Teamlease Services Pvt Ltd, a pan-India staffing company and which manages four employment exchanges in the state, has managed to place 7,398 candidates of the 15,000 candidates registered at the exchanges that it manages.
Teamlease has been operating the exchanges for about two years now, having won the contract to operate the existing exchanges in the state.
“The exchanges, earlier run by the government, had been wanting in their abilities to employ the registered candidates,” said a high ranking government official.
Since taking over the employment exchanges, the firm has upgraded four district employment exchanges. There are seven operational exchanges in the state in all today. “It’s a reverse model where the investment is made by Teamlease and is also in charge of the training, curriculum, placements and everything else that the Karnataka Employment Centre (KEC) was meant to do,” said Neeti Sharma, vice-president at Teamlease Services Pvt. Ltd.
The KEC was set up in 2010, and was expected to deliver services covering registration, assessment, counselling, training, certification and placement. The nodal partner agencies on the government side for the initiative are the Department of Employment and Training, and Karnataka Vocational Training & Skills Development Corporation (KVTSDC).
The exchange charges one third of the cost of training to the students, while the state bears one-third of the cost, and Teamlease bears the rest of the cost of training, she added.
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With this, Teamlease said, it’s able to cater to those living below the poverty line, minorities and those who otherwise would not walk into the Teamlease office for a job. The private employment exchanges. run with public support. and the contract is renewed on a recurring basis. After a year’s performance, its reviewed and it’s never on a long term, added the official, For the state, it’s easier to have short term tieups like these. So far there’s been no issue on renewal.
Other than Teamlease the firms that run the exchanges are Manipal’s iRize and Laurus Edutech. iRize is an initiative from Manipal Education to set up employment exchanges in partnership with educational institutions, local partners and the government.