Vocational Course to Save IT Firms $2.5 Billion Training Cost
Date: Wednesday , June 02, 2010
With an aim to train freshers to take entry level jobs without the company’s training, PurpleLeap, a subsidiary of IndiaCan, is set to provide training to frehsers for three to six months. Currently, IT companies are spending approximately $2.5 billion in re-training freshers for three to six months.
With a fee structure of Rs. 50,000 for four to five months, the students will be trained by IT professionals of high caliber from various IT companies using VSAT technology, and it guarantees a job after the completion of the program.
IndiaCan, a 50:50 joint venture of Educomp Solutions and Pearson, has launched its vocational training center in Bangalore. They have a special service for students aspiring to get through the field of information technology. This initiative in vocational training is focused to employ youth in five domains; spoken English, accounts, sales, retail, and IT. To get admission to this program students have to clear a tough selection process, which includes a written exam, group discussion, and interview. The firm will facilitate employment opportunities by getting the students interviewed by the corporates and every student is allowed to be interviewed by atleast three companies, where they can grab their chance.
It also provides education to people in rural India for which they are funded by the government. As of now, 10,000 students have been trained in various vocational courses and almost 70 percent of them have been employed. The high end courses have only been recently launched and so the students are yet to benefit from them and be employed.