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What is the future of education?

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               “Education is the question of Life and Death for us: –Quaid-e-Azam

Education is the backbone of any country and plays a pivotal role in shaping the future course of the nations in the world. Education builds the nation’s roots deeper and stronger and prepares them for the competitive and contemporary world. It is because of Education.

There is the debate that is the traditional approach to education still relevant in the age of Are traditional approaches to education still relevant in the era of the Fourth Industrial Revolution? Fred Swaniker. He negates the idea by saying don’t think so.

Fred Swankier: “It starts with recognition amongst all educators that the world is changing. To prepare people for the future, you need to design an education system that is forward-looking and not backwards-looking.”

According to educational experts that in today’s world, artificial intelligence, robotics and industrial revolution has bestowed the nations with tremendous growth and innovation in education and teaching methodologies. The rapid development is also caused by the advancement in science and technology and space engineering. Scientists have done a marvellous job in changing the landscape of the world with innovative inventions all because of imparting quality education especially the higher education in the universities. This requires a reorientation all the way from early childhood education to primary school to university education. It means encouraging flexibility rather than specialization. It requires training and retraining teachers, as well as redesigning education systems and curricula.

In order to have a futuristic outlook, we need to reimagine and innovate education with the support of ICT (Information Communication Technology that may reshape the future world of Education and make it paper free for the students by providing Digital Education that knows no boundaries at all.  We need to make the learning fun, excitement and interesting so that our parents may not force their children to seek education. Instead, the students go on their own and learn through gadgets.

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In this connection, there need to be overhauling at every level of education from primary to Secondary, College and University level buy designing futuristic course materials with help of experts and training the teachers in the lines of the future generation. Since the communication gateways are flowing like rivers and every person wants to quench his thirst for education with the standard dose of materials developed by the experts. The Startups and Business innovation Ideas should be promoted so that we can produce entrepreneurs for running businesses like Yahoo, Google, Apple, PayPal and Microsoft. We need more standard companies like these by young entrepreneurs so that they may create jobs and do not seek jobs. This approach will change the real face of the countries especially the developing countries.  

Education should be skillet based not just theoretical that destroys prime years of innovation. We need to bring the expert brains to the classroom that can teach the future generations the most latest and advanced Knowledge so that they may take the nation to heights of success.  The societal development should also be focused so that barriers to female education may clear and thus participatory development will boost the economy of the country. Education will help increase the knowledge economy and will definitely in taking informed forecasting and budgeting needs of the nations.

Finally, Education Never ends, it is a life long process. It helps you to focus on what is important for learning and what is not. Every Individual learns a lot from the experiences, schooling at classroom and projects they work on. So, it could be said that you learn a variety of things during learning. Even in a professional career, you attend training and workshop to boost your Knowledge and wisdom. So it is evident from the above discussion that Education is a lifelong process and the future of education bright and the world without education is like a room without light.

Digital

EQUIPPING YOUTH WITH DIGITAL SKILLS IS NEED OF HOUR: IT MINISTER SYED AMIN UL HAQUE

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Federal Minister for IT and Telecommunication Syed Amin Ul Haque has said that equipping the youth with digital skills is the need of hour.Federal Minister for IT and Telecommunication Syed Amin Ul Haque was addressing Agreement Signing Ceremony between Ignite and Virtual University of Pakistan for Launch of DigiSkills 2.0 Program here on Monday. The agreement was signed by CEO Ignite Asim Shahryar Husain and Rector Virtual University of Pakistan Arshad Saleem Bhatti.  He said Pakistan is the 4th fastest growing country in terms of freelancers and their earnings in the world. 

He said youth are our assets and Ministry of IT & Telecom is taking steps for the development of youth.Government is striving hard to extend full support to the freelancers in ease of doing business, bank account opening, bringing foreign remittances to Pakistan and availability of seamless internet connectivity across the country, he added.

