How McKinsey India gives back to society with its Generation programme

06 February 2019 Consultancy.in

Alongside the strategic support that it offers in a number of market domains, global management consultancy McKinsey & Company does its part for India’s social development as well, primarily through the India practice of its global Generation programme, which has worked to skill nearly 5,000 graduates so far.

Generation is a global initiative that operates on the principle that skill-development is the key to solving issues around youth unemployment across the globe. As a result, the organisation trains young professionals with basic skills in a number of domains, spanning five countries, namely Spain, Kenya, USA, Mexico and India.

Since launching in India officially in 2015 through its first programme, Generation has been particularly successful in the country. In India, Generation trains professionals in the specific domains of beauty & wellness, healthcare and hospitality, operating across 20 locations across the country’s urban and rural landscape.

Last year, the firm formed a partnership with the National Skill Development Corporation in India to launch a pilot project that aims to train as many as 5,000 candidates in basic skills that would contribute to employability. At the time, the initiative engaged approximately 350 students across India.

How McKinsey India gives back to society with its Generation programme

Numbers suggest that the initiative has had a strong success rate as well, exemplified by the fact that as many as 72% of the candidates who take part in Generation training programmes have been employed in some organisation or the other within three months of graduating.

More than 75% have subsequently retained their jobs for a period of over three months. Candidates from Generation have been placed in a wide variety of organisations in India, including health centres such as Apex Hospitals, Apollo Cancer Hospital and Batra Hospital, as well as hospitality giants such as The Leela Group and The Umrao.

Skill generation is particularly relevant in India and across the globe at the moment, given that the nature of jobs in any field is set to undergo a comprehensive transformation as a result of digitalisation, automation and artificial intelligence. McKinsey is proving to be a central player in this demand for skills.

The firm has been active in the Indian market in recent years, particularly since Gautam Kumra was appointed as the new Managing Director of the firm early in 2017. By the end of 2017, the firm’s growth rate in the country had entered double digits. Generation represents a way of giving back to the society.

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PwC India Foundation arranges roundtable conference for children's rights

28 February 2019 Consultancy.in

PwC India’s corporate social responsibility (CSR) arm the PwC India Foundation has collaborated with global children’s rights organisation Save the Children to organise a roundtable conference for some of the leading businesses in the country to call for cooperation around children’s rights. 

The conference was attended by representatives from nearly every sector in the Indian economy, including electronics, IT, healthcare, manufacturing as well as banking and financial services. The theme of the congregation was ‘Creating Transformational Business Partnerships for Child Rights.”

Topics of discussion centred on the trends in CSR investment across the Indian market over recent years and the predictions for the coming year. Keeping the objective of protecting and promoting children’s rights in mind, executives discussed the possibility of pooling resources to create a better socio-economic environment in the country.

In essence, businesses are looking to combine their reach, assets and international networks to continue their development in the rapidly growing economy, while simultaneously ensuring that growth is as equitable as possible. The PwC India Foundation was among the organisers of the conference.

PwC India Foundation arranges roundtable conference for children's rights

In recent years, the PwC India Foundation has made children’s rights one of its top priorities, and has placed its focus on the role that the corporate environment can play the in the improvement of conditions therein. The Foundation has been active for over a decade in India, and has made great strides in realising these goals. 

The conference was organised in collaboration with Save the Children, a global non-profit NGO that is devoted to protecting children across the globe, particularly those in vulnerable countries. CEO of Save the Children Bidisha Pillai was present at the conference.

“The quality of partnerships we want to have is of great importance. We are looking for stakeholders with a similar vision who have complementary skills that come together to tackle the difficult problems, in difficult areas where the burden is the highest and which are the hardest to reach,” she said.

“India has the largest population of children and youth (550 mn), the challenge is to make them productive, to ensure that they become an asset and not a liability for the nation. It’s a panic situation as currently the gap between India and other countries is widening in terms of educated and skilled human capital. A monumental effort is required by all stakeholders including India Inc. to focus first on education,” added Dilip Thakore, the Education World publisher who mediated the roundtable discussion.