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BFSI SSC & CII host conference on Employability Skills – Imperatives and Challenges

March 2, 2017

On February 28, the BFSI Sector Skill Council of India (BFSI SSC) along with the Confederation of Indian Industry (CII) hosted a one day conference on Employability Skills – Imperatives and Challenges at the international convention hall of the P J Towers on Dalal Street, Mumbai.
The conference focused on key issues such as the scope and challenges in meeting employability skills for the BFSI sector and strategies for creating employment for skilled manpower by linking skills to demand aggregation.

Many stalwarts from the industry such as Ashish Chauhan, MD and CEO of BSE, T. N. Manoharan chairman Canara Bank, V G Kannan chief executive Indian Banks Association and Ambarish Datta director, BFSI Sector Skill Council of India, participated in the event.

A highlight of the event was the launch of the “BFSI Environment & Skill Landscape 2017” report. The report provides key indicators on the growth in employment opportunities across the various subsectors of the BFSI industry.

Speaking on the occasion, Ashish Chauhan MD and CEO of BSE said, “With technology transforming the way we work and the opening of numerous mobile wallet companies, non-banking financing companies and payments and small banks, the employment scene in the BFSI sector is poised for a major upheaval. Hence it is very crucial for us to explore the challenges we will face and collectively explore ways to address them.”

The participants in the conference were of the opinion that major initiatives are required both from the government, and industry to address the challenge of unemployability and were pleased to hear about the CII Advanced Skills Training programme. Funded by J.P. Morgan, the programme is designed to train and groom fresh graduates on subjects relevant to the BFSI sector as well as soft skills such as the English language and business communications to take up jobs in the global banking industry.

On the occasion, Datta said, “We need to create students who not only have the skills, knowledge, attitude and commercial understanding that   enable them to make productive contributions to organisational objectives soon after they join an organisation, but also the ability to learn and acquire new skills through the course of their career to remain relevant to the rapidly changing environment. The BFSI SSC is keen on working with the industry to explore ways to make this happen. This conference has helped us interact ith senior professionals from the industry and brain storm on innovative ways to address this.”

“Skill development is one of the priority areas for India. With India emerging as a globally influential player in BFSI sector, the time is opportune to provide youth adequate skills to attain gainful employment. CII is happy to support all the Skill Movement through concerted policy advocacy and effective on-ground initiatives” added Rajkamal Vempati, chairperson, CII WR IWN.

The BFSI Sector Skill Council of India was set up to bring leading organisations of the BFSI industry together to create strategies and operational plans that will create standardised skill requirements for the various job roles in the industry. To learn more, visit http://www.bfsissc.com.

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