The American writer, Brian Herbert, quite aptly said – “The capacity to learn is a gift; The ability to learn is a skill; The willingness to learn is a choice.” It could not hold truer than today, when skill development in India has become the need of the hour.
With over a billion people, we’re a country that currently enjoys the benefits of the demographic dividend. The economy is growing and so are industries; therefore, the need for talent is greater than ever before.
With the growth in the economy, the BFSI sector is gaining new grounds and is expanding into tier-1 and tier-2 cities; also, micro finance as a prospective growth sector is being explored. Opportunities in the operations, sales and marketing and support functions are growing manifold.
However, a great divide exists between the youth available for employment and the employable talent. Although there are growing opportunities, fewer youth possess the requisite talent.
This was an important point of discussion at the first ever annual student convocation. Dilip Chenoy, former Chairman, NSDC, made a point of tremendous consequence about how Prime Minister Narendra Modi has been advocating the idea of convocations for vocational and other training programs.
A mandate by the Prime Minister’s Office says that by 2022, India should have 500 million skilled employees across various sectors.
Chenoy said, “According to an Aspiring Mind survey of 300 plus MBA colleges, only 8% of those who had specialised in finance were actually employable in that sector,” adding that deficiency has been because of lack of practical experience.
Notably, out of the 11 million students that graduate from colleges every year, only 20% get relevant jobs according to their skill sets. Another report notes issues such as lack of knowledge of the industry, sales effectiveness and communication as some of the skill gaps in the BFSI sector.
According to Chenoy, in the working world today, the basic “ASK” required for a job is “Attitude, Skill and Knowledge”. This is where institutions such as TimesPro come in and work with the youth and help build the talent pool. With its focus on the overall development of its students, the institute has made its mark by placing students in some of the best financial institutions in the country.
Students at TimesPro tend to agree.
Mohit Arora, who currently works with ICICI Wealth Management in New Delhi, says he was not very aware of the Banking industry. His willingness to move out of the BPO domain and the opportunity that the institute provided him, along with the training from the best in-class educationists, only made him more employable.
Anish Srikrishna, President, Times Centre for Learning Limited, agrees and notes that its mission is one with the government’s, which is to skill India and educate our youngsters for the infinite opportunities that lie ahead.
“Our success will lie chiefly in our ability to scale high quality learning through technology without losing the personal touch of the teacher and our traditional methods of teaching,” he told the students during the convocation.
For many others like Mohit, the time spent with us will help them in acquiring the necessary skill-based training and grooming to increase their chances of being absorbed by banks and other financial institutions.
At TimesPro we are moving on a growth path with its introduction of programs such as digital marketing, big data analysis, media and entertainment.
“We will also provide ongoing mid-career training opportunities for senior executives to address specific gap areas,” said Anish during the convocation.