The Indian HR Conclave 2006 by DMS, IIT Delhi Concludes

The Indian HR Conclave 2006 by DMS, IIT Delhi Concludes
HR Rostrum: "New Generation at Work: 'Y' Should You Care"
Post-event Press-release

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The next session were the technical sessions which were chaired by Dr. Kanika T. Bhal of DMS-IIT Delhi, the panelists being Mr. Rajeev Dubey (VP HR, M&M), Mr. Rohit Basin (HR, PwC), Mr. Ashok K. Raut (COO, BSE) and Prof. Harish Chaudhary of DMS-IIT Delhi.

Mr. Rajeev Dubey started the session providing insights about M&M management practices to tap the potential of Gen ‘Y’. He also briefed about the concept of shadow boards wherein employees below 35 years of age are given responsibilities to steer the strategies and policies. He also mentioned about the practice of reverse mentoring.

Mr. Rohit Basin, Executive Director - PWC, gave insights into what makes this generation different. He was of the opinion that this generation is not averse to frequent to the job hopping and has quest for instant recognition. The major issues with this generation according to him are very little sense of belonging, unrealistic expectations, shortcuts to success, easily Influenced and lack of business etiquette.

Mr. Ashok K. Raut (COO - BSE) took the stage next and gave his perspective on the traits of the new generation. He pointed out that the generation ‘Y’ are powerful programmable engines of intelligence with a fantastic focus on the ‘bigger picture’. They seem to be good at plucking ‘low hanging fruits’ and handle office politics better. To leverage this, he recommended that the generation ‘Y’ should be empowered and should be given the potential to grow, the space to explore and be adventurous.

The last session was chaired by Mr. T. C. Venkatsubbramaniam, the MD of EXIM Bank, who spoke at length about how like the corporate, the youth of the nation also has some responsibility towards the society. The youth being independent and challenge-loving, needed to stop giving into peer pressure and be influenced by such supposed arbiters of success as CTC. They should be willing to serve the rural population by working among them.

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Contributed by -
Madhur Arora,
Dept. of Management Studies,
IIT Delhi.

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