BFSI, Retail and Hospitality Sectors to Offer Higher Employment in the Post-Pandemic Era: Smile Foundation

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BFSI, Retail and Hospitality Sectors to Offer Higher Employment in the Post-Pandemic Era: Smile Foundation

~ Hiring expected to increase in 2022 according to Smile Foundation’s Twin E-learning programme team~

New Delhi, December XX, 2021:The banking and financial services, retail and hospitality sectors are expected to lead the hiring of skilled young professionals in the coming year, according to Smile Foundation, an Indian Development Organisation.

Smile Foundation’s Twin E-learning programme team highlights that India’s services sector hiring will increase around 23% in 2022, as the economy experiences post-pandemic recovery.

Smile Foundation initiated the Smile Twin E-learning Programme (STeP) to equip the youth by training and upskilling them for employment. This livelihood mission is in strong alignment with the Government of India’s ‘Skill India’ initiative. This initiative aims to skill underprivileged youth from urban slums in the 18-32 years age bracket and is operational through 81 centers across 18 cities in 16 states.

COVID-19 triggered a massive shift in hiring across sectors. According to WHO, ‘Millions of enterprises faced an existential threat. Nearly half of the world’s 3.3 billion global workforces lost their livelihoods’. During this time, Smile Foundation reprogrammed its employability training for underprivileged youth to better suit the post-pandemic era.

Furthermore, the CEDA-CMIE Bulletin that looks at changes in employment, consumer sentiment, household and individual incomes and expenditures in India using data provided by the CMIE, has pointed out that 40 million people lost jobs in urban India in April 2020 and 73 million in rural India. In April and May 2021, 10.10 million people lost jobs in urban India, whereas 12.58 million lost jobs in rural India. The repercussions of the pandemic on rural India’s employment showcase the underlying challenge of training and upskilling.

Santanu Mishra Co-founder and trustee Smile Foundation said: “Our SteP programme has strived to equip youth with skills required for service sector jobs. We introduced new contactless courses across the board for underprivileged youth under the STeP programme. We are preparing youth for jobs in the sectors that will require the most skilled youth. So far, Smile Foundation has trained over 65,000 youth through its STePprogramme and more than 45,000 of them have been placed in over 350 brands across India.”

Through this national-level programme, Smile Foundation trains underprivileged youth in English Proficiency, Basic Computer skills and Soft Skills for enhancing their prospects of employment in the fast-expanding BFSI, retail, hospitality, e-logisticsand supply chain management sectors. In the healthcare space, Smile Foundation equips youth to be absorbed as general duty assistantsand patient care specialists.

About Smile Foundation

Smile Foundation is an Indian development organization directly benefiting over 1.5 million children and families through more than 400 welfare projects on education, healthcare, livelihood, and women empowerment spread across 2,000 villages and slums in 25 states.

Media Contact:

Sreeparna Chakrabarty: [email protected] | 9811502059

Website: http://www.smilefoundationindia.org/

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