HDFC ERGO endeavors to bridge the skill gap in India with the launch of ‘Vidyaavriksh’ learning academy
HDFC ERGO General Insurance Company, a leading general insurance company in India launches ‘Vidyaavriksh’ learning academy, to enhance the skills of the young workforce. This academy will focus on specialised courses and function-specific training pathways under seven distinct academies namely Leadership Development, Customer Experience, Digital, Sales, Finance, Technical and Human resources.
India is at a burgeoning point when it comes to the young workforce. Studies suggest that 100 million youth are expected to enter India’s workforce by 2030*. While this is a great opportunity, the fact remains that lack of skillset among youth is a major challenge today. 75% of companies feel that there is a gap in the desired skillset among youth, which will result in 44% of the youth being unemployable by 2030. HDFC ERGO’s Vidyaavriksh will help in bridging this gap and make youth future ready. The curated training programmes will skill, re-skill and up-skill the youth of India to step onto accelerated professional growth.
Speaking at the launch, Anuj Tyagi, Deputy Managing Director, HDFC ERGO said, “Learning is the new currency and skill will be the primary differentiator going forward. At HDFC ERGO, we believe in the philosophy – the future is here and now, and Vidyaavriksh is a step towards realising that. Starting with employees and partners, through this academy, we aim to serve the community at large towards skill development.”
At HDFC ERGO, our customers and employees are at the centre of our initiatives. As an organisation, we firmly believe in continuous learning and thrive on innovation. However, one challenge that Corporates collectively face today is the mismatch in skill leading to a talent crunch. Organisations need to collaborate and work towards addressing this increasing skill gap to improve employability. Our learning academy ‘Vidyaavriksh’ will transform the skill ecosystem of our nation and empower the youth with the right skill set and prepare a future-ready workforce empowered to contribute to the economic growth of our nation.”
The academy’s launch was led by a keynote speech from Manish Kumar, Ex MD & CEO, NSDC, who spoke about the existence of skill gaps, and the roles the private sector & government play in connecting employment to skilling.
The management guru, Gurcharan Das also graced the launch ceremony and enthralled the audience with his simple and meaningful lessons about overcoming challenges and the value of incremental business growth.
The initiatives under Vidyaavriksh will be rolled out in three phases, with Phase 1 being opened to the employees of HDFC ERGO, and Phase 2 and 3 being further extended to channel partners and communities at large.
Vidyaavriksh academy is an HDFC ERGO initiative in collaboration/partnership with renowned institutions such as ISB, Aon, Great Place To Work, Great Manager Institute, Talentnomics, Jombay, Speakin, Hero Mindmine, Enparadigm, Peoplestrong, Disprz, Salto Dee Fe and People Konnect. The pedagogy and designing will be domain-specific and create deeper capabilities building a reliable talent pipeline that is skilled to deliver and ready to deploy. Each of the seven academies will be led by vertical heads and a team of professionals
*Skill India Report
About HDFC ERGO:
HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd. and ERGO International AG; the primary insurance entity of the Munich RE Group of Germany. HDFC ERGO is one of India’s largest non- life insurance company in the private sector. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience. The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), Robotics and IBM Watson. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~94% of retail policies issued digitally. The self-help tech platform developed by HDFC ERGO has empowered the customers to avail 68% of the services digitally in a self-help mode on a 24×7 basis.
