1. There is a large gap between the number of graduates coming out of Indian universities and the number that are employable, with estimates that only 25% of engineering and 10% of general graduates have the necessary skills.
2. This skills gap is caused by academics that focus only on theoretical knowledge and a lack of interaction between industry, government, and academia to develop curricula tailored to industry needs.
3. Improving employability will require bringing employers into the course design process, modifying courses to match industry needs, and building links between educational institutions and local employers through activities like guest lectures, internships, and research collaborations.
2. India and Emerging Trend….
India has
emerged the
second fastest
growing
economy after
China…
India to become
world’s fastest
growing economy
by 2013-
2015:MORGAN
STANLEY.
With the
continuing
structural reform
and
globalization,
INDIA is poised
to
Accelerate its
growth rate to
9-9.5 % over
2013-2015..
3. Unemployability is today a greater issue than unemployment. As APJ Abdul
Kalam, Former
President of India said, "It is not unemployment that is the major problem;
it is the question of
unemployability that is the major crisis in this competitive arena…"
According to a NASSCOM-McKinsey report, The Indian Industry will face its
biggest challenge ever: a
talent shortage of 3.1 million knowledge workers, across Industry, by 2010
compounded by the fact
that only 25 per cent of fresh engineers; and a mere 10% of fresh
graduates are actually employable!
4. 700,000 engineers graduates Employable – 25%
2 million general graduates Employable < 15%
Approximately 75 – 80 million jobs will be created in india over
the next 5 years.. 75% of these jobs will require efficient
employees..
90% of the current jobs in india are skill-based and require
vocational training, which is received by only 10% of our
population..
5. What Are The CAUSES???
Graduates come out of college, polished
in academic skills. While academic skills
definitely count, various other skills such
as communication, interpersonal- skills,
situational behaviour and so on also play
a pivotal role in helping the graduates
take the plunge in industry.
Skill development is regarded as a second-order
activity for academics.
Surveys indicate that the nature of graduate
employment is changing and diversifying and
many students are realizing the needs to
develop the other skills.
Employers want potential employees with a
variety of skills.
6. There is a pronounced “skill gap” both in terms of quality and quantity ;and the
current systems are not geared to meet the industry requirements.
The key emphasis here is on
On one hand there is high growth with a strong demand for labour and on the other
hand there is a large pool of labour , majority of it unemployable.
There is a need for greater interaction between industry, government and
academia,to develop curriculum that matches the industry needs.
Industry Academia
7.
8. Business Scenario- The Reality
Due to lack of the right skills , businesses invest six to twelve months to train the resource.
Having the right people in place and ready to execute a company’s business plans as and when
required-serious competitive advantage.
Interviewing candidates based on their current knowledge as compared to skills required.
Limited talent -pool, hence high attrition , leading to additional costs for hiring and training.
Need professionals who are responsive to economic , social , cultural , technical and
environmental change and can work flexibly and intelligently across bussiness contexts.
Organizations want the new workforce to apply more creativity at work,
“set your own goals and achieve your own goals “
Create opportunities for yourself.
The present day companies are willing to give you the freedom to work creatively.
The company give freedom for growth and benefit of the company for which you work.
9. .
Employability is enhanced by:
Bringing employers into the course design process.
Modifying courses to match industry’s needs.
Using guest lectures from business.
Building links with local employers.
Representative employer and professional organizations to encourage
employers to offer more work experience oppportunities for students.
Higher education institutions and the world of work co-operate in many
ways such as knowledge and technology transfer ,consultancy services,
research collaborations and employer input into courses
10. 1. The current economic situation creates a sense of urgency in devising
ways to boost the creation of jobs, and to improve young people’s
access to those jobs. But the solutions we develop can and should be
sustainable on their own terms.
2. In this way will add to the permanent accumulation of tools and
strategies that can help access both cyclical down-term and long-term
structural challenges, and that can improve school- to-work transitions
and participation of young people in decent work.
3. In laying out the case of business initiatives to improve youth
employment outcomes,it is important to articulate a value proposition
for employers that can be foundation of a sustained policy and
sustained investment.
11. CHALLENGES:
Millions students graduating out of India’s colleges run the risk of being unemployed and THERE are only few jobs for
India’s overflowing technical talent pool.
Students reported inadequate levels of career development learning during formal education. Many commented that
they lack long-term goals, a view shared by many employers and graduates.
MITIGATION FACTORS:
Graduation placement programmes would be developed to support new graduates in making the transition to
employment ; these programmes include a training and professional development skills.
Employers would visit institutions to raise awareness of their sectors, and should explain what skills they require and
need in the company.
The responsibility for developing students’ employability is done almost by osmosis. It’s a natural by-product of deciding on
having an outcomes learning mode; on deciding the global outcomes; on deciding that you embed them and integrate
them into the curricula and then making sure that you have programs and services where they can be tested and groomed;
on deciding that you have a full time, final internship program; on deciding that the internship program must have faculty
involvement. ONE should have an awareness of the employment market, because that’s the reason why this place exists.
So, it’s everything!’
The National employment policy would aim at increasing formal sector jobs as well as improving the quality of jobs in the
unorganised sector.