Global unemployment among youth is about 13 percent and the future of employment is in dire need of attention from political and business leaders. This was the prelude to an intense discussion organized by the Global Shapers, an initiative of the World Economic Forum, where I was a panelist. The discussion was part of their effort called 'Shaping Davos'. Be it Azerbaijan Hungary, Mexico or India, many countries are staring at a serious crisis of employment, not sometime in the future, but right here and now. For India, the imperative is to provide gainful employment to a large workforce that will add 1 million new people every month, for the next 20 years. Kuwait faces a similar 'youth bulge', compounded by the problem of unemployment rising with the level of education. Hungary is losing its best talent to 'permanent' brain drain.
What happened when we asked Infosys employees to connect two dots on a sheet of paper
Many of you would have heard about how Google came up with a bold experiment for increasing innovation. The management encouraged employees "not to do their job" daily for about 20 percent of the time they were at work. The idea was to increase the overall health and happiness of employees, who often felt overwhelmed by emails and, more specifically, the demand that they respond to those mails immediately. The reason behind this move, according to the company management, was that sometimes just being not connected for a while could be a way to encourage employees to relax and innovate.
The last telegram was sent out in India in July 2013, ending the service that was introduced more than 160 years ago. Frankly, I find myself wondering what took them so long. I, for one, don't remember the last time I sent a telegram. Yet, every morning - there are at least 100 emails waiting for me to read!
The telegram-to-email journey got me thinking about the realness of the irrevocable digitization around us, a phenomenon that is touching almost every aspect of our lives. How many apps do you have on your phone? When was the last time you held an analog camera, or spoke to a telephone operator for a long-distance call?
Last year was a good one for Infosys. We clocked a smart increase in revenues over the previous financial year. We brought a number of new companies - Panaya, Skava, Kallidus, to name a few - into the Infosys family. We also featured prominently in most major analyst ratings. Now, 2016 has begun on a great note with Infosys being ranked second in BusinessWorld's list of 'Most Respected Companies', close on the heels of Google India.