Boosting Skill set: Increasing

Employability of youth

Team Co-ordinator: YOGESH BRAR

Team Members: SHOBHIT KRISHAN , KHUSHBOO RUSTAGI ,

ANKUR MEHTA , DEVENDER BHARDWAJ

Problem Statement

• Scope of the broad problem

Youth population holding degrees but are not getting opportunity to start their career.

Organizations are not having vacancies, but aspirants are more for every post.

Lack of good advertisements/seminars to clear out the queries for individuals.

None care if audience is understanding their schemes or not.

Less organizations are there which efficiently enhance the skills of an individual.

• Causes of the problem

Inability to create new jobs as per changing economic scenario.

Lack of proper interaction between institutes & industry.

Lack of motivation for youth to take up courses of their interest.

Absence of synchronization between skills required and available skills.

• Reasons for selecting the cause

The prosperity of a nation depends on the productivity of the workforce. Indian youth population is 1/3rd of total population, so their employability is of prime importance to seek tremendous national growth.

There is need to bridge the gap between skill sets possessed by individuals and skill sets required by industries. It is very important to make the majority of youth employed, besides meeting industry requirement.

India Unemployment Rate

India Lending Rate

Proposed Solution

Proposed innovative solution concept

The new concept of setting up an government organization which would deal with the

MNCs.

This will result into faster employment of youth, and all the work will take place under the

guidance of government.

People o do ’t ha e to ru after the o pa ies to seek jo s, they ha e to approa h at a common place.

Purpose

Currently the government is handling this process for their own purpose and recruiting people in

government sectors only. Now if, they want to increase youth employability, they will have to take

measures for recruiting people in private sectors too, for benefiting the country.

Setting up of courses by collaboration of Industry,

Institute & Government

Institute Industry

Government

Prepares individuals who are having

skill sets as required by the industry

Industry advices on the curriculum/subjects to ensure

development of correct skill set of individuals

Funds to ensure the

new courses introduced

as per industry

demands

Interaction with

industry of changing

market scenario &

introduction of new

courses in college

Implementation

The MNCs all over the world will have to register in this organization to set up their

business in India or to recruit work force.

The MNCs would have to present the requirement of workforce with specified qualification in

front this organization.

To continue this process, the organization just have to do is, to collect the resumes of people

who are seeking jobs.

This organization will forward these resumes to MNCs registered under it, by sorting them

out, on the basis of qualification required.

Now, people just have to wait for the interview call from them.

P.S. This organization would be having multiple branches all over India, including 4 head

offices in metropolitan cities.

Impact

Whenever this organization will become active it would reduce the unemployment rate by

1.5 %.

It would take approx. 2 years for full-fledged running of the organization in our country.

For increasing the youth employment rate and to decrease the unemployment graph we

would have to sustain this idea for minimum 10 years.

Challenges and mitigation factors

Major populatio of I dia ai ’t a le to afford i ter et fa ility. They a ’t rely o others for jobs, that is why government is taking initiative to guide them in right path.

Government have to start the venture in one of their vacant buildings of their own, to

prevent the extra funds.

The location of the organization must be in corporate area, or in Special Economic Zone,

instead of an Industrial area.

Candidates would be employed in accordance to their skills and qualification and not on the

basis of their caste.