VOICE
Men might be from Mars and women from Venus, but both require employability skills on corporate planet!!!In the recent times, employability skills have shot into prominence. The student community has certainlybecome aware of a variety of skill sets like technical skills, domain skills; soft skills that are required to bemastered before they venture into job market, but employability skills have become more important thanever in today’s business scenario. Competition in business terrain today is acutely fierce; growing moreglobal professionals faster than competition is the mantra. The global work force today requires relevantand contextual knowledge which must be aligned with rapidly changing technologies, competitive shiftsand changing demographics.The knowledge economy faces severe dearth of talents. A global executive survey in Nov 2007 reported byMcKinsey Quarterly indicates that the top most industry trend affecting business is the intensification of competition for talent. With the demand for professionals spirally rising, world-wide pockets of talentdeficiency and surpluses shall become the prime mover for business growth and success. The increasingworkforce imbalance and their consequential impact on businesses, especially in the context of off-shoreadaptation has been reported by NASSCOM and BCG Analysis, IDC. According to their prediction by 2015,while India, Pakistan, Mexico, Indonesia, Philippines show pockets of surpluses talent US, China, UK wouldface talent deficiency.But the moot question is ‘Is this talent employable?’ Its deploy-ability to business projects and services isa matter of concern. Industry may scream hoarse that the products from academia are woefully short of business expectations, that itself is a changing moving target, adapting freshers from colleges into businessneed focused learning facilitation to bridge the skill gaps and create talent that can be billable to projects.Numerous skill-gaps surveys have been undertaken and reported worldwide. While percentages may vary,indications and trends suggest critical deficiencies of academic produce in areas of:
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Domain Orientation
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Problem Solving & Analytical Abilities
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Cross-cultural etiquette & Communication
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Collaborative Efforts
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Life Skills & Positive attitude
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Left-Brained Focus: Creativity in other words
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Learning to learn, Learning to enjoy
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Quality consciousnessNASSCOM-CRISIL study predicted that employment avenues in India would rise to 9-10 million by FY2008-09. Woefully, only about 25% among the existing engineering students and 10-15% of general graduatesare employable (McKinsey report 2005). Exhibit 1.1depicts the percent employability of professionals fromvarious sectors across the globe.In the wake of the recent global meltdown and economic crisis, industry today requires an employableworkforce as against a trainable workforce. In the long term, efforts must be made by academia-industrycombine, to reduce fresher training in industry, for example in ITES, from a current average of 16 weeks to1 week. The need of the hour is intensify and focus collaboration between industry and academia to bridgethe skill gap and improve the quality and competencies of the workforce. It is not qualification alone thattranslates into employability; whilst qualification may constitute 40%, it is skills and attitude that constitutethe remaining 60% of attributes for employable resource
are necessary ingredients to transform the talentat college campuses into effective global professional leaders of tomorrow. -- Padmaja N
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