Solving unemployability problem at source
According to Aspiring Minds National Employability Report,Over 80% of engineering graduates in India unemployable. This report is based on a study of more than 1,50,000 engineering students who graduated in 2015 from over 650 colleges.
Why does this problem continue to persist, even when lot of efforts have been taken by colleges, companies, universities and training institutes?
Solution to solving this problem has given birth to many business models. Each of the business models offer a unique value propositions, and are aiming to solve the same problem in a different way.
Now lets look at what are the problems which are causing unemployability -
Universities - It makes sense for universities to prepare engineering syllabus in collaboration with Companies. Ultimately, companies are the one who are going to assess students before hiring them.
Colleges - Colleges leverage on teaching faculty to up skills the students. But, are they competent enough with in demand industry skills.?
Up skilling of teaching faculty can be done by hiring few industry working professionals / partnering with training institutes and or companies.
Training Institutes - Since graduating students are not competent enough, lot of institutes are putting their effort in training them. Course fees collected from candidates are not enough for institutes to be sustainable and profitable, so they tend to onboard and up skill around 200-300 candidates per batch, which is not effective method either.
Instead of training too many number of candidates per batch, training institutes needs to focus on being alternative to company, train less people practically and place everyone.
Students - Every student, focuses more on their academics. Overall their goal is to get good internal marks and score well in exams. Most of them miss out on what skills would get them hired in companies.
Students should be connected to their college alumni. And also, have awareness about startups funding and acquisition, companies financial results.
Some of the important sites to refer are -
- yourstory.com - Indian startup tech stories.
- techcrunch.com - Silicon valley and global tech news.
- crunchbase.com - Database of all startups and founders.
- cbinsights.com - Daily realtime information on funding
- Market Research reports sites - Neilsen, IMRB, McKinsey & Company, KPMG, ResearchFox etc.
If problems are not solved from source, even if different business model exists or arise in future, problem will continue to exist.
Maker of scalable software
8 年Vocational training and higher education are potentially divergent things. Problem starts when there is an expectation that vocational training for being an electrician results in a masters degree and we also that a masters degree in electrical engineering means that someone is able to do the job of an electrician. The same goes for software related occupations. There are so many jobs that require people to know to use software but we assume that all of are "engineering" jobs. In short, universities offering higher education should not have employment as the primary goal. We should dramatically shrink the capacity of universities to just those work towards the advancement of the field. What we need to do at the same time is start respecting vocational training for what it is, increase it's capacity, and then hire people for having those skills, without looking for university degrees.