Skills

Skills

Some Thoughts about Talent

21st Century is all about knowledge and skill

Complexity and interconnectedness are increasing, however, there is quick obsolescence – product and technology life cycles are shrinking dramatically. In the current scenario specific skills have a very low “shelf life”. There has been tremendous change in both functional and domain specific knowledge.

Tools to accomplish functional tasks are being overhauled and changed very very rapidly and an individual will to need to refresh her/himself at least two to three times during her/his tenure in a particular role. Therefore, apart from specific task based skills, ability to execute requires ability to learn as a key attitudinal requirement.

This blog will explore how to create a marketable package of skills, identify emerging areas and anticipate obsolescence.

Glossary

Industry; Function; Discipline   

Given below are some examples to illustrate our use of the terms. Please note that these are not exhaustive lists and terminology may vary based on context.
Industry is classified into broad groups: Here is a usually accepted classification used by the Bombay Stock Exchange


Industry Classification
Automobile
Banking
Capital Goods
Consumer Durables
FMCG
Healthcare
IT
Mining & Metals
Oil & Gas
Power
Realty
Telecom


Functions listed here are based on commonly used terminology.
 
Some usually accepted functional group
Finance & Accounts   
Legal & Secretarial
SCM
Production / Manufacturing
Sales & Marketing
HR
IT
Design / Engineering



Discipline is the academic area of study. The list below is very broad. Usually people refer to the branch of the discipline instead of the discipline itself. e.g. Mechanical Engineering.

Here are some broad disciplines
Engineering
Accounting
Management
Economics
Science
Humanities
Languages
Information Technology

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