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April 8, 2021
 

IT workers are in hot demand, but their future looks set to change

For many people, the future of work can look like a perilous place, with their jobs under threat from a technology-driven combination of artificial intelligence and machine learning, automation or robotics. IT workers are in a slightly different position here than most – often they’re introducing these technologies into the workplace. Even so, they’ll still be affected. Just because you make the changes, it doesn’t mean you’re entirely immune to them.

Overall the outlook for humans in industry is actually pretty positive. According to The Future of Jobs, a 2020 report by the World Economic Forum (WEF), there are big changes coming in the next three years.

Forty-three percent of businesses surveyed indicate they are set to reduce their workforce due to technology integration… By 2025, the time spent on current tasks at work by humans and machines will be equal.

World Economic Forum Future of Jobs report 2020

But it’s not all bad news. The report also says 41 percent of businesses “plan to expand their use of contractors for task-specialized work and 34 plan to expand their workforce due to technology integration.” WEF estimates that by 2025, the shift from human to machine labor could displace 85 million jobs while creating around 97 million new roles. That’s a net gain of 12 million jobs.

WEF says this change in the roles people will perform will mean a skills gap. The top skills employers surveyed believed would rise in importance as we approach 2025 include critical thinking and analysis, problem-solving and self-management skills like active learning, resilience and flexibility.

How India could tap this opportunity?

India is a leader in the IT sector across the globe providing services to tob businesses. India could tap the opportunity by skilling the human resource in demand-oriented manner. In the near future this could be leveraged by securing Visa regulated agreements with various countries facing skill shortages, and thereby providing Indians youth with global opportunities.

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April 1, 2021

Indians are taking advantage of golden visa programs. Let’s find out how. Well, many Indians plan to settle down in highly developed countries, despite coming from a country with a fast-growing economy.

A UN report states that, as of September 2019, there are approximately 17.5 million Indian-origin people living outside the country.

Some of the ways hopeful prospects try their luck abroad is by pursuing higher education, taking up job offers, starting a business, and the latest popular route being golden visa programs. “Visa Services in Delhi

Let’s read further to understand what these programs are and why wealthy Indians are attracted to them.

What are golden visa programs?

A golden visa programme is a type of programme wherein Indians from affluent families make a huge investment in a foreign country in exchange for citizenship and permanent residency.

The investment could be anything from buying a massive property or putting a certain amount of money in a business in the country of their interest.

Why are people opting for golden visa programs?

Here are some of the reasons why prospects who were part of the exodus so far have taken the investment route to settle down abroad:

  • Permanent residency for themselves and their dependents
  • Better standards of living and quality of life
  • Better economic opportunities
  • Improved personal security
  • Ensures that the whole family can be together unlike other migration routes (study/work)
  • Access to better healthcare facilities
  • Visa-free travel options to selected countries
  • Permanent entry to the host country
  • Second passport
  • Exposure to other cultures
  • Enrolment of their children in top educational institutions
  • Better brand exposure in foreign countries

What type of investments can you make?

Here are some of the eligible investments you can make:

  • Real estate investment
  • Investment in a corporate or enterprise
  • Investment funds
  • Donations and endowments

Which countries are Indians’ favorites?

As of now, many rich Indians are willing to settle down in Portugal. Other countries in Europe, as well as the US, are current hotspots. One of the important factors in choosing a country is by looking at available investment opportunities.

As the investment required for the Caribbean Islands is much lesser, Indians are favoring countries like Antigua, Dominica, Grenada and St. Kitts.

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March 23, 2021

“The most important relationship in your life is the relationship you have with yourself. Because no matter what happens, you will always be with yourself.”

Nothing can bring you closer to building an intimate relationship with yourself and getting to know yourself better than moving away from home and living in another city. You have the freedom to discover who you are, what you truly want and don’t want without any distractions or influences from people close to you — whether it’s close friends, family, or just familiar surroundings, societal and cultural norms you grew up in and were taught to believe.

