123 ISSUE MAY 2022, MONDAY

SPECTRUM

IN THIS
ISSUE

Role of employee
assessment: The key to
employability for India
in 2030
PAGE 1-2 Role of employee assessment: The key to
employability for India in 2030
START UP CORNER
PAGE 3-4
With almost 62 percent of Indians in the labor force, adequate skilling is
essential to reaping the country's demographic dividend. The global and

NEWS CORNER Indian job markets are seeing unprecedented turnover as a result of the
pandemic (which is already turning into an endemic), the Great Resignation,
& and digitalization. New occupations are being created, existing jobs are being
HR FACTS made obsolete, and new ones are still evolving in an era of artificial
intelligence (AI), automation, robotics, and a data-driven economy. And, in a
PAGE 5 country with over 62 percent of the population in the working-age group (15
to 59 years) and an average age of 28 to 29 years, the appropriate sort of skill
is not only crucial for the country's present and future but also the country's
PSYCHOLOGY CORNER present and future.

& Furthermore, since the concept of 'work and workplaces' is being rethought,
QUIZ TIME some critical issues must be addressed, including whether the country's
youth have the necessary employable skills to respond to an ever-changing
PAGE 6 economic landscape. According to a World Economic Forum report, India's
jobless rate has risen from 10.4 percent to 23 percent in 2020, owing mostly to
a skills gap. The skills imparted during college education are well-known to
become obsolete for students even before they enter the workforce or are
irrelevant in today's context, a point backed up by a McKinsey Global Survey
in 2020, which found that 92 percent of Indians agree that there is a skill gap
in terms of employability.
According to a report released by the World Economic Forum in October 2020, 40% of
employees will be required to learn new skills in the future years and would be asked
to fulfill multiple tasks within the organization. Furthermore, 94 percent of corporate
owners want their staff to learn new skills while on the job. The conclusion is clear: if
India wants to become a skilled nation in the future, it must invest in skilling,
reskilling, and upskilling its kids.

But where do we start and how do we take the initial steps? To begin, the country
must define and standardize what talent means in today's environment. A system
must be established to measure talent scientifically, authentic, and credible. There is
also a pressing necessity to map talent and appraise it to find synergy. Digital
proficiency, communication skills, and business agility are today's definitions of
talent. However, evaluations will be defined in the future as a map of learning,
unlearning, and relearning to respond to the tremendous changes in the workplace.
The goal will be to identify skill gaps between existing and employable abilities.

The Importance of Foresight

As a result, foresight will be necessary to identify abilities that will evolve, skills that
will emerge, and skills that will expire. It is impossible to have clarity on the problem
statement and develop an actionable approach without first assessing the youth's
current skill level. We must build our education policy and structure around them,
focusing on teaching our kids practical and transferable skills rather than just passing
tests.
Our universities must also adopt a cycle of continual progress monitoring, with
assessments enabled, so that data can reveal what is working and what is not. Without
them, we can't analyze or implement plans and processes. Establishing a baseline to
understand the worth of our educational institutions and looking at skill development
in various phases and cycles is equally critical. However, without regular assessments,
this is not practicable.

Additionally, youths will require individualized learning and skilling strategies to stay
up with the economy's continual technological developments. As a result, skill gaps
can be identified and filled as needed. Data analysis can aid assessors in aligning
learning objectives, developing assessment instruments, and developing teaching-
learning techniques.

They can also assess the quality of their instruction and reflect on their methods to
make the required changes to better suit contemporary learning demands. The change
will be the only constant in the world's digital economies. As a result, for both our
children and teachers/assessors, this will be an era of lifelong learning. But what
should you learn and how should you learn it? Assessments hold the solution to these
questions.

SPECTRUM | PAGE 2 MAY 2022, MONDAY

START UP CORNER
STEPSETGO

StepSetGo is an app which aims to make fitness simple, engaging, fun, and get as many
people as possible to take up the challenge without asking them to do too much.
Walking is something , an instigator to get users to get moving, all they needed to do is
track it, institute a rewarding system, and make it social.How StepSetGo works is
simple; the app tracks everything from users’ steps, calories lost to the kilometers
walked. It then converts those steps into SSG coins which is the currency used to
redeem offers from the in-app marketplace called the ‘Bazaar’. Users can earn 1 SSG
coin for every thousand steps they take. Once enough coins are accumulated, the user
can purchase gadgets, apparel, online courses, wellness products, and even bikes from
the Bazaar section of the app. StepSetGo has taken things one step further, by
introducing healthy dose of friendly competition through the ‘Arena’ section in the app.

