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Life skills for the new age – 2020s and beyond

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We all live through three distinct phases in our life: (a) education phase (b) work phase and (c) retirement phase. The phases are very different, one from the other, though there may be some overlaps in terms of certain activities. We spontaneously pick up, as it were, certain skills in each of the phases, but it is advisable that we put in conscious efforts towards acquiring the right skills, which could assure us a higher degree of success.

In these few pages, I am sharing largely my personal experiences, but I have also included insights gained from my friends and colleagues whom I regard highly for their maturity and professional competence.

Education phase
Without exception, all parents strive to provide the best possible education to their children according to their means. However, the quality of education the child receives is heavily dependent on the nature and the standing of the school where the child could finally secure admission. Most parents opt to get their children admitted to a school close to their residence or in one which assures transport arrangements.

A few parents may decide to send their children, generally their grownup children, to a boarding school. A boarding school is certainly very conducive to the overall development of the child, but everyone knows boarding schools cost a lot. Only those parents, who can afford to foot the bill and who do not mind their children living away from them, exercise this option. Once through with the school, college education comes next. Choice of the field of study is the most critical issue at this stage. Very many factors influence this decision, the most important being the score card, the actual marks obtained in the school finals. Given the intense competition for the few seats available for a particular specialisation in any reputed college, the child?? performance in the school will be the most decisive factor. In addition, parents??preferences and the counsel of vocational guides and well-wishers, will also play a part.

Life at college, free of the school uniform, ushers in a period of freedom. Opportunities for abuse are very high. Bunking classes is always a major temptation to the students. It seems to give them a sense of power. However, during this period, the idea of what one wants to achieve in life begins to take shape, especially among the more devoted of the student community. While at college, one needs to concentrate on classroom learning. This must be supplemented by study at home and regular visits to the library. No one can broaden one?? horizon or do well academically without the study of the recommended books and journals.

At the same time, one needs also to develop an interest in extra-curricular activities such as sports, drama, elocution, debating, music, dance, and singing. Academic excellence alone will not suffice for all-round development. Participation in sports and games can contribute immensely to preparing oneself for the next phase in life, the Work Phase. Be that as it may, academic learning should be the prime focus at this stage. In college, students in particular course will be of varying economic backgrounds. Accordingly, their ambitions and dreams, and their focus and their lifestyles are likely to be different. Difficult as it may be children need to be helped to integrate this truth into their life. We do not choose our parents and there is no reason to feel apologetic if one happens to come from a poorer section of the society, economically speaking. College students should be made aware of the laws of the land with regard to the consumption of drugs. They must be forewarned by teachers and parents about the dangers and pernicious effects of drug abuse. Health is ruined. Concentration is lost. Career is endangered. Most of all a drug addict finds himself on the wrong side of the law with its attendant consequences. While at college, students should be singularly focused on achieving the goals they have set for themselves. College education is the first step in obtaining a Diploma or a Degree. It also spells the start of acquiring domain knowledge in a particular field. Development of social skills also occurs during this period.

Domain knowledge must be amply supported with knowledge of networking and technology as these are regarded as essential for success in the future. All these skills should ideally lead to developing a high level of self-confidence, feeling certain about what one wants to do in life, and the ability to stay competitive in this ??an-eats-dog world?? Successful completion of a Diploma or a Degree course paves the way for the student either to pursue higher education or to seek gainful employment of some kind and, in some cases, even to be self-employed.

By way of summary, we can say that after college education, the skill-sets required of the New Age personnel will revolve around the following areas:

a) Ease of using digital tools.

b) Focus, a high level of goal-orientation.

c) Self-confidence coupled with the realisation that organisations are hierarchical, and one will have to work under a boss.

d) While at college competing with fellow students was acceptable, but in the workplace collaboration and teamwork are more desirable. They are also important for one?? overall success.

e) Organisations function based on rules and regulations, and therefore strict adherence to the rules is expected of the new entrants to the corporate life.

Gradually all the life skills are becoming gender neutral. Hence, everyone, regardless of the gender, must acquire household-related skills as well such as cooking and housekeeping. These skills are better developed at a young age and so the role of parents in ensuring that their wards are on track in acquiring these skills cannot be over-emphasised.

