You cannot rock with just 1 Skill-Set

Yes, you must be aware of this but still I am sharing this. It struck me again today!!

Look around and imagine why the following are not No 1:

  1. Pan Shop keeper vs. Best Pan Shop keeper in the town
  2. Carpenter vs. Best Carpenter whom you call every time
  3. Web Designer vs. Best Web Designer who designs stuff for you
  4. Shopkeeper vs. Most famous shopkeeper
  5. List can go on and on….

If you carefully analyze you will see the Pan Shop keeper vs. Best  Pan Shop keeper, the latter is the best not because of the quality of pan he is selling but because he is fast, interacts with his customers, understands his customer’s taste.

Similarly the best carpenter is someone not only because of his carpentry but is someone whom you call every time as he gives free consultancy on the way things needs to be shaped

The best web designer will be someone who not only designs (knows Photoshop etc.) but can work on taglines and content.

So next time you see someone and think “Oh!! This person is working so hard and still not able to become the best” – do not feel pity, always remember a person CANNOT ROCK with JUST 1 SKILL-SET

(Just apply this ideology in your day to day life and you will see how true it is … atleast I have felt it 🙂  )

Continuous flow of “Low Cost Skilled Talent” is the NEED of the hour– Simple Case Analysis

A simple case analysis to find out the need for continuous flow of low cost skilled talent(human resource).

Let’s say there are 5 IT companies who are into web development. Each of these companies has 10 IT employees. Out of these 10 IT employees – 2 are designers and 8 are developers. Assume all of the 8 developers are working on open source technologies.  So that means total existing resource = 2*5 = 10 Designers and 8*5 = 40 Developers. Total = 50 resources. Now imagine cost of a designer is Rs 5k per month and for a developer it is Rs 8k per month. As the business requirement increases, resource crunch takes place in a particular organization. Due to lack of flow of fresh talents, the company tries to pull resources from other existing companies. So the same designer whose rate earlier was 5k per month, now is hired for 8k-10k. Hence the cost goes up.  So a project/work which the company was previously doing at X amount of money, now to do the same kind of work it costs 2X. This is because the resources hired are now costlier than before. But, the company at the same time also has to make profit.  The companies are unable to find fresh talents with required skill sets because they are not available. Hence, flow of fresh skilled low cost talent is required.

Lets look into another case, with the example as above stated company structure – 2 designers & 8 developers.  In most cases a single developer can handle a maximum of 2 client projects (if the scope of project is more, then minimum of 2 developers can handle a single project).

Development is not just coding, but it also includes documentation, client interaction and testing.  Hence a single developer has to devote almost 10-12 hours in a day to work on 2 client projects. Question is why the developer is working on 2 projects and why not 1?

The answer is very simple; the company does not have any other options.  Companies cannot hire fresh talents because they are not skilled as per the requirement and the companies are not able to hire from outside(other companies) because to hire the resources they have to be paid more and if the resource cost(hiring cost) goes up, the project cost will go up and ultimately the company will lose the  project/client.

And those developers who are working on 2 client projects, does not get time to do self study, their quality degenerates and productivity gets affected and all these ultimately affects the clients.  Hence continuous flow of fresh skilled low cost talent is required to stabilize the situation.

Remember the keywords: Continuous, Fresh, Skilled, Low-cost. You cannot ignore any. To achieve the exact match continuously is  really a challenge, which most of the SMEs are facing all over India.

Note: Companies here in the study denote SMEs with employee strength 1-20.