HCL Corporation launches HCL TalentCare, an integrated end to end talent solutions company incorporated under HCL Corporation.
HCL Corporation announced a significant entry into skill and talent development space with the launch of HCL TalentCare, an integrated end to end talent solutions company incorporated under HCL Corporation. HCL TalentCare aims to be a global talent-solutions company addressing a wide spectrum of entry-level employability needs in India and thereby creating a ready talent pool of professionals for enterprises in IT, BFSI and Healthcare sectors.
India's young population is its greatest asset. Within that, there are close to 7 million graduates including 1.5 million engineers who are academically qualified to join the workforce every year. HCL TalentCare plans to hone the aptitude of these talented youngsters with additional skills that prepare and align them for effective employment. The bridging of the skills gap by initiatives such as these will help India's growing economy tremendously and also complement and contribute to the Government's mission to skill and up-skill about 500 million people by 2022.
Aligning itself with the larger skill development agenda in the country, the company is partnering with the National Skill Development Corporation (NSDC) to design and deliver solutions that address the skill development needs of India Inc.
Addressing the conference, Shiv Nadar, Founder and Chairman, HCL Corporation, said, "Today, more than half of India's population is under the age of 25, with 65 percent of the population under 35. About 12 million individuals are expected to join the workforce every year. While India's young population is its greatest asset, many young Indians are not equipped with the skills required for effective employment. I believe that this is the right moment to step in to address this skill gap challenge facing the nation today. This will help us realize our demographic dividend and create Talent Made in India."
Roshni Nadar, CEO and Executive Director, HCL Corporation, said, "Our strategic direction is to focus on spaces that would be the catalysts for economic growth - Technology, Healthcare and People. After spending four decades in technology, we diversified into healthcare last year. We now complete this journey with the launch of HCL TalentCare." She further added, "A people-intensive organization with over 100,000 people, HCL has nurtured and developed a strong pool of talent which is one its key differentiators. HCL professionals today are the backbone of leading global enterprises across industries. Our strong expertise in training and skilling talent for forty years makes us suitably poised to address the talent needs across industries. HCL TalentCare is envisaged as a hub for developing trained and skilled workforce for people intensive industries like IT, BFSI and Healthcare. With HCL TalentCare, we take a step forward in raising the quality-quotient of talent in this country and creating the HCL of the future."
Premkumar S, Chief Mentor, HCL TalentCare said, "There is a 'talent-divide' that has been created as more than 75% graduates today are not job-ready. India Inc. is witnessing high attrition rates of 20% and above because of expectation mismatch at the 0-3 year experience band that is hurting enterprises very badly. Corporate India is keen to hire "role ready" talent to meet its growing demand for skilled professionals." He also added, "HCL TalentCare's key objective is to offer skill development and staffing solutions that will provide a career launch pad for students on one side and a ready pool of employable talent for enterprises. A structured approach like this will lead to on-demand staffing of trained and certified resources which is an imperative for competitiveness across industries."
HCL TalentCare plans to enroll, train and provide career opportunities to more than 20,000 graduates over the next three years across its campuses in Manesar, Hyderabad and Chennai. The rigorous training program is aimed at strengthening their core skills, business understanding and communication skills. At the end of the program, the graduates will become world-class professionals, who will have the opportunity to work in top global companies.
"The high degree of change in Technology , Regulatory and Operational aspects of a role made it imperative for us to design the program with a commit to appropriately upgrade the skill set of our scholars with a view to making them future-proof through TalentSurance - a first-of-its-kind skill warranty," added Premkumar.
HCL TalentCare enables anytime-anywhere learning that is industry-focused with personalized development paths, digital immersion, online, classroom and on-job learning, continuous tracking and progress reporting, individual counselling and mentoring. Courses will be delivered using a mix of classroom-based instructor-led training along with on job practice of concepts taught in the course. Soft skills training will be imparted by industry experts through games, activities and guest lectures on behavioral and technical areas.
Admission to the flagship program - Young Engineer Program (YEP), a holistic six month skilling program focused on engineering graduates, is through a Jobability Quotient (JQ™) test. HCL TalentCare offers a Signature Learning Experience - a proprietary approach designed to transform skills and capabilities of students in a short window of time and prepare them for a professional career by honing their skills and making them industry ready.