StepSetGo was founded by Shivjeet Ghatge, Misaal Turakhia, and Abhay Pai. They have
always wanted to work together on something they could call their own. Sports and
fitness are shared passions and the trio always knew they wanted to create the next big
thing in the Indian fitness space. Abhay Pai is the Co-founder and CTO at StepSetGo. He
holds an M.Tech degree and specializes in building high-scale technology solutions
while heading the engineering team that develops, manages, and maintains all server-
side infrastructures, involved actively in the development and optimizations of the iOS
and Android mobile apps .Misaal Turakhia is a Co-founder and CPO at StepSetGo, a
Master’s degree in Advanced Computer Science from the University of Leicester, Misaal
handles the technical aspects of the product, UI & UX, as well as app development.
Shivjeet Ghatge is a Co-founder and CEO at StepSetGo. As CEO, he looks after the
finances, marketing, and business development for the platform, which are the areas of
his core competence. He began his journey as a working professional with some
extremely reputable agencies like Duval Guillaume, a prominent and well-known
advertising agency in Belgium, Publicis Paris, Umbrella Design, and Grey Worldwide.
StepSetGo’s team comprises young, vivacious individuals who work dedicatedly to
make the platform reach newer heights.

Misaal, Abhay, and Shivjeet have always had a passion for fitness, and they knew that
was the space they wanted to be in. While the trio went through multiple concepts that
went from the idea board to the actual business plan, during a conversation about their
workout regimens that involved spurts of rigorous workouts with bouts of none at all.
Abhay mentioned that if they got paid to exercise, they’d take their commitment to
fitness a lot more seriously. That was when StepSetGo was born. The first three months
of starting StepSetGo had reached almost 55,000+ registered users a day and today
StepSetGo has clocked a total registered users base of nearly 7 million through organic
routes.

SPECTRUM| PAGE 3 MAY 2022, MONDAY

As people used StepSetGo and saw individuals in
their immediate circles reap the rewards, proof of
concept was established and ultimately created an
almost viral momentum for Stetsetgo. StepSetGo is
all about getting started with one’s fitness journey,
so they wanted to translate that concept to
something that had a lot of energy behind it. The
phrases Ready-Set-Go or Get-Set-Go were easy
connections for them, considering that, that's what
one says at the start of a competition or race. Name -
StepSetGo ,Tagline - Make Every Step Count The
"Integrity,
ideation and final launch of StepSetGo involved an insight &
immense amount of market research. From a
conducted research they found that 400 million inclusiveness
were interested in fitness while 45 million were not ,
their goal was to push these 45 million people.With
are the three
that in mind and with a joint vision to build a fitter essential
community, building a platform that would
incentivize its users to make a long-term qualities of
commitment to their fitness journey by providing leadership."
them with immediate rewards.

SADHGURU

SPECTRUM | PAGE 4 MAY 2022, MONDAY

 NEWS CORNER
1. Over 1.5 lakh active job offers
across various sectors on NCS
portal: Govt.
2. Created over 11.6 lakh jobs;
enabled USD 5 billion in
exports: Amazon India.
3. Bharti Airtel to set up tech
centre in Pune, employ 500.
4. Pharma companies are now
busy adding capacities,
investing in R&D and seeing a
HR FACTS surge in demand for non-
Covid drugs.
5. Google hit with third lawsuit
as U.S. states sue over search
1. According to 30% of
monopoly.
respondents, sourcing is one
of the most critical
recruitment challenges.
2. Promoting a job opportunity
as mobile-friendly can result
in an 11.6% boost in
applicants.
3. More than 31% of respondents
said AI should not be used to
make hiring choices.
4. The manager is solely
responsible for 70% of the
variation in team engagement.
5. According to 47% of HR
decision makers, begin when
the candidate accepts the job.

SPECTRUM | PAGE 5 MAY 2022, MONDAY

PYSCHOLOGICAL CORNER

The Premack Principle of

Reinforcement
The Premack Principle states that
more probable behaviors will
reinforce less probable behaviors.
Behavior in itself can reinforce
behavior, and the presence of a
high-probability behavior can
make a low-probability behavior
more likely.

QUIZ SECTION
1. Who is the CEO of Phonepe?
2. Jobs are compensated on the
basis of____
3. A person is known by the
company he/she keeps”; is well
described by which of the
term?
4. What is the full form of HRIS?
5. Who is the CEO Volvo?

ANSWERS FOR SPECTRUM 122' QUIZ

1. COMPENSATION 4.BACKGROUND
2. BENEFITS 5.REFERENCE
3. RECRUITMENT

SPECTRUM | PAGE 6 MAY 2022, MONDAY