Work phase
Presently there is a serious slowdown in the economy of the country owing primarily to the outbreak of Covid -19 pandemic. This is a global phenomenon. It would take a while to return to the pre-Covid19 situation. The job market in India is at present under unprecedented stress, more so for the fresh graduates in any field other than medicine and information technology (IT). Limited jobs are available to the new entrants in the job market.

Let us not forget that a high tide always follows a low tide. We have to keep our hopes alive as jobseekers. This will also apply to the enterprises in the country. Enterprises that had earlier faced global competition are seeing a big shift. The recent protectionist policies increasingly adopted by countries across the world, including India, are bound to aid the local enterprises to some extent. Increased use of electronic media by businesses in different spheres has also come as a boon. As a result, enterprises related to Information Technology (IT) and Information Technology Enabled Services (ITES) have benefitted immensely during this pandemic.

Job prospects have considerably improved in these sectors. Also, lectures and classes, both at schools and colleges, are being held in a virtual fashion. This is likely to become the new normal, especially when it comes to imparting distance education. An academic qualification, even just a Diploma or a Degree, may serve as a passport for entry into the world of work. However, it does not guarantee a steady growth in career thereafter. Continuous learning and upgradation of skills are a must for any meaningful growth in one?? career. Money is not to be made as the be-all and the end-all of life or the sole purpose of our work.

There are so many other good reasons why we perform at our best: service to the world, sense of personal satisfaction, and growth in competence, to mention a few. Let us bear in mind that nobody ever has died of hard work, but several have perished because of laziness. In the world of work, it is essential that one keeps oneself physically fit, mentally alert, and emotionally stable, despite the pressures at the workplace and in one?? personal life. While in the world of work, it is essential that one maintains cordial relationships with one?? spouse and children, one?? parents and siblings, in-laws and relatives, friends, and associates, as they are said to serve as the emotional anchors to our lives. They do help an individual to navigate through turbulent times successfully. One?? school and college batchmates can also contribute in a big way to one?? emotional wellbeing even though they will have their individual paths to follow and their own personal destinies to fulfil.

For the next several years, because of the Covid-19 pandemic, many persons will face a difficult situation in finding jobs and in retaining them. Hence, individuals must consciously maintain a positive and optimistic attitude as this alone can help deal with the current challenges in life. Some young people, disappointed at not being promoted or not being rewarded adequately, quit their jobs in haste without another job or any other alternative in hand. This is imprudent, to say the least. A candid assessment of one?? capabilities and performance levels and careful scrutiny of one?? shortcomings and weaknesses would throw up useful data for charting out a required improvement path, which should eventually lead to the desired levels of success. We do not expect the workplace to be some sort of a paradise. There are bound to be problems and challenges of all kinds, some of which may be very undesirable. Stress and strain in a job are also inevitable.

The remedy lies in getting engaged in absorbing hobbies and pursuing other interests such as social work or games. This will help to destress oneself and to find meaning in some other areas of life. The satisfaction derived this way can compensate for the unhappiness being felt at the work front. Another important suggestion would be about developing a love for and pride in the organisation we work for. There is more than adequate evidence to show that a positive attitude towards one?? organisation has contributed in a significant way to a person?? career growth and overall success in life. As far as the work phase is concerned, there are five areas to focus on: home, self, work, profession, and community. This will call for apportioning the available time appropriately for all the five aspects of one?? life. Success in this regard results in enhancing the ability of the person to make a real difference in the world. For achieving success in the world of work, the following are necessary:

a) A clear vision, knowing what one desires to achieve in life.

b) Discipline of completing tasks in time, with quality and excellence, sparing no effort in doing one is very best.

c) An iron will, determined to achieve the desired goal.

d) Building acceptability with one?? boss, peers, and subordinates, which is the outcome of having built adequate trust in the relationships.

e) Keeping abreast of the changes in technology and the new developments in one?? field of work.

f) Lastly, one?? share of luck. After all, the goddess of luck does play a big part in our fortunes in life.

