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According to a NASSCOM report, each year over 3 million graduates and post-graduates are added to the Indian workforce.
Of these, only 25 percent of technical graduates and 10-15 percent of regular graduates are considered employable by the industry.
What about the rest 75 percent of graduates? What makes them unemployable?
According to Kapil Deorukhkar, Regional Manager at IndiaSkills, a skills training company, "Nearly 85 percent of graduates are not employable, while 75 percent of engineering graduates are not employable."
Some of the reasons cited for the same are lack of focus and definite career path among graduates, undue emphasis on academic excellence, lack of industry-relevant curriculum and the like.
At a meeting of eminent Human Resource delegates held at WeSchool in association with the National HRD Network in Mumbai early this month, several professionals and industry experts from various sectors addressed the issue and discussed some workable solutions to consider.
We decode some of the solutions discussed at the meeting.
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"In India, most families still follow the traditional perception where formal education leading to graduation, is enforced upon students by parents and educational institutions, quite naturally. This needs to change at the earliest."
"Even today, most parents are of the opinion that a student with mechanical engineering degree will earn more respect in society than a student who has a diploma in mechanical engineering."
"It is a derived fact that engineering diploma students are more employable than those with engineering degree, for the sole reason that the former's curriculum is industry-oriented and less theory based. Most career decisions made in the country are due to lack of awareness and improper guidance," he points out.
He says that the change in perspective that should happen at every level will bring back the dignity of labour and students will not think twice before choosing a vocational course.
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"It is commonly observed that the unemployment rate among graduates is higher than among those who have a management degree or a vocational degree certificate. The reason for this is that every organisation realises the importance of vocational/employable skills and expect the same from candidates."
"Students should be taught to realise their aptitude and be trained to imbibe vocational skills as part of the curriculum."
"The syllabus for every educational course in the country needs to be revamped from time to time to include practical knowledge of technological skills and have industry-oriented curriculum so that kids who graduate out of school or college are almost ready to be absorbed into the employment process," he says.
Agrees Kapil. He says, "Today, there are so many short term certificate courses available for students. Most of these are not recognised by the University but are industry relevant. Students must find out where their skills lie and avail of a course that will make use of their aptitude and train them accordingly rather than going for a course which will only enable them a University approved degree."
Click NEXT to read more"Most graduates have theoretical knowledge but lack the skills and aptitude that is desired of the profile. As employers, we are looking for graduates who possess the right attitude and can be inducted with a brief training," opines Avinash Dixit, Business Group HR Head, EM&RBG, Voltas Limited.
Kapil Deorukhkar further adds, "In India, the ratio of classroom learning to professional training is 70:30. In order to make students more employable, this ratio should be reversed to 30:70. Also, the course curriculum needs a serious makeover. We need to inculcate role based curriculum to students so that students have a fair idea of what is expected of them at work."
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Meanwhile, other factors that complement the trend of unemployment among graduates are individual choices of employees, some of them being:
Attitude towards glamour
According to Vivek Paranjpe, the younger generation is attracted to glamour and the manufacturing sector, for one, lacks glamour.
He says, "Engineers who graduate as mechanical engineers do not want to work in manufacturing firms. Most of them are so used to the prim and proper life as students, that they are not motivated enough to work in industries where they are expected to get your hands dirty, especially dealing with machines and tools that involve physical testing from engineers. Also in contrast to software and consulting profiles that they are offered after doing a management course, manufacturing firms fail to attract attention, thereby leading to unemployment."
"As employers, we need to tie up with educational institutes and devise courses that are relevant to the industry, so that it becomes easy for companies to identify talent during hiring process. Also, we are looking at means to make professional life more enjoyable for employees"
He also suggested educational institutes to organise industry oriented activities that will enable students to connect with the professional world. At the same time, he said this exercise will help students gain professional knowledge that will be useful during employment process.
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Vijay also pointed out to the recent trends in higher education. "Although the trends are changing gradually, the penetration to higher education still remains marginally low in the country. Needless to say, the skills among graduates are comparatively poor. Poor skills lead to poor returns."
He further concludes by saying, "One needs to understand that when we talk of lack of employability, it doesn't imply that there is lack of jobs. In fact, there are plenty of jobs in the market, but there are very few who pass the eligibility test."
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