Federal Minister appreciated the DigiSkills results, saying that DigiSkills has played a commendable role in equipping emerging and existing freelancers with knowledge, skills, tools and techniques necessary to seize the opportunities available internationally in online freelancing market places. About IT exports, Federal Minister Syed Amin Ul Haque said that strong measures are being taken to increase IT exports.He said that empowerment of women is important motto of Ministry of IT.IT Minister also gave directions for the completion of all projects in transparent manner and on time.

Speaking on the occasion, Secretary IT Dr. Sohail Rajput said that after the success of the first phase of DigiSkills, the second phase will prove an important milestone.Earlier,  Rector Virtual University Dr. Arshad Saleem Bhatti said that in the second phase, DigiSkills is targeting to impart 1,500,000 trainings over the period of two years. 

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 Speaking on the occasion, CEO Ignite stated that inclusion of 5 new courses and upgradation/renewal of existing 10 courses will equip the freelancers with knowledge necessary to seize the opportunities available on global freelancing marketplaces and with the direct clients as well. 

It is worth mentioning here that, Digiskills is Pakistan’s premiere online training program that has already imparted 2.2 million free of cost trainings in freelancing skills. 
Officers of Ministry of IT, Ignite and Virtual University were present on the occasion./ Ends

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Development

Macro Economics and its application in Economic System

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Introduction

Macro Economics means a System may be looked at as whole or in terms of its innumerable decisions making units such as consuming units or individual Consumers and household producing Units, Firm, farms, business and mining Concerns. The macroeconomics is, on the whole, is a combination of all components of Economies in a wider sense. It covers all the needs of any country. If the macroeconomics indicator s are favourable to any country, it will become a donor to the developing Country. But the devaluation of the Currency may affect all the Countries who depend on its exchange rates.

Functions and objectives of the Macro Economics:

 The functions of the macroeconomicsinclude overall economic study and all the items which come under the domain of the Economy.Be it social, commercial economical segment or component of the economy. It is an integral part of the Economical Development of any country. The development is observed in terms of micro and Macro economical status of any country.

The main objectives of the macro Economics

Fiscal Policy

 it denotes the usesof taxes and Government Expenditure. The Government Expenditure come into tact in distinct forms. First the Government Purchases these comprise Goods and services. The other part is the taxation Policy affects

 Monetary Policy

The second major instrument of the macroeconomics is the monetary policy which the government conducts through managing national money.

Imports and Exports

The macroeconomics indicator depends a lot on imports and exports of the country. If the country like the US finding rich markets in any part of the World then it will access the buyers market and export its goods. The demand depends on the quality of the Product in the international markets. The More standard the product, the more buyers will be involved and similarly, it will increase the demand for the product in international markets. The country which needs the products will import the goods of its demand from then exporting Countries. Thus, these are also integral parts of the macroeconomics.

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Foreign Exchange Rates

 The foreign exchange rates are determined through the Oil and goldreserves and based on the import of certain products. There are stocks exchanges Present in every country for Forex trading. Many people are benefiting from currency trading. Especially the DOLLAR. EURO and Pounds Sterling.

Devaluation of Dollar and Impact on other Countries

As it was already mentioned that most Countries depend on the Currency of Dollar for its Exchange policy. So if the government of the United States increases the value of Dollar so it will affect the countries dependent on Dollar and their debt will multiply. Whereas if the US Government lowers the Currency then it will affect all the Forex trading and currency-trading people besides the countries whose economy depends upon the Dollar s thus Us can influence the economies of the other country

Conclusion

In nutshell, it is clear that the macroeconomics is an integral part of the Economy of any country and helps them to sustain their economy and bring some economic reforms and make Fiscal and Monetary policy to escape deficit budgeting and other Components related with the Economy. It also helps the Country to draft policies of trade development and export promotion.

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Managing Human Resource in Multiple Environments: The Challenges and Possibilities

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Introduction: The Human Resource Management (HRM) is an academic theory and a business practice that is connected with the theoretical and practical techniques of managing a staff . its theoretical discipline is based primarily on the assumption that employees or the staff are individuals with changing goals and needs, and it should not be considered as basic business resources, such as trucks and filing cabinets.

