According to experts, India has a combined workform of 145 million and yet, our industry is struggling to meet its demand.
The reason – 85 per cent of the workforce is unskilled and unemployable. The challenge is to provide adequate skills training to those unskilled professionals and turn them into a productive labour pool, which can then be utilised properly.
“Attrition , a lack of employable talent and managing the talent pipeline (deployment/redeployment) are critical problems facing the Indian corporates. The supply and demand interventions are on parallel tracks; hence, we see increased unemployability.
Our colleges/skill intervention centres are also not churning out enough ‘job ready’ candidates. There is also a mismatch in terms of student aspirations and capability due to a lack of proper counselling ,” says Rajesh A.R, head, iRize, MaGE.
On the other hand, professor Dr Uday Salunkhe, group director, WeSchool feels the people supply chain stands weak due to – a) a shrinking number of able and willing recruiting pools and b) poor employability of the available supply pools.
Bridge the gap
In today’s fast changing business environment , how best can the supply-demand gap be bridged? “We believe that the only way to bridge this gap is by providing adequate training to the youth and equipping them with the requisite skills.
Some of the major hurdles against achieving this are poverty, zero emphasis on skills in mainstream education, limited capacity of the current vocational education set-up and a poor enabling environment.
Improving India’s vocational education and skills training infrastructure can help address the supply demand issue to a large extent.
Vocational skills training can provide candidates with the necessary skill-sets required to supplement their academic studies and make them industry-ready right from day one,” explains John Yates , CEO – Manipal City & Guilds.
Commenting on the same, Rajesh feels that there is no quick fix to this problem.
“Educational /training institutes and corporates usually operate in silos. There needs to be synergy between the two in a way wherein they can create an ideal job ecosystem for creating resourceful talent.
The government, from a policy standpoint, needs to engage more with private players through sector-specific skills councils and ensure the delivery of employability services are done through expert players in the respective domains.”
Source: The Economic Times