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Tuesday, December 25, 2007

Creating a pool of employable workforce - Aspire

New Delhi, Dec. 17 If you thought that the Just-in-Time analogy works only in the automotive industry, then think again. Gurgaon-based human capital management firm Aspire will be training professionals on skill development to address the troika of issues — talent availability, wage inflation, and high-attrition. This will help it supply talent to companies as and when needed.

The company will be investing Rs 21 crore to create a large pool of employable workforce for diverse sectors. It is looking to make the youth in tier-2 and tier-3 towns employable. The venture is being supported by 20 angel investors including Aptech Chairman, Mr Rakesh Jhunjhunwala, who owns 33 per cent in the company.

"Aspire is different from recruitment process outsourcing, recruitment consultants and job sites. It is instead an employer-sponsored initiative where the company uses consulting, technology and services to deliver B2B solutions that address various issues," Mr Amit Bhatia, Founder and CEO, Aspire, told Business Line.

Flagship product

The company has currently launched its flagship product NeoHire — an entry-level, full-service solution to identify, train and develop talent in India. "NeoHire represents employers in high growth sectors and it will train youth from tier-2 and tier-3 cities. It will save companies at least 50 per cent of total cost of sourcing and hiring talent," Mr Bhatia said.

Additionally, it will be soon introducing TracHire, an automate that completes the Human Talent Supply Chain for the services sector (similar to SCM tools in the manufacturing sector) to get just-in-time, trained resources.

Some of the technology include exclusive attribute mapping, scientific three-step selection process, online assessments, hostelling solutions, and employer-sponsored pre-placement offers to the trainees.

"India's challenge is enormous. IT & ITeS, retail, and financial services sectors will create one million new jobs in 2008 and struggle to find talent. Paradoxically, unemployed graduates in India may rise from 26 million at present to 36 million in 2012. We will create employable talent and take economic progress to tier-2 and tier-3 cities," he added.

The company is already covering 15 cities including Jammu, Srinagar, Jalandhar, Chandigarh, Gurgaon, Siliguri, Guwahati, Kolkata, Nagpur, and Ahmedabad. It has already begun supplying talent to WNS, India's top BPO.