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NIIT unveils TPaaS to ensure availability of skilled talent 26/06/2018 10:02

NIIT Limited, a global leader in Skills and Talent Development has said that it has unveiled first-of—its-kind strategic initiative - Talent Pipeline as a Service (TPaaS), to ensure reliable availability of specifically skilled talent to global organizations to match the pace of expansion in today’s fast changing, uncertain business environment.

NIIT will train around 1,00,000 youth in 3 years for aspirational career opportunities in leading corporates in the IT & BFSI Sectors through this initiative. The IT sector is facing uncertainty of demand and would like to move to a lustvin-Time hiring model. The sector also needs talent that is specifically skilled on digital technologies so that they can positively contribute to projects from Day 1.

The BFSI sector is having to deal with a situation, wherein the work profile is changing dramatically. As per the ECG report titled "Indian Banking 2020: Making the Decade’s Promise Come True”, by 2020, 70 per cent of banking & finance jobs would be in sales and/or relationship management. This requires new skills sets to be hired across the BFSI sector.

Meanwhile, shares of the company were trading at Rs 96.05 apiece down 0.62 per cent from the previous close at 10:00 hrs on BSE.

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