A brief glance into the emerging world :
As much as it was berated in the years gone by, it is India’s young talented population which is now turning out to be her biggest asset. Sample some of these figures:
The world aging population is estimated to be close to 360 million older people who will no longer be working. Add to this, the 38 million college-educated workers, whose skills will already be in short supply. The world is graying at a break-neck pace and that’s bad news for the global economy.
By 2020, 13 countries will be “super-aged” — with more than 20% of the population over 65 –according to a report on Global aging by Moody’s Investor Service. That number will rise to 34 nations by 2030. Only three qualify now: Germany, Italy and Japan. The unprecedented pace of aging will have a significant negative effect on economic growth over the next two decades across all regions.
In the U.S. studies are showing that except for upper- and top-level management, for semi-skilled and skilled positions most companies don’t want workers with more than 15 – 20 years of experience. People in their mid-40’s with relevant college degrees with 20 plus years of relevant work experience are often reporting that no company will interview them for a job in their field (especially if they have been laid off or their previous employer went out of business.)
In this scenario therefore a majority of the supply to the global labour force will come from India – With 50 % of its population under the age of 25 and more than 65% below the age of 35.
Globally, it is estimated that over 100 million people will migrate between 2005 and 2050. No wonder most countries have put immigration procedures for qualified immigration on top of their agenda while keeping an eagle eye on fraudulent migrants that are trying to take advantage of the situation.
So, whether it is a job seeker that needs to verify an employment offer made by a foreign employer or the recruiter overseas that questions job seekers professional experience in India, the continued challenge lies in allowing the best match to happen between two sides that are saturated with fraud. How best can Equal Employment Opportunity be restored while keeping open the doors to immigration?
Keeping stride with the economic benefits caused by labour displacement in a fast paced global economy and minimizing exposure to fraud lies at the root of the debate on labour mobility.
The answer therefore lies in creating an open transparent system where workers are sought by employers globally.
What are the types of Workers?
|Existing workers||Aspiring workers|
|Employees of organisations working in India||Grad/PG/ UG +2 students wanting to get into the knowledge economy|
|Employees of organisation working out of India, but tied to their employer back in India||Graduating International Students in foreign countries, seeking job openings|
|Individuals whose work visas are sponsored by one employer and are working with other employers||Students in Grade 8th and upwards|
Pain Points: What do workers need? And what are their specific challenges?
|Type of Worker||Specific Need||Gaps in Value|
|Employees in India||Promotion at work, Better Job Opportunities (local / Overseas)||Limited Indian Labour Legislation restricting labour flexibility, employee poaching (organised sector)|
|Employees working out of India, but tied to their employer back in India||Direct hire by local companies, wages at par with local citizens, zero brokerage of intellectual capital, better living conditions||Employee poaching ,Involuntary servitude to their employers, Limited Indian Labour Legislation (organised sector)|
|Individuals on guest worker visas||Direct hire by local companies, wages at par with local citizens, zero brokerage of intellectual capital, better living conditions||Employee poaching by body shops, Beholden to visa sponsors & Involuntary servitude, Guest workers as products of displacement adding economic value to foreign nations , limited Indian Labour Laws & selfish US immigration policy|
|Grad/PG/ UG +2 students in India||Assistance for admission process in educational institution of choice (local or overseas), Hands-on practical experience to apply classroom learning (internship), Seeking entry into the job market, dependencies on campus interviews||Tremendous gap in classroom teaching and industry expectation of aspiring workers. Industry – Academia Mismatch. Rampant Fraud in Academia & growing education related scams|
|Graduating International Students in foreign countries, seeking job openings||Direct hire by local companies, wages at par with local citizens, zero brokerage of intellectual capital, better living conditions||Fear of intellectual capital brokers, less pay, no permanent job, increased portability requiring travel via employee rotation, employee poaching by body shops|
|Secondary School Students (Grade 8th – 12th)||Need handholding, Proper career guidance, prepare students entry in the organised sector, Make information available to career options.||Extremely internet savvy, yet unsure about career choices. Lack of mentorship, Parents disconnected from growing career options. Dependence on 3rd party education counsellors (tuition classes)|
The pain points that exist today for foreign employers and the Indian Knowledge Worker
While the new emerging world offers a lot of opportunities for India’s young population; but there also are challenges which both the employers and prospective foreign bound Indian knowledge workers are facing. If one were to look at only America, some of these challenges are outlined below:
– America’s ‘Staffing Only’ firms, can also sponsor a work visa for a citizen from abroad. In terms of recruitment, the term ’employer’ therefore is ambiguous and misleading for a worker in India, to whom the complexity of ‘dual employment’ overseas are largely unknown
– American Work Visa sponsors bind their sponsored employee via elaborate employment contracts, prohibiting them the freedom to find work elsewhere.
