What’s in the Pepsi-HUL ‘Career JV’?
This one-of-its-kind JV promises to offer enhanced exposure
and learning opportunities to employees of both the companies, but will it
stand the test of time and offer more than the usual L&D programmes?
Industry observers opine!
FMCG
companies Pepsico and Hindustan Unilever (HUL) have entered into a JV. No it’s
not one of those usual business joint ventures. It’s one-of-its-kind Career JV
as per which both companies will allow select high-potential employees to gain
experience at the other firm for two to four months.
The companies involved will keep posting openings as and when they arise and employees can apply for the same to experience a different work culture, tackle new challenges and come back ready to take on more.
As of now, Pepsico’s Apeksha Jain is the only employee from the two companies to have completed the programme. Jain, a member of the HR team at Pepsico, got placed with HUL for a project on assessing the effectiveness of their current learning curriculum, and proposing a capability-building road map across functions.
HUL occasionally sends its employees to work on short- term assignments with other organisations to gain exposure to new skills and also transfer some of the learnings and insights. It’s yet to send an employee to Pepsico as part of this programme.
On the onset, this JV looks promising as a unique learning and talent development initiative to develop high-potential talent. It promises to offer enhanced exposure and learning opportunities to people. Additionally, it also lets them experience a new culture, and in turn, supports leadership development.
The companies involved will keep posting openings as and when they arise and employees can apply for the same to experience a different work culture, tackle new challenges and come back ready to take on more.
As of now, Pepsico’s Apeksha Jain is the only employee from the two companies to have completed the programme. Jain, a member of the HR team at Pepsico, got placed with HUL for a project on assessing the effectiveness of their current learning curriculum, and proposing a capability-building road map across functions.
HUL occasionally sends its employees to work on short- term assignments with other organisations to gain exposure to new skills and also transfer some of the learnings and insights. It’s yet to send an employee to Pepsico as part of this programme.
On the onset, this JV looks promising as a unique learning and talent development initiative to develop high-potential talent. It promises to offer enhanced exposure and learning opportunities to people. Additionally, it also lets them experience a new culture, and in turn, supports leadership development.
2.
Role of talent analytics in redefining
learning culture
Talent analytics is the catalyst
that’s gaining immense importance in making learning more agile and accurate.
While organisations are
investing huge efforts in designing the best-in-class learning solutions for
talent development, talent analytics is the catalyst that’s gaining immense
importance in making learning more agile and accurate. Whether need-based or
not, if learning is the prescription to a condition (or a probable condition),
analytics is the diagnostic mechanism that helps get to the root of the
condition, ensuring that the best prescription is offered. It is now a
well-established fact that efficient talent analytics is critical to learning
design.
In fact, analytics
enables HR professionals to analyse, interpret, and make the best possible
decisions and recommendations based on workforce data. It is crucial for
organisations to determine what workforce-related problems they need to solve
and how addressing those workforce challenges will impact organisational
effectiveness. It is analytics that helps identify the same.
Hemalakshmi Raju, head,
learning & development, Cipla, says, “The power of analytics in making
learning more effective is something that we will see going ahead. Using the
power of data to see what kind of learning is needed, who needs it and when,
can be a big game changer with respect to learning effectiveness.”
3.
Building Skills for a Digital Future - What's needed?
Here's how companies need to think about
skilling in a Digital First World.
Every major tech and non-tech company in India has
announced a commitment to Digital. NASSCOM estimates that by 2025, Digital-led
services would have grown four-fold as compared to a two-fold growth in
traditional IT services. But is our workforce digitally enabled from a skills
point of view?
A study by Deloitte estimates that the
rapid pace of technology change in the workplace would lead to a skills shelf
life of only 2.5 years, which means the current skill set may become redundant
after some point of time. Digital is one of the headwinds that will not only
bring about the obsolescence of skills that our workforce has today, but will
also create demand for new/evolved skills. So what are some of the skills which
will be required in the digital era? Are these unique? Can they be
developed?
Before answering that question, it is important to
break the problem down into 3 steps
a.) How we define Digital?
b.) What Roles will Digital
require?
c.) What Skills will those roles
require?
How do we go about building
those skills
For an Enterprise to be Digital-ready, they need to
focus on a digital-skill building mission along multiple dimensions
·
Digital Foundation – here the company’s focus is on training new entrants into its
workforce on the fundamentals of Digital technologies
·
Digital Depth – the company identifies segments of employees who have
strong technical depth that can be cross-skilled onto Digital technologies
Digital
Skilling at Scale – here the company’s focus is on
providing fundamental digital competencies across the workforce
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