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I360 Weekly digest 16 may to 21 may
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I360 Weekly digest 16 may to 21 may

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i360 Staffing & Training Solutions is a vocational training institute started in 2008 with the aim of reducing the gap between employers’ expectations and the available talent pool, by providing …

i360 Staffing & Training Solutions is a vocational training institute started in 2008 with the aim of reducing the gap between employers’ expectations and the available talent pool, by providing necessary training to improve employability.

i360 is an eminent name facilitated by the promoters of Unicon Investment Solutions. With number of operational centres across India & constantly expanding, i360 is a fast paced Training Solutions Company, offering industry specific custom designed courses to the students/ corporates.

Our courses have evolved after intensive R&D and market research. Since we understand the requirement of the organizations and capabilities of the students, therefore, we try to bridge the gap between the employer and the employee. Students can experience effective and easy learning at i360.

We believe in following stringent and unimpeachable principles. With the distinctive mixture of right aptitude, motivated and devoted team we yearn to serve world class qualitative education. Their skill and dedication is adding to the success of the company. i360 also assures bright career assistance to every promising student.

Considering the continuous and remarkable growth in Finance & Accounting, Retail sectors, i360 is offering different courses in Financial Accounting, Retail Management, Call Centre Training, IELTS, Career Development, Spoken English and various other courses for corporates.

"There are plenty of employment opportunities available and they are expected to grow faster than the average." Ms. Sonia Nagpal cited a study by ICRA, which states that up to 25 crore(rpt) skilled workers would be required over the next 12 years to cater to the demand in 20 high-growth sectors and the unorganized segment.

Companies want to recruit employees with proficient managerial and communication skills. Therefore, keeping these points in mind i360 is offering various courses to the students and corporates. After completion of these courses one can explore the opportunities available in the market. In the learning atmosphere of i360 student can groom their personality and learn many fruitful things under the guidance of competent and resourceful faculty.

i360 does have multilevel corporate engagements; starting from student placements to trainings to academic endorsements. All these associations directly or indirectly add value in a student's career. Presently, students of i360 are working with brands like Vodafone, Airtel, Pantaloons, Haldirams, Unicon, Asian Paints, Erricson to name a few…

Join us on Facebook: http://www.facebook.com/i360Institute
Follow us on Twitter: www.twitter.com/i360staffing
Connect with us on linkedin: http://www.linkedin.com/company/i360-staffing-&-training-pvt.-ltd.

