India aims to skill 500 million people by 2022 to address massive skills gaps. The skilling industry is projected to be worth $100 billion but faces challenges in achieving quality, cost, and scale. Experts say collaboration between government, private sector, and education is needed to develop a sustainable model and address both technical and soft skills gaps.
India sits on an opportune moment in history, with a demographic
dividend of 65% of her human resource pool under the age of 35
with about 12 million individuals expected to join the workforce
every year. With the demographic dividend, comes the responsibility of equipping the youth with employable training and in turn, employment. Qualified and skilled human resources are most important propellant for economic advancement of our nation.
India Skills Report, which is a conscious, one-of-a-kind effort
to provide an insight into the hiring trends of the market while
understanding the needs of the job seeker and organizations.
The fifth edition of the report has reached out to about 5,00,000
students across 29 states and 7 union territories from the supply
side and corporate players from 12 diverse industry sectors on the
demand side.
From a million graduates every year, only 3% is appropriately employable
to skilfully accomplish productive jobs. About half of the country’s people
being young people; this presents a remarkable opportunity that can be
utilised for the social, economic and sustainable growth of nation.
Although, India boasts of having approximately 3.4 million skilled
manpower, but the country will need around 500 million skilled workers,
according to a report by ILO (Indian Labour Organisation) by 2022. This
proposition presents as an imperative national priority to be addressed by
addressing the issue of skill gap. Skill building is very important for making
the aim of “Make in India”, a campaign announced by Present Prime
Minister, Sh. Narendra Modi, a real success. This paper seeks to address the
issue of skill gap and strives to present some key suggestions for skill
building.
Keywords:
From a million graduates every year, only 3% is appropriately employable to skilfully accomplish productive jobs. About half of the country’s people being young people; this presents a remarkable opportunity that can be utilised for the social, economic and sustainable growth of nation. Although, India boasts of having approximately 3.4 million skilled manpower, but the country will need around 500 million skilled workers, according to a report by ILO (Indian Labour Organisation) by 2022. This proposition presents as an imperative national priority to be addressed by addressing the issue of skill gap. Skill building is very important for making the aim of “Make in India”, a campaign announced by Present Prime Minister, Sh. Narendra Modi, a real success. This paper seeks to address the issue of skill gap and strives to present some key suggestions for skill building. Keywords: From a million graduates every year, only 3% is appropriately employable to skilfully accomplish productive jobs. About half of the country’s people being young people; this presents a remarkable opportunity that can be utilised for the social, economic and sustainable growth of nation. Although, India boasts of having approximately 3.4 million skilled manpower, but the country will need around 500 million skilled workers, according to a report by ILO (Indian Labour Organisation) by 2022. This proposition presents as an imperative national priority to be addressed by addressing the issue of skill gap. Skill building is very important for making the aim of “Make in India”, a campaign announced by Present Prime Minister, Sh. Narendra Modi, a real success. This paper seeks to address the issue of skill gap and strives to present some key suggestions for skill building.
Skill development initiatives ankur srivastava (5179)Ankur Srivastava
A description about skill development in India. initiatives taken by government and adding data as proof from various websites related to skill development like, PMKVY, NSDC, CSDCI, Wikipedia etc.
This presentation was submitted as an assignment in RICS SBE in CPM course.
India sits on an opportune moment in history, with a demographic
dividend of 65% of her human resource pool under the age of 35
with about 12 million individuals expected to join the workforce
every year. With the demographic dividend, comes the responsibility of equipping the youth with employable training and in turn, employment. Qualified and skilled human resources are most important propellant for economic advancement of our nation.
India Skills Report, which is a conscious, one-of-a-kind effort
to provide an insight into the hiring trends of the market while
understanding the needs of the job seeker and organizations.
The fifth edition of the report has reached out to about 5,00,000
students across 29 states and 7 union territories from the supply
side and corporate players from 12 diverse industry sectors on the
demand side.
From a million graduates every year, only 3% is appropriately employable
to skilfully accomplish productive jobs. About half of the country’s people
being young people; this presents a remarkable opportunity that can be
utilised for the social, economic and sustainable growth of nation.
