csr funding in career counselling
TRANSCRIPT
CSR Funding in Career Counselling
REPORT RESEARCHED BY: CRAFT DRIVEN MARKET RESEARCHRESEARCHER: AAKANKSHA AGGARWALCONTACT: +91-9560847547|[email protected]
Outline of presentation
1. About the report2. What is CSR and Corporate Law 2013?3. CSR payback to corporate4. Government efforts in education5. Corporate efforts in education6. CSR and Career Counselling7. CSR initiatives in Career Counselling8. Findings and analysis9. Government Scheme- Career Counselling10. NGO efforts to support Career Counselling11. Impact of Career Counselling
About the report
This report has several purposes and will interest Audience from corporate sector and NGOs Businesses who are thinking to invest their CSR funding in
education sector NGOs who are interested in improving career guidance at
national level. Career counsellors will also be benefited by understanding on
how to widen the scope of their services. Schools and education institutes can seek benefit from the report
as a guideline towards implementing career counselling at their premises and learning challenges that most of the NGOs and career counsellors have faced in inspiring career counselling programs.
What is CSR and Corporate Law 2013
The companies Act 2013 has been introduced that has mandated investment in CSR as well as disclosure of CSR initiatives undertaken by corporates.
A company which could be domestic or foreign, having a minimum worth net of Rs. 500 crores, turnover Rs. 1000 crore and net profit of Rs. 5 crore has to put at least 2 percent of their profit in CSR.
CSR Payback to corporates
A corporate decides its CSR spending itself and it is totally voluntary how it wants to spend mandatory section of CSR in accordance to its business strategy and market pressures.
Government provides support to corporates in CSR through tax exemptions, endorsements, award schemes, corporate training and certification system, thus increasing corporates’ market competitiveness.
Projected spend in CSR 2020- Study of 250 BSE listed companies
2014-15 2015-16 2016-17 2017-18 2018-19 2019-200
2000
4000
6000
8000
10000
12000
14000
5311.4966096.2222
7084.451904
8686.1540736
10423.38488832
12641.12635392
Projected CSR spend (INR crores)
It has been assumed that even after the company Law 2013, there will be new companies unable to spend total prescribed amount in CSR
Percentage of companies engaged with different CSR
segments
Hea lthca
re
Sanitatio
n
Education and sk
i l l de...
Environment
Rural d
evelopment
Gender Equal i t
y
Urban D
evelopment
Heri tage, A
rt and cul ...
Re l ief f
und
Sports
Armed fo
rces
Infrastr
ucture
Deve lo ...
Community D
evelop...
71.1
5
26.9
2
84.6
2
47.1
2
32.6
9
9.62
1.44 13
.46
18.7
5
14.4
2
2.40 5.29
24.0
4
Government efforts in education
There are around 130 countries above India which have higher % spending on education. India does fairly well at a global average with around 3% of expenditure on education that includes schools as well as higher education but excludes skill India and vocational training.
One of the attractive feature of new budget 2016 is to set up digital depository of School Leaving certificates, college degrees and other documents and promotion of open online courses.
Higher education has been given preference by setting up of HE Financial Agency with an initial capital base of Rs 1000 crores
Corporate Efforts in education
Axis Bank LtdInfosys LtdWipro Ltd
National Mineral Dev. Corp. ITC Ltd
Bharat Heavy Electricals Ltd Larsen & Toubro LtdTech Mahindra Ltd
Oil & Natural Gas Corp Ltd Tata Steel Ltd
Cairn India Ltd Bharti Airtel Ltd
Jindal Steel & Power LtdMaruti Suzuki India Ltd
Hindustan Petroleum Corp Ltd
0.00 20.00 40.00 60.00 80.00 100.00 120.00 140.00115.59
103.0392.7791.98
66.2163.25
57.5350.50
48.2844.59
39.7426.7026.5426.30
22.49Top 15 ' CSR spends in education (INR crores)
Major components of education spending by
corporate sector Infrastructure Development Education loan Scholarship to needy students Laboratories Toilets Vocational training Career counselling
• Special education• Education for differently abled• Education material
distribution• Education tours• Hostel building• Mid day meal related
Government Scheme- Career Counselling
Narendera Modi’s government launched National Career Counselling on July 20, 2015
It is aspired to provide right information and scope to all the job seekers in government sector.
There is expected availability of content on over 3000 occupations across 53 sectors and industries.
This is expected to bring all the students on board who are seeking career guidance, unemployed candidates and those looking for vocational guidance.
Companies engaged in career counselling
No83%
Yes17%
NoYes
Scope of career counselling
There are certain traits in a person (student here) that makes them efficient in one or more fields and counsellors support students to find out that field through a series of tests and analysis.
Career guidance is not fully effective if given at student level only, since it involves other factors as well such as society, family, culture influence, changes in market, career scope and student’s personal identity.
Considering the scope of reach of career counselling it is a total of 29 million students at least.
For complete report and more information contact:
Aakanksha Aggarwal, Founder, Craft Driven Market ResearchContact: +91-9560847547, Email: [email protected]
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