Here is a list of skills required of a person in the World of Work in the 2020s and beyond:

1. Passion for one?? work

2. High work ethics

3. Entrepreneurial spirit

4. Critical thinking

5. Creativity

6. Interpersonal skills

7. Empathy

8. Ability to work with diverse people

9. Time Management – keeping promises and honouring commitments

10. Ability to deal with uncertainty

11. Adaptability ??bility to navigate in turbulent waters

12. Willingness to share resources and work as a team

13. Continuous learning

14. Managing change

15. Knowledge of the use of digital tools.

Retirement phase
After the work phase, an individual retires from the organisation and moves into the retirement phase. The superannuation age in most enterprises Is 58 or 60 years. Some retire prematurely before the age of superannuation either to pursue some other interests of their own or just to rest. Only those who are financially sound can choose to retire early. Unless one is employed with the government, job security is no more a reality in today?? world. Enterprises keep restructuring, merging, and downsizing all the time so much so that one is made to feel permanently as a temporary hand till one retires. Self-employed persons have the luxury of prolonging their work-life well into their 70??. When they finally decide to hang their boots, they move into the retirement phase of their life. The job market in India is not all that rosy at present and those employed have to face innumerable challenges to stay afloat in the corporate waters. It is undoubtedly a case of the ??urvival of the fittest?? Therefore, those employed should be making a saving regularly for the rainy days ahead. Getting trapped in the EMI (Equated Monthly Instalment) culture, which is all too popular today, is very undesirable except for purposes such as purchase of a house.

While in the world of work, one also needs to develop alternative sources of income, should one be unfortunate enough to lose the job for some reason or other. Sudden terminations are not uncommon in today?? organisations. One must be prepared for any such eventuality by consciously developing an alternative source of livelihood. All this would serve one well during the retirement phase. For leading a meaningful and peaceful life during the retirement phase, one has to attend to the following matters:

a) Own dwelling place.

b) Maintaining good health and remaining fit physically, mentally, and emotionally, by regular exercises including yoga.

c) Healthy and nutritious diet.

d) A healthy bank account. Adequate funds for oneself and for one?? spouse. Whoever survives should also be able to live on comfortably without having to depend on children or anyone else.

e) Meaningful occupations. Professional pursuits and Hobbies of some kind. Both will do wonders to a person?? life.

Conclusion
In life we all go through the three phases we have talked about, though our experiences may vary owing to various factors, such as family status, educational levels, nature of the profession, and the personality of the individual.

We have highlighted some of the essential skills needed to be effective and successful in each phase ??during the 2020s and beyond. This is not an exhaustive list but does cover the critical aspects to focus on to ensure a person?? smooth passage through the three phases of life. It is important to nurture affection and love for one?? school and college and develop feelings of gratitude and respect for the teachers, but for whom we could not have moved through the education phase successfully. We also need to be grateful to all the organisations we have worked for and should never speak ill of any of our past employers. Our work phase is largely what our life is made of. If this is how we carry ourselves during the first two phases of our life, the retirement phase will certainly prove to be a period of great joy and peace, as we will be able to look back at the years gone by and our various accomplishments with great satisfaction. Our life will certainly go down as a meaningful life.

ABOUT THE AUTHOR:
Dr Rajen Mehrotra is Past President of Industrial Relations Institute of India (IRII, Former Senior Employers??Specialist for South Asian Region with International Labor Organization (ILO) and Former Corporate Head of HR with ACC and Former Corporate Head of Manufacturing and HR with Novartis India. E-Mail: rajenmehrotra@gmail.com

The article is based on a talk delivered by the author in a Webinar on ??ssential Skills For Tomorrow – 2020+??organised by Mind Power on September 26, 2020 for students, executives and retired professionals. Published in October 2020 issue of Current Labour Reports.

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Concrete

Cement Makers’ Margins To Fall Rs 50-75 Per Tonne Amid West Asia Conflict

Crisil Sees Margins Easing Despite Steady Demand

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Crisil said operating margins of Indian cement manufacturers are expected to decline by Rs 50-75 per tonne (t) this fiscal to Rs 925-950 per t due to higher input costs triggered by the West Asia conflict. The analysis covered 18 cement companies accounting for nearly 90 per cent of India’s domestic cement capacity and noted margins had improved sharply to around Rs 1,000 per t in fiscal 2026.

Crisil noted that the reduction would be driven mainly by higher power and fuel costs, which account for about 30 per cent of total costs, as petcoke and imported coal prices have surged amid geopolitical uncertainties. Freight costs, which account for about a quarter of total costs, are also expected to remain elevated because of higher diesel prices. The impact on profitability is likely to be more pronounced in the first half of the fiscal year before easing commodity prices moderate cost pressures later.

The rating agency said steady domestic demand and strong balance sheets should keep credit profiles stable despite the moderation in margins. Green energy currently accounts for 35-40 per cent of the sector’s total electricity consumption and is expected to partly cushion higher energy costs. Operating cash flows are likely to remain resilient, supported by projected 6-7 per cent growth in cement demand this fiscal.

