Paywings Workforce Development Program

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Workforce Development Program 2015/16

Our Mission, Our ValuesWDP Head’s MessageDelivery ProcessWhy WDP?Performance SummaryFacts & FiguresLearning & Development

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Paywings WDP 2015-16 Making Students Work Ready

With millions of young students graduating every year, employers are increasingly finding it difficult to bridge the gap between their education and the industry practice. While it is an accepted fact that the pace with which the industry standards are changing is a lot faster than the pace with which educational curriculum can upgrade, many institutions are seeking direct industry interface to quickly acclimatise their students with practical industry trends.

Paywings is now an industry standard for Payroll Processing Software. With thousands of companies adopting Paywings as their core payroll processing software, they are also investing in training their HR and Payroll Managers, Accountants to learn this tool. The Industry demands that the fresh graduates they hire from reputed MBA colleges need to be experts in processing salaries with Paywings.

Engineering students can gain expertise in the implementation and maintenance of Paywings, thereby adding more industry relevant and employable skills by the time they graduate.

It is our effort to provide affordable education to students in collaboration with various colleges for class room training, thereby uplifting the standards and quality of practical education imparted in addition to pre defined curriculum. Palash Bagchi, Chief Executive Officer.

Workforce Development Programs are intended to give students and other interested people their earned industry connect making them relevant and employable.Palash Bagchi

Our Mission, Our Values


About Paywings

Paywings is now being downloaded across the globe at a rate of 1 Download every 30 Mins. The immense popularity of the payroll solution is due to its easy to install and use interface, one touch integration with other industry leading tools like Quickbooks, Tally, along with direct online payment facility through Payza Masspay and Paypal Masspay.

Vocational Programs

The vocational education stream in India is comparatively small, with less than 3% of students at upper secondary level enrolling in courses. In fact, India’s vocational education institutions are running at considerably less than their available capacity, illustrating the challenge the country faces in changing perceptions and raising standards. Furthermore, a large number of people who take vocational education programmes do so as a stepping stone to further educational progression, rather than to enter the labour market. In part, this reflects the poor employment opportunities for those leaving vocational programmes.

Solution

While these issues are still problematic, they should not obscure the value of some of the initiatives being run in India’s vocational stream. There are a variety of programmes aimed at improving employment opportunities in general as well as providing a balanced education that better matches the requirements of the workplace. There is also some focus on self-employment as a desirable outcome.

Suman Sayani is also closely associated with the skill development program along with National Skill Development Corporation (NSDC) for Andhra Pradesh

in areas of Telecom, Retail and Healthcare. With Paywings Payroll solutions, Suman wants to not only take this cause further by enabling the youth in employable skills of Paywings implementation, but also create efficiency within Organizations by automating critical departments.

Suman Sayani has championed the social cause of a sustainable semi urban and rural development. She believes that education and employment generation should be run in parallel. Suman will enable the Paywings Workforce Development Program so that along with education, a healthy employability opportunity is also created in the semi urban and rural areas.

In support of the national cause to assist organizations in adopting inexpensive technology like Paywings Payroll Solution, Suman Sayani provides support to Non Profits and Educational Institutions, especially in semi urban and rural parts of India to bridge the skill gap.

Suman Sayani,

Workforce Development Head’s Message

Additional NoteFor more information, contact STPL Global

Print ProductionThis document is licensed under creative commons and can be printed without license.



As the youth report states, India is set to become the world’s youngest country by 2020, with 64 per cent of its population in the working age group. With the West, Japan and even China aging, this demographic potential offers India and its growing economy an unprecedented edge that economists believe could add a significant two per cent to the GDP growth rate.


Delivery Process

Train the TrainerPaywings WDP provides a dedicated support to train the faculty of the insitution completely on the product.

Study MaterialPaywings WDP comes with industry standard study material and learning manual in print for every student.

Software LicensePaywings Payroll Education Software license is issued in the name of the registered institution to conduct classes.

Online CertificationA secure online examination system access is provided to every registered student, a certifcate issued on success.

Quality AssuranceAn authorised Paywings WDP team visits all institution to assist during the program and check for quality delivery.

