Q. Give us an insight into how the Layam Group business has evolved over the years and how have you aligned to the present-day employment landscape of the automotive manufacturing and services sector?
A. Conceived over two decades ago, the idea was to leverage my experience in setting up the Hyundai Motors, Chennai plant. My observation is that Human Resource (HR) is prioritised on a need-based use case scenario instead of looking at with a long term lens as the standardised need of any organisation. We studied the outlook on human capital employment. It clicked to us that there was a dire need to sensitise people about the importance of HR. For me, HR needs are underlined by the practice of sustaining honesty in a relationship with the human capital brought on board to join the respective team. It has to be looked upon as the most crucial asset for any business.
When we looked at the employment landscape across the country, we found more than three and a half lakh candidates entering the market. They were not job-ready when seen through the conventional lens. They included dropouts (technical and or general). I started to focus on these candidates at a time no one bothered to create an opportunity for them. I created a business model for clients in the engineering industry, for instance. Allaying fears of unskilled labour impacting quality at that point and time, the company shortlisted these so-called unfit candidates and streamlined them to perform as contract manpower. While giving back to society in my way, the industry also began to reap the benefits of this additional manpower that was erstwhile sidelined.
Q. A recent report from the CEDA estimates the job loss in the manufacturing sector at 31.7 per cent for FY2021. How do see the landscape changing in the near to medium term?
Bu hikaye Auto Components India dergisinin June 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Auto Components India dergisinin June 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
BUSWORLD SOUTHEAST ASIA: A PREVIEW
The third edition of Busworld Southeast Asia 2024 assures a blend of comfort, innovation, and sustainability this year,
INDIA RUBBER EXPO 2024: THE RUBBER INDUSTRY LANDSCAPE
In the fast paced metropolis of Mumbai, the towering skyscrapers and bustling streets made for a perfect backdrop to the India Rubber Expo 2024 (IRE 2024). Hosted by the All India Rubber Industries Association (AIRIA), this biennial spectacle aimed to reshape the rubber industry's landscape, both at home and abroad write Aditya Sharma and Upendra Kasbekar.
NO SILVER BULLET
In an upfront conversation, Akshay Kashyap, CEO and Managing Director of Greenfuel Energy Solutions Pvt. Ltd. shares his thoughts on the future transport fuel with Deepti Thore.
GREEN GAS SYSTEMS AND STORAGE
Greenfuel Energy tops the list for reliable clean gas systems and energy storage solutions. Deepti Thore highlights its market acceptance.
INDIA EVS COST LESS OVER LIFETIME BUT FACE UPTAKE HURDLES
The lifetime costs of electric vehicles in India are less than those of Internal Combustion Engine (ICE) models across most vehicle segments. This facilitates adoption, especially for low-speed two- and three-wheelers as per the findings of BloombergNEF’s latest report, writes Ashish Bhatia.
WIDE-BODY DUMP SERIES
Allison Transmission has developed the Wide-Body Dump series for Heavy-Duty off-road applications. Ashish Bhatia looks at the advanced attributes that will come into play.
AUTOMATED COMMAND STEERING FUNCTIONS
The Government of India wants a permanent agency to expedite the publication of standards and development of test facilities in parallel,
CHARGEQ EV ECOSYSTEM
ChargeQ is building the EV ecosystem with unique offerings for emergency charging and an emphasis on grid balancing,
NIPPON MASTERCRAFT FOR THE LUXURY SEGMENT
Nippon Paint India, the leading paint and coating company in the Asia Pacific has launched an aftermarket one-stop shop brand Mastercraft.
ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS
At the ATMA Annual Conclave, stakeholders of the tyre industry deliberated on greater sustainability and the adoption of emerging technologies to enhance productivity, writes Richa Tyagi.