The resume reflects a Master’s degree, but the professional status still reads the same – educated but unemployed. This is story is common to a burgeoning number of students in the country, they are educated but lack employable skills. The high skew towards theoretical education with little or no exposure to practical skillsets has contributed to this scenario.
15 million youth enter the workforce each year but more than 75 per cent of this number is not employable due to deficient skillsets. India needs 700 million skilled workers by 2022 to meet the demands of a growing economy. This imbalance is due to lack of technical and soft skills and it points towards the urgent, growing need to make young Indians job ready, with a focus on young graduates to augment their employability.
India is a young nation with 62% of our population in the working age group and more than 54% of the total population below 25 years of age. We need to make drastic amends to solve the great Indian talent conundrum. To make the most of this demographic dividend that we possess, the first step we need to take is to celebrate skills and accept their need and importance with an open mind, just like China. For instance, the country currently faces a huge shortage of Sales Associates, Computer Operators, Beauticians, Hair Stylists, Medical Sales representatives, Mobile Repair Engineers, Helper-Plumbers, Helper-Electricians, Sewing Machine Operators, Helper-Masons/Bartenders, Painter – Decorators. Yet the scant regard we have for vocational training and skills development has led to decades of neglect of these crafts.
Once this due regard to skills is given, we need to support the technology growth with investment in skills and knowledge to prepare for the future. Revamping the education system can help bridge the talent gap, especially at the college level that forms the first steps into the professional world. Colleges need to collaborate with industries to chalk out a curriculum that entails integrates technological education and advancements.
Technical Education plays a vital role in the development of the country’s human resource by creating skilled manpower, enhancing industrial productivity and improving the quality of life. This helps increase the availability of better talent in the job market. Of among the 7 lakh engineering students that graduate annually, merely 7 per cent are fit for core engineering jobs. What would also help, would be the providing of training in not just technical skills but also soft skills or communication skills, preparing them to transform into capable workers. Most of the institutions do not prepare the candidates for the new working world, making them struggle while facing the competencies of the professional realm. There is an urgent need to make the graduates job ready with basic skills of inter-personal communication, abilities to speak English, work as a team and possess basic computer knowledge.
Recognizing this need, efforts are being made by the government with positive steps such as National Vocational Qualifications Framework (NVEQF) and National Skills Qualification Framework (NSQF). This will also lead to a paradigm shift in employment from being ‘qualification-based’ to ’skill-based’, making educational institutions focus on imparting skills that lead to employability, rather than merely doling out certificates and degrees. Integrating skills with regular main stream education at schools, will truly change the employment landscape at the most fundamental level in our country. A reinvention will need a vast paradigm shift to develop the tools of change needed to survive in the algorithm age. The demographic dividend if not given the treatment of skills may simply turn into a demographic disaster. The imbalance between the too few skilled workers and fewer jobs for the medium and low-skilled workforce is pointing towards the impending disaster.