Online SupportA comperhensive support portal is available for real time online support through chat, email, ticket & social media.


Why WDP?


Why WDP?


UneMPLOyMent In Gr ADUAte

19.4% In 2011,

InCreASeD tO

32% In 2013

Statistics according to

Labour Bureau of India

ILO has estimated that nearly 75 million youth were unemployed

around the world and global youth unemployment rate is projected at 12.6 per cent.

Statistics according to International Labour Organisation

3.7%Illiterate Youth

Unemployment Rate, 2012-13

Unemployment among illiterate

youth is less than educated youth.

Labour Bureau, 12-13


increase in the number of colleges in India over the past decade.

In USA, avg monthly pay for fresh graduates is

$2,714 as of 2013 survey.

The war for talent is not about headcount, but

based on skillsets

Median Salary of Fresh HR Professionals in INR.

10%HR Fresh

Graduates Salary Increase from 2011 to 2012.

12,806 Colleges & 256 Universities in 2000-01

35,539 Colleges & 700 Universities in 2013.

36%

20,923

11%Fresh Engg Grad Salary Increase YoY

Delloite Report

Euro AreaIndsutry relevant Technology adoption

28 Members

10For every 10

Male technical graduates

11 Female

enrollment in Technical Education

Statistics according to Hay Group.


The yin and the yang of Indian education and employment sectors present a fascinating study in contrasts. Speak to an educationist and you will be swept away on the rising tide of optimism generated by a groundswell of enrolment.

Talk to anyone in the private sector and you will get an earful about labour shortages. Labour market outcomes also present a similarly confusing picture. In the 1980s, a college graduate had over 70% probability of finding a white-collar job. This dropped to less than 50% in the last decade. However, shortage of qualified workers continues to drive up campus recruitment packages to dizzying heights.

WHY PAYWINGS WDP?

Improve employability of graduate sutdents.

Improve starting salaries of fresh graduates.

• 93%ofsurveyedemployersdemandedPaywingscertifiedpayrollmanagers.

• 54%ofsurveyedstudentsbelievethattheiremploymentpotentialwillincreasedrasticallywithaformaltrainingonPaywingsPayrollandtheywillalsoreceivebettersalaries

• 70%ofthesurveyedstudentsexpecttobemoreproductiveatworkafteraclassroom-trainingprogramonPaywingsPayroll.

Learning & DevelopmentEducation, vocational training and lifelong learning play important economic and social roles. Paywings WDP provides quality education and industry relevant learning credits acceptable by all Indian corporate entities. Paywings is recognised and endoresed by National Association of Indian Payroll.


How do we reconcile these contrasting pictures? The key to understanding this contrast lies in the word ‘qualified’. The increase in our education levels has been accompanied by a decline in quality, creating a growing pool of unemployable collegegraduates.

The India Human Development Survey, conducted by the National Council of Applied Economic Research and University of Maryland, provides a striking example. In this survey of over 41,000 households conducted in 2004-05, each cohort is more likely to finish college than the previous cohort. Among males born in 1930s, only 4% completed college. Among those born in 1970s, 13% completed college.

However, had these new graduates retained the same skill levels as those born in 1940s, India would have had 50% more English-speaking college graduates. Since English fluency brings enormous economic returns, and increases wages by at least 12%, this increase in English speakers would have had enormous economic dividend.

In today’s times, the same logic applies to technology proficiency relevant to the subject of study.

Part of the answer lies in the speed with which enrollments have risen.Rising demand for higher education can no longer be met with traditional colleges and a host of creative solutions ranging from private colleges to distance education are being embraced with little attention to quality. While students must meet some minimum standards to pass the examination, rote learning to prepare for the examination has become the norm.

12%Fluency in English alone could have increased the wages by 12% post 1970.

The Economic Times, Sonalde Desai


Amongst those with practical skill training in their education are the most likely to be satisfied with the working conditions compared to those who acquire skils during a job.Retired persons are also much more likely to be satisfied with their past working conditions compared to students and those looking for a job (81% vs. 67% and 60% respectively).


OnLIne

www.paywings.co [email protected]

teLePHOne

+ 91 40 65887875

ADDreSS

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Paywings Workforce Development Program