Indian labor market Rural workers , who constitute about 60% of the workforce Organized of the formal sector, that constitutes about 8% of the workforce, and Urban unorganized or informal structure which represents the 32% of the workforce. Source: http://industrialrelations.naukrihub.com/labor- market.html
Indian labor market Self-employment and casual labor statuses are more prevalent among rural than urban labor force and among female than male workers. The Incidence of unemployment is higher in the urban than in the rural labor force with nearly 48 percent of the total unemployed persons coming from aggregate urban labor force whose share in total (rural plus urban) work force is 22 per cent. Those reporting wage and salary earning dominate in the urban labor force, their share being around 62 per cent. Source: http://industrialrelations.naukrihub.com/labor- market.html
Employment Outlook Survey for the first quarter 2012 was conducted by interviewing a representative sample of 4,556 employers in India. All survey participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of March 2012 as compared to the current quarter?” Results of the above survey Source: http://www.ibef.org/download/MEOSQ112-60112.pdf
Opportunity There is a huge potential of low wages workers in India who either do not have adequate information or, do not have adequate platform to search for their jobs. And that’s is the reason they are getting deceived by contractors, commission agents, employers, etc. And on the Other Hand, employer are concerned on• The reliability of the workers,• High attrition rate,• Higher theft cases,• Guarantee of workers
Evolvement Of IdeaAn Idea “A Job hunt platform for low wages workers in India”.The Challenges• Workers can not access internet• How the communication between workers and employers will take place?• How to maintain reliability among employers and workers?• How to compete with contractors and other competitors?• What other values we can provide to this solution?• What are the risks and uncertainties?• Market Study
Survey Results Age Group of Workers 18-28 28-40 40-60 60+
Survey Results Present Sources of Hiring Registered Agencies NGOs Contractors Personal Contacts
Survey Results Issues of Employers Attrition Fake Identity of Workers Cases of Theft Ignorant about Employment benefits
Survey Results Issues of Workers Tough to get to know about Job Opportunities Dissatisfied with Contractors/ Agencies Lack of New Opportunities
A Million dollars Solution• The communication with workers will be provided by telephonic system. This would be an automatic telephonic system which will automate the profile creation and the same audio will be attached with worker’s profile as well.• As some of the workers will not be able to bare the cost of a telephone call, we will provide toll free numbers.• A job portal will be the interface for employers to screen and search for good resources.• We would provide an extensive service of workers verification and each worker will go through our development program as well.• We would have fare opportunity for good contractors, Agents, NGOs, etc.• We would also provide worker development plans for different sources of workers to help them do better.
Need your Blessings This is a noble cause where we will be working for the sake of giving better life to low wages workers and will try to develop them so that our country can grow with them. Bless us for this novel cause. THANK YOU!