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Female employability has seen an increase this year from 38 per cent in last year to 46 per cent in 2018, on the other hand, male employability too has seen an increase of 1 per cent-- 48 per cent this time —from last year according to India Skills Report.
The Skills Report, a joint initiative of Wheebox, a Talent Assessment Company, PeopleStrong, a HR Tech Company and Confederation of Indian Industry (CII) said that the employable population has touched 47 per cent this time.
“The increase in employability touching 47 per cent is good sign for the market. But we have a long way to go and entire ecosystem should focus on bridging the employability gaps, enhancing the talent pool thus taking measures from school level to professional level focusing on learning,” said Nirmal Singh, Founder and CEO of Wheebox.
He added that educational institutes should focus in identifying the skill gaps amongst the students and Students should explore options of developing their skills which would give them the direction towards their career.
Interestingly, engineers continue to be the most employable whereas management courses have lost the shine. As per this year’s data 57 per cent of the final year engineering graduates are employable, which is an increase of about 5 per cent points since last year which was 52 per cent.
The report added, due to exponential increase in the number of MBA colleges, the quality of talent is seen to be declining, which needs government attention.
Another finding of the report also said that there has been a drop-in employability of B Pharma graduates this year. While in the past years B Pharma has always been amongst the most employable domains the number a decrease of 12 per cent since last year.
The report also mentioned that in 2019 the key job areas which the companies would be hiring the most for are going to be artificial intelligence, design, analytics, research and development. Of which design jobs would be the most in demand --23 per cent of employers plan to hire for design jobs.
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