Datuk Seri Vijay Eswaran is the executive chairman of QI Group, a multinational conglomerate with presence in over 30 countries. The QI Group is interested in an array of businesses including education, hospitality, direct selling, financial services, etc. The company has over 1500 employees.
Vijay Eswaran leverages his position to observe various trends in the international market including the employment trends. It is common Knowledge that the population of the world is increasing by the day. While a larger population is not entirely a bad thing especially for business (cheaper labor, more market, and availability of skilled labor, etc.), Eswaran is worried that jobs might be limited in the near future.
According to him, the advancement in technology especially in robotics and artificial intelligence fields means that many tasks will be fully automated sooner or later. Eswaran shared his sentiments in students’ forum organized by the Universiti Malaya.
However, even though the future seems bleak for university students, Eswaran affirmed that there is a way out: entrepreneurship. He went on to encourage the university’s administration to foster job creation skills in students rather than churning out job-seeking graduates. Learn more about Vijay Eswaran: http://www.wceforum.org/speakers/dato-sri-dr-vijay-eswaran/
He has observed that students shy away from entrepreneurship mainly when they just get out of college; they prefer employment that equips them with practical skills of running a business. Is it a wrong decision? Eswaran doesn’t think so.
In fact, the Chinese, Taiwanese, South Koreans, and Japanese are known to acquire practical skills through employment before setting up own businesses; what matters is that after learning the skills, they go ahead to benefit from the labor availed by those afraid to venture into entrepreneurship.
Eswaran is well aware of the different working environments inherent in startups and accomplished firms like the QI Group, and he advises students to look for posts that match their skills in either of the two.
Vijay Eswaran, however, suggests that startups tend to be fast-paced, continually evolving, and the sharing of information is relatively faster as opposed to more structured and slower-paced corporate environment. A job-seekers’ choice should be based on a number of factors including their personality, work style, and other unique needs.