Times of India ( 07 Jan ) carries following news report
:
“ To Stay Lean , Startups Lean On
Interns “
Extract
:
·
According to Internshala, a platform that helps students land
internships, around 85% of all organisations registered with it are startups.
The platform placed around 1 lakh interns in 2017. More than 46,000 startups have used
Internshala to post their requirements since 2010, and the number has been
growing every year. In 2013, just over 1,000 startups required interns, a number that
crossed 18,000 last year.
·
In its
early days in 2014, regional content social platform Sharechat only recruited
interns. "We were burning around Rs 4 lakh a month. We couldn't afford full-time employees so would rely on
interns for everything. That
helped us increase our
capacities temporarily," says Farid Ahsan, founder of Sharechat. He
has a team of more than 50 regular employees now.
·
"Every startup is built by
interns, including ours. Web application, content and branding, core
business development...it was done with their help," he says, giving the
example of the first person Internshala hired as an intern. "He now heads
corporate relations with 15 people under him." Of Internshala's 70 regular
employees in Gurugram, 55
were hired as interns.
·
Interns contribute about 5% of the
revenue share, according to founder Srikanth Iyer. Though
not a huge chunk, it's significant enough to affect the business financials, he says.
·
Lenskart
too recruits about 50% of
the interns hired every year . Lenskart hires around 12
interns a year, including management students from IIMs.
·
For students, internships provide a chance to do impactful work while in
college, and the freedom to pick up new skills and try new ideas. It gives
young people confidence in
their abilities as well as helps them decide if they want to be entrepreneurs or pursue more
traditional roles.
·
Since
there is no legal contract
binding them to one company, students can hold multiple internships at a time or move from
one company to another easily.
·
Internshala's Agrawal says the salary of an intern at a startup ranges
from Rs 8,000 to Rs 20,000
a month. Bansal is more generous: At Lenskart, interns get up to Rs
75,000 a month. As startups grow, the money doled out increases. "Eight
years ago, this figure would have been Rs 5,000," Bansal says.
==================================
==================================
In a “ Dog eat
Dog “ economy,“ Profits “ is no more a dirty world . It is the “ Holy
Grail “ – without which , nearly 90 % of the Start Ups close down within 5 years !
And , among the various “ means “ to achieve this “ end “, low “ Manpower Costs “ , is an important means .
Hence the growing popularity of “ Internship “ for graduates , as can be seen from
the above news report
But , out of some 12 million youth who join the workforce ( -
join the ranks of unemployed ? ) , graduates constitute only 3.5 million . Rest 8.5 million are undergraduates or just 10th
Standard ( pass or fail )
If the Government can motivate the employers at large ( - and not
just Start Ups ) to hire these 8.5 million as “ Apprentices “ , without burdening them
with minimum wages , there is a good chance that they will get hired
To know the details of how this can be achieved , read
:
======================================================
Skill Capital of the World ? [ 06 June 2016 ]
======================================================
Universal Basic Income [ 20 Jan 2017 ]
https://myblogepage.blogspot.com/2017/01/universal-basic-income.html
====================================================
Discovering the Obvious ? [ 30 Nov 2017 ]
https://myblogepage.blogspot.com/2017/11/discovering-obvious.html
====================================================
Saving Jobs : Creating Jobs [ 19 Dec 2017 ]
https://myblogepage.blogspot.com/2017/12/saving-jobs-creating-jobs.html
================================
https://economictimes.indiatimes.com/jobs/five-policy-experiments-in-the-works-across-the-world-to-tackle-new-workspace/articleshow/62396496.cms
=======================================================
08 Jan 2018
www.hemenparekh.in
/ blogs