Wednesday, June 11, 2008

39.5% Indian Graduates Employable

by Jo Black

Skills development and unemployment is a core concern not just in India but worldwide and Public Private Partnerships are the key to realising India’s vast potential in this area and achieving socially equitable and inclusive growth, Sharda Prasad, Director General Employment and Training, Ministry of Labour and Employment said.

Prasad was addressing the ‘Skills World 2008′ summit organized by the Confederation of Indian Industry (CII) and Aspire, a leading Human Capital Management firm in New Delhi.

The cabinet has already approved the setting up of a ‘Skills Development Mission’ which will include setting up of 1,500 more ITIs and 50,000 Skills Development Centres, taking the mission to smaller cities and rural areas, Prasad said.

As part of the government’s Skills Development Policy, the Labour and Employment Ministry has embarked on setting up Sectoral Councils, he added.

The government wants to play the role of a facilitator in this field, Prasad said and invited the industry to join hands with it to create a road map for solving this problem.

This CII summit is a landmark initiative that will go a long way in producing and locating talent which is demand responsive, he said.

Prasad also launched a book ‘Talent on Demand: Managing Talent in an Age of Uncertainty’ authored by renowned international expert on skills and employment issues, Dr Peter Cappelli, Director HR, Wharton.

The book is a path breaking study that outlines a universal model to create the right jobs for the right people.

From a global perspective India is doing better than it thinks it is doing in the field of HR, Dr Cappelli said. But it needs to build on it for HR today is problem of scale.

While education providers need to gear up to provide the needed skillsets, the employers need to invest more in training and right hiring, he added.

India is on a scorching economic rise for the past few years and the only bottleneck can be not having enough people to do what we need to do, said Shivinder Mohan Singh, Chairman, CII Delhi State Council and CEO and MD Fortis Healthcare Ltd.

India’s young population is its demographic dividend and should not be allowed to become a demographic divide, he said and added that skills development is a concern not just of industry and GDP but of society, governance and growth.

Only 