According to new research by the International Labour Office (ILO), about one billion individuals, or around 30% of the global workforce, are unemployed or underemployed in both developed and developing countries. At least 34 million people are unemployed in the world's wealthiest countries, according to the Organization for Economic Cooperation and Development. Last year, unemployment in the European Union rose to an average of 11.3 percent of the workforce.
India is classified as a Third World country and is currently in the process of development. India's progress has been hampered by a high poverty rate, corruption, an out-of-date caste system, and other key concerns.
India's unemployment rate rose to its highest level since 1991 during 2020 as a coronavirus pandemic caused the economy to come to a screeching halt, according to a study. The nation saw one of the toughest lockdowns in the world starting March last year as the pandemic claimed numerous lives, with stringent restrictions on mobility and economic activities across the board.
Students have also suffered greatly as a result of the pandemic. Despite the fact that they have acquired a variety of abilities and experiences, there is no single platform where they can keep all of their accomplishments, and as a result, those achievements are lost over time due to lack of maintenance. India also has a tier structure for colleges that functions as follows.
Let's start with those students who had a good academic record until 10th grade, who studied during 11th and 12th grade, but still couldn't get into Ivy institutions and joyfully rolled into Tier 3/Tier 4 colleges. They study intensively for the University exams in order to maintain their "good" profile. They receive a score of 75 percent plus, 65 percent plus, or 85 percent plus. They complete their final year and are placed in SWITCH firms. These jobs are quite underpaid. Because the duties are so mundane, no matter how brilliant or talented at programming a person is, they will never stand out from the crowd in such a profession.
Companies also prefer to hire from top-tier colleges, which means that lower-ranked college students, regardless of their achievements, are overlooked.
We did this survey after asking our friends what they believe about getting hired in their ideal jobs. This is exactly what they said: Survey Link
76.2% of them stated they are doubtful if they will be able to get a quality job. We're not convinced how fair this system of hiring is.
We are bringing Enacto to put an end to this unjust and also to make the recruiting process considerably easier for companies.
What it does
- Our software assists students in keeping track of their progress throughout their college years.
- Our programme generates a thorough chart as well as graphs for each student, indicating their primary interests.
- Our app delivers a full report on each student's progress, including their domain choice, domains in which they excel, and an aggregate progress report for the entire student body.
- Our software has a real time leaderboard for each domain, allowing one to compete with people from all around the country.
- All of one's achievements, as well as one’s whole progress report, can be found in one location with our app. One can retrieve all of their data with just one click!
We realise how exhausting a company's hiring process may be. However, for a small sum of money, we are able to provide them with the greatest applicants with the least amount of effort. There are three subscription packages available in our app:
- A corporation can locate the best applicants with their real-time profile progress and choose suitably.
- The best pupils will be highlighted on the leaderboards.
- They can auto validate the pupils' relevant details for a slightly higher fee.
- They can also search through the student database filtering the results based on their required domains.
So no more pricey processes or trip fees, and no more wasted time scouring every college in the country for suitable candidates. Our app saves you time and money at the same time.
So, what distinguishes each subscription pack?
As mentioned earlier, we have three subscription packs:
Silver. A company has to have a monthly subscription of any package of their choice. The amount of student data that each package offers is the key difference among them.
Not just businesses, but also colleges, can have a monthly subscription of rupees five thousand to our app to keep track of their students' development. They will be able to see how their students are doing, what their interests are, and they will receive relevant job offers right to their inbox.
Also, because it is a new platform, we are aware that we may not have a high income percentage in the first year of our start-up. So, in order to keep a consistent revenue stream throughout the year, we've integrated Coil into our platform, which will allow us to monetize the web. This allows streaming micropayments - or fractions of a penny - to flow to websites in real time as users read, watch, or listen.
How we built it
We started the project after brainstorming for 5 hours, and we were working together locally. From that time, we hacked continuously and, were able to complete a basic working model in 21 hours. After that error handling begun and, preparation of the other necessary documents i.e. video and PDFs begun. And we were able to complete everything 2mins earlier than the deadline.
Challenges we ran into
There were numerous challenges that we faced while building this application, those were mainly implementation of chartjs and coil (we never knew about web monetization) and it feels amazing to be able to monetize our platform. Also preparation of the video which would stand different from the others was a big challenge we faced and could pull this off well after putting a huge amount of effort.
Accomplishments that we're proud of
We are proud to be able to complete this project in the short deadline and it is an achievement itself to be able to pull this off by handling so many complexities at the same time. Everytime the deadlines flashed we were more and more afraid of how we can pull this off. We are very happy to create such a platform for students like us.
What we learned
We learned how to work efficiently in deadlines. We learned to implement chartjs in our application, also implementing Coil was also fun.
What's next for Enacto
We are planning to integrate AI in our application to provide more authentic and quality activity data which would make hiring process much easier and a notch higher.