With millions of professionals joining the workforce each year, it isn't easy for the national economy to accommodate them all. Despite the sky high growth rates, the problem of unemployment is far from being solved in the country. While the government, with all its resources, is trying hard to make the employees meet the employers' requirements, there are also people like Rachit Jain who have converted this into a business and lifelong goal.
The founder and CEO of Youth4work, Rachit Jain is not your orthodox MBA pass out turned entrepreneur.
I kick-started my career in the elite Mahindra Group and was doing commendably fair. Nevertheless, I always wanted to do something that would revolutionise the way in which talents are identified and hired. I soon resolved to venture for a start-up that could address the countless problem of youngster as regard their career and education. Thus, I entered into the virgin market and christened it youth4work,' Rachit tells us.
At a time when campus placements and high profile interviews are the best known methods of getting hired, getting the companies and job seekers on an online platform couldn't have been an easy task and he is the first to accept it. He explains, 'It was obviously not cakewalk to bring together the group of companies and job seekers to the platform. But our persistence to rope in the best talent and keeping their interest in the businesses intact performed magic for our business.'
Urging the budding entrepreneurs to look beyond the flashy and starry world of start ups, Rachit calls it a 'topsy turvy' path which needs 'vision, persistence, passion, and belief in oneself' in order to succeed. Though he doesn't have a hot shot management degree to boast of, he does his job as the CEO magnificently. When asked about his managerial skills, he says, 'The uniqueness of the business and prioritizing products and services over money has helped managing my business without a business degree.'
With over 300 million users and more than 2.3 million tested profiles, Youth4work seems to be doing something right. The users are encouraged to take up prep tests, online certification courses, skill gradation courses and other similar tests, based on which they get their 'yrank' which is visible to the companies looking to hire the talented individuals. While the job seekers aren't charged anything for making their profile, the company has steadily set up revenue streams on both, the demand as well as the supply side.
While there are many job portals claiming to secure the career of youth in the country, Youth4work is striving to be a little different.
We don't wish to be tagged as a mere job portal but our plans incorporate vision to build people intelligence that personalised information and motivate people to comment and collaborate. It is pertinent as statistics depict that approximately 300 million people are expected to venture into workforce in the coming decade, is how Rachit puts it forward.
Before Rachit left us to attend an important meeting, we managed to get a word about Brainbuxa. 'Brainbuxa.com is the 21st century platform that has brought education socialization conceptualized to real grounds. Best educational engine! Wishing you loads of luck and success!' said Rachit before signing off!
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