Article: It costs about Rs 9,000 to skill a person: Dilip Chenoy

#Csuite

It costs about Rs 9,000 to skill a person: Dilip Chenoy

In conversation with Dilip Chenoy, CEO & MD, NSDC

In the employability industry, the players are the government, the private sector and the assessors. And now as we are expanding, there is a new kind of franchise market opening up in the traditional skill areas that never existed before. On an average, it costs about Rs. 5,000 to Rs. 9,000 in order to skill a person from a low to medium end skill, for example, a mobile phone repair skill, low-end IT skills, etc. Today, roughly around 5 to 6 million people are getting skilled in the country. The official number is 4.3 million but I think there is another 1.5 to 2 million being skilled in the informal market. The average cost per candidate being Rs. 9,000, that is the kind of market size present today. But the addressable market is much larger; the actual potential is that there are 12.8 million people joining the workforce every year. 

Topics: C-Suite, Talent Acquisition, Skilling

Did you find this story helpful?

Author

QUICK POLL

Do you think India Inc. has been successful in empowering its women workforce?

On News Stands Now
q_auto,f_auto/v1549881574/mag-february-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

The Fourth Industrial Revolution is ushering in cyber-physical systems involving entirely new capabilities for people and machines. Jobs are changing and new jobs are emerging that we couldn’t have imagined just a few years ago. Workflows are changing. New skills are emerging, and old ones are being cast aside. But are we really ready for this new world order?

Subscribe
And Save 59%

Subscribe now