Hyderabad, July 27 (NSS): The HR Committee of the Federation of Telangana Chambers of Commerce and Industry (FTCCI) on Saturday organised a full-day HR Conclave at Federation House in Red Hills in the city.
The conference with the theme ‘Work, Employment and Industrial Relations’ was inaugurated by the Chief Guest Chandrasekharam, Joint Commissioner of Labour, and Guest of Honour Rajesh Khosla, CEO, AGI, Greenpac.
Addressing the gathering, Chandrasekharam said things are changing, technology is changing, so also the HR Laws to keep pace with the developments. The labour departments across the country are gearing up for the implementation of new Labour Codes in India. The four new labour codes proposed are the Code on Social Security 2020, Occupational Safety, Health and Working Conditions Code 2020, Industrial Relations Code 2020, and Code on Wages 2019. These were proposed with a motto of ease of doing business. The Union government consolidated 29 Central labour laws (out of 44 existing central laws) into four labour codes, he said.
Delivering the keynote address, the guest of honour Rajesh Khosla said India is the youngest nation in the world. The mean age of India is 28 years, China 38, USA 40, Europe 45 and Japan 50. This means 70 to 80 crore population of the 140-crore population of our country is in the pipeline of employment. It is a big challenge for HR (Human Resources) to engage these youth.
The global economy is 93 trillion US $. China’s economy is 18 trillion, which constitutes 20 to 22% of the global economy. All the countries across the globe are eyeing to buy products from India as a manufacturing base is shifting to India.
Speaking of HR challenges, Rajesh Khosla said manufacturing is shifting to India. HR needs to prepare the workforce for the same as well. The Western population is getting old and Indians are young. The Indian young population has a Western outlook. We must make employment interesting and attractive to them. Otherwise, the cream of the talent will go to the west for greener pastures.
China, after losing many companies’ manufacturing bases, is pumping a lot of money into India to create industrial unrest. It may be a politically sensitive matter, but it is the ground reality…
“The African continent can throw a big challenge to India in future. It is a younger continent than India and more laborious than us. They are rich in minerals. The only drawback they have is the ecosystem. This can pose the biggest threat to the Indian economy. The resources required in a business constitute four Ms: Manpower, Money, Material and Method. Managing these four Ms efficiently can give you a competitive advantage, Rajesh Khosla told the HR Professionals.
Meela Sanjay, Chairperson of the HR committee of FTCCI said the labour codes have received the approval of both houses of the parliament as well as President’s assent. The full-day conclave had technical sessions such as Industrial Relations Code and Occupational Safety, Health and Working Conditions Code by Niranjan Rao; Salient features of EPF Act by J. Srinivas, Asst P.F Commissioner; Code on Wages and Code on Social Security by S.V. Ramachandra Rao, Managing Director, HR Chambers; Highlights of New Indian Criminal Laws 2024 by G.V. Subramanyam, Chairman (Retd.), Industrial Tribunal 1, Hyderabad and HR Technology – AI Impact and HR Analytics by K.J.A. Swarup, General Manager, HR (retd), ITC Ltd.
Ravi Kumar, Senior Vice President, said HR must be the first department in any business set-up and should be accorded due credit because it manages people. It is the people who make or mar any organization, he added.