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Living in another city is an eye opener especially if the place is far removed from where you’re originally from. You observe things from an outsider’s perspective. You see things from the outside in which makes you re-think the way you understand your own culture and your own self from the inside out.

This process makes you re-think about who you are as a person and start questioning your original beliefs, attitudes, and values which were influenced by your upbringing.

Questioning this over and over with different perspectives coming in back, front, left, right, you now have a chance to shape yourself to be who you truly want to be and find your purpose in life with fewer biases (as you would have if you lived in your own culture all your life)

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March 19, 2021

If US President Joe Biden’s proposed immigration bill is enacted, it would lead to a 35% annual increase in green card numbers according to an analysis by Boundless, an immigration firm. Boundless estimates that the number of immigrants obtaining lawful permanent residency or a green card would rise by nearly 375,500 each year to nearly 1.5 million in total if the U.S. Citizenship Act were enacted.

Indians would be the biggest beneficiaries of this increase as the largest increase is expected in the employment-based categories and the diversity visa program. If the bill goes through, an additional 80,000 advanced degree workers would be granted permanent residency, along with more than 78,000 “first preference” workers (people with “extraordinary ability,” university professors and researchers, and executives or managers at multinational companies). Indian citizens face the longest wait times for employment based green cards on account of country caps, with some studies pegging the wait time at between 80-150 years.

The green card backlog for employment-based immigrants in 2020 crossed 1.2 million applicants, the highest ever. Indians comprise about 68% of this, or about 800,000, according to data from United States Citizenship and Immigration Services (USCIS).

“Just because the bill raises a visa cap does not necessarily mean that all of those green cards will be used in a given year,” said Doug Rand, Boundless co-founder and immigration policy expert. “If welcoming several hundred thousand more permanent residents to the United States each year sounds like a lot, it’s not, added Rand. He pointed out that countries like Canada and Australia offer permanent residency to more than twice as many immigrants as compared to the US on a population adjusted basis.

Proposed steps like spouses and minor children of permanent employees no longer counting towards the cap, along with PhDs from US universities in a STEM (science, technology, engineering and math) field not counting towards caps would all help increase the number of green cards available annually.

Source : https://m.economictimes.com/nri/migrate/president-bidens-proposed-immigration-bill-could-add-375000-more-green-cards-annually/amp_articleshow/81544670.cms

March 15, 2021

“The world economy no longer pays you for what you know; Google knows everything. The world economy pays you for what you can do with what you know.” – Andrea Schleicher, Director for Education and Skills for the OECD

A recent study found that 65% of today’s grade-school kids will do jobs that haven’t been invented yet. We have never seen such a rapid pace of accelerated change. The only competitive advantage in this new economic landscape is our ability to learn and adapt, which necessitates we have a self-education plan to be continually upgrading our skills.

To navigate this challenging job market, the Partnership for 21st Century Skills has identified three types of skills that we all need to be continually working at developing, which they call 21st-century skills:

Learning Skills:

Learning skills involve how we process information and connect the dots between different subjects. It also involves developing our ability to collaborate and communicate the values of our ideas in a clear and concise way.

  1. Critical Thinking
  2. Creative Thinking
  3. Collaboration
  4. Communication

Literacy Skills:

Literacy skills involve how we recognize truth from fiction on social media networks on the web. It also involves knowing how to use information technology to share your stories and inspire people.

  1. Information Literacy
  2. Media Literacy
  3. Technology Literacy

Life Skills:

Life skills are all about taking initiative, creating a vision for our career and developing our personal brand. We all need to work on being more confident leaders who get things done.

  1. Flexibility
  2. Initiative
  3. Social Skills
  4. Productivity
  5. Leadership

In today’s job market, employers want to hire and work with versatile people who have a variety of these 21st century skillsets. They also want to see a record of continual learning achievement and a digital portfolio that demonstrates their competence, creativity and forward-thinking.

I believe there is no better way to develop a 21st-century career than by harness the incredible power of self-directed online learning. When you can learn independently and apply what you learn by building your own creative projects, you thrive in a world of accelerating change.

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