What are the missing factors among our professionally qualified students for getting employed

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TransilienZ Learning & Development What are the missing factors among our professionally qualified students for getting employed? The shortage of appropriately skilled labor across many industrial sectors is emerging as a significant and complex challenge to India's growth and future. According to NASSCOM (National Association of Software Companies), each year over 3 million graduates and post-graduates are added to the Indian workforce. However, of these only 25 percent of technical graduates and 10-15 percent of other graduates are considered employable by the rapidly growing IT and ITES segments. Hence, what we have today is a growing skills gap reflecting the slim availability of high-quality college education in India and the galloping pace of the country's service-driven economy, which is growing faster than most countries in the world.

Transcript of What are the missing factors among our professionally qualified students for getting employed

Page 1: What are the missing factors among our professionally qualified students for getting employed

TransilienZ Learning & Development

What are the missing factors among our professionally qualified students for getting employed?

The shortage of appropriately skilled labor across many industrial sectors is

emerging as a significant and complex challenge to India's growth and

future. According to NASSCOM (National Association of Software

Companies), each year over 3 million graduates and post-graduates are added

to the Indian workforce.

However, of these only 25 percent of technical graduates and 10-15 percent of

other graduates are considered employable by the rapidly growing IT and ITES

segments. Hence, what we have today is a growing skills gap reflecting the

slim availability of high-quality college education in India and the galloping pace

of the country's service-driven economy, which is growing faster than most

countries in the world.

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TransilienZ Learning & Development

As businesses propose to double and treble their workforces and Indian

industries strives to maintain its position in the global marketplace, it has

become imperative to prepare and plan for a world-class, competent, talented

and innovative workforce.

It is widely held that knowledge, skills, and resourcefulness of people

are critical to sustain development, economic, and social activity in a

knowledge society. Given the current high-paced growth and dynamic

investment climate in India, the demand for knowledge workers with

high levels of technical and soft skills will only increase. It is

estimated that India would require a workforce of 2.3 million

employees in the IT and IT-enabled services sectors. However, over

the past fifteen years, India has produced 1.6 million professionals

and faces the uphill task of producing another 0.8 million in the next

few years.

In this demand-supply gap scenario of employability, a look at the

Indian education system will reveal that the number of technical

schools in India, including engineering colleges, has actually more

than trebled in the last decade, according to the All India Council of

Technical Education.

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TransilienZ Learning & Development

Deemed unfit in communication skills, confidence, presentation, problem-solving

capabilities and generic abilities, an alarming figure presenting hard reality has

been brought out in notice. Aspiring Minds also revealed that over 50%

graduates fall short of the mark in language and grammar as well.

Another interesting finding showcased that graduates from Tier 2, Tier 3 and

Tier 4 engineering colleges in India produced graduates that were not industry

ready even after interventional training. These findings have been reported by

Industry Readiness Index survey conducted by Purple Leap last year.

Amit Bansal, CEO, PurpleLeap expressed his opinion by saying "Most

graduates display excellent theoretical knowledge. However, when it comes to

problem-solving, they lack basic analytical skills." "I have interviewed over 2,000

candidates in the last three years and most of them struggle to communicate

even in their mother tongue. I have realised that it's not about the language. If

they don't know the answer, how will they respond?" further said Bansal.

Sangeeta Gupta said, "The approach to the engineering curriculum in our

country emphasizes rote learning. The same set of questions is asked year

after year. If your memory skills are good, you may cram and score well. But

that doesn't mean that you have the skills the industry is looking for."

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TransilienZ Learning & Development

As published by Rediff, Prof Ramamoorthy Iyer, a visiting faculty member for

mechanical engineering to students in Mumbai, Hyderabad and Chennai said,

"You ask them about the technology involved in the making of an automobile,

and they'll be ready with the details. If you ask them to design an automobile

on their own, only a handful will be able to attempt it with success. Students

who don't take up internship roles during their course of engineering often

struggle with placements after completion of the course. Even institutes do little

about training their students. What's the purpose of such an education? There

is no value addition."

Part of the skills gap problem is that only a small percentage of

India's young go on to higher education. No more than 7 per cent of

Indians aged 18-25 go to college, according to official statistics. Even

a more fundamental level of education is proving difficult with nearly

40 per cent of people over the age of 15 being illiterate. Ironically, it

is becoming even harder to create a robust and continuous reserve of

talent.

The university systems of few countries would be able to keep up with

such demand, and India is certainly having trouble. The best and most

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TransilienZ Learning & Development

selective universities generate too few graduates, and new league of

colleges are producing graduates of uneven quality.

Further, universities and educational institutions have been unable to

update their syllabi in tune with the high speed changes taking place

in the world of technology. Hence, the students churned out are not

equipped to meet the current industry requirements and often

companies have to incur additional expenses (time and monetary) to

train new hires.

One of the approaches to tackle the problem of lacking job readiness

in the Indian IT sector is partnerships between the industry and

academia. Many organizations have taken such initiatives to provide

hands on experience, practical skills and soft skills to bridge this gap

and provide training in high-demand job skills. But such limited

initiatives can meet numbers to limited extent.

It’s high time now for our education system needs to reboot itself and

joint initiatives by the industry and academia will play an important

part in plugging the talent gap in the years to come. Training

individuals for the jobs of the future and allowing them to visualize

what it possible today will not only make a difference in their lives but

will enrich our communities now and for the future.

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TransilienZ Learning & Development

In such an environment of high interaction, the existence of any

business/economy is dependent upon not only the optimal utilization of

current available resources, but also on innovation and communication.

However, there is often a gap between what college students learn in

theory and what is actually practiced in industry. This further incurs

cost when industries conduct training programs internally to make their

fresh talent “deployable”. Industries also struggle to maintain bottom -

lines in a competitive environment and this ‘gap’ further creates a

dent on profitability.

There is an opportunity here; those involved in college recruitment can

help address this concern by facilitating the relationship and by

providing a basic framework for understanding why difficulties occur

when trying to collaborate between different value sets as in industry

and academia. Both industry and higher education involve knowledge

creation, dissemination and learning. Those involved in college

recruitment can serve as a bridge to help industry and academia

become collegially networked institutions.

Transilienz Learning & Development (TLD) is pioneer and upcoming training solution partner in

Central India majoring in Soft Skill, Motivational Training and professional counseling for schools

and colleges as well as for industrial organizations for corporate and motivational training.

Please visit www.transilienz.com for further details mail us at [email protected] or may contact

us +91 99263 41890