Imarticus introduces income sharing scheme to facilitate students upskill during Covid-19

In its bid at enabling freshers be industry-ready when opportunity knocks their door, Imarticus Learning has launched certification courses in data analytics and finance.

Joy Parekh, Vice President, Online Business Head said the present uncertainty both in the hiring and placement space due to the global pandemic situation, has forced professional institutions like Imarticus Learning think out of the box, as candidates were reluctant to pay upfront.

“We introduced ISA (Income Sharing Agreement) to enable candidates selected for the course, complete and be placed before settling our dues. While we guarantee placement, we also understand that we are taking a huge risk and betting on the student. The effort is aimed at empowering job seekers, as recruiters thrive on up-skilling rather than fresh hiring during Covid-19,” Parekh said.

The certification programme was launched a month ago.

“The selection criteria are stringent, as we assure placement and indicate the package as well. If the candidate is absorbed for anything less than the salary indicated by us at the time of inking the ISA, we forego the fee. It’s a risk, but we are positive that hiring would ultimately pick up, say 5- 6 months down the line. The candidates who have enrolled for the course would be completing around that time,” he said adding “select companies are hiring, but the pace is very slow at present.

“We are however grooming the talent pool only for roles where there would be no dearth of opportunity.”

Imarticus is planning to go live with two more certification courses – on credit rating and sales tax developers – in a fortnight’s time.

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