India is shining. India is progressing with an amazing growth rate. Growth rate of India is the second highest in the world after that of China. The youth force of India are contributing lot to the same. It is believed that principal reason behind Indian progress is its youth force, highest in number in the world. However, there is a problem. Huge number of Indian youth are not only unemployed but unemployable. There are two new world leaders China, in manufacturing sector and India, in service sector. Large number of white collar jobs are waiting for suitable candidates.
Indian youth force, behind the progress of India, is mainly engaged in IT. India is a leader in software. Software industries in India are continually offering white collar jobs besides some blue collars. India is also world leader in BPO (Business process out sourcing) and KPO(Knowledge process out sourcing). Large number of call centers are contributing to the industries and trades of America the US, UK, Australia, Japan, European Union, Canada and many other developed countries. BPO sector needs large number of blue collars. KPO industries require and offer white collar jobs.
IT industries has seen a tremendous boom in India. This industry has employed large number of educated youth with handsome salary. Normally, IT is the highest paid sector. Management, banking, finance, retail, telecommunication, entertainment etc. are some other new sectors that helped India in her tremendous growth. Typical problem These sectors has started facing atypical problem. Despite a large number of educated youth, there is a shortage of skilled manpower. This is the dilemma. There are unemployed youths and the companies are facing shortage of manpower.
A recent survey throws light on the problem, problems with the educated youth. They are mainly lacking three types of skills. 1. Comunication skill 2. Analytical skill and problem solving 3. Domain. While in interview approximately sixtypercent candidates are screened due to lack of communication skills. Resttwenty five percent are screened foranalytical skills and five percent for their lack of knowledge in theirrespective domain. Hence ninety percent of educated youth force are lacking in one of these three main skills required for job and employment. Only ten percent of educated force of India isemployable.
Employers are struggling hard to attract them with huge pay-packages that is increasing their production cost significantly. The employers are loosing their competitive edge in global markets. Global slow down only adds to the crisis. Corporations are now facing dual problem. The problem lies in the education system. The Indian education system has a mismatch with therequirements of the industries. Institutes teach what ever they want. Institutes do not teach what industries require. Industries do not require what institutes teach. The syllabus committees has not been interfacing with the industries.
Many big industries have set-up their own in house training program to fight with the problem. Most of the newly employed youths are compulsorily undergone employers own training program. This enhances cost of employers enormously. It also wastes time. The problem and solution have two aspects: Individual and collective. As an individual you have to choose your courses carefully. You have to interact with the industries to know their requirements. You must choose an institute very carefully. Ensure that they are covering above mentioned three aspects in their syllabus.
It is in your best interest to ensure that your institute is interfacing with the requirements of industries before you admit into it. What should be done as a general measure to solve the problem? The one point solution of the problem is a change in education system, a radical change. There must be an interface among Government bodies looking after education, Universities, all India committee of technical education and the representatives of the industries. The institutes must educate as per industries’ needs. Have these done, India will not face problem of unemployability and the youth force of India will not be remain unemployed.