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  • 1. MAY 16th – MAY 21st Scope of Vocational Education TrainingWith the increasing demand for more and more skilled workers, businesses around the globehave essentially helped create resurgence and renewed enthusiasm for vocational education. Vocational education as a whole is an incredibly diverse and detailed topic, involving research from a wide variety of sources and references to much more specific topics on occupational programs, training, and career paths. Vocational educators around the country believe trade schools are making a strong comeback because many businesses have a desperate need for skilled workers.With all these changing requirements, students are now beginning to get more and moreopportunity to learn not only standard book knowledge, but how to apply that knowledge, getan actual chance to apply that knowledge in many cases, how to interact and be productive inthe workplace, and how to be trained for the environment they will soon be working in.As per government’s plans, of the 15 million students who need vocational education everyyear, about 5 million students would be provided initial training by strengthening existing VET(Vocational Education Training) Institutions and setting up new VET Institutions. The remaining10 million students would be trained through non-formal/informal mode. The Government alsoplans to encourage the participation of the private sector and NGOs in a number of areas suchas improvement of facilities and resources of VET institutions/centers, development ofskills/standards, training packages, competency-based curricula and instructional materials,conducting tests, and providing joint certification.There are about 1.6 million people employed in India’s organised retail sectorand another 2-4 million new recruits are expected in the next 5 years. Almost90 per cent of these are expected to be in front-end jobs where vocationaltraining is most required. The current in-house capabilities and outsidetraining institutes are not equipped to impart skills to this large number. Thebiggest skill-gaps exist in areas such as:• Sales and customer management• Store maintenance Mr. Sumit Bajaj, Head- Marketing• Visual merchandising i360 Staffing & Training Solutions Pvt. Ltd
  • 2. Traditional V/s Modern TeachingToday, teaching is becoming more a commodity freely available in the marketplace acrossdiverse geographic locations; in one’s own language, according to one’s level ofunderstanding, time available and increasingly becoming more pocket friendly for the learner.Also, educational governance is becoming more and more electronic in nature. We have theelectronic frameworks for online admission, online learning, online testing, online recruitment,online fee payment, online certification etc. that have come up making the task of imparting theeducation a lot more easy for the learner as well as the educationist. This has helped to makeeducation not a one time learning experience but a lifelong process promising every time todeliver the required results to the learner as per his requirement in real time and with a greatease. While all this looks charming, theutility of traditional chalk and board teaching can never be undermined. It has a tremendousvalue of its own. Electronic training, no matter how much advanced it might become, can nevermatch the capabilities of a good trainer. The Learner learns not only through what is taught tohim by the teacher but also how it gets taught. Scientists are of the view that a learner typicallylearns 80% from the emotions. When any data is attached to the emotions, the chances of hisremembering it are increased three folds.
  • 3. A result oriented teaching methodology, thus, would be the one that makes a blend of theabove two approaches i.e. traditional as well as modern teaching. At i360, we are gearing upfor just that. The learner is being given a kind of an environment that enables him to developcomplicated skills of English, Finance etc. at a very fast pace and in a very easy fashion.The short term courses of 1-1/2 months, 3 months etc. in English can be much more beneficialfor the learner than those that run into years. The learner is able to develop confidence notonly in terms of English grammar etc. but also in terms of its usage in the day to day activities.Similarly, in accounts, we are churning out computer ready accountants using the samemethodologies. We are able to arouse the interest of the learner to such an extent that hebegins to learn and develop himself on his own.No wonder, we have churned out many satisfied learners in the past many years.Rohit VenaikHead- Retail Salesi360 Staffing & Training Solutions Pvt. Ltd
  • 4. Learning, and not Teaching, is the objective ofEducation"Education is an admirable thing, but it is well to remember from timeto time that nothing that is worth learning can be taught."-- Oscar WildeTraditional education focuses on teaching, not learning. It incorrectlyassumes that for every ounce of teaching, there is an ounce oflearning by those who are taught. However, most of what we learnbefore, during, and after attending schools is learned without itsbeing taught to us. Most of what is taught in classroom settings isforgotten, and much of what is remembered is irrelevant in thepractical world.In most schools, committing something to memory is mistaken for learning. Why shouldchildren -- or adults, for that matter -- be asked to do something computers and relatedequipment can do much better than they can? Why doesnt education focus on what humanscan do better than the machines and instruments they create?Education has been commoditised via the concept of teaching, which seeks to force theacquisition of certain knowledge on students. The aim of teaching as people are often told is toprepare them to work in particular sectors of the economy. These people don’t have to likewhat they are taught as the ultimate goal is economic, i.e. to earn a living. Contrast this withreal learning, which comes from within and is driven by a desire to create a perspective out ofour world view.Imagine what would happen in a school where the faculty and administration considered theirjob to be empowering students to learn (not teaching). Empowering students to learn would putthe responsibility for learning back where it always should have been - on the student. And itwould require that the subject matter actually be relevant to each student rather than be forcedupon him/her. Perhaps, it would turn around the horrendous dropout rate because now kidswould be energized to achieve something they want to pursue rather than walk through theday (years) doing what someone has told them to do.When those who have taught others are asked who in the classes learned most, virtually all ofthem say, "The teacher." It is apparent to those who have taught that teaching is a better wayto learn than being taught. Teaching enables the teacher to discover what one thinks about thesubject being taught.