Although, India boasts of having approximately 3.4 million skilled
manpower, but the country will need around 500 million skilled workers,
according to a report by ILO (Indian Labour Organisation) by 2022. This
proposition presents as an imperative national priority to be addressed by
addressing the issue of skill gap. Skill building is very important for making
the aim of “Make in India”, a campaign announced by Present Prime
Minister, Sh. Narendra Modi, a real success. This paper seeks to address the
issue of skill gap and strives to present some key suggestions for skill
building.
Keywords:
From a million graduates every year, only 3% is appropriately employable to skilfully accomplish productive jobs. About half of the country’s people being young people; this presents a remarkable opportunity that can be utilised for the social, economic and sustainable growth of nation. Although, India boasts of having approximately 3.4 million skilled manpower, but the country will need around 500 million skilled workers, according to a report by ILO (Indian Labour Organisation) by 2022. This proposition presents as an imperative national priority to be addressed by addressing the issue of skill gap. Skill building is very important for making the aim of “Make in India”, a campaign announced by Present Prime Minister, Sh. Narendra Modi, a real success. This paper seeks to address the issue of skill gap and strives to present some key suggestions for skill building. Keywords: From a million graduates every year, only 3% is appropriately employable to skilfully accomplish productive jobs. About half of the country’s people being young people; this presents a remarkable opportunity that can be utilised for the social, economic and sustainable growth of nation. Although, India boasts of having approximately 3.4 million skilled manpower, but the country will need around 500 million skilled workers, according to a report by ILO (Indian Labour Organisation) by 2022. This proposition presents as an imperative national priority to be addressed by addressing the issue of skill gap. Skill building is very important for making the aim of “Make in India”, a campaign announced by Present Prime Minister, Sh. Narendra Modi, a real success. This paper seeks to address the issue of skill gap and strives to present some key suggestions for skill building.
Skill development initiatives ankur srivastava (5179)Ankur Srivastava
A description about skill development in India. initiatives taken by government and adding data as proof from various websites related to skill development like, PMKVY, NSDC, CSDCI, Wikipedia etc.
This presentation was submitted as an assignment in RICS SBE in CPM course.
Highlighting the government’s focus on Skill Development to achieve economic & social development through the country’s huge active population (between 15-45 years), the presentation details the changing scenario of the skill development sector in India and the state of Gujarat.
CII & Telecom Sector Skill Council organize seminar on ‘Fostering skilling an...Connect Broadband
Confederation of Indian Industry (CII) and Telecom Sector Skill Council organized a seminar on the theme of ‘Fostering Skilling & Employability’ at CII Headquarters here today.
With a headcount of around 1.4 billion in 2015, India is expected to become one of the most populous nations by 2025. The country’s population pyramid is expected to “bulge” across the 15–64 age bracket over the next decade, increasing the working age population from approximately 761 million to 869 million during 2011–2023. Consequently, until 2020, India will experience a period of “demographic bonus”.
India needs to poise itself to take advantage of this “demographic bonus”. Today, India has to focus on increasing the skilled workforce in the country, which is a dismal 2 per cent compared to 96 per cent in South Korea, 80 per cent in Japan and 75 per cent in Germany.
Given the thrust on landmark reforms like “Make in India”, both Government and industry have endorsed that the focus on Skill Development has to take priority.
Given the structural changes and the industry friendly policy changes, the January issue of the Policy Watch is a sincere endeavor to get sectoral industry views on skill development through the voices of the Chairmen of National Committees and Regional Chairmen of the various skill Sub-Committees.
Signaling value of Skills Education and Hands-on Jobsvaluvox
India ranks among the lowest in percentage of students enrolled for Skills Education. To get some perspective China has about 10 times, and Germany 14 times the percentage of students undergoing vocational training every year.
In the 15-29 year age group, among those in the hands-on labourforce, only 2% would have been formally trained and 8% acquire skills on the job. And of those that receive formal training only 3% secure employment. The starkness of the picture is apparent when one considers the numbers at hand – 12.8 million people entering the workforce every year.
The cost of an ill-trained workforce? Poor productivity. Despite appreciable improvements, workforce productivity for India is amongst the lowest, not just in the world but within Asia as well. The demand-supply mismatch – in terms of the inability of education to be able to feed employable skills into employment – is grave.
Human resource is an essential determinant of economic growth and development. It consists
of different factors like education, health, migration, vocational training and (information
technology) IT development vocational training and skill development are among them.
Vocational training improves the productivity and production and enhances the efficiency of
the labour force. This paper attempts a study of skill development to facilitate higher growth
in economy.
