• Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Prescience 2023
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • Think Through
Friday, January 27, 2023
MediaNews4U
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Prescience 2023
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
        • Market Analysis
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • Think Through
No Result
View All Result
MediaNews4U
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Prescience 2023
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
        • Market Analysis
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • Think Through
No Result
View All Result
MediaNews4U.com
No Result
View All Result
Home Featured

70% of India Inc plans to increase their CSR funding towards skilling/education in 2022: states TeamLease EdTech

by Editorial
January 13, 2022
in Featured, Market Analysis
Reading Time: 2 mins read
A A
70% of India Inc plans to increase their CSR funding towards skilling/education in 2022: states TeamLease EdTech
Share Share ShareShare

Mumbai: TeamLease EdTech, India’s leading learning solutions company, today, launched their latest survey, “Aligning education and skilling in the CSR agenda”, a detailed survey analyzing how India Inc. is spending their CSR funds within the education/skilling cohort, key challenges in the process and the future aspirations of organizations while aligning their CSR agenda. According to the survey, which was conducted with over 100 companies from across India, nearly 70% expressed an intention to increase their CSR spending in education/skilling in the next fiscal. Incidentally, the majority of these companies want to allocate funds towards imparting vocational skills, which is the need of the hour to address the rising unemployability.

The survey indicates that companies are keen to dedicate funds towards projects that can create the maximum impact and according to the key findings, companies are directing the majority of their funds towards imparting employability skills to School or College Dropouts (22.8%), Women (20.4%), and People with Disabilities (18%).

Commenting on the findings and the ecology, Shantanu Rooj, Founder & CEO, TeamLease EdTech, said, “India does not have a job crisis rather a skill crisis – we don’t have enough employable talent to cater to the jobs that are there. Multiple measures have been taken to improve our education, but it is yet to solve the impending skill gap. We also face a high dropout crisis in higher education, further impacting employability. It is welcoming to see that corporates are looking at further increasing their spending in education/skilling- close to two-thirds of the respondents are planning to invest further. The investments coupled with active participation will help in addressing the gaps and enable our youth to beat the root cause of poverty- unemployment.”

A comprehensive analysis of the survey also captures the current ecosystem; as per the survey 95.83% of companies direct their CSR funds towards Education, Vocational Skilling, Livelihood Improvement, followed by 50% for Health, Eradicating Hunger, Poverty and Malnutrition, Safe Drinking Water, and Sanitation. Close to 45.83% of funds are also dedicated to initiatives that promote Gender Equality, Women Empowerment, Old Age Homes, Reducing Inequalities. In fact, organizations that divulge their funds into multiple arenas also dedicate a portion towards education – 46% of the respondents stated that they deploy more than 50% of their funds towards Skilling and Education. While the intention and efforts are quite strong, companies are confronted with many challenges, especially while implementing their CSR programs.

Neeti Sharma
Neeti Sharma

However, many organizations have been facing pertinent challenges while implementing their CSR programs. Elaborating on this, Neeti Sharma, Co-Founder & President, TeamLease EdTech, said, “Accessibility, infrastructure, deployment continues to be a concern for companies. 70% companies mentioned that connecting the right candidates to the right opportunities is their major perplexity. Additionally, 42% attributed to lack of infrastructure as a cause for distress. Even the pandemic hindered organic implementation of the CSR programs, especially reverse migration.”

The good news is that the optimism for CSR programs towards skilling and education is expected to continue in 2022. 85% companies have already revamped their CSR initiatives, aligned to COVID impact. Moreover, 80% companies have taken up special initiatives already to monitor and measure impact closely and 40% are even spending more to analyze impact better.

