July 15, 2022
Coimbatore : Taking its outcome focus to the next level, Bangalore-based short duration skilling provider KnowledgeHut upGrad has launched a job guarantee scheme for its learners. The new scheme is currently available for the flagship Full Stack Development (FSD) course and will soon include Data Science and the remaining 300+ courses in the coming months. Towards ensuring the success of the new scheme, KnowledgeHut upGrad is leveraging the more than 4,000 enterprise customers that it has been working with since inception and is also adding new partners to strengthen the program.
The new scheme has also been designed taking cognizance of the world’s workforce returning to work post the Covid-19 pandemic. There is an increased need for this workforce to upskill in the continually evolving technology space to ‘catch up’ with what is referred to as the ‘new normal’. A significant portion of the workforce was forced to quit or take deep cuts in salary over the last two years due to the pandemic.
As part of the new scheme, KnowledgeHut upGrad will help participants with various aspects of the job hunt towards enabling them to get their dream job. This includes interview preparation, CV & LinkedIn profile building, soft skill training and mock assessments. KnowledgeHut will also ensure that learners get the maximum possible starting salary or salary hike. Freshers are expected to get a job with an average starting salary of Rs. 10 lakhs per year.
Commenting on the launch of job-guaranteed programs, Subramanyam Reddy, CEO and Founder, KnowledgeHut upGrad said, “The global workplace has seen significant change over the last couple of years. While this has further fueled the demand for upskilled professionals across the globe, it has also brought in a significant amount of job insecurity. Keeping this in mind, we have developed this job-guarantee scheme. Not only does it equip our learners with expertise in next-generation skills, it also provides much-needed assurance. We have developed a significant experience and expertise in the last decade of working in this industry and it is only natural for us to leverage it in the best possible way to help our learners make the most of it. We are confident that this scheme will go a long way in helping those who need it the most.”
A recent report from one of the big five management consulting firms said that that as much as 40% of the workforce feels that their job-roles will be obsolete in five years while another 70% believe that upskilling is critical for job security and future job prospects. The continuous evolution of technology coupled with the increasing gap in job readiness of individuals looking to enter the workplace has led to a significant demand for workers that are highly skilled in emerging technologies. KnowledgeHut, a leading provider of these courses, has been working for several years to reduce this gap. With its focus to help enterprises become more productive, KnowledgeHut upGrad works with individuals and enterprises to enhance competencies and equip the world’s workforce with job-critical skills through outcome-based immersive learning programs.
Living in Industry4.0, upskilling for professionals at every stage of their career has become a necessity to flourish in the field. It has become an asset for fresh graduates or professionals, which provides a minimum of 18 times higher returns compared to other asset classes like gold, mutual funds, and fixed deposits. Along the lines of emphasising the need for continuous learning & skill acquisition, India has initiated several steps to empower the youth skills that include PMKVY, NCS Portal, the Skill Management & Accreditation of Training Centres (SMART), Sankalp, STRIVE project (World Bank sponsored project of GOI), YUVA scheme, ASEEM, Van-Dhan Yojana, etc.
India is a bright nation with its young population and is fast becoming a power skill provider to the world. Centered with the theme of World Youth Skill Day 2022, “Transforming Youth Skills for the Future”, the world strives to channelise tech-driven multi-tasking skills and facilitates discussions among young brains, TVET institutions, and business & development partners. This day is very significant in promoting skills for self-employment and also appreciates the responsiveness to the dynamic need for skills by companies & communities which provide higher income levels & lifelong learning to the younger generation. The broad and holistic objective is to invest in the tremendous potential of the youth thereby empowering & evolving them into self-reliant dynamic professionals.