Slides outlining results of Skillset's research in 2010 and 2011 on digital skills gaps and shortages for the publishing industry. Produced for the digital skills event run by the Society for Young Publishers, June 2011
Highlighting the government’s focus on Skill Development to achieve economic & social development through the country’s huge active population (between 15-45 years), the presentation details the changing scenario of the skill development sector in India and the state of Gujarat.
CII & Telecom Sector Skill Council organize seminar on ‘Fostering skilling an...Connect Broadband
Confederation of Indian Industry (CII) and Telecom Sector Skill Council organized a seminar on the theme of ‘Fostering Skilling & Employability’ at CII Headquarters here today.
With a headcount of around 1.4 billion in 2015, India is expected to become one of the most populous nations by 2025. The country’s population pyramid is expected to “bulge” across the 15–64 age bracket over the next decade, increasing the working age population from approximately 761 million to 869 million during 2011–2023. Consequently, until 2020, India will experience a period of “demographic bonus”.
India needs to poise itself to take advantage of this “demographic bonus”. Today, India has to focus on increasing the skilled workforce in the country, which is a dismal 2 per cent compared to 96 per cent in South Korea, 80 per cent in Japan and 75 per cent in Germany.
Given the thrust on landmark reforms like “Make in India”, both Government and industry have endorsed that the focus on Skill Development has to take priority.
Given the structural changes and the industry friendly policy changes, the January issue of the Policy Watch is a sincere endeavor to get sectoral industry views on skill development through the voices of the Chairmen of National Committees and Regional Chairmen of the various skill Sub-Committees.
Signaling value of Skills Education and Hands-on Jobsvaluvox
India ranks among the lowest in percentage of students enrolled for Skills Education. To get some perspective China has about 10 times, and Germany 14 times the percentage of students undergoing vocational training every year.
In the 15-29 year age group, among those in the hands-on labourforce, only 2% would have been formally trained and 8% acquire skills on the job. And of those that receive formal training only 3% secure employment. The starkness of the picture is apparent when one considers the numbers at hand – 12.8 million people entering the workforce every year.
The cost of an ill-trained workforce? Poor productivity. Despite appreciable improvements, workforce productivity for India is amongst the lowest, not just in the world but within Asia as well. The demand-supply mismatch – in terms of the inability of education to be able to feed employable skills into employment – is grave.
Human resource is an essential determinant of economic growth and development. It consists
of different factors like education, health, migration, vocational training and (information
technology) IT development vocational training and skill development are among them.
Vocational training improves the productivity and production and enhances the efficiency of
the labour force. This paper attempts a study of skill development to facilitate higher growth
in economy.
Slides outlining results of Skillset's research in 2010 and 2011 on digital skills gaps and shortages for the publishing industry. Produced for the digital skills event run by the Society for Young Publishers, June 2011
Skilling In India PPT- Presented at the International Conference hosted by D....Edulight Learning Services
Presentation on Skilling In India by Mr. Jeetendra Nair, CEO & M.D. of Edulight at the One Day International Conference hosted by D.A.V College on 7th March 2015.
http://jeetendranairwordpress.com/2015/12/18/international-conference-at-d-a-v-college-7th-march-2015/
In 2014, the Monash University Foundation Year Subject Review identified that the assessment currently being used in the English course was not appropriately assessing student ability. As a consequence, the Program Development and Quality Unit oversaw the introduction of an ePortfolio as a major assessment item, allowing for both formative and summative learning practice to be valued. The reviewed curriculum requires students to develop an ePortfolio of learning evidence documenting the development of academic skills in preparation for articulation into university. Specific challenges regarding authentication, academic integrity, global locations and platforms and development of specific criteria and rubrics have necessitated a completely new and creative view of assessment in the pre-university environment.
Skills Development for MSMEs: Mapping of Key Initiatives in IndiaAnup Kumar Das
Skills Development for MSMEs: Mapping of Key Initiatives in India. Presented in the 2013 Asian Conference on Innovation and Policy, New Delhi, India, August 2013.
Centum Learning, a leading training & development multinational offers end-to-end training & skilling solutions. Our aim has been to cater best training services to bring excellence to our clients.
