of the Punjab, this is very important as if the state of the Punjab grows only then the nation of the India can grow as the state of the Punjab makes up all most a large chunk of the total population of the nation of the India and it self in the state of the Punjab, the youth account to about the 30 percent of the total population of the Punjab. The development of the skills of the youth in the state and then as a whole in the India is and should be one of the highest priorities of the state government and also of the central government. The department of the technical education and the industrial training will be renamed as the department of the technical education and the skill development and in the same way, the board of the technical education and the industrial training would be renamed as the board of the technical education and the skill development in order to ensure the necessary focus and the coordination of the various skill development schemes and the initiatives in the state. In order to enhance the employability of the youth, the government of the state is committed to empower them with the help of the right skills in the tune with the requirements of the industry. Keeping this view of the concern in the mind all the times and also remembering that with the significant presence of the MSME Sector, the state will be a crucial partner in the make in India campaign.

There can always be a tough time with the employer or the worker or between both of them. Like recently a new low came up at the Infosys as Mr Narayana Murthy attacks the back fire. Mr Vishal Sikka’s resignation as the infosys CEO brings to the fore the ugliness at the infosys and the deterioration in the India’s troubled information technology sector. Amidst the reports of the mass lay offs, the India faces lower job creation in the technology sector and a steep fall in the export revenue. Factors that are pulling down the information technology sector, which once made every Indian proud, include the threat of the automation, the brexit, the United Kingdom’s increased visa costs and the United States of America’s president Trump’s buy American and hire American, response to the globalisation. The enveloping crisis should have prompted a collective industry government effort to face the challenge. Instead, the country’s top technology man, Mr N R Narayana Murthy is embroiled in the nasty bickering over the way infosys, the company he founded should be run. It is apparently difficult for former CEOs to enjoy their days of the retirement. The loss of the power is very hard to accept. Earlier the country witnessed a public row between Mr Rattan Tata and Mr Cyrus Mistry, which the tata group bruised. Now narayana murthy is injuring not just his own reputation but also that of the company infosys. The founders have completely failed to appreciate that their days of the running the company are over and also there is a new board and also a new CEO at the helm who may not like any one breathing down his neck on a day to day basis. As the share holders holding a 12.75 per cent stake in the company, the founders are entitled to point out the wrongs in the governance. But the share holder activism is one thing, running down the CEO and letting loose, as Mr Vishal Sikka puts it, a continuous drum beat of the distractions is the another. The market verdict is that under Mr Sikka, the company of the infosys has performed better than its rival TCS. The day the wrangling surfaced the company share tanked 10 percent. The Infosys board tried damage control with a Rs 13000 crore share buy back. But the cheer may not spread as the reports indicate the board is faced with the investigations over the unlawful business practices, including a securities fraud in the United States of the America. What ever Mr Narayana Murthy’s justification for his unwarranted interference, the company share holders have suffered a huge destruction of the wealth.