LPG of Today's generation

For the Generation X and to a large extent for our academic purpose LPG stood for Liberalization, Privatization and Globalization in Economic terms, Which has put India on the Global Map as a force to be Reckoned with.

For the New Generation i.e. Gen Y the LPG Concept is an internal and an integral component for their Career but here the LPG is Modifies and it stands for

L- Learning

P-Pay

G-Growth (Professionally)

This has become the Mantra for today's graduating generation who look at a job and see if it fulfill these three criteria's to the desirable extent and this has became the continuum in which any job is measured by assessing the

i) Learning opportunities in terms of working in variable locations and variable departments/operations,creation of a bigger role offering wider challenges and newer perspectives, Ability to work with varied teams and also the authority to lead a team could be the major factors of interests.

ii)Pay- While this may not be the most important factor it's vitality can never be underestimated and this is displayed in terms of the situations where people have stepped down a position to go for a bigger better paying organization and also the structure of pay in terms of the variable pay is it linked on Individual's performance or on Company's performance about which i had previously written about and finally the

iii) Growth - This is the most crucial aspect and i had once heard a veteran HR expert Mr. Ravishankar of Mahindra Group put forward a point of great notice. He said that "The majority number of people who switch organizations regularly are mostly from the tier 2 B-Schools who often feel that they don't get treated on par with the Tier-! colleagues and thus take the effort to get the recognition"

What he has said is absolutely true and i guess organizations may need to re look at the way they rate institutions and the profile they offer to students

Growth is the most important aspect everyone looks for and infact one of the often repeatedly asked question during Inductions is "How long will it take me to reach the Board"

long hierarchy do not help the cause and similarly organization with a Big workforce also thus these aspects need to be kept in Mind while the career planning process of young associates who join organizations

It is essential you have a proper career management plan which could be depicted to them if not it dents your organization's image

Cheers

Arvind !!