24x7 Learning partners The Retail Academy, UK
Brings cost-effective eLearning solutions for the Indian Retail sector; Training will cover Retail Security, Visual Merchandising, Customer Service, Floor Sales and much more
Tweet-- 24x7 Learning, India’s premier TalentLifecycle Management Company today announced their partnership with The RetailAcademy, UK’s leading provider of online training programs for the retailsegment. With this association, 24x7 Learning has a complete eLearning basedtraining solution to help the retail industry cut training costs drastically.
Anil Chhikara, President, 24x7 Learning, said, “India has been ranked as the mostpreferred retail destination for international investors. The sector is on a high growth trajectory and is expectedto grow by more than 27 per cent over the next 5 to 6 years. This rapid growthwill require a steady flow of skilled manpower. With training, educatedbut currently unemployable graduates can be groomed into ideal candidates for roles in modernorganized retail formats. Tapping into this chunk of educated youth anddeveloping their skills can result in tremendous cost savings in the retailsector over a period of time.”
Training expenditure today is viewed asa critical investment in human capital, and an effective method of increasingemployee retention. eLearning provides significant cost savings in comparisonto traditional training delivery methods. eLearning has the ability to cut outexpenses related to instructors, locations, and travel, and can consolidateeducation and training across geographical and time constraints. Resultsinclude reduction in learning time, increase in knowledge retention rates andultimately, cost savings.
Speaking on thepartnership, Anil Chhikara, said “We’re very happy to partner with TheRetail Academy and believe that the content offering they have for retail iscomprehensive and best-of-the-breed. Integrating this content with our LearningManagement System-24x7 LearnTrak™ - we can now build and implement VirtualAcademies for large and geographically spread retail players in the Indianmarket. This partnership is in line with our strategy of identifying worldleaders in each industry vertical and bringing them to Indian customers”.
Accordingto recent studies; retail contributes to 10 per cent of India's Gross Domestic Product andprovides employment to 8 per cent of India's working population. The shareof organized retail is projected to grow to US$ 43.8 billion out of the totalretail sector revenues projected at US$ 460.6 billion in 2010-11. Existingplayers are increasingly turning to TierII and Tier III cities for retail establishments and manpower sourcing. Thesecities offer significant cost advantage in the form of low-cost skilled resources. With some training, these graduatescan be groomed into suitable candidatesfor the retail sector. Skills of existing manpower can be upgraded andthey can be groomed for better productivity through continuous learning. Thisencourages employee growth and aids retention, in what is otherwise a volatilejob market.
Rob Arntsen, CEO -The Retail Academy added, “We’re extremely happy to associate with 24x7 Learning, aleader in the Indian eLearning solutions space. Organizations like TESCO, JetPetrol etc. have implemented our programs successfully. We’re looking forwardto the Indian Retail sector leveraging Retail Academy’s tools and resources, deliveredon LearnTrak - 24x7 Learning’s LMS, for optimal organization learning”.
Retail Academy has content spanning all areas of retailknowledge and training. Areas covering Retail Security, Visual Merchandising,Customer Service, Floor Sales, Marketing, Retail operations, features likeskill gap analysis, personalized training plans etc. and much more, make it anexciting solution for retail.Notes to Editor
About The Retail Academy
The Retail Academy is aninternational learning organization providing best-of-breed resources and toolsdesigned to make a real impact on a retail business's bottom line. Thee-learning, tools and qualifications are designed by retailers, for retailers,to help people at all levels of retail to know more and do things better.
The Retail Academy wasestablished in 2003 to provide a better way of developing retail trainingmaterials. The leading Business School at Manchester Metropolitan University andleading technology company MyKnowledgeMap teamed up with retailers and othertraining organizations to create a new kind of partnership that focused onretailers' business needs, and delivered training using the web.
About 24x7 Learning
24x7 Learning is a leading consulting, technology services andoutsourcing company committed to delivering technology enabled learningsolutions. As India’spremier Talent Lifecycle Management Company, it enables organizations to besuccessful globally by upgrading their workforce to compete in the globalmarkets. Headquartered in Bangalore, 24x7Learning has regional offices in Mumbai, Delhi,Chennai, Hyderabad, Pune,and Kolkata. Some of 24x7 Learning’s marquee clients include: The Aditya BirlaGroup, MindTree, Accenture, Samsung, Essar, Mahindra and Mahindra, Steria,Genpact, Barclays Bank, ONGC India, Dell and PepsiCo.
Accolades andAchievements
*Recognized as the 50 fastest growingcompanies in India by Deloitte for the year 2007 and 2008
*24x7 Learning is the largest e-Learningimplementation company in India with users in more than 25 countries across the world
*24x7 Learning has provided learningsolutions to over a million learners since its inception in 2001
*24x7 Learning serves 7 of top 10 IToutsourcing companies and 6 of top 10BPO/ITES companies in India
*24x7 Learning has been awarded the RedHerring 100 Asia award in 2006
*24x7 Learning is the winner of theDeloitte Technology Fast 500 Asia in 2007 & 2008.
*24x7 Learning is amongst the NASSCOM Top 100 IT Innovators of 2007