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Role of Corporate Social Responsibility in Adjustment of Skill Mismatch

G. Venkat Rao, Assistant Professor, Department of HRM, Dr. Lankapalli Bullayya P.G. College, Visakhapatnam Andhra Pradesh 530013, India. , G. Venkat Rao

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Journal of Social Welfare and Management 10(2):p 278-283, May - August 2018. | DOI: http://dx.doi.org/10.21088/jswm.0975.0231.10218.2

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Abstract

Human Resource is an important competitive factor and the present problem with human resources in India is the lack of requisite skills for employability. India is an emerging country and is in transition from agriculture to knowledge based economy. The Corporate Social Responsibility is mandatory in India. The gap between the specific industry skill and the current skill is wide. The National Skill Development Corporation was formed through public-private partnership and funds are committed through mandatory Corporate Social Responsibility. This paper presents the emerging role of business enterprises in the skill development initiatives of government through Corporate Social Responsibility to address skill mismatch. The NSDC survey for the State of Andhra Pradesh in India establishes the net deficit of human resources with requisite skills is 24.8 lakhs. The corporate social responsibility is playing a major role in the overall development of the country by skilling India.

 

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DOI: http://dx.doi.org/10.21088/jswm.0975.0231.10218.2

Keywords

Skill Development; Corporate Social Responsibility; Public-Private Partnership; Sector Skills Councils; Skill Gap.

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