How India’s workforce can benefit from the world’s growing demand

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How India’s workforce can benefit from the world’s growing demand

Tuesday, 22 October 2024 | Aditi Banerjee

How India’s workforce can benefit from the world’s growing demand

Tapping into this opportunity requires a systematic approach to connect Indian talent with international employers

India’s labour force is one of its greatest assets, with millions of skilled workers spread across various industries, including healthcare, construction, information technology and engineering. However, despite this abundance of talent, many of these workers struggle to find suitable employment within the country. The global labour market, on the other hand, is increasingly facing shortages in these same sectors. Bridging this gap has been a significant challenge.

Global Skill Shortage and Demand for Indian Talent over the past decade, countries across Europe, the Middle East, and parts of Asia have been facing critical shortages in skilled labour.

Factors like ageing populations, changing work preferences, and evolving technological needs have driven these regions to seek out talent from countries like India. Healthcare, construction, IT, and logistics are some of the industries experiencing the most pressing shortages.

We need to recognise this demand early on and respond by connecting skilled Indian professionals with global employers.

This will help in aligning the skill sets of Indian workers with international standards and job requirements, offering thousands secure employment overseas.

A Systematic Approach to Global Mobilisation. The workforce mobilization model should ensure that the process is smooth and transparent for both the workers and the employers. The organisation focuses on several key stages:        Talent and Skill Gaps: We should conduct thorough assessments of candidates, ensuring they meet international job requirements. By collaborating with top training institutes, they also provide upskilling opportunities to candidates who need it.        Job Matching: With established relationships with employers in countries such as Germany, Canada, and the UAE, organisations can ensure that candidates are placed in roles that match their qualifications and aspirations.

Navigating Complexities: Overseas job placement is fraught with regulatory hurdles, but offering complete support with visas, documentation, and legal compliance, ensures candidates can focus on building their careers without administrative delays.

Supporting Worker Welfare: The organisation provides post-placement assistance, offering support with relocation and helping candidates adjust to new cultural environments.

This ensures long-term success for workers abroad. Shaping the Industry’s Future Beyond individual placements, the organisation’s work is in shaping the broader landscape of international labour migration. There has to be a system for fair recruitment practices and the protection of workers’ rights. This is critical in an industry that is often plagued by stories of worker exploitation and unethical recruitment agencies.

A transparent process ensures that workers are fully informed of the terms of their contracts before they travel abroad. This approach not only safeguards the interests of Indian workers but also builds trust with global employers.

The global demand for skilled labour is at an all-time high, and India has the talent to meet this need. Many organisations have pitched in to fill this gap. ‘Magic Billion’ creates dignified, well-paying employment opportunities for Indian workers overseas. Since starting in 2018,  it has facilitated over 4,000 Indian workers being placed in global roles.

It is just not helping individuals find jobs; we’re building sustainable careers that elevate both the worker and their families.

Women Empowerment: A particularly noteworthy aspect of such an organisation’s work is its focus on women and young professionals. The global job market offers unique opportunities for these groups, particularly in industries like healthcare and hospitality. Targeted programs need to aim at empowering women to enter these fields and secure high-paying jobs abroad.

This is especially significant in a country like India, where barriers to women’s employment are still prevalent in many sectors. The organisation’s efforts to provide training and certification for nursing professionals, for example, have opened up opportunities for hundreds of women to work in countries where there is a growing demand for healthcare workers. This not only benefits the individual but also creates ripple effects for their families and communities.

Economic Benefits: India’s skilled labour force is not only contributing to the economies of the countries where they work but also bringing significant benefits to India itself. Remittances sent home by overseas workers are a major source of foreign exchange and play a crucial role in the economic development. By placing workers in global jobs, we can help alleviate some of the domestic unemployment pressures. This is especially important for sectors like construction where there is a surplus of skilled labour in India.

(The writer is CEO & Co-Founder of Magic Billion; views are personal)

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