3/21/2016

DisruptingUnemploymentReportsWorldEconomicForum

Agenda

Events

Reports

Projects

About

Disrupting Unemployment Infrastructure Leasing & Financial Services Skills Development Corporation
Disrupting Unemployment

http://reports.weforum.org/disruptingunemployment/infrastructureleasingfinancialservicesskillsdevelopmentcorporation/?doing_wp_cron=1438081741.7297580242156982421875

1/5

3/21/2016

DisruptingUnemploymentReportsWorldEconomicForum

Infrastructure Leasing & Financial

Services Skills Development
Corporation
Submitted by McKinsey & Company

Share this page:

Key Partners

Objective
To equip youth with industrial skills for employment to address the talent gap.

Overview and Main Activities

IL&FS Skills Development Corporation is a network of skills schools in India run as a joint venture between IL&FS and the National
Skill Development Corporation. It operates 44 Institute of Skills (as hubs) and 134 Skills Schools (as spokes) in 26 states. IL&FS
partners with more than 1,000 employers to ensure trainees have a guaranteed job after their graduation.
IL&FS Skills Development Corporation rests on three intervention areas:

Status
1. Job placements for trainees: IL&FS Skills secures commitments from its more than 1,000 partner companies to provide job
placements for trainees. Student enrolment is tied to the number of job commitments to guarantee a job placement after
graduation. This step is undertaken to assess demand and required relevant skill sets.

Start year of the initiative:

2007 still ongoing.

2. Mobilizing youth: IL&FS Skills works with local governments and nongovernmental organizations to enrol young people in
Next steps of initiative:
training courses. It holds informational workshops across the country, including rural villages, to explain to young people the
Regional and Global Expansion.
benefits of the training and the career prospects they can expect afterward.
3. Training courses: Schools and centres offer courses in 74disciplines, including textiles, welding, hospitality and retail. Course
Impact
http://reports.weforum.org/disruptingunemployment/infrastructureleasingfinancialservicesskillsdevelopmentcorporation/?doing_wp_cron=1438081741.7297580242156982421875

2/5

3/21/2016

DisruptingUnemploymentReportsWorldEconomicForum

3. Training courses: Schools and centres offer courses in 74disciplines, including textiles, welding, hospitality and retail. Course
duration ranges from one to three months. The curriculum is created in cooperation with industry partners to cater to industry
demand and emphasizes learning by doing and delivered in a blended learning mode comprising of 60% domain training and
the rest of life skills, English and IT skills. Many classes are held in simulated workplaces, such as a sewing factories
(complete with shift sirens) or a hotel lobby, to help students familiarize themselves with what might be entirely new
environments. All training instructors have five years of relevant industry experience.

Impact
Country(ies) of impact:
India

To ensure training courses are delivered consistently across all schools and centres, IL&FS Skills has created a proprietary
technology, K-Yan a combination of projector and computer that uses multimedia forms to deliver training in English and
nineregional languages. Students can view the course material repeatedly and learn at their own speed.

Success Factors and Challenges

Number of people impacted

Most critical success factors:

annually:
100,000 people annually

End-to-end support; programme helps students through mobilization, guaranteed job placement and post-graduation support
and evaluation

(500,000 trainees up to today)

Low cost model; technology platform lowers cost of delivery

Industry relevant curriculum co-developed with industry employer partners
Interactive training delivery mechanism that leverages technology, multimedia and simulations, allowing students to learn at
their own pace, reducing variability of trainers,and simulating a real work experience
Main challenges:

Time to intended impact:

Maintaining quality and impact as initiative scales up

Less than 2 years

Industries inability to differentiate between trained and untrained workers while recruiting
Inability of youth from below poverty line to pay and absence of coherent and long term government policy to support the
funding of such beneficiaries

Metrics:
Number of students trained

Replicability and Scalability

How easily could other organizations implement this initiative?
Difficult: A profound knowledge of internal labour markets is helpful to steer, monitor and control such an initiative.

Placement rates
Student performance after
graduation (students are
monitored for at least one

How easily can this initiative be expanded to include a larger number of participants?
Easy: The technology platform enables students to learn at their own pace and requires minimal time from trainers, Setup of
schools and skills centres allows for easy expansion.

year)

About the Organization

Website: www.mckinsey.com
http://reports.weforum.org/disruptingunemployment/infrastructureleasingfinancialservicesskillsdevelopmentcorporation/?doing_wp_cron=1438081741.7297580242156982421875

3/5

3/21/2016

DisruptingUnemploymentReportsWorldEconomicForum

Website: www.mckinsey.com
Sector: Professional Services
Size (number of employees): 10,000 50,000
Headquarters: New York, United States

Back to Top

Subscribe for updates

A weekly update of whats on the Global Agenda
Email

Follow Us

Subscribe

About

Media

Members & Partners

Global sites

Our Mission

News

Member login to TopLink

Espaol

Leadership and Governance

Accreditation

Strategic Partners area

Our Members and Partners

Subscribe to our news

Partner Institutes area

The Fourth Industrial Revolution

Communities
History
Klaus Schwab
Media
Contact Us
Careers

http://reports.weforum.org/disruptingunemployment/infrastructureleasingfinancialservicesskillsdevelopmentcorporation/?doing_wp_cron=1438081741.7297580242156982421875

4/5

3/21/2016

DisruptingUnemploymentReportsWorldEconomicForum

Open Forum
World Economic Forum USA
Privacy and Terms of Use

2016 World Economic ForumPrivacy Policy & Terms of Service

http://reports.weforum.org/disruptingunemployment/infrastructureleasingfinancialservicesskillsdevelopmentcorporation/?doing_wp_cron=1438081741.7297580242156982421875

5/5