India's Manufacturers to Invest in White Collar Jobs to Cut Costs

To cut costs, India's manufacturers are looking at increasing white-collar productivity and redeploying staff, reports the Economic Times.

 

AK Taneja, MD and CEO, Usha Pistons and Rings, which manufactures piston rings, told the Times that "white-collar productivity has the biggest bearing on cost, even more than blue collar." Taneja cites that in the area of product development, the design stage is a white-collar area. If productivity is improved in this stage, time to development is reduced and no re-work is needed.

 

Another Indian manufacturer tells the Times that companies are increasingly re-deploying people, not sacking them. “If you start sacking people for productivity improvement, you are headed for losses. White-collar productivity improvement is achieved through redeployment,” CP Rangachar, MD of Bangalore-based machine tool maker Yuken India, told the Times.
 

MORE ARTICLES ON HUMAN CAPITAL MANAGEMENT, MANUFACTURERS, WHITE COLLAR JOBS

 

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern