Human Resource Management – HRM is the management of People Resources to maximize their performance keeping in view the overall strategy of the company.
It is a subject of study world over and given due importance in ALL middle to large companies – with specialists being hired for doing this role. Many companies outsource this function to HRM specialists as consultants.
But Start-Ups in India do not see this function as an essential part of their business. It’s like a Unicorn! Something which is needed only by large corporations.
In my interaction and working with Start Ups over the last 4 years these are the 5 absolute best reasons I have heard for “not catching the HRM Unicorn”:
I met the true meaning of “Kul ka Deepak” in person at Baridih – he is an amazing 23 yr old boy – who barely got 60% in his Matric exams – from Chandil (near Jamshedpur) and then saw an “end of the road” in his life with no money to support an education and not enough marks to get a scholarship…
BUT the Gods saw in him – a promise to build the lives of many many more like him (remember 78% of the entire Indian Population is defined as “Bottom of the Pyramid”)
And the Science in his SOUL won!It won the battle of marks and money – and got him to be an amazing “Grassroot Innovator”
Almost 80% of India resides in its villages and a very large portion of that very population is suffering from mass scale “under-employment” or “under-utilization”. Where men and women are doing the same amount of work which should have been done by 1/10th of their actual numbers. Ie…. 10 people are doing what should have been done by 1 person!
Right Skilling in the RURAL Segment is the need of the Hour…
We traditionally discuss agriculture in villages and agriculture products – so WHY don’t we ideate into some NEW segments?
The world around us speaks of youth and how the youth need to become self reliant and self dependent and the culmination of such discussions leads to skilled jobs or entrepreneurship. We at the Butterfly Project today are laying the seed for making “Elderly Entrepreneurs”. (https://www.facebook.com/TheButterflyProjectIndia)
Gender and Women – in the field of Entrepreneurship – This was my topic at the 8th Jan #TheNextBigThing event at #Ranchi.
A first for me – discussing gender issues in a space where I normally address people on Social Entrepreneurship. Gender is like an elephant in the room. We don’t talk about it in the open. We wish to “appear” to be gender agnostic – but we aren’t.