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NIIT Ltd is planning to increase its focus on training corporate employees through customised programmes, Officer, Mr Vijay K. Thadani.
“We have already secured five global corporate clients, including Philips, to design and implement training programmes for their employees which gave us a revenue of $75 million up to the end of third quarter of the current fiscal,” Mr Thadani told Business Line on the sidelines of Nasscom's India Leadership Forum 2011 here on Tuesday. At Rs 144.6 crore for the December quarter, Corporate Learning Solutions contributed nearly 35 per cent of its total revenues.
The company, which calls this offering as managed training service segment, is treating it as one of the key revenue drivers along with employability training and school interface.
Expenditure on training employees is on an average 1-4 per cent of a company's training spend. “But this is mostly on just-in-case basis rather than ‘just-in-time'.”
The company will study an organisation for about six weeks to understand the talent strengths and requirements of its employees.
“Then the training would be offered with a combination of traditional and e-learning models,” he said. The duration of the programmes could be from three days to over a week.
The cost of the programmes will depend on the requirements, he added.
INTEGRATION
The company is integrating its centres. “The idea is to make a student take up and complete any course from any centre,” he said.
In the first phase, it has integrated 33 centres. “By April 2011, we will be linking 350 of our centres,” Mr Thadani said.
On the business in employability training segment after the economic crisis, the chief executive said the positive mood in the industry and increased placements/good hiring projections resulted in increased demand for IT training/education.
“In the third quarter ended December 2010, our enrolments had gone up by 50 per cent compared with corresponding period of pervious year. We expect this trend to continue,” he added.
The company's scrip declined 5 per cent to end at Rs 47.50 on the Bombay Stock Exchange on Tuesday.
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