PROBIZ International - Vol-1 Probiz File final | Page 10

News From the Chamber - CII

The Changing Employment Landscape in India

ProbizInt looks into some of the most astonishing facts revealed in the recently conducted survey under the banner of CII

India is the youngest nation with more than 54 % of its total population below 25 years of age and 62 % in the working age group of 15-59 years , revealed the India Skills Report 2018 that highlights trends in employment and the outlook of hiring landscape in India while understanding the needs of the job seeker and organizations .

The fifth edition of the report was brought out by the Confederation of Indian Industry ( CII ) in collaboration with its partners – Wheebox , PeopleStrong , Pearson , Association of Indian Universities ( AIU ), United Nations Development Programme ( UNDP ) and All India Council for Technical Education ( AICTE ). This unique initiative aims to bridge the talent demand and supply in the country , by providing a clear understanding of the requirement of skilled manpower in the various industries .
The report highlights that employment landscape is rapidly changing and new jobs are emerging with fast disruption in business models around the globe . Skills required today as well as job markets are markedly different from those 10 or even 5 years ago . The speed with which these changes are taking place is bound to accelerate . Therefore , the need of the hour is to build a skilling system which would enable the workforce to adapt and match the new requirements , a system that responds well to business needs and also provides new opportunities for all . The Skills Report 2018 highlights the current trends along with laying out what it will take for India to become the “ Skill Capital ” of the world .
The Report is a blend of two distinct sections – ( i ) the Wheebox Employability Test , an employability skill test assessing students in
the current context and ( ii ) India Hiring Intent Survey , a corporate job survey , which analyses industry responses to bring demand perspectives .
Wheebox Employability Test ( WEST )
WEST assessed the employability factor for students by looking at employability of the available pool of skilled people with the help of a structured online assessment tool . More than 5 lakh students from 5,200 institutions with varied educational backgrounds were approached for skill availability , covering 29 states and 7 Union Territories .
Results of the survey revealed that this year ’ s employability score reached a new level of 45.60 %, up by 5.16 % over last year ’ s score . The score indicates that around 45.6 % of students are employable and are ready to take up jobs . A higher score is
reflective of the efforts undertaken by various stakeholders , including the Government , to provide more employable resources to the economy .
Survey results further revealed that Information Technology ( IT ) and Computer Science courses have the highest employability rate with 64.5 % and 56 % respectively . The survey found that Engineers were also highly employable at 52 % and that MCA students ’ employability was on the rise in 2017 , registering a 13 % increase from 2016 .
Bangalore , Chennai , Indore , Lucknow , and Mumbai were the top 5 cities with high employability . The data also reported that there has been a decline in female employability in 2017 compared to last year from 41 % to 40 %, while male employability increased
10 August 2018