Tags: Aligning education and skilling in the CSR agendaNeeti SharmaTeamLease EdTech

Related Posts

Prashant Panday steps down as CEO of Radio Mirchi
Featured

Prashant Panday steps down as CEO of Radio Mirchi

January 27, 2023
Gritzo highlights the importance of child nutrition for growing children
Brand Stories

Gritzo highlights the importance of child nutrition for growing children

January 27, 2023

LATEST NEWS

Gritzo highlights the importance of child nutrition for growing children

Gritzo highlights the importance of child nutrition for growing children

January 27, 2023
Vibhu Agarwal’s Atrangii unveils content slate for 2023

Vibhu Agarwal’s Atrangii unveils content slate for 2023

January 27, 2023

MARKET ANALYSIS

Rising inflation is the top concern for Indians: Report
Featured

Rising inflation is the top concern for Indians: Report

by Editorial
January 25, 2023
0

Kantar, a marketing data and analytics company, released findings from its second edition of India union budget survey. This survey...

MOVERS & SHAKERS

Prashant Panday steps down as CEO of Radio Mirchi
Featured

Prashant Panday steps down as CEO of Radio Mirchi

by Editorial
January 27, 2023
0

Prashant Panday has stepped down as the CEO of Radio Mirchi after a stint of 23 years. He made the...

Haldiram's appoints Harshit Gupta as Deputy Manager, Digital

Haldiram’s appoints Harshit Gupta as Deputy Manager, Digital

January 27, 2023

MARKETING

Dream Sports extends partnership for fifth edition of Khelo India Youth Games
Featured

Dream Sports extends partnership for fifth edition of Khelo India Youth Games

by Editorial
January 27, 2023
0

Dream Sports, an Indian sports technology company, today announced an extended partnership with Khelo India Youth Games. This is the...

Subscribe to Newsletters

ADVERTISING

Garage Worldwide appoints Sanjay Deshmukh as CEO
Advertising

Garage Worldwide appoints Sanjay Deshmukh as CEO

by Editorial
January 24, 2023
0

Design, digital and content agency Garage Worldwide has announced the appointment of Sanjay Deshmukh as the CEO. Over the years,...

Education sector and influencers lead violations in ASCI's half-yearly complaints report for 2022

ASCI amends existing disclaimer guidelines as consumers find it difficult to understand

January 24, 2023
Pitchfork Partners announces specialised influencer marketing division

Pitchfork Partners announces specialised influencer marketing division

January 24, 2023

PRINT

Nobel laureate, Booker Prize winners, Jnanpith awardees to feature at ‘MBIFL 2023’
Featured

Nobel laureate, Booker Prize winners, Jnanpith awardees to feature at ‘MBIFL 2023’

by Editorial
January 26, 2023
0

Nobel laureate Abdulrazak Gurnah, Booker Prize winners, Jnanpith awardees and scores of eminent authors from around the world will enrich...

The Hindu ropes in Karthik Nagappan as Head of Brand

The Hindu ropes in Karthik Nagappan as Head of Brand

January 23, 2023
Ad revenue of INS members from accredited ad agencies up 31.93 pc to Rs 6490 crore in 2021

Newspaper registration to be digitised, will cut process from months to just a week

December 29, 2022

MY COLUMN

Swathi Nathani, Team Pumpkin
Featured

Opinion: Time for employers to reimagine employment contracts, allow ‘ethical moonlighting’ – Swati Nathani, Team Pumpkin

by Guest Column
January 7, 2023
0

Moonlighting has been a buzzword in conversations recently considering the coverage it is getting in the media. However, it is...

Contact Us :

UPLIFT MEDIANEWS4U DIGITAL PVT LTD

No. 194B , Aram Nagar 2, JP Road

Versova, Andheri West

Mumbai - 400061

Umanath.V
+91-99400-17868
umanath@medianews4u.com

© 2019 medianews4u.com

No Result
View All Result
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • Prescience 2023
  • Television
  • Advertising
    • Goafest 2022
    • PR
    • Mobile/Digital
      • Marketing
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • Think Through

Medianews4u.com © 2019 - 2022 All rights reserved.