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Employability up 12% in 5 years; hiring intent up 10%, finds India Skills Report

Our Bureau New Delhi | Updated on April 13, 2018 Published on February 11, 2018

Quality hires Efforts at skill development are paying off   -  THE HINDU

With spurt in the number of management, there has been a dip in employability of MBAs

The employability of educated Indians has gone up to 45 per cent from 33 per cent over the last five years, thanks to a significant role played by professional courses in engineering, pharmacology and computer applications among others, according to an industry report.

The India Skills Report 2018, released by a joint initiative of HR solutions firm PeopleStrong, and a global assessment firm Wheebox, in collaboration with the Confederation of Indian Industry (CII), however, said there has been a dip in the employability among MBA courses as there has been a spurt in the number of management institutes. “India Skills Report findings this year have seen an improvement in employability which is a good sign for economy.

Report findings

The government’s efforts towards skill development is paving the way for quality hiring”, said Nirmal Singh, Founder and CEO of Wheebox.

On the demand side, an increase of 10-15 per cent is expected in the hiring intent since last year across all sectors, according to the India Hiring Intent Survey. Retail, banking, financial services and insurance sectors are projected to hire more.

On the other hand, ITES, software, and hardware will also see a moderate increase in the hiring numbers.

Interestingly, vocational courses are churning more job-ready candidates compared to generic courses. Another finding was that those who pursue courses that include practical experience and internships fare better than those who do not.

“A lot of effort is needed both at the talent supply side and the demand side. What is reassuring is that our analytics show we are definitely on the right track”, said Pankaj Bansal, Co-founder and CEO of PeopleStrong.

Meanwhile, the report also focused on future jobs and the impact of automation to see impact of jobs evolving in response to technology ad innovation.

About 70 per cent of those who took part in the survey believed that automation was going to have an impact on job creation.

While 24 per cent of employers said analytics would be an emerging area for jobs, 15 per cent of them voted for artificial intelligence.

Published on February 11, 2018
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