Crisil highlighted that demand growth will be driven primarily by infrastructure spending, which meets about one-third of sector consumption, and by a nearly 18 per cent higher budgetary allocation for core ministries that should support project execution. Weaker rural housing demand amid pressure on agricultural incomes from a possible below-average monsoon may be offset by improved urban housing demand supported by favourable home-loan rates and a strong pipeline of Pradhan Mantri Awas Yojana-Urban projects. Ongoing capacity additions will keep capital expenditure elevated and may lift net debt to EBITDA to between 1.2 and 1.4 times from around 1.0 time last fiscal, though ratios are expected to remain healthy.

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UltraTech Board Approves Rs 50 bn Fundraise Via NCDs

Company to issue half a million debentures for expansion plan

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UltraTech Cement’s board of directors has approved raising Rs 5,000 crore (Rs 50 bn) through non?convertible debentures issued in rupees.

The finance committee cleared a proposal to issue up to 500,000 fully paid, unsecured, listed, rated, redeemable, rupee?denominated, non?convertible, non?cumulative debentures of Rs 1 lakh each (Rs 0.1 mn each), aggregating to the Rs 5,000 crore programme.

As of June 2026 the firm reported net debt of Rs 15,875 crore (Rs 158.75 bn) and said its capacity expansion projects under execution are backed by capital expenditure of about Rs 17,000 crore (Rs 170 bn) over the next two to two?and?a?half years.

UltraTech spent Rs 9,500 crore (Rs 95 bn) on capital expenditure in financial year 2026 and in April the group crossed 200.1 mn tonnes per annum of domestic grey cement capacity and 205.5 mn tonnes per annum of global capacity.

The chief financial officer indicated the company would take consolidated capacity beyond 242 mn tonnes per annum, with grey cement capacity reaching 212.7 mn tonnes per annum by the end of financial year 2027. He noted the net debt?to?earnings before interest, taxes, depreciation and amortisation ratio stood at 0.87 times as of June 2026 and the company was confident of ending financial year 2027 with the ratio below one time.

In the first quarter of financial year 2026?27 UltraTech’s net profit attributable to owners rose 16.8 per cent year?on?year to Rs 2,599.3 crore (Rs 25.993 bn) and revenue from operations increased 15.9 per cent to Rs 24,648.20 crore (Rs 246.482 bn). The board approval is expected to complement internal cash flows as the company advances its expansion programme.

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Lokesh Lays Stone For Rs 31 Billion Cement Unit In Kadapa

Line-2 expansion to make Kadapa a major cement hub

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Andhra Pradesh Education and IT Minister Nara Lokesh on Wednesday laid the foundation stone for the Line-2 expansion of Dalmia Bharat Cement at Chinnakomerla village in Mylavaram Mandal in Kadapa district. The project carries an investment of Rs 31 billion (bn) and is slated for completion by the third quarter of the financial year 2028. The expansion is intended to boost industrial growth and employment generation across the Rayalaseema region.

Once commissioned, the Kadapa facility will become Dalmia Bharat’s largest integrated cement manufacturing ecosystem in southern India, creating over 1,000 direct and indirect jobs and opening new business avenues for regional micro, small and medium enterprises and transport operators. Lokesh said the expansion signalled growing corporate confidence in the state and reflected the practical ease of doing business that secured repeat investment.

He placed the project within the government’s wider economic targets and recalled the Yuvagalam padayatra commitment to generate two million (mn) jobs within five years, noting that the state would cultivate talent while industry created opportunities. Lokesh highlighted Andhra Pradesh’s competitive pursuit of major manufacturing accounts, mentioning past successes and a personal initiative to engage global investors when persuading them to anchor expansion in the state.

The plant will leverage Kadapa’s abundant limestone reserves to scale production and sustainability. Clinker capacity is planned to rise from two point five million tonnes per annum (mn tpa) to six point one mn tpa, while overall cement output will increase from three point six mn tpa to nine point six mn tpa. The unit is designed to operate on over eighty per cent renewable energy and deploy waste heat recovery, zero liquid discharge, water recycling and advanced AI systems to optimise efficiency. Industries Minister TG Bharat, BC Welfare Minister S. Savitha and Jammalamadugu MLA C. Adinarayana Reddy attended the ceremony.

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