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Empowering Youth For Employability

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Page 1: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

Empowering Youth For

Employability

Page 2: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

2

Page 3: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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About BSE Institute

Page 4: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Concurrent Education• GFMP – Under Graduate Skill course

• BCom – Capital Markets

Higher Education• MBA – GFM•MBA – Fin tec

• PGP – Banking & Finance• EPIM

•PGP – Business Journalism • MSc Finance (I)

• MBA+Dual Degree (I)

Vocational Training• Short term programs for brokers,

professionals, investors•State Engagements

•BFSI Sector Skill Council with NSDC

Research & Fellowship• In process

Pre-School

K-12

Concurrent (with Graduation)

Higher (Post Graduation)

Fellowship (Phd)

Vocational

BSE Institute Ltd : Focus areas

Page 5: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Banking Financial Services & Insurance (BSFI) Sector Skill Council

The BFSI Sector Skill Council of India was recently set up to bring leading organizationsof the BFSI industry together to create strategies and operational plans that will createstandardized skill requirements for the various job roles in the industry.

The skill council functions as vocational Skills regulator for BFSI sector.

The sector skill council is Public Private Partnership with Industry and NSDC under Ministry of Skill Development and Entrepreneurship.

The BFSI Sector Skill Council of India has been set up with the aim of enhancing skill development across the BFSI sector for skill development programs under PMO/ Ministries.

Page 6: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Zone Start -Up

Overview:

Startups selected thru competitive pitches, enrolled for the start up program at Zonestart ups.

Selected start ups get:

Co working space, Mentorship support, technical assistance, fund raising support, customer connects etc

Achievements:

146 start ups incubated in last 3 years

22 start ups soft landed in Toronto

Funds raised : INR 237+ Crores

850+ new jobs have been created

271 internship opportunities across colleges

21 women entrepreneurs supported for a specialised program

Page 7: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Our Skill Development Initiatives

The key features of the training program offered by BSE Institute are:

An Industry Demand Led Training Approach Quality in Skills Training Delivery Process Values Added modules integrated with the main domain program such as

Life Skills, Soft Skills, Business Etiquette and Grooming Basic Work Place English & Interview Readiness sessions Business Communications Skills

97,990 Learners Impacted

15

States

13

Projects

Page 8: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Background

Page 9: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Background

India – Fast becoming a destination for Investment Banksand BSFI ITES companies

25+ global banks are expected to recruit 1.25 million in 3-4 year,

50+ BFSI KPO organizations

Sector witnessing employment growth rate of 15%

Center for Monitoring of Indian Economy (CMIE), there are currently nearly 31 million unemployed Indians looking for Jobs.

Current estimates show that less than 20% graduates passing out of Universities across the country, are employable.

In context of the BFSI industry, these numbers are far lesser due to lackspecialized domain skills and knowledge.

Page 10: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Industry and Recruitment

Lack of skilled manpower is one of the biggest constraint, which companies are

facing in scaling up.

Companies are not able to build effective work force which will help build client

relationships, cross sell, up sell or get client references

Lack of specific domain training prevents companies from capturing larger wallet

share of clients.

Ready to perform employee – short training cycle .

Servicing team is not able to resolve client queries efficiently leading to customer

discontentment.

Front end employees lack knowledge of

operational aspects leading to higher ratio of

form rejections and higher turn around time

Page 11: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Problem Statement

1.25 Million expected Recruitment in Investment Banking Back office operations

in 2-3 Years.

The challenge is finding the right candidate.

An average graduate is unable to meet the selection criteria of most employer

Lack of domain specific knowledgeLack of Job skills

The MBAs are far more employable – an estimated 43%

Distorting salaries

Post graduate students who have relevant foundation knowledge

Do Not find these jobs aspirational, hence result in high attrition

Page 12: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Intervention

Page 13: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Intervention Planned

Providing employable skills and employment opportunities to the youth

Provide fruitful employment opportunities to graduates from the underprivileged segments of the nation.

Empower students with the necessary theoretical and conceptual tools used in investment banking and provide placement thereby provide a career path.

Underprivileged graduate youth in 2 years4,000+

Intense Job ready program. Empowering Youth for Employability380 hours

Helping them qualify for jobs with average salary. 1.80 – 2.50 Lacs

Page 14: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Approach

Page 15: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Impact

Mobilisation of

Students

Placements

Design and development of curriculum

Assessment

Pedagogy

Training of Trainers Learning Tools

Approach

Page 16: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Design and Development of

curriculum

Interaction with representative from Global Investment banks and BFSI back office processing companies

To gain Valuable insights into type of process , skills and domain knowledge required

Seminars and Surveys to access challenges faced by industry and map job opportunities

Learning methodology is evolved keeping Learner in mind and industry as pivot.

Curriculum covering the core concepts of Finance, Banking and Investment Management, and soft skills is developed

Page 17: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Pedagogy

Page 18: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Business Communication

Work-place English

Grooming & etiquettes

Interview readiness

Program Soft Skills – 100 Hours

Page 19: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Program Soft Skills – 280 Hours

• Overview of Financial System.