 The workers take a positive view of Field thinking that all wish to contribute to the enterprise productively and that the main obstacles to their endeavours are lack of knowledge, insufficient training, and failures of process. The Human Resource Management is considered to be the part of a business or company which recruits, develops and utilizes an organization’s personnel in the way which would benefit the firm’s aims and objectives. It creates alignment between an organization’s HRM strategy and the core objectives of a business considered as essential.

Human Resource Management (HRM) is all about managing people, human capital and culture for business success. The human resources management (HRM) function includes a variety of activities, and key among them is deciding what staffing needs you have and whether to use independent contractors or hire employees to fill these needs, recruiting and training the best employees, ensuring they are high performers, dealing with performance issues, and ensuring your personnel and management practices conform to various regulations. Activities also include managing your approach to employee benefits and compensation, employee records and personnel policies.

Human Resource Management is seen by practitioners in the field as a more innovative view of workplace management than the traditional approach. The techniques force the managers of an enterprise to express their goals with specificity so that they can understand the workforce, and to provide the resources needed for them to accomplish their assignments. Thus Human Resource Management techniques, when properly practised, seem to be expressive of the goals and operating practices of the enterprise overall.

Nowadays, it has concerned synonyms such as personnel management are often used in a more restricted sense to describe those activities that are necessary for the recruiting of a workforce, providing its members with payroll and benefits, by which Staff is administered. These activities require regulatory knowledge and effort, and enterprises can benefit from the recruitment and development of personnel with these specific skills. Academic theory

Human Resource Management aims to help an organization or Institution to meet strategic goals by attracting, and maintaining employees and also to manage them effectively. The academic theory of Human Resource Management is that humans should not be considered machines. Therefore, we should have an interdisciplinary examination of people in the workplace. The Fields such as psychology, industrial and organizational psychology, sociology, and critical theories: postmodernism, post-structuralism play a major role. Many colleges and universities offer bachelor and master degrees in Human Resources Management.

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The activities of Human resource managers are involved such as interviewing applicants, staff training, and dealing with laws and regulations within employment. Human Resource Management is composed of seven interlinked activities taking place with organizations.

The seven major HR management activities are given below:

  1. Strategic HR Management
  2. Equal Employment Opportunity (EEO)
  3. Staffing
  4. HR Development
  5. Compensation and Benefits
  6. Health, Safety, & Security
  7. Employee & Labor Relations.

Within these activities, there are external forces involved such as legal, economic, technological, global, environmental, cultural/geographic, political, and social–which significantly affect HR activities and how they are designed, managed, and changed.

Resource Manager” and that is the only change. Empowerment has been noted as an HRM practice which by critics has been noted more as a pseudo-empowerment, based on attitudinal shaping Other such HRM practices have been noted as hidden within rhetoric, and many examples particularly within call centres are much more Orwellian, and hide the reality, through attitudinal shaping.

Today, unions remain a controversial topic. Under the provisions of the Taft-Hartley Act, the closed-shop arrangement states employees (outside the construction industry) are not required to join a union when they are hired. Union-shop arrangements permit employers to hire non-union workers contingent upon their joining the union once they are hired. The Taft-Hartley Act gives employers the right to file unfair labour practice complaints against the union and to express their views concerning unions.

The Human Capital: Carmeli, A and Schaubroeck, J argues that “having higher levels of human resources capital were strongly associated with performance only when top managers perceived that these resources provided distinctive value in terms of being highly valuable, inimitable, rare, and no substitutable”

For this reason, the motivation of employee is at the heart of how innovative and productive things get done within the work organization. Before studying the different ways to motivate, we have to give a clear definition of the word “motivation”. Bloisi, W argues that “motivation involves a conscious decision to perform one or more activities with a greater effort that one performs other activities competing for attention”.

