Showing posts with label Make in India. Show all posts
Showing posts with label Make in India. Show all posts

Monday, 22 August 2016

Youth Needs Skill Development

Recent reports revealed that more than one lakh engineering students who graduated in 2015 are not employable. There is a major skill gap in the country as 80 per cent of the engineering graduates are "unemployable".

The realisation on the importance of skill development, especially for students who are scanning the job market, is expected to bridge the gap between education and employment. Taking into consideration the current education and job scenario, appropriate job-related skills complements a formal degree in any discipline, and increases career opportunities. The job industry, too, expects the prospective workforce to come prepared with specialised skill. 

We have an academic centric education model, which lays less emphasis on job centric skills and overall development of an individual. This is why increasing number of students are opting to enhance their hard and soft skills, to meet the industry need. Career readiness and employability skills have become an increasingly critical part of education. Employers are desperately seeking people with a combination of skills which not only covers technical or hard skills but also include soft skills and life skills. 
 
At the heart of every education model is a desire to help each student be confident and proud in their accomplishments and successful in their futures. Youth is the driving force in any economy and if trained to its full capacity, can play a vital role in growth of the country. Let us explore how skill training helps student jumpstart their career, prepping them up to be viewed as career-ready and employable. 
 
Increased Employment Opportunities
Possessing a specialised skill set increases employment opportunities. Today, even entry level roles in many industries require base level qualifications. By completing a training course, your employment opportunities become wider. Moreover, this has become prerequisite to stand out from the crowd and meet the demands of the currently highly competitive job market. 
 
Personal growth
Learning a new skill will broaden the opportunities, at the same time empowers one as an individual. Skill training not only provides skills in a particular area, but trains students to build and enhance networking, time management, communication skills. 
For any type of job, besides technical skills, employers keenly look for a distinct kind of skill in its potential employees. Whatsoever role students may be looking forward in the organization, possessing strong soft skills puts them a step ahead in the competition and makes them a true professional.
 
Employers often complain that students do not know how to effectively carry a conversation, and are unaware of the importance of making eye contact, asking questions and listening actively. Moreover, with the the current prevalence of electronic devices and texting, youngsters now lack the ability to effectively communicate face-to-face. Through soft skills, students are taught on the importance of effective communication, stress management, people management- skills usually associated with managing and living a better quality of life. They are taught on how to use both verbal and non-verbal communication techniques when engaged in a face-to-face conversation, thus equipping them with good communication skills that comes handy at job interviews especially. 
Such work-place driven skills in a stimulated environment makes students more confident. From a social perspective, skill training has several advantages. 
 
Less Dropouts
India's youth today is facing a serious problem in unemployment and underemployment. The causes contribute to dropping out of high school, needing to support one's family at an early age, lack of quality education, a lack of information on the job market, and, most importantly, not possessing the basic skills required by employers today. It would benefit students if they are encouraged to join skilling programmes instead, which gives them clarity about their means of livelihood, much needed confidence, and a direct career boost. 
 
Nurturing the talent pool of the country
Talent is innate, but skills are acquired. Skill training focusses on identifying, training and nurturing talent, in any desired field. The social emphasis on scholastic achievement leaves little room for appreciating the diversity of talent that could make a qualitative difference to the potential of the skilled workforce. This is even more relevant in the case of artisans and craftsmen who continue their family legacy, irrespective of their individual talent and capabilities.
Skilling for entrepreneurship
 
Encouraging enterprise and to boost employment creation, skilling programmes are coming up with specialised courses on entrepreneurship in different sectors. Instead of training students to work under someone, these programmes focus on leadership and innovation. 
 
Our focus on mainstream education is lopsided with no emphasis on skills that actually matter in the industry. In reality, even MBAs and engineering graduates, need soft skill training in when they hit the job market. Hence, there needs to be an ongoing process that skills workforce, while instilling confidence in them. 
Only a confident and competent workforce can drive the economy successfully and meet the international standards of quality performance. To truly achieve ‘Make in India’, we need to adopt a framework that supports the holistic development of the youth and make the country the world Capital of Skilled Workforce. 

Thursday, 24 March 2016

‘Make in India’ will boost the Indian jobs market

The ‘Make in India’ scheme is aimed to build India a global hub of manufacturing, aimed to raise the share of manufacturing in gross domestic product (GDP) to 25% by 2022. The government has identified 25 key sectors and plans to provide relevant support and incentives to boost investments in them. Some of these sectors include construction, textiles, food processing, and skill-intensive sectors such as aviation, defense equipment manufacturing, and electronics, among others.

Besides friendly policy interventions, people or workforce would form the key element to achieve the desired objectives. Hence, jobs across the levels would be strengthened with addition of multiple set of jobs under this umbrella. While the niche and high-technology oriented profiles would be a value addition to the job roles, management and soft skills roles would go hand in hand as demand from hiring managers. Mass hiring in front line jobs and vocational trades would open a floodgate of opportunity for job seekers.

Important things that need increased focus to keep the momentum rising in the jobs market would be improvement in skill levels of existing employees, properly train the workforce entering the jobs market and innovation in human resource activities like hiring, induction of new employees, retention of existing employees, and effective employee engagement initiatives.

‘Make in India’ is a promising initiative and is expecting the employment scenario to get a boost in the years to come. While this initiative intends to make India a top destination for foreign direct investment, it primarily focuses on job creation and skill enhancement in targeted 25 sectors, with an estimate of 100 million new jobs by 2022.
There is already a positive response to the initiative in the last year. Next year, we estimate another 7-8 lakh temporary jobs to be created. It would also add 8-13 % to the current job pool as investment into manufacturing and related sectors. Refocusing on India's traditional occupations would also add to this and should potentially create 10 million jobs a year.

Key drivers of job generation
Key drivers are foreign direct investment in identified 25 sectors of the economy, which should lead to additional workforce demand. This includes sectors like automobile and its components, chemicals, defense manufacturing, food processing, pharmaceuticals, ports and shipping, textile and garments, tourism, hospitality and wellness. These sectors being the key industry sectors of India, these are in itself the key drivers for job generation.

Levels at which jobs would be created
There will be a huge requirement for entry level jobs for both semi-skilled and skilled workforce. We estimate a rise in the number of young workforce in the age group of 15 to 29 from the current 153 million to 158 million by 2025. There will also be an increase in niche high-technology opportunities demanding specialist skills.

As this initiative touches manufacturing and engineering and related sectors, key skill would be required in the space of design and engineering, project planning, execution, erection, commissioning, operations and maintenance, transmission and distribution, trading and regulatory, renewable energy, and manufacturing.

Most certainly, we see hiring trends and initiatives to change, as there is a huge skill requirement and an obvious skill gap. In the immediate term, investing corporates should upgrade the skilling infrastructure, plan appropriate hiring and quality trainings. Initiatives like structured workforce readiness programs and On the job trainings may help in catering to existing supply and demand gap. We also see a rise in campus and contractual hiring to support the mass hiring needs.

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