Hardeep Singh
BluElement will help you to continue
In reaction to COVID-19 spreading throughout the world, countries proclaimed countrywide lockdowns which resulted in job cuts and high rates of dropouts, smaller and have fewer resources as a result of their mere existence.
Three reasons contribute to third-grade dropouts: poverty, scarcity, and inaccessibility. However, in India, schools have had less success in lowering dropouts in this critical era. Financial constraints or the inability to pay for education are still important causes of school dropout in India.
Because of this, 14% of the boys have had to drop out of school. As digitalization and automation continue to infiltrate every sector, changing job duties, positions, and skill requirements, Human Resource (HR) as a function is falling behind.
Large-scale workplace changes, it is commonly accepted, would demand more data-driven and digital HR practices. Professional management is now necessary to help organizations not just hire, but also hire smartly, as well as engage and retain employees.
Former employees Vinod John and Anurag Kapoor founded HireLoop and EngageLoop in 2018, two of BluElement Technologies’ key products for labour management.
As a result of the project, organizations ais to reduce dropout rates and strategize more effectively by providing prospects with data and joining likelihood ratings. According to the candidate’s profile and abilities as well as their notice period, the platform creates what it calls a “unique interaction template.”
Both of them understood the need and the stress a person has to deal with when he or she dropouts. Moreover, both are best friends and through their innovative startup, promises to deliver a whole new experience to all the youngsters.
Their website is divided into two categories: Engage Loop and Hire Loop, that caters different needs of different clients. EngageLoop started in 2020 as a result of its simplicity and adaptability, it encourages employees to acknowledge and celebrate their achievements.
Staff can earn points that can be exchanged for gift cards or products by completing tasks and earning badges, honours, and awards. HireLoop launched in 2021, from start to finish, this is a world-class solution for engaging candidates.
Each applicant is given a candidate engagement specialist after an in-depth risk assessment to increase engagement from offer to onboarding. With the help of our specialized and thorough strategies, we keep prospects interested and up to date throughout the recruiting process.
50 firms utilize HireLoop, and there are 15 more that are on their way to using EngageLoop. There have been 5,000 applications on the sites thus far. They have a total of 20 entry-level employees and 10 IT specialists.
Depending on the candidate’s profile, the type of contact, the value provided, and other criteria, the cost of BluElement might range from $10 to $500 each month. Over $500,000 in donations from relatives and friends have already been received, and the organization is looking for more money.
When a job is advertised, the site creates a “one-of-a-kind interaction template” based on the candidate’s profile, skills, notice period, and other factors. Startups engage with candidates in a variety of methods, referred to as “touchpoints” in the template.
Following that, the platform assigns engagement employees to call prospects and assess their voice tone and personality. As a result, the platform generates a predictability score that assists organizations in better understanding candidates and their dropout rates.
It also aids them in devising retention measures. Startup through this anticipates why an application was denied and provide recommendations to future applicants.
The average dropout rate in India for elementary students is 4.13 per cent, 4.03 per cent for upper primary students, and 17.06 per cent for secondary students, according to the MHRD’s 2018 report on Educational Statistics at a Glance.
Startups may be small businesses, but they may have a major economic impact on a region or country. Because they produce more jobs, the economy grows and the job market improves as a result of this.
Also, by encouraging innovation and boosting competition, start-ups can contribute to improved economic vibrancy. Therefore, startups like these should always be encouraged so that they come forward and contribute fullest to our Indian societies.
For more news and information on startups, stay tuned to StartupTrak.
