An experiment was recently conducted in the Indian city of Bengaluru to study whether formal skills training provided to low wage earners provides benefits to the company. The pilot training was provided by Personal Advancement and Career Advancement (PACE) a corporate training programme developed by Gap. It was realized that there was a seven percentage points’ increase in productivity post this training among these employees. About sixty thousand workers in twelve countries have been trained by the PACE methodology, with nearly half of them in India. The Indian government plans to train about ten million people on life skills such as entrepreneurship, soft skills, financial and digital literacy so such a procedure could help. This programme has also contributed to Gap’s target of a million plus outreach for women and adolescent girls by year 2020.

Source:https://hbr.org/2017/07/an-experiment-in-india-shows-how-much-companies-have-to-gain-by-investing-in-their-employees?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert&referral=00563&spMailingID=17730018&spUserID=OTY0OTMwNTk5NwS2&spJobID=1061906882&spReportId=MTA2MTkwNjg4MgS2

Uploaded Date:31 July 2017