Focus on design, else we may create screwdriver technicians in name of skillingRaj Narayan
The vision of the skill development policy is to create an ecosystem of empowerment by skilling on a large scale at speed with high standards and to promote a culture of innovation-based entrepreneurship which can generate wealth and employment so as to ensure sustainable livelihoods for all citizens.
The industry is growing very fast. They demand highly accomplished graduates with accomplishment. The engineering institutes have to modernize the workshops, laboratories and computer centers. The need to be developed through industry specific skills in planning, designing, developing prototypes testing, and refining. They should be innovators.
Start a Skill Development Training Centre. Best Education and Training Sector Business Ideas.
India has one in every of the biggest technical work force within the world. However, compared to its population it's not significant and there's a tremendous scope of improvement during this area. In India, the emphasis has been on general education, with vocational education at the receiving end. This has resulted in large number of educated folks remaining unemployed. This phenomenon has currently been recognized by the planners and therefore there's a larger thrust on vocationalization of education. Another shortcoming within the area of technical and education is that until currently, the number of engineers graduating is more than the diploma holders. This is often creating an imbalance, as additional workforces are required at the lower level.
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AISECT’s ROLE IN IMPARTING SKILLS AND CREATING A GLOBAL WORKFORCEAbhishekRaghav19
These are just some out of the thousands of testimonials and success stories of the skill development programs in india which clearly shows how we are becoming self-sufficient and powerful as a nation by empowering our workforce. That’s the reason why AISECT has taken skill development very seriously by tieing up with NSDC.
Education sector's growth lies with its talentPeopleWorks IN
Macroeconomic trends perking the newsstands are usually ignored by many of us as a buzz of the newspapers. However, each one of us plays an important role in shaping the future of our economy. The educational sector is thus a lucrative sector. Streamline the talent of your educational enterprise with the magic wand of technology, ensuring smoother workflow. Ensure efficiency by micro organizing employee data, trigger productivity and growth of the educational enterprise. Shift the focus from the attrition mode towards the effective employee engagement mode!
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The Government has initiated the launch of a national Multi-Skill programme called Skill India.This programme would skill the youth with an emphasis on employability and entrepreneur skills.It will also provide training and support for traditional professions like welders, carpenters,cobblers, masons, blacksmiths, tailoring, nursing and weavers etc. We also need skilled personnel in various areas like, construction, real estate, textile, transportation, jewelry designing, gem industry, tourism, banking and various other sectors. Skill development raises the confidence, gives direction and improves productivity. Youth should be groomed towards blue collar jobs.
Detailed knowledge about skill Ecosystem in India. The root Causes, the problem, ideas to change the current skill ecosystem, the factors that can contribute in the development of Nation.
Leadership is one of the driving factors that determine organizational effectiveness and progression. In the VUCA world, the required leadership competencies have become
more comprehensive than ever before. Therefore, leadership development transcends the traditional concept of development of just an individual; it’s much more that today
The talent acquisition function has seen an upside-down transformation with technology and data being at the core and bringing the true relevance of effective recruitment partnerships to light. Talent partners are evolving from being an external support to becoming an indispensable part of organizations.
Learning & Development Service Providers slide_share_2014People Matters
The future of learning in the coming months will be described by several disruptive movements challenging traditional learning delivery methods. New technologies and expectations will bring forth mobile, experiential, gamified, simulated, and pervasive learning to the core of the L&D universe
6 months of a rigorous selection process with 1400+ applicants, we finally have the Emerging Future HR Leaders. The Are You In The List? 2013 unleashed on 30th January 2014.
Total rewards service providers slide_share_2014People Matters
With talent taking the centre-stage in CEO’s agenda, it is time that Indian organizations use every tool at their disposal to attract and retain talent as the expectations of employees are at an all-time high. An ideal Total Rewards plan is the perfect blend of tangible and intangible rewards. Traditional reward patterns will not work as the workforce in most organizations is multi-generational. ESOPs, integrated healthcare benefits, work-life balance, non-cash
rewards are some of the rewards that companies can use to engage the employees.
