Bhubaneswar, August 24 (LocalWire): The talk about disappearing jobs is a myth as more opportunities are on the anvil due to rapidly advancing technologies, HR professionals of a leading brand said on Saturday.
The experts also pointed out that the question of employability persists due to a need for skill revolution.
“Everything is driven by technology today and it would be incorrect to assume that employability was getting reduced because of innovation.
It’s the skill you have acquired that decides whether you can be employed,” HMD Global director of HR Gourav Saini said.
The senior official of the Finnish company that makes Nokia phones was addressing the two-day second HR Conclave that began at the SOA Deemed University here.
The conclave, which is being jointly organised by the SOA and the Global Work Force Management (GWFM), was attended by industry experts and academic leaders.
GWFM is a not-for-profit professional organisation with the mandate to share best practices and strategies to address challenges faced by the industry.
Saini, who was delivering the strategic keynote address, said that students graduating from an engineering college should realise that the B Tech degree may provide them with the eligibility for a job but they must possess the requisite skill to qualify for the position.
“There is a distinct difference between eligibility and skill,” he told the students attending the conference, adding that skill shortage is a reality and learnability will define the future of students.
Samsung Electronics director of HR Sandeep Tyagi said that it was estimated that 75 million current jobs would disappear by 2022 but 133 million technology-driven new jobs would be generated for which skilled personnel would be needed.
“We are in the age of Artificial Intelligence, Internet of Things, machine learning, deep learning, and robotics,” he said, adding that more than 60% of stock market trading today was done using algorithms that are programmed through Artificial Intelligence.
“Robots are also poised to take up a lot of jobs and some restaurants have already started using them,” he said while delivering his lecture on the future of work.
Inaugurating the conclave, SOA vice-chancellor Prof Amit Banerjee said that the concept of HR had undergone a paradigm shift requiring improved training of employees to keep pace with technology transformation.
“Technology had opened up new vistas and the bottom line is that if you don’t have the skill, you’ll face difficulty,” he said.