IT/BPO industry targets $ 1 b turnover by 2015
The IT/BPO industry aims at achieving an annual turnover of US$ 1
billion by 2015, said Chairman Sri Lanka Association of Software
Services Companies (SLASSCOM), Dinesh Saparamadu. He was addressing the
SLASSCOM HR Summit 2011 on Wednesday.
He said that IT/BPO is a US$ 400 million industry and aims at
surpassing US$ 1 billion within the next five years.
IT/BPO is an industry that enhances capacity and efficiency of large
scale business organisations in the world. Sri Lanka's IT/BPO industry
plays a crucial role in the country reaching the goal of becoming a
knowledge economy. Saparamadu said that human resource development is
essential for the IT/BPO industry to reach the US$ 1 billion target.
Harnessing talents and building capacities are vital for organisation to
enhance performance. "The role of the human resource manager is
increasing in the context of the rapidly changing work place
environment. The human resource manager is the heartbeat of an
organisation", he said.
The theme of this year's summit is "HR Challenges in the Post
Conflict Nations". General Secretary SLASSCOM, Mano Sekaram said that
successful management and development of the knowledge worker is vital
for the growth of the IT/BPO industry.
SLASSCOM has spearheaded many activities which have helped elevate
Sri Lanka as a destination of choice for niche outsourcing with key
focus areas.
President JC Eicher Association, Benolt Millot said that there is a
mismatch between higher education and the needs of the labour market.
Often employers complain that they do not have employees with the
right talents.
In USA around 30 percent of the employers complain that they lack
employees with the right skills while in the Asia Pacific around 45
percent of the employers complain that employees lack relevant skills.
Millot said that higher education must relate to the work place if not
it would lead to disillusion and frustration. Higher eduction responds
to labour market requirements but not adequately.
He said that investments on higher education is essential to address
the shortage of skilled labour. Unemployment, underemployment and the
shortage of skilled workers are due to inadequate investments on higher
education.
"Higher education should focus on creating an employable workforce.
Employability is a major issue most employers grapple with", Millot
said. According to global surveys employers prefer to retain existing
employees rather than recruiting new employees who may not have the
right skills needed in the organisation.
An official of SLASSCOM said that though there are many institutions
offering higher educational qualifications there is a scarcity of the
right calibre of people in the job market.
"Improving primary and secondary educational standards and raising
English competency are important to meet the requirements of the labour
market", he said.
- LF
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