This financial year, LabourNet is poised for global expansion and quality control
Greetings to our readers as we begin a new chapter this financial year!
The last financial year witnessed significant alignment of skilling initiatives with tangible livelihood improvement. As we enter the first quarter of a new financial year, Labournet is gearing up for major breakthroughs in the international sector. We are also taking a deep dive into the issues of quality of training delivered by LabourNet to perfect it further in order to achieve Employability, Education and Entrepreneurship.
Enduring relationships with CSR partners
As companies continue to take responsibility for skill development and livelihood enablement through their CSR initiatives by partnering with us, we will strive to channelize these funds in the best possible manner with the industry in order to create tangible opportunities for individuals through skilling. We look forward to forging and strengthening relationships with new and existing partners sharing common goals.
Introduction of Sectoral Index for better accountability
With the commencement of this financial year, we remain focused on the quality of our delivery across all verticals and every solution we offer. To this effect, we have introduced Sectoral Index with which we hold ourselves accountable in every sector, viz. auto, leather, agriculture, beauty & wellness, banking, construction, etc., and maintain quality of the training imparted at all times. Vital parameters like productivity and wastage will be monitored closely in order to achieve sector-wise productivity increase.
Livelihood Index for quality training
The impact of our training on livelihoods will be monitored with our Livelihood Index. Operating in 200 geographical clusters requires periodic analysis of metrics that will help make our training worthwhile for the individuals we impact in those clusters. Close study on parameters like wages, confidence level vis-à-vis socioeconomic status, regular source of income, number of jobs managed by an individual within and across sectors, etc., fall within the scope of our Livelihood Index. These post-training metrics will help us strengthen our training capabilities that will, in turn, result in bringing about real change in terms of employability and entrepreneurship.
We hope to achieve more full-time and part-time placements and entrepreneurial ventures through our focused training in each sector. In the upcoming quarters, we are looking forward improving the livelihoods of more than 900,000 individuals impacting across sectors such as Apparel, Auto, Beauty, Construction, Leather, Agriculture, Rubber, Electronics, IT/ITeS, BFSI and Logistics.
International partnerships – making inroads through skilling
Our foray into Africa and the Middle East have opened new doors globally for LabourNet in terms of international partnerships. We are working towards becoming global partners for corporates and governments that wish to impact livelihoods through CSR initiatives in skill development. The Hays Global Skills Index 2016 shows that as the global economy is slowly bouncing back, businesses are still struggling to find the talent they need. While in Europe the skills gap has widened and productivity remains dismally low, the demand for skilled labour has risen unprecedentedly. Similar situation prevails in the Middle East too. In Africa, especially West Africa, qualifications, whether academic or vocational, are seen as a major advantage in the labour market. According to Hays research, due to the tightening of skilled labour market at the global level, the demand for skilled labour has increased considerably leading to increased talent mismatch and wage pressures. LabourNet brings onboard a decade of experience enabling livelihoods of half a million individuals through informal training. With our specialized expertise, we hope to make a similar impact globally, bridging the skills gap.
When Skill India mission announced setting up of international migration centers that would cater to the skill deficit internationally, LabourNet became one of the earliest training partners to be associated with such a center in Gorakhpur, Uttar Pradesh. We are looking forward to partnering with the government in running more such international migration centers and extending training to individuals in other sectors that would help them seek better opportunities abroad.
We are optimistic and enthusiastic about the changes that we wish to bring about this financial year. Our team is also tapping erstwhile unreached communities in India to bring them into LabourNet’s fold and help them attain decent livelihoods. With a goal to achieve better quality of input and outcome, we have a lot to look forward to this year.