Will Reliance manage to find enough skilled workers?
Reliance Energy, India's second-largest utility, plans to hire more engineers and managers to execute projects worth $3.65 billion as the country faces a shortage of trained labor.
Reliance Energy, owned by billionaire Anil Ambani, may hire about 3,000 engineers and an undisclosed number of managers to work on construction sites, in power plants, rail networks and airports, director Lalit Jalan said in Singapore.
Mumbai-based Reliance Energy will spend $2.5 billion on roads, offices and rail projects, $650 million on transmission lines and $500 million on power distribution, Jalan said.
India's 11th five-year plan, which started April 1 last year, has forecast an increase in the country's labor force by 45 million, compared with 58 million jobs that will be created in the period, the finance ministry said last month.
“We plan to increase our hiring of engineers and senior level managers in the next 18 months,” Jalan said in a presentation. “There are very good returns to be made in India's power sector.”
Reliance Energy is scouring university campuses for candidates to fill entry-level engineering positions and may poach managers from other companies, Jalan said.
Only 10 percent of Indians ages 18 to 24 are enrolled in universities compared with 45 percent in developed countries, Prime Minister Manmohan Singh said in June.
To keep skilled employees, companies in India are boosting salaries at the fastest pace in Asia, Hewitt Associates said last month. Wages in India will rise an average 15.2 percent this year, the sixth successive annual increase of more than 10 percent, the U.S. human resources consultant said.
Reliance Energy employs about 100,000 people of whom nearly 30,000 are in its power distribution business, Jalan said.
Reliance is also in talks with companies including Siemens AG and General Electric to start a power generation equipment business in India, he said.
Will the shortage of skilled workers in India limit Reliance’s rate of growth?
Reliance Energy, owned by billionaire Anil Ambani, may hire about 3,000 engineers and an undisclosed number of managers to work on construction sites, in power plants, rail networks and airports, director Lalit Jalan said in Singapore.
Mumbai-based Reliance Energy will spend $2.5 billion on roads, offices and rail projects, $650 million on transmission lines and $500 million on power distribution, Jalan said.
India's 11th five-year plan, which started April 1 last year, has forecast an increase in the country's labor force by 45 million, compared with 58 million jobs that will be created in the period, the finance ministry said last month.
“We plan to increase our hiring of engineers and senior level managers in the next 18 months,” Jalan said in a presentation. “There are very good returns to be made in India's power sector.”
Reliance Energy is scouring university campuses for candidates to fill entry-level engineering positions and may poach managers from other companies, Jalan said.
Only 10 percent of Indians ages 18 to 24 are enrolled in universities compared with 45 percent in developed countries, Prime Minister Manmohan Singh said in June.
To keep skilled employees, companies in India are boosting salaries at the fastest pace in Asia, Hewitt Associates said last month. Wages in India will rise an average 15.2 percent this year, the sixth successive annual increase of more than 10 percent, the U.S. human resources consultant said.
Reliance Energy employs about 100,000 people of whom nearly 30,000 are in its power distribution business, Jalan said.
Reliance is also in talks with companies including Siemens AG and General Electric to start a power generation equipment business in India, he said.
Will the shortage of skilled workers in India limit Reliance’s rate of growth?
posted by Charltonmedia.com @ 8:06 PM
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