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Employee Diversity
NextWealth / About / Social Impact
Social Impact
Quality of Life
Spend on nourishment & clothing of employees has doubled after their NextWealth job
- 79% employees are economically better-off than their local classmates
- % Spend on nourishment & clothing of employees has doubled after their NextWealth job
- 42% Employees save more after NextWealth job; 55% in case of women
- Being closer home, 79% women feel very secure
Self-esteem
72% Growth in self-confidence to face life’s good/bad situation in the future, after joining NextWealth & improves to 82% with tenure
- 76% Employees & their family take high pride in NextWealth Job
- 72% Growth in self confidence to face life’s good / bad situation in future, after joining NextWealth & improves to 82% with tenure
- Learning on Quality, Punctuality, Time management & Hard work have given employees confidence
Family
On an average, employees’ shoulder 44% of family income
- 85% are delighted to have family’s presence during health / financial / emotional challenges
- On an average, employees shoulder 44% of family income
- 71% cherish the ability to connect to roots through family functions, village festivals & programmes
Community
Women employees’ propensity to early marriage improved by 2-3 years
- Women employees (of financially stressed families) empowered to choose a better partner
- Women employees’ propensity to early marriage improved by 2-3 years
- Women employees’ clarity on life’s goals improved : 71%
- Propensity to migrate to a bigger city mitigated : 55%
- About 10,000 direct and 30,000 indirect + induced livelihood generated
NextWealth Employee Social Status
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%
Dailywage worker
0
%
Micro Self Employment
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%
Farmer
0
%
Weaver/Artisan
0
%
Employed in Small Business
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%
Govt. Employee/Retired
- Small town parents invest in education of their children in a hope of better future. Many of the children are first time graduates in their families
- But, in small towns, employment opportunities for graduates are sparse. They either migrate to big cities or settle for local jobs which do not do justice to their education
- Those who migrate, may not enjoy a good quality of life in the cities. Also, away from roots, they may be prone for emotional ill-health
- Situation is more challenging for women as migration is not encouraged. They end up getting married early. Further, this does not contribute to a positive self-esteem
- NextWealth, through its unique local entrepreneur-led business model, has succeeded in bringing hi-tech employment to small towns
- This employment improves the employee’s Quality of life and Self-esteem ; Empowers their respective Families and larger Community
Work From Small Towns
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