How have certain industry giants demonstrated CSR through skilling initiatives?

How can skills development help in reviving economy?

Introduction:

With skilling initiatives being held as the primary motivators to contribute a systematic surge in the national workforce, the country has seen numerous stakeholders coming forward and participating actively in them. Various stakeholders like the Government, the corporate organizations, NGOs, social businesses, and others have proved their interest in skill development as they firmly believe that it will provide a significant boost to the economy at scale. 

What are the challenges in developing a strong collaborative skilling ecosystem?

 

Traditional challenges:

The primary challenges that lie in the development of a cohesive, collaborative skilling ecosystem involve the lack of awareness involving the skilling opportunities and the presence of innumerable government skilling bodies and missions, each trying to micromanage the skilling ecosystem differently.

Newest challenges:

Along with these, the recent most obstacles faced are the harrowing nature of the COVID-19 pandemic that has caused the entire world to come to a standstill. As a result, institutions that had been imparting skill training have shut down. Though remote education is an emerging trend, the shortage of compatible devices, absence of internet connectivity, and impediments faced by skilling instructors are inhibiting the development of a holistic skilling ecosystem. 

How are the CSR teams of industry giants battling the challenges in skilling?

The CSR teams of companies are creating a significant impact by empowering the human capital in local communities through effective skill development. The industry giants operating in the Indian landscape have realized the necessity of a competency-based skill-aligned training and placement activity that involves the development of appropriate capacities, promotion of entrepreneurial activities, and upskilling initiatives directed towards agricultural and allied practices.

Moreover, the CSR teams have been building trust in conjunction with NGOs and various other social businesses and private organizations to empower the youth by providing in-demand soft skills and technical skill training. With the corporates realizing that the country is seated on a powerhouse of potential talent, directing their CSR teams to develop the relevant skills of the workforce is not only imperative to build the national economy, but will also guarantee their enhanced financial bottom line. 

Few of the most-pronounced skilling endeavors as part of CSR of industry giants:

Amongst the most pronounced skilling initiatives implemented by industry leaders as parts of demonstrating their CSR, a couple has been demonstrated below. 

Tata Chemicals

The flagship CSR program titled Apprenticeship Training School or ATS in Mithapur has been a significant skilling endeavor executed by Tata Chemicals for the last 65 years. It was aimed at providing the local youths with relevant industrial training and apprenticeship and has successfully launched lakhs of competent and skilled youths in various professional sectors. The Apprenticeship Training School has been instrumental in imparting the requisite technical skill-based education that has empowered the local youths of Mithapur and made them self-sufficient to perform as critical human resources in manufacturing and production industries. 

SAP Labs:

The internationally acclaimed organization and European software mogul SAP Labs declared itself as a partner in the Karnataka government’s upskilling initiative titled Yuva Yuga. SAP Labs proclaimed that it will partner with the government and provide more than 15000 local, underprivileged youth with the relevant and in-demand technological education that includes software skills, AI, machine learning amongst others. In 2018, SAP Labs declared that it will provide skilling opportunities to entry-level and mid-level employable youth and even re-skill the people with 10 years of industry experience by 2021, to keep them job-ready with the relevant domain knowledge and expertise. 

In the end:

With the end of the COVID-19 crisis, world economies will start competing against one another and engage in hasty repair and rebuilding activities. If the youth and the stakeholders utilize the time effectively in developing a sustainable skilling environment, the future of the Indian skilling landscape will be brighter than before. 

 

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