Human capital is a way of defining and categorizing the skills and abilities as used unemployment and as they otherwise contribute to the economy. Many early economic theories refer to it simply as labour, one of three factors of production, and consider it to be a commodity — homogeneous and easily interchangeable. Other conceptions of labour are more sophisticated Origin of concept History

The term human capital was first discussed by Arthur Cecil Pigou: “There is such a thing as investment in human capital as well as investment in material capital. So soon as this is recognized, the distinction between the economy in consumption and economy in investment becomes blurred. For, up to a point, consumption is an investment in personal productive capacity. This is especially important in connection with children: to reduce unduly expenditure on their consumption may greatly lower their efficiency in after-life. Even for adults, after we have descended a certain distance along the scale of wealth so that we are beyond the region of luxuries and “unnecessary” comforts, a check to personal consumption is also a check to investment.

Global Presence of Companies: The global debate is on regarding the fair distribution of human capital between the countries. This points to the educated individuals, who typically migrate from poorer places or developing countries to richer places seeking opportunity, making ‘the rich richer and the poor poorer’. When these workers migrate, generally, their early care and education are benefited by the country where they move to work and live their lives. And, when they have health problems or retire, their care and retirement pension will typically be paid in the new country.

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Historical HRM from 19th to 20th Centuries: During the late 19th and early 20th centuries, The Human Capital in the United States had become considerably more valuable as the need for skilled labour came with newfound technological advancement. These new techniques and processes also required further education than normally of primary schooling, which hence led to the creation of more formalized schooling across the nation.

The early insight into the need for education allowed for provided a Shift to US productivity and economic prosperity when compared to other world leaders at the time. The rights and freedom of individuals who travelled for the want of opportunity, despite some historical exceptions such as the Soviet bloc and its “Iron Curtain”, seem to consistently outweigh the rights of nation-states that nurture and educate them it’s worth mentioning that, the ability to have mobility with regards to where people want to move and work is a part of their human capital. They were able to move from one place to another.

HRM in Several Environments: Being increase in competition, locally or globally, organizations must become more adaptable, resilient, agile, and customer-focused to succeed. And within this change in environment, the HR professional has to evolve to become a strategic partner, an employee sponsor or advocate, and a change mentor within the organization. To succeed in this term, HR must be a business-driven function with a thorough understanding of the organization’s big picture and be able to influence key decisions and policies. The focus of today’s HR Manager is on strategic personnel retention and talents development.

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 HR professionals can be e coaches, counsellors, mentors, and succession planners to help motivate an organization’s members and their loyalty. The HR manager will also have to promote and fight for values, ethics, beliefs, and spirituality within their organizations, especially in the management of workplace diversity as compared to the WorkForce of various states. Many companies now have realized the advantages of a diverse workplace.

 As many of them are going local in their market expansions either physically or virtually (for example, E-commerce-related companies), there is a necessity to employ diverse talents to understand the various niches of the market. If want to take the example of China when it was opening up its markets and exporting their products globally in the late 1980s, the Chinese companies (such as China’s electronic giants such as Hair) were seeking the marketing expertise of Singaporeans. This was due to Singapore’s marketing talents were able to understand the local China markets relatively well (almost 75% of Singaporeans are of Chinese descent) and as well as being attuned to the markets in the West due to Singapore’s open economic policies and English language abilities.

Similarly, if we take the Example of Microsoft a Global company and No1Software Company has some values to work in different environments. They are adaptable to any Culture or norms and rules of the Country because they employ the local Talent there besides their working capital already they have with. They rely on local Partners as entrepreneurs for their sales and marketing. In this Line, Google has done remarkable by establishing sites of Various Countries in their languages which have helped them to go forward and become the biggest advertising company for Web.

Billion of ads shown on site as ad words but the main thing they employ the Local talent for boosting their sales. Yahoo is also an International Company in competition with Google and Microsoft. But it shares went down due to improper Human Resource and improper understanding of the local markets of the Various Countries.

Conclusion: Finally, If the Human Resource Management Theory assessed globally, it has brought a revolution in outsourcing and hiring of the staff. It has opened the Vistas of talent and opened the doors of the talent to the Globe. Now opportunities are not limited to the particular Countries. The HRM has proved vital for the Biggest Companies such as Sony, Samsung, Motorola and LG also. They have the same phenomena of taking the products menus in the local languages to sell and market their Products through the Local Human Resource.

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