Employability of fresh graduates is rising: Survey
According to a recent survey, this year, employability score has taken a big leap as compared to last year and among fresh engineers, employability is even higher
NEW DELHI: The survey conducted jointly by Confederation of Indian Industries (CII), All India Council of Technical Education (AICTE), United Nations Development Program, leading human resource consultancy Peoplestrong and skill assessment firm Wheebox, said that “this year, employability score has taken a big leap as compared to last year.”
Since 2014, overall employability among graduates has risen from 34% to 46%, a jump of more than 35%. In other words, nearly one out of two fresh graduates are employable now, up from one out of every three four years back.
Fresh engineers, often termed largely unemployable, were found to have 52% employability. Within the engineering domain, those pursuing computer sciences have the highest employability, says the report that surveyed 510,000 students and 120 companies.
The survey showed that in 2018, most of the higher education domains have showed improvement in job-readiness of fresh graduates.
However, employability of graduates of management institutes, Industrial Training Institutes (ITIS) and bachelor in commerce are showing a negative trend.
“MBA is the new B-tech,” said the report, underlining how management education quality has slipped. Overall, the improvement in the employability factor will have three key impacts—one, the competitiveness of graduates will improve, more quality employment will be demanded, sharpening the jobs debate in India, and third, industries will find it easier to get a job-ready workforce.
“This is good news for the economy and for industries. And the effort put in by authorities and institutions were showing results. But the employment scenario is changing swiftly and jobs that were on demand five years back, may not be favourites now or two years hence. So, everyone needs to be on their toes,” said Nirmal Singh, chief executive of Wheebox, which conducted the skill assessments of students for the survey.
Among states, Delhi was on top with nearly 75% of its graduates being termed as employable. Other than the capital city, Karnataka, Maharashtra, Kerala, Punjab, Tamil Nadu and Gujarat are the other top states in terms of graduate employability. Bengaluru, Chennai and Indore are the top three cities in terms of employability.
Automation will be a key disrupter in the jobs market, study showed.
It said “32% respondents claim that automation is affecting 10 to 40% of existing jobs. Engineering, automobiles, manufacturing, consumer durables and core sectors have highest responses of this impact category.”
The survey said more companies showed higher hiring intent in 2018.
The overall hiring trend suggests that graduation courses and engineering graduation or equivalent courses are high in demand as both put together 45% of total hiring requirements.
It further said fresh graduates and employees with up to five years of experience are in high demand and their improved employability will positively impact productivity.
AICTE chief Anil Sahasrabudhe claimed his organization, which is the apex technical education regulator, has taken suitable measures to make students industry ready.
He said the council will take inputs of this survey in further improving the quality of technical education.
IN 2018, MOST OF THE HIGHER EDUCATION DOMAINS HAVE SHOWED IMPROVEMENT IN JOBREADINESS