uFaber is an Ed-Tech start-up based in Mumbai which has pledged to hire 1000 WFH (work-from-home) teaching professionals in the coming 6 months. This is great news for job creation in an environment where people are suffering from mass layoffs, dismal job markets, and salary downgrades.
How has uFaber been able to create jobs?
uFaber has been able to create jobs owing to their ‘hyper-personalised’ learning offering. Also, parents renewed interest towards extracurricular learning through an expert trainer or personal coach has helped them immensely. Their job creation boom stems from their discovery of the potential of qualified women trainers working from home. The explosion in the demand for ed-tech platforms amidst the shift to remote learning in the pandemic has helped platforms like uFaber ramp up their hiring efforts. Thus, creating more work-from-home jobs for teaching personnel. uFaber realised early on, even before the pandemic that qualified professional women trainers all across India were waiting for jobs following the WFH model. By targeting this untapped segment, they were able to create a goldmine of job opportunities.
How Start-ups creating jobs is a boon to the economy
The higher adoption of ed-tech platforms is creating jobs which is subsequently proving to be a saving grace for the disrupted economy. Ed-Tech is capitalising on the significant internet penetration within the country and thus contributing to negating the ill effects of Covid on the economy. By creating jobs for the largely untapped segment of stay-at-home teachers in India, Ed-Tech is directing its cash flow coming in from investors to deserving, qualified citizens. The biggest impact of the economic downfall has been the wiping out of jobs. By restoring job opportunities, ed-tech start-ups are helping the economy recover.
Job creation by the Ed-Tech sector
With the steady and accelerated growth of the Ed-Tech sector, it’s become a hot new playground for investors and Venture Capitalists. In 2020, when the pandemic was in full swing, Ed-Tech bagged over $2.2 B in funding, most of which has obviously gone into hiring efforts by start-ups. Ed-Tech’s blended teaching and learning methodology is not only creating jobs now for trainers but is also preparing students to be ready for the unconventional jobs of the future. In 2021, BYJU’s, a big player in ed-tech will be responsible for creating 8000 job opportunities. Similarly, uFaber and another noteworthy player in Ed-Tech, ‘Vedantu’ will add 1000 and 2500 jobs to the market respectively in the remainder of 2021.
The higher adoption of ed-tech platforms is creating jobs which is subsequently proving to be a saving grace for the disrupted economy.
What’s in it for me?
There are plenty of qualified women in rural India who are trained in teaching. Ed-Tech start-ups have a golden opportunity to onboard them to your platform because traditional schools are no longer an avenue for employment for these women. But this opportunity is not only restricted to women since even male teachers are suffering from job losses and are well deserving of WFH teaching opportunities.
Your ed-tech platform can bridge the digital divide between these capable teachers/coaches/trainers, and enthusiastic students who are desperate for personalised learning outcomes. By enabling and empowering women teachers in remote places across India, your Ed-Tech start-up will have a massive leverage both in terms of women empowerment as well as towards contributing to saving the economy. You can make immense profits since the market is huge for 1-1 coaching for several exam prep like UPSC, spoken English, IELTS, etc.