Lay-offs can affect the working culture of a company and impact its future success. A necessary business pain, it is time to make it an integral part of a business strategy
As whistle-blowing has proven to be the most effective way to prevent fraud, companies especially those in India need to develop strong robust systems that would encourage employees to speak up
Design Rewards That Truly Matter Slide-sharePeople Matters
An effective total rewards strategy requires deep understanding of what the CEO and employees really value. Read more to know experts' views on Total Rewards Designs that truly matter.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
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➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
1. IN NEED OF SYNCHRONY What started as an academic theory in 2007 – that India will need to skill 500 million (50 crores) people by 2022 – is today a reasonable target accepted by Government, policy makers and industry. Giving birth to one of the larger entrepreneurial opportunities of today – a (projected) USD 100 billion ‘Skilling Industry’ that is attempting to bridge a humungous skills gap. INDIA’S SKILLING INDUSTRY
2.
3. “ 36 projects have been approved by NSDC to skill 55 million people in the next 10 years.The total estimated turnover of the 30 projects (plus 6 are sector skill councils), is estimated to be Rs. 78,000 crores.” Dilip Chenoy, CEO and MD, NSDC Projections made by NSDC As projected by the Human Resources and Skill Requirement in Education & Skills Development Sectors in 2022 Report by NSDC, “the existing skill gaps in 20 high-growth sectors & the unorganized sector is slated to increase the demand for skilled people anywhere between 25% and 85% depending on the nature of the industry”.
7. Challenges to India’s skilling industry Education in India is viewed as a passport for class –upgradation “ Firstly, the present education system is only creating educated unemployment, & secondly, the problem lies in the acceptability of vocational courses.” - Sharad Talwar, CEO, IndiCan Education This scale and size has never been done before “ There are two issues: firstly, how do we mobilize this vast disparate segment and secondly, how do we monetize this opportunity by cracking an unique revenue model.” - Sanjeev Duggal, CEO and Executive Director, Centum Learning
10. “ Success in skilling industry is impossible unless there is integration of skill development and the formal education system. Moreover, it demands a collective effort by varied government initiatives like MES (Modular Employable Skills), PPP (Public Private Partnership), National Vocational Qualification Framework and large and small scale private players.” Kapil Sibal, Union HRD Minister Expert comments
11. Expert comments “ The regulator should be the private industry” India will require 12-13 million job additions every year but this has not been possible because the industry does not recognize certification. The industry must mandate certification. Hari Menon , CEO, IndiaSkills The innovation of Human capital will play a central role in what I call “country competitiveness” , which will be the single defining factor for us to succeed as a global country or to fail. Vineet Nayar, Vice Chairman & CEO, HCL Technologies
12. Expert comments Until players in the skilling field look at the urban-non-poor as one sector and the rural-tribal-poor as another sector , they will not capitalize on the whole opportunity. Meera Shenoy, Executive Director, Centre for PWD Livelihoods and Wadhwani Foundation “ Value creation, empathy and a future outlook” The three critical success factors applicable in the industry are: ability to bring a unique value proposition; ability to empathize with the students; and the ability to look into the future as all industries live in the present . Uma Ganesh, CEO, Global Talent Track
13. Expert comments “ The industry is still fragmented & unstructured” There are three drivers determining how the industry will evolve: first is the quality of students. Secondly, a clear over-capacity in engineering and management institutes. Thirdly, there is some kind of legislative pressure. Amit Bhatia, Founder & CEO, Aspire India “ Getting a job is not enough” The biggest problem is that we do not have a sustainable model running the employability program. Only when the candidate succeeds can they create a pipeline for others to come in. T. Muralidharan, Chairman, TMI Group
14. Expert comments “ There is a need to address the technical skill gap” When talking about skill development, India requires to focus on both engineering skills and soft skills. There are not sufficient companies which have taken charge of addressing the technical skill gap. Mukesh Sharma, CEO, CRISP “ Huge growth and challenges ahead” As identified by NSDC, the extent of informal employment is estimated to be about 92% between 2008 & 2012. This indicates the importance of the informal sector and the need for skill building therein. Santosh Choubey, Chairman & Managing Director, AISECT
15. Expert comments “ Industry should take charge of talent as part of their own supply chain.” If you look at the demographics of the world, one finds that the countries that are richest in terms of GDP per capita actually have a shortage of human capital. Arun Maira, Member, Planning Commission, Govt. of India “ Industry should recognize skill development & certification.” The growth and future of the skilling industry actually depends on how the industry takes to ensure it and recognize certification. There are many players in the industry doing a lot of innovative things, and I think it should be left like that. Sougata Roy Choudhury, Director - Skills & Affirmative Action, CII
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