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Created by : Vikas Bhatnagar, Manager Finance, Tata Motors Ltd  | 03 27 2010 13:12:26 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : Performance(Corporate Finance)
Activity:  333 views;  last activity : 07 06 2010 20:18:09 +0000

This question came into in my mind after seeing the present scenario in the companies esp MNC banks where you donot find a person aged above 50 years.Most of the guys become CEO by 45 and then move on to take roles in VC/PE firms.I just wanted to know if this is the case then what is future and how to plan your career ahead.In Mfg sector, we do find people in 50's esp in Tata's ,Birla,s Reliance...So just want to get your valuable inputs on this case....

 
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Yes Vs No
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Top Argument
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Three important reasons I feel are responsible for quick burnout :

1. Running both 100M and Marathon simultaneously is not feasible.

2. Achievement is started to be measured  through accumulation, authority and projections, Not through knowledge, confidence and deliverance.

3. Satisfaction is loosing relevance to unmeasured rat race and resources are turning to goals.

Shall be happy to hear you views and learn...


By Ravindra Sharma, Managing Consultant, CHEF-India  03 28 2010 16:54:53 +0000
 
Top Argument
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NO... IT IS NOT !

EXPERIENCE... may be termed as a "Collection of Mistakes"... but any & every Organisation needs it.

Maybe MNC Banks have this scenario, but it can be a solo example. Companies have to have the RIGHT MIX of both... Experienced Professionals to Balance the Vehicle & Young Legs to take it ahead at good speed.

In fact, in the Financial Business scenario too, it is wise Investments which survive & grow, Impulse or go with the Trend kind of Investments usually take a beating. There is No denying that Youth is an important part of the Corporate World, but not without the Expert & Experience guidance of the Senior Pros.

A RIGHT MIX of both and in amicable circumstances can take any Organisation Miles ahead of the rest.

CORPORATE CAREER SPAN has not shortened... In Fact it has wider Prospects NOW !

Happy Debating Friends !      


By Naushad H.L., Creative Director, MAD COMMUNICATION  03 29 2010 08:00:13 +0000
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I support the argument that life span in the corporate life is decreasing.


By Dr.MUKUND KARMALKAR, Associate Director, CARE Hospital  | 04 13 2010 07:11:56 +0000
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yes...they are reducing and it is a natural consequence resulting from the route such senior jobs have taken. In the case of the junior jobs, this has evolved due to job hopping.

In the case of the senior jobs the money involved is so significant and the potential to do damage is so high, companies want their top pros to be contract based and speedily releasable. This has resulted in 1 year or even 2 year contracts with release options at the end. Once the option is there, people exercise it


By RAMESH KANDADAI, Principal Consultant, ARM Consultants  | 03 30 2010 04:17:33 +0000
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Yes , one should realise that the corporate ladder is like a pyramid, as you climb the ladder in the corporate,the requirement of the leadership qualities , the ability to manage , centre of influence both political & environmental and the knowledge are the key , as the positions in top are minimum and more competitive.

What one come across in the present context are individuals who dont have the qualities or the Euntre Mangerial capabilities work in the corporate after 50 yrs of age, The able and the resourceful guys quit by 48yrs and take up work to their liking.

In the Indian context propbably the mentality amongst most of the top Corporate Mangers to keep on till their retirement since most of them are comfortable in a secure and paying job hence they tend to face severe competitin from the younger , more knowledgable ,resourceful  guys.I had also seen Indian corporates rewarding individuals around 50 yrs of age with position in the middle/top management for nam ke vaste , this guy is only a stamp paper or a inmovable asset in the corporate for some reason.

There are examples in the corporate that a replacement for a Chairman had not been done for want of a proper successor or a capable person, this corporate cannot or for some reason not willing to rope in a successor from outside their industry probably.


By Ramesh Parakkat, Adisor/Projects, Freelancer  | 03 29 2010 10:28:05 +0000
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I think yes.

The main reason why, in my opinion, isn't related to the lowering age of the CEO...

I think that this is the result of the continuous changes the corporates' org are subject to.

From one side, the experience in itself isn't no more a value, with excpetions only for very high levels of competence, with clear preference for managerial than "technical" experience.

