Improving employability is a slow process
But, how early should you start and what should be done?
S, Executive Vice-President, MeritTrac Services
With changing times, the one thing that has remained constant is the demand for skilled talent. Leading organizations have shown a keen interest in expanding their current ‘catchments’ to look for industry-ready talent with the objective of better fitment, faster time to deployment and reduction in training costs.
What is employability?
In very simple terms, employability is about being able to get and keep a fulfilling work. It includes a set of abilities that involve the development of knowledge, expertise and attitude that is necessary for success in the modern workplace.
Is there a need to improve employability?
Many reports and statistics suggest that on an average only 18-20% of our graduates are employable. The evident gap in the industry requirements and academic curriculum has emerged as the most-common reason being highlighted for this situation. The current overall unemployment rate is 5%. The reason for this is the dearth of jobs and the lack of skilled people for the right kind of job. According to the educational distribution of those unemployed in Delhi in 2015, as many as 195,450 (over 1.95 lakh) people were graduates, 34,033 were post-graduates and 56,576 were diploma holders as per the Delhi Economic Survey.
Such data spell out the need to take a relook at the challenges and responsibilities of various stakeholders in the industry in developing a robust talent pipeline.
The first thing that needs to be kept in mind is that improving employability is a slow and gradual process. An individual cannot become employable overnight. The way to develop the skills that will ensure employability are by honing and fostering competencies that are essential for any job. This is a long drawn process, the awareness of which should begin at an early age. Parents, teachers, schools, colleges, corporates and the individuals themselves should work together to enhance employability of the youth.
Role of Educational Institutions in Enhancing Employability
Universities and schools play one of the biggest roles in terms of assessing and enhancing employability. Here are a few best practices that institutions can leverage to improve employability of its students.