Friday, March 24, 2023
National Skills Network
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories
No Result
View All Result
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories
No Result
View All Result
National Skills Network
No Result
View All Result

How TalentSprint has accelerated careers in IT and banking sectors

by Madhuri Dubey
July 14, 2016
in Skill Story, Training partners

Some sectors like IT and Banking face a strange paradox of an over supply of employable graduates who fall short of meeting the industry requirements for different job roles. This abundance of talent needs further skilling and training to enhance their employability quotient. In this Skill Story, Dr Santanu Paul, MD and CEO, TalentSprint, discusses various factors that have landed us in the mismatch between aspirational value of certain jobs and the sociocultural aspects of skill development. Read on to know more about how TalentSprint has accelerated the corporate careers of more than 100,000 youth from various colleges in India.

India produces one crore graduates annually across all disciplines, and that’s growing at a rate of 15% a year. Imagine the challenge we will face in 2020, with about 2 crores graduates, with an employability rate of less that 10%. While there is a huge over supply of graduates, on the demand side the expectation of quality is getting higher which the colleges are not able to meet. In my view, it is like two landmasses are drifting apart and all attempts to close them have not worked well which is why there is a need for skill development as a discipline.TalentSprint 1Overall, we need very strong interventions. The white-collar knowledge sector jobs like IT, Banking are aspirational jobs simply because, India is a very status-conscious nation and we reward certain kinds of jobs. An IT job with Rs.20,000 salary is more respectable than an on-the-field sales job with Rs.40,000. We have become conditioned to value people less when they work with their hands or in the field, we value them more if they work with computers or in an AC environment. It’s not that we don’t have enough jobs, if everybody took up the jobs that are available in formal and informal sector, we wouldn’t have had a problem with employment.

Our problem is not just skill gap, we also have an aspirational gap. Unfortunately, 90% of youth are desperate to acquire 10% of the jobs. And people and not willing to take up 90% jobs that are available. And that is very hard to fix. Skill gaps can be fixed through training, but how do you fix mindset and mentality gaps? Dr Santanu PaulSantanu Paul TalentSprint

Hopefully, the aspirational issues will get addressed over time. This will need people to reflect on what skills are needed to earn a good and decent living, and work towards it. We have conditioned ourselves away from doing what we want to do, to doing what others want us to do. And therefore it is the classic Indian middle class dream of making engineers, doctors or CAs. Aspirations are normally created by people more upward than us; they become the role models. So, if a person who has been using a BMW car starts driving a Nano, it sets a new trend! Similarly, there could be new role models in jobs and careers in the coming years.

Business models for skill development in private sector

The skill development market is still undeveloped, because it is not playing by market forces; it is run by subsidies and government forces. TalentSprint has a different approach to skill development since we don’t depend on subsidized sectors. Since we focus on the knowledge sector with aspirational jobs and people are willing to pay for such training programs. But if you tell them you will train them to become a plumber or baker or construction supervisor that has low social reward, their attitude and response changes.

If we have to build a proper sustainable non-government dependent business model around skilling, that customers will pay for, then we need to go back to what the job seeker or customer wants. The customer is not the government; it is the job seeker. And if we don’t give the job seeker what they don’t immediately want then we would be doing a social service and not building a company.

If you focus on what people need, you cannot solve this. You somehow need to get people to do what they want. People don’t reflect on their true interests or aptitude; they are driven by external factors, figures that shapes their social behaviour. Counselling and advising helps very little. If you do it beyond a point, you will lose the customer.

The idea of industry-academic connect in IT sector is more like a misnomer. IT industry does not pay much attention to what the college ranking is. Most companies go to top ranking colleges like IIT, IIIT and NIT because they know that the students have high aptitude. There isn’t much emphasis on industry-focused research either. Hence the college-corporate relationship is primarily based on the consumeristic culture of placements.

Positive impact of TalentSprint

Fundamentally, we have managed to convey our value to the companies through quality and commitment. First, the companies get to hire students who have paid for their own training, which shows that they have a certain level of commitment towards learning. Second, TalentSprint does a great job in helping students understand what they want to do. So, the students are committed to the skill they want to learn. All our courses are blended – 60% deals with technical and domain specific skills, 40% are soft skills.

Third and most important, companies now value more just-in-time recruitment. Students pass out of college only once a year. If companies want someone in the middle of the year, they cannot go to colleges and ask students to start working for them – that’s where we come into the picture. Our batches start every month and each month, we have a set of students ready to enter the industry. Companies feel safe since they are confident about our talent supply and quality. The students have good scope to get selected by more than 700 companies scouting for right talent.

IT sector is one of those rare exceptions where we don’t need to go through sector skill council’s mandates. Therefore, in IT companies, before you create an Indian standard, the global standards already come up. We strongly believe in automated systems and digital technologies to reach more students and prepare them to meet global benchmarks in various skills.

Tags: aspirational jobsBanking skillsDr Santanu Paulemployability skillsengineering graduates placementengineering jobsengineers employabilityIIIT HyderabadIT industry IndiaIT skillsNSDC Partnerskill development business modelskill development private sectorTalent Sprint
Previous Post

Solving the tech talent crunch through industry-academia connect

Next Post

Skill Times – India’s first mobile app on skill development

 

Next Post
Skill Times mobile app on skill development

Skill Times – India’s first mobile app on skill development

Comments 1

  1. Pingback: TalentSprint expands WE program with enhanced support from Google

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our E-magazine and newsbytes

  • Trending
  • Comments
  • Latest
Siemens Technical Academy STA

Siemens Technical Academy (STA), Mumbai – German Dual VET transforms the lives of youth in India

October 8, 2018
10 best online learning portals in India for students and teachers

10 best online learning portals in India for students and teachers

June 26, 2020
Skill development government schemes in India

Top 10 organizations, missions and schemes for skill development, livelihoods and gainful employment

May 29, 2016
BSNL certified vocational internships

BSNL certified vocational internships for engineering diploma students

May 25, 2020
Siemens Technical Academy STA

Siemens Technical Academy (STA), Mumbai – German Dual VET transforms the lives of youth in India

284
Pradhan Mantri Kaushal Kendra PMKK

Pradhan Mantri Kaushal Kendra – PMKK

98
Recognition of Prior Learning RPL

Recognition of Prior Learning – RPL

81
B.Vocational Degree

B.Voc Degree Courses: What do they offer and who can apply?

79
TCS iON collaborates with Toonz Media Group to provide industry-aligned courses in the AVGC sector

TCS iON collaborates with Toonz Media Group to provide industry-aligned courses in the AVGC sector

March 23, 2023
Global Supply Chain Management

5 Ways Global Supply Chain Management drives business growth

March 22, 2023
NSN Weekly newsbytes on skills, education and training-21032023

NSN Weekly newsbytes on skills, education and training-21032023

March 21, 2023
Women in Manufacturing: Representation Matters!

Women in Manufacturing: Representation Matters!

March 20, 2023

About us

National Skills Network (NSN) captures and shares the positive impact of various training, skill development and vocational education initiatives in India.

To know more about Our Team: Click here

Follow us

Address

National Skills Network – NSN
NSN Digital Solutions Pvt Ltd.
Gachibowli, Hyderabad – 500032
Email us: contact@nationalskillsnetwork.com

Subscribe to our E-magazine and newsbytes

  • About us
  • Privacy Policy
  • Advertise with us
  • Contact

Copyright © 2023 National Skills Network - NSN

No Result
View All Result
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories

Copyright © 2023 National Skills Network - NSN

loader