• Financial Instruments

• Financial Products

• Financial Structures

• What is Investment Banking?Introduction to

Industry

• Controls

• Global Compliance

• Operations Risk Management

• Simulations

• System & Process

Risk Management

• Overview of Investment Banking Operations

• Trade Life Cycle

• Data Management and Control

• Global Securities Operations

• Asset Management

• Fund Accounting

• Global Funds Clearing

Global Operations

Page 20: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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• Low on Availability.

• Low on Selection

• Low on availability.

• High Selection

• High on availability

• High on Selection

• High on Availability

• Low on Selection

Other Databases

College Connects

Print

Direct Marketing

Data Collection

Mobilization Source

Page 21: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Selection Process

Students are given specific dates to attend the selection Process.

Students Attend aptitude test and Interviews

Orientation Program briefing on program details is conducted.

Shortlist of Selected students is announced. Selected

students join the program

Page 22: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Selection Process

1731

Joined the program

4474 Offered.

8996 Appeared Selection

89386 Connected

1,50,000 Candidates Outreached

Page 23: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Selection Process - Insights

44869

766

44517

965

89386

1731

Male Male Female Female Total Total

Outreach Enrolled Outreach Enrolled Out reach Enrolled

Out reach to enroll

80

%

49

%

44

%

57

%

88

%

42

%

61

%

38

%

49

%

36

%

50

%

45

%

65

%

50

%

80

%

50

%

39

%

57

%

88

%

43

%

63

%

44

%

53

% 36

%

52

%

51

%

63

%

54

%

80

%

50

%

39

%

57

%

93

%

36

%

66

%

46

%

62

%

22

%

53

%

53

%

62

%

55

%

80

%

47

%

10

0%

57

%

93

%

50

%

62

%

37

%

68

%

43

%

55

%

48

%

57

%

56

%

Ba

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Silig

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Female Gender Diversity Region wise

Connected Walk-in Selected Enrolled

Page 24: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Selection Process - Insights

69383

17151

1493

1274

82

3

3907

3990

27

1062

8

2

2016

1819

17

618

3

1

524 914 10 279 3 1

DirectMarketing

Data

Collegeconnect

Other datasource

StudentReference

WebCampaign

Print

Source wise

Connect Walk-in Selected Enrolled

13094 678158477

13877069

540914 3311 239378 1272

81

18-20 21-23 24-25

Age wise

Connect Walk-in Selected Enrolled

Page 25: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Employed-daily wages10%

Employed-Mid business

17%

Employed-Small business

20%

Government servent8%

Private sector employed

41%

Retired4%

Unemployed0.28%

FAMILY BACKGROUND

Selection Process - Insights

Page 26: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Our Workforce readiness – Model

BIL Mobilizes Candidates

Students Selected thru Aptitude test

and interview .

Selected students join

3 months program.

Continuous Assessment of Students during

program

Interim interaction with

students –Industry

Engagement

Successful students

Interviewed by corporates.

Selected students join the

organization

Page 27: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Employment Insights

230

190

135

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50 50 45

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Opportunities created EmployedVS

Top 10 Companies

Page 28: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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25

52

25

87

5

13131

37

7

34

30

27

10

9428

28

Region Wise Gender Diversity

Female Male

Employment Insights

85214

91

67134

121

100001-200000 200000-300000 300001-400000 Above 400000

Salary Per Annum andGender Diversity

Female Male

Page 29: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

Driver26%

Auto Driver21%

Construction Worker

11%

Manual Labour7%

Tailor13%

Painter8%

Household Help14%

FAMILY BACKGROUND OF DAILY WAGE AND SMALL

BUSINESS

29

Employment Insights

Employed-daily wages

8%

Employed-Mid business

18%

Employed-Small

business19%Government

Servant8%

Private sector employed

40%

Retired6%

Unemployed

BY FAMILY BACKGROUND

Page 30: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Employment Insights$

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6.6

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Bangalore Chennai Delhi Hyderabad Kolkata Mumbai Pune Thane

Lowest Highest Average

Page 31: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Impact

Assessment

Page 32: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Impact Assessment

2X2 model

Immediate Impact Long term Impact

Youth and Career socio economic well being

Manpower acquisition

in the Industrycost and productivity

Page 33: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Impact Assessment

Impact on youth

Acquired skills that make the youth employable.

Campus to placement model providing immediate employmentopportunities.

Gender disparity was addressed by providing fair opportunities tofemale candidates from economically weaker section of the society.

The otherwise unskilled generic graduates getting opportunities to getdefined direction in the career

Page 34: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Impact on Industry

Impact Assessment

Get access to a pool of trained manpower for specific requirements.

Save cost and resources that shall otherwise be spent on acquisition ofskilled manpower.

Productive from Day one of Joining.

Lower attrition.

Page 35: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Impact Assessment - Long Term

Empower the youth to take up jobs and widen the horizon of employment.

Better paying job opportunities that shall lead to higher standard of living

Socio economic growth of the youth and subsequently the family.

Impact assessment was conducted post 30 days.

Program not only raised the employability of the youth but also increased thestandard of living for the entire family.

Page 36: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

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Our Journey …..

Page 37: Empowering Youth For Employability · standardized skill requirements for the various job roles in the industry. ... Startups selected thru competitive pitches, enrolled for the start

THANK YOU