  • 5. In the educational process, students should be offered a wide variety of ways to learn, amongwhich they could choose or with which they could experiment. They do not have to learndifferent things the same way. They should learn at a very early stage of "schooling" thatlearning how to learn is largely their responsibility -- with the help they seek but that is notimposed on them.There are many different ways of learning; teaching is only one of them. We learn a great dealon our own, in independent study or play. We learn a great deal interacting with othersinformally -- sharing what we are learning with others and vice versa. We learn a great deal bydoing, through trial and error. Long before there were schools as we know them, there wasapprenticeship -- learning how to do something by trying it under the guidance of one whoknows how. For example, one can learn more architecture by having to design and build onesown house than by taking any number of courses on the subject.In keeping with all historic attempts to revolutionize the social order, the elite leaders whoformulated the strategy, and those who implemented it, perverted the language, using termsthat had attracted a great deal of respect in new ways that turned their meanings upside down,but helped make the new order palatable to a public that didnt quite catch on. Every word --teacher, student, school, discipline, and so on -- took on meanings diametrically opposed towhat they had originally meant.Today, there are two worlds that use the word education with opposite meanings: one worldconsists of the schools and colleges (and even graduate schools) of our education complex, inwhich standardization prevails. In that world, an industrial training mega-structure strives toturn out identical replicas of a product called "people educated for the twenty-first century"; thesecond is the world of information, knowledge, and wisdom, in which the real population of theworld resides when not incarcerated in schools. In that world, learning takes place like italways did, and teaching consists of imparting ones wisdom, among other things, to voluntarylisteners.Garima GuliaHead- Academicsi360 Staffing & Training Solutions Pvt Ltd
  • 6. Chartered Accountancy & its prospectsWith the rapid growth in Indian economy and multinationals setting up operations in India,careers in finance and accounts look extremely promising. Aspirants, who truly want to make itbig in the world of accounts and finance, must qualify as Chartered Accountants. CharteredAccountancy is a stressful, challenging and yet highly rewarding profession.The Institute of Chartered Accountants of India (ICAI) is both an examining and a licensingbody. The institute conducts the Chartered Accountancy exam. The course involves a blend oftheoretical education and practical training for a period of three years with an establishedauditor which run concurrently. This combination of theory and practice endows a student withthe required knowledge and skills to function as a professional accountant and a finance headpost qualification.CA course has three phases - Competency Professional Test (CPT), ProfessionalCompetency Course (PCC) and Final examination. The registration for CPT and PCC isopen throughout the year. After passing the Professional Competency Course (PCC),candidates are eligible for registration as articled clerks/audit clerks for practical training.A candidate aspiring to become a Chartered Accountant must have passed the SeniorSecondary Examination (10+2) before registering for the course. ICAI has nearly fifteenbranches spread all over the country. A Chartered Accountant (CA) becomes an expert in
  • 7. accounting, auditing and taxation. According to the Company Act, only a qualified CA inprofessional practice is allowed to be appointed as an auditor for limited companies in India.Qualified Chartered Accountants can expect a starting salary upwards of Rs. 30000 and canaspire to earn astronomical sums as they progress in their career to reach the top levels. Acareer in CA provides you a high pedestal for employment with big corporate houses. As amatter of fact, the chances of ascending the corporate ladder to reach top corporate positionsare much better for a Chartered Accountant than even a Cost Accountant. Qualified CharteredAccountants are in great demand as the pass percentage in this tough exam is very low. Thus,Chartered Accountants are an enviable lot as they leave jobs frequently due to continuedbetter prospects.Ajay AroraAsst. Product Manager (Finance),i360 Staffing & Training Solutions Pvt. Ltd
  • 8. The Changing Face of the Indian Retail IndustryIndia is fast becoming the retail destination of the world. According to the internationalmanagement consultant AT Kearney, India has emerged as the leader in terms of retailopportunities. The retail market in India isanticipated to grow to 427 billion USD bythe year 2010.However, the face of the Indian retailindustry is changing. India is passingthrough a retail boom today. A number ofchanges have taken place on the Indianretail front such as increasing availabilityof international brands, increasing numberof malls and hypermarkets and easyavailability of retail space. With the Indiangovernment having opened up the doorsfor FDI, the entry of foreign retailers into the country has become easier. India has come a longway from the traditional Kirana stores and is on its way to becoming a ‘mall country’. Theemphasis has shifted from reasonable pricing to convenience, efficiency and ambience.The major factors fuelling this change are the increase in disposable income of the people,improving lifestyles, increasing international exposure and increasing awareness among thecustomers. India has a large middle class as well as youth population, which has contributedgreatly to the retail phenomenon. The middle class is considered to be a major potentialcustomer group. The youth are perceived as trend setters and decision makers. Touristspending in India is increasing, which has also prompted the retail boom.Food and grocery are the two categories in the Indian retail sector, which offer the mostpromising opportunities. Apart from this, the other areas where there are vast possibilities forIndian retailers are jewellery, apparel and consumer durables. Indian retailers are also trying tocreate a niche for themselves in areas such as books, gifts and music. The Indian retail industry is going through a period of golden sunshine.
  • 9. Fibre2fashion discusses certain issues concerning the Indian retail industry with Mr. AndreasGellner, Managing Director, Adidas India:Mr. Gellner, expressing his view on the present scenario in the Indian retail sector, states thatby now, it is fair to assess that the outlook is very bright, but currently, the potential anddynamics are somehow over hyped. Undersupply of suitable spaces and manpower has drivenboth critical cost components to levels where it is very difficult for many retailers to makeprofits (not to talk about generating funds for further expansion). The service tax on rentals, ofcourse, was the final blow to many profitability models.He went on to further state that the long-term future is very promising, but the next few yearswill remain extremely challenging. While speaking about the current mall culture in India, hebelieved that the malls are places to congregate and spend time for shopping and otheractivities have been well accepted.Source: http://www.importerbase.com