Need to tap rural talent
Need to bridge existing gaps |
Workforce requirement
There is a huge demand for a low cost & well-trained workforce across industries as India prepares to be the largest provider of human resource to the world. There will be a requirement of ~20 mn people across Retail, MFIs, IT/ITes, BFSI and a few other sectors within India over the next 2-3 years for entry level jobs.
Lack of trained employees
However, penetration of training in these sectors ranges from 5% to 30% resulting in lack of trained employees and thus low levels of productivity.
Urban youth - Far more expensive
Huge majority of the trained population in India belongs to urban India where the average salary of the urban youth is over 50% higher than the rural youth.
Thus, there is a crying NEED to reach out to rural youth for specific entry level jobs* in urban as well as rural areas. India needs to capitalize on its vast pool of human resource which is lying unutilized in its rural homes.
*Jobs with salary in the range of INR 5,000 - 10,000 per month.
|