Corona impact on Telecom industry and Job market

Corona impact on Telecom industry and Job market

The Coronavirus (COVID-19) outbreak is causing well-known concern and economic hardship across the globe. World is changing quickly with this impact.

I would rather call this a transformation time than calling it as drowning stage.

COVID-19 transformation will be considered as one of the biggest industry transformation for millennials whereas partnered by Gen X, Gen Z will be part of transformed industry world.

India have suppressed the curve comparatively despite being high in population with high densities in major cities. On safer side, Businesses need to plan their repel considering ‘W’ Curve possibility (re-occurrence)

After Corona, There is high possibility on discretionary spending. This will boost/give birth of few industries & companies like –

1.       Health & Safety - insurance, Pharmaceutical, Medical centers/Hospitals

2.       Digital education - online/app based education

3.       Home entertainment - web based/app based apps of entertainment like Netflix, Amazon Prime etc.

4.       Home fitness – YouTube channels, fitness apps

Most of the above mentioned industries are evolved to operate via digital mode only. Many of Health & safety companies are also providing customer service interactions via digital mode.

Data injection to these companies are done by network service providers which is nothing but TELECOM companies. Emerging digital centric Telecom companies which are can even provide digital solutions to the business hurdles of these companies will get benefited more than pure Telecom Company

Impact on Jobs

As per CMIE (Centre for Monitoring Indian Economy) published in Economic times on May13th, 2020: 27 million youth in age of 20-30 has lost jobs in April 2020.

As per new government announcement – 20 Lac crores package to encourage MSME’s.

In my opinion, job market would take a new shape in India – As it would be difficult but situation would not be impossible till the time youth are ready to take up challenges in joining startups.

I would rather suggest youth to be an entrepreneur if one is confident on one’s business model and strong enough to face the hurdles to set that right to raise

8 suggestions to youth for adoption to stand unique in any condition: (despite oneself employed or to be employed) which is in my brain sight at this point

1.       One should be ready for Change

2.       Pull all the levers to set the situation right at the time of crisis

3.       Acknowledge the crisis (be It any) and get ready for response plan

4.       Speed of action is very critical, Iterate quickly to innovate it with a concrete plan

5.       Think and take steps to deliver on any condition to fulfill customer priorities around maintenance with confidence

6.       Review policies and recapitulate in line with current situation which should protect customer (can be our own employee) and commercial interests both

7.       Mind Safety – Safety has to be the priority for good self/employees/customers working for us and cybersafe even in  operating remotely is equally important to become sustainable

8.       Revisit previous execution plans and restate if required

 

 

-Siva

AoC Vs Exp. (Age on Corporate Vs Experience)

AoC Vs Exp. (Age on Corporate Vs Experience)

 

Experience is defined as knowledge or skill in a particular job or activity that you have gained because you have done that job or activity for a long time

We often hear word Experience in corporate world while hiring or even when we about to perform a job which has complexities

Candidate also take a glance over an interviewer profile before going for a discussion to understand other party Experience

Many of the times we also observe, every second person try to boost himself by mentioning no. of years of experience that one has in the corporate. Which is what in my opinion Age on Corporate and not Experience all the times

Most of us start rating up a person taking Age on Corporate number into consideration rather we have to count/rate on Experience

 

For Example,

Mr/Ms X has an experience in recruitment with a rate of hiring 500 per year and for 3 years

Mr/Ms Y has an experience in recruitment with a rate of hiring 200 per month and for 1 year

 

For all the obvious reasons like volume and energy - Mr/Ms Y is more experienced than Mr/Ms X to me

 

Organizations are still counting experience and would even count in future but of course not Age on Corporate

 

 

 

-Siva