– The Brokerage of Intellectual Capital drives down wages, and foreign guest workers are often underpaid. Multiple layers of broker agencies, that earn a per hour commission of their visa sponsored employee creates a grey market. Large scale grey market with invisible recruitment happening online to poach workers from India is a growing concern.
– America’s work visas are used for temporary labour and very few sponsored guest workers gain permanent residency. No data on the H-1B work visa petitions converted to Green Card is available with the government.
As the demand for foreign workers increase, the process of supplying this demand in the shortest possible time will therefore be critical for companies dependent on Indian labour.
Segment of existing workers based on vintage of experience and / or designation?
|Category Of Workers||Designation of Worker by Role Played||Estimate (million)|
|Junior||Senior||Lead Role||Project Head||Manager||VP / Mgmt|
|Employees in India||X||X||X||X||X||X||500 million plus 14 million every year since 2004|
|Employees out of India, on short-term assignments tied to their employer back in India||n/a||n/a||X||X||X||n/a||Employees on short -term knowledge transfer work. 18 million plus|
|Employees on guest worker visas (body shops)||X||X||X||n/a||n/a||n/a||Approx 30 million worldwide|
|Employees on guest worker visas (direct hire)||X||X||X||X||X||n/a||Approx 10 million worldwide|
|Total Market Size||700 million workers|
Footnote: A worker is categorised in 3 different work environments. Data points are generated by further classifying the ‘designation’ (role played). To make classification easy, we define the workers in either of the two instances – (1) is part of a team and (2) one that manages a team. Estimate (million) is the estimated total market size.
What each segment needs that is going unfulfilled today? How does NOSTOPS add value?
|Type of Worker||Gaps in Value||NOSTOPS Value|
|Employees in India||Limited Indian Labour Legislation restricting labour flexibility, employee poaching (organised sector)||Bring direct job openings with zero broker intervention. Post job openings only from Fortune 100 employers. Build awareness through media and articles on site|
|Employees working out of India, but tied to their employer back in India||Involuntary servitude to their employers, Limited Indian Labour Legislation (organised sector)||Bring direct job openings with zero broker intervention. Post job openings only from Fortune 100 employers. Build awareness through media and articles on site|
|Individuals on guest worker visas||Beholden to visa sponsors & Involuntary servitude, Guest workers as products of displacement adding economic value to foreign nations , limited Indian Labour Laws & selfish US immigration policy||Bring direct job openings with zero broker intervention. Post job openings only from Fortune 100 employers. Build awareness through media and articles on site|
|Grad/PG/ UG +2 students in India||Tremendous gap in classroom teaching and industry expectation. Industry – Academia Mismatch||Promote internship projects with employers/start-ups. Bring direct job openings with zero broker intervention. Post job openings only from Fortune 100 employers. Build awareness through media and articles on site. Make available academic application process accessible and one on one (locally / overseas)|
|Graduating International Students in foreign countries, seeking job openings||Fear of intellectual capital brokers, less pay, no permanent job, increased portability requiring travel via employee rotation|
|Secondary School Students (Grade 8th – 12th)||Extremely internet savvy, yet unsure about career choices. Lack of mentorship, Parents disconnected from growing career options. Dependence on 3rd party education counsellors (tuition classes)||Bring specific content, build an eco system of parents, students and educational experts together, and create a mentorship process by and between the users.|
What is the size of NOSTOPS Target Audience?
|Employees in India||India’s population is 1.09 billion. Out of this, 496.4 million people (45% of population) count as its labour force. It is estimated that 14 million individuals enter into Indian labour force every year.|
|Employees working out of India, but tied to their employer back in India||L1 visa holders to United States have a blanket provision allowing entry to unlimited number of employees of an organisation, Employees on knowledge transfer to other countries totalled to approximately 18 million plus Indian workers in 2010.|
|Individuals on guest worker visas||Approximately 30 million worldwide.|
|Grad/PG/ UG +2 students in India||India has a stock of some 22 million graduates, including 6 million science graduates, 1.2 million with engineering degrees and 600,000 doctors. India’s higher education system contributes about 350,000 engineers and 2.5 million university graduates annually to our workforce. India has more than 15,000 colleges and just fewer than 10 million students.|
|Graduating International Students in foreign countries, seeking job openings||Approximately 1,60,000 Indian students go to foreign universities for higher education|
|Secondary School Students (Grade 8th – 12th)||Approximately 1 billion students|
What is Our Vision?
To actively promote circular migration, by creating an ecosystem of community of like minded users; by using technology, minimize risks for both the job seekers as well as the foreign employers
– Facilitate the issues of the Indian knowledge worker
– To communicate issues that hurt to drive legislative reforms around the issue most common.
– Bridge the information gap and enhance cooperation between India and the respective country of employment.