Financial Daily from THE HINDU group of publications
Friday, Oct 08, 2004
Financial Daily from THE HINDU group of publications Friday, Oct 08, 2004 |
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Corporate
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Human Resources Ma Foi opens career-training academy Our Bureau
Mr K. Pandia Rajan, Managing Director and CEO, Ma Foi Management Consultants Ltd, with Mr Zach Miles, Chairman and Chief Executive, Vedior's Board of Management, at a press conference in Chennai on Thursday. - Bijoy Ghosh
Chennai , Oct. 7 MA Foi Management Consultants Ltd, a Chennai-based human resource services provider, on Thursday opened its career-training academy in the city. Mr R. Ramaraj, Managing Director and CEO, Sify Ltd, inaugurated the Ma Foi Academy, which initially provides talent-training programmes for information technology and IT-enabled services sectors. Talking to newspersons, Mr K. Pandia Rajan, Managing Director and CEO, Ma Foi, said the academy is designed to enhance employability of students. For IT professionals, the training includes professional coding skills, coding standards, testing, and communication and presentation skills. The 11-week programme would cost Rs 80,000, and is likely to commence in November. For ITES professionals, the training includes developing language competence and general communication skills. The cost for a month's training is Rs 12,000, he said. The centre is equipped to train nearly 500 candidates a quarter. It plans to open training centres in Hyderabad and Bangalore by early 2005 and scale up across the country based on this experience, he said. The Rs 85-crore Ma Foi is placing around 2,000 people a month in various sectors — 35 per cent of them in ITES. However, after commissioning the training academy, the target is to increase the number to 3,000 a month, and in the next few months to 10,000. The entire leaning is by experience, including live projects, he said. In India, 980 employment exchanges place 1.71 lakh people a year, and in the next three years, Ma Foi would like to do that, or better than that through this backward integration (starting the academy). Ma Foi would also hire from the academy, however, the company does not guarantee any employment, he said. If a candidate spends Rs 6-8 lakh to self-finance for his graduation studies, he would spend Rs 80,000 more for the programme. Ma Foi plans to tie up with banks to help students get low interest loans for the training programme, he said. Ma Foi will shortly sign mandates with two large software firms to have corporate training programmes for their employees, he said. Unemployed graduates: In Tamil Nadu, 48 per cent (22,000 students) of engineers do not have a job in the first year of their graduation, and 19 per cent do not have a job for two successive years. It is worse for arts and science graduates, said Mr Pandia Rajan, quoting a survey done by Ma Foi.
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