India Skills Report 2017 — a joint initiative by private firms in collaboration with Confederation of Indian Industry (CII) — was launched recently. The report shows findings from a survey carried out across 3,000 educational campuses accessing five lakh students across 29 states and Union Territories.
By the year 2017, nearly 40 per cent of Indian students will be employable in various sectors, with Maharashtra having the highest percentage of employable workforce, reveals a recent report. It also reveals some facts that educationists and policy makers need to ponder over.
India Skills Report 2017 — a joint initiative by private firms in collaboration with Confederation of Indian Industry (CII) — was launched recently. The report shows findings from a survey carried out across 3,000 educational campuses accessing five lakh students across 29 states and Union Territories.
According to the study, employability amongst students joining the workforce every year is on a rise. While in 2014 the percentage of employable population was at 33 per cent, it has increased significantly to 40 per cent this year. The report is backed by partners like LinkedIn, United Nations Development Programme and government organizations like All India Council for Technical Education and Association of Indian Universities.
“As per India Skills Report 2017, we found out that of all the students entering the job market across the country, hardly two out of five meet the criteria of the employment set by the employers. New jobs are getting generated in ecommerce, energy, retail, telecom, hospitality and financial industry; but there are not enough ‘skilled’ people available,” said Nirmal Singh, Founder and CEO of Wheebox, one of the partners who conducted the study.
“Many jobs are getting mechanised and can be managed by a few people and intelligent algorithms. We are heading to a large challenge where many of us do not know the future. We may have plenty of low to moderately skilled people for jobs that may not exist in future,” he added.
The report also reveals that the female candidates are more employable than their male counterparts. Employability here, however does not include only domain excellence but also takes into consideration other aspects like communication skills, logical and analytical ability.
From the demand side, the study forecasts an overall increase of about 7-10 per cent in the hiring intent for year 2017 when compared to the current year.
Allied sectors in telecom, auto ancillary, quick service restaurants, and power and energy management are expected to lead the growth in hiring. The report also shares that Maharashtra as a state has the highest percentage of employable workforce. However, when it comes to the preferred places to work, Bengaluru is the preference for the talent pool, which will start joining the workforce shortly.
In addition to this, the report also talks about focus on the current state of gender diversity in organisations across sectors and the initiatives employers are taking to improve this number.
According to the study, though the gender diversity in almost all sectors has still not touched 33 per cent, not many organisations are looking to resolve this issue right at the source. Only 40 per cent of the employers who participated in India Hiring Intent survey, have defined targets to hire women candidates.
Women power
Nearly 40 per cent of students are now employable, up from 33 per cent in 2014.
Only two out of five candidates meet all eligibility criteria laid out by employers.
Women were found to be marginally more employable than men in the 2017 survey.
Maharashtra has the highest number of employable people followed by Andhra, UP and Bengal
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