CHENNAI: The Tamil Nadu Semiconductor and Advanced Electronics Policy 2024 released by Chief Minister MK Stalin on Monday aims at contributing 40% of India s electronics exports by 2030 and creating a skilled talent pool of two lakh people in this sector by 2030.

Tech companies reportedly fired over 220,000 employees in 2023. It was a jump of 40% from the previous year. And a record too. But take this contrast. Demand for tech talent still outstrips supply. So why is it so Does India IT have a talent management problem or there is more to it than meets the eye

Tamil Nadu is one of the most industrialised states, with an evolved industrialised culture, investor friendly government, rich and diverse talent pool and inherent strengths that are conducive for innovation. TAFE is keen to leverage the vibrant ecosystem of Tamil Nadu and work closely with the state government as it invests in new growth opportunities, said TAFE s chairman and managing director, Mallika Srinivasan.

State Minister TRB Rajaa shone a spotlight on Tamil Nadu s commendable skilling ecosystem, surpassing national benchmarks by contributing a formidable 43 per cent of the country s female workforce.

Our greatest asset isn’t the machinery nor equipment, but our people. Our people are the beating pulse of this Company, and their growth is our greatest investment, as stated by Alba s CEO Ali Al Baqali during the ceremony which was held today 07 January 2024 at Alba s Oasis Hall to recognise the employees who have successfully completed their planned development programmes in 2023.In 2023, the Company s training and development initiatives empowered more than 660 employees to propel their careers forward.

The company claims to offer digital skilling programmes for professionals, allowing learners to upskill and receive certifications in rapidly growing digital domains. Collaborating with industry giants like IBM, Microsoft, AWS, Google, and educational institutions such as Caltech CTME, MIT Schwarzman College of Computing, UMass Amherst, Isenberg School of Management, Purdue University, Wharton Online, IIT Roorkee and IIT Kanpur, the release mentioned.

Chipping in with talent The Semicon India Future Skills Talent Committee tasked with finding a way to make India a hub for the manufacture of semiconductors stated that the country needs 1.2 million skilled workers in the semiconductor industry by 2032.

In a recent development in the human resources industry, Reetu Raina, vice president and global head of talent management at Amdocs has stepped down from her position, effective 5 January 2024. Raina joined the organisation in June 2022 to head the talent management function globally from India. She has previously served at Amdocs from August 2012 to March 2018, before she rejoined in 2022.

TN has talent pool to be semiconductor hub The book Chip War, released in 2022, has emerged as the most incisive take on the global semiconductor industry. It discusses how no one country has been able to dominate semiconductor manufacturing but highlights India s potential role in the sector. Specifically, Tamil Nadu stands out with its increasing device manufacturing ecosystem and chip design talent pool.

The conference poised to take place at The Lalit, New Delhi on 10 January, marks the final chapter in the ITTL series, centered around the theme Navigating the Tech Talent Evolution: Mastering Adaptation and Innovation Following the tremendous success of the India Tech Talent League (ITTL) in Hyderabad, Pune and Bangalore, the upcoming conference is poised to take place at The Lalit, New Delhi on 10 January 2024.

Microsoft has declared the launch of an ambitious initiative, AI Odyssey, that targets to educate 100,000 developers across India in the latest AI tools and technologies. The program is designed to offer a comprehensive learning journey, enabling developers to acquire and demonstrate the crucial skills required to implement significant projects using AI technologies that align with business objectives.

Young talents seeking opportunities abroad (e.g., to Singapore and the Middle East); Setback in education by two years due to the pandemic impacts and the accelerated career options fueled by technology; Constant lookout for new positions by the same pool of younger workers to satisfy their needs for flexibility, control over their own destiny and scalability of earning through their own efforts and finding work that provide a sense of purpose.

GoMechanic, in an initiative aimed at advancing automotive skill development, has entered into a Memorandum of Understanding (MOU) with the International Automobile Centre of Excellence (iACE). iACE, is a joint initiative of the Government of Gujarat and Maruti Suzuki India Limited and is the country s first of its kind center for automobile training with state-of-the-art infrastructure and technical labs.

Srinivasan joined the company in July 2022 as the Talent & Organisation Leader and was eventually promoted to the position of Head of Talent Management for Intercontinental Region GE Healthcare elevates Nisha Srinivasan to chief human resources officer (CHRO), India & South Asia, effective January 2024.

The chartbuster in 2021 and subsequent years, the cryptocurrency market has been coping with the evolving regulatory landscape in India since last year. This has had a direct impact on the talent hunt conducted earlier, resulting in a major drop in demand.

Suggesting the future strategy for growth, he suggested the industry to work in the three areas skilling to meet the industry demand; ensuring farmers safety; and producing good quality food The show is the largest food and beverages show in South Asia, TPCI said in a statement

Importance of background verification for HR users to ensure a safe and reliable workforce? Impact of expediting the hiring process to secure right talent quickly and minimise operational disruptions

Tamil Nadu has trained more than 27,000 youth in factory skill schools set up by the state government, said the managing director of TN Skill Development Corporation, Innocent Divya. Speaking at a session Skilling for the future at GIM on Sunday, Innocent Divya said 151 factories have partnered with factory skill schools to upskill their lower-level workforce. Apart from youth, about 50,000 factory workers were also trained, she said.