From another side, the continuous site relocation approach, to follow geographical low cost opportunities (may be you know that some corporation modev away from China, preferring Vietnam, when chinese government introduce last year an 8 hour daily rule...), make it difficult, for a great majority of employees, to be able to cope with their own global mobility level.

My 2 cents


By domenico fama, HR Business Parner, international Bank  | 03 29 2010 08:43:02 +0000
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Thanks for the referral Mr.Vikas Bhatnagar. while considering the current situation, you are correct, the span of career in corporate is reducing.

The important asset of any organization is its employees.To grow and thrive in an ever changing business climate, the leaders need great ideas they must use today. The ideas that work come from building the right relationship with right employees/business customers.

There are some reasons for the span of career in corporate life is reducing.

1] The attitude of the leaders/business heads/immediate boss towards their employees. example- the ego or I know, you do what i say.

2] some bosses will never encourage the good ideas/participation of its employees,

3] some bosses are emotional decision makers on a particular issue which will not be supported by his team members, hence they leave the organization.

4] The boss attitude of favoritism/nepotism in certain cases, affect the the employees who have good contribution/better performance of their works.

5] Due to the reasons cited in S.No.4, the top performers leave the organization to have better jobs or to start on their own business.

6] Due to working environment or less salary, employees leave the company.

7] Work place flexibility is also another reason for employees to leave. example- the employees with school age children and ailing parents

8] Very recent important reason is that the companies have taken initiatives of driving cost cutting measures due to the recession in businesses.

9] Certain bosses will not take initiative in resolving the issues related to the customers and applying pressure on the employee who is handling the particular customers. 

 


By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 03 28 2010 08:53:15 +0000
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I believe it is true to certain extent that the scene is changing.Most of the guys donot want to work beyond 50 years of age...They want to start something on their own or get into consulting / PE/VC Firms. Sanjay Nair Joined KKR,even Jagdish Khattar started Carnation after retiring,list goes on and on.........


By Vikas Bhatnagar, Manager Finance, Tata Motors Ltd  | 03 27 2010 13:12:26 +0000
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I am sorry that I have to disagree although the observation regarding MNEs, particularly investment banks, may be valid. Perhaps it is time to introduce a third option into debates - yes and no!

When you look at the overall scenario, you find that young people entering the corporate sector want to grow quickly, work aggressively to achieve their goals, and by their 40's they would have made enough money to retire, to become entrepreneurs or VCs. Increasingly, I am also seeing a trend towards getting into academia after about 20 years in the corporate sector.

With life spans getting longer, and the need for health care growing, perhaps we need to make a judicious balance between youth and experience. The concept of retirement may have to be relooked into if we want to avoid the health care mess that some countries have got into. There is an asymmetry between supply and demand in different sectors. For example, in academia, there is a perennial shortage of talented faculty. In the developed countries, there is no retirement age for tenured professors. Even in India, the national regulator has permitted faculty in certain sectors to be employed on a contractual basis upto the age of 70.

With increasing prosperity and even more increasing aspirations, the length of one's work life is probably best left to the individual, subject to health and fitness. This is what you find in some traditional firms, particularly family-owned businesses where loyalty is valued very highly. Having said that, there must be enough opportunities for young people to enter the job market every year.

One model that could be thought of would comprise of executives and managers upto a certain age in operational positions, and beyond that age, and subject to suitability, be engaged in a consulting or advisory capacity. With such a model, the enthusiasm and exuberance of the young can be melded with the wisdom and experience of the aged.

 


By B V Krishnamurthy, Consultant  | 03 29 2010 11:47:32 +0000
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It is not generalised, I suppose but rather personal choice whether to continue in the corporate sector.

 


By Sangeeta Naik, Manager, BASIX  | 03 29 2010 09:55:12 +0000
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Hi vikas interesting discussion.......

As far as I am concerned I don't think there is a specific age limit for the corporate companies. Only in government sectors the age limit was 60 yrs but nowadays that is also reducing year by year. And these corporates and MNC emerged few years ago and they did not have any specific age limit. Apart form all this the major reason is the life span of humans has reduced which in turn reduced the span of career.

:) 


By Shashikant Rajak, Senior Consultant, Technozone consultancy ltd  | 03 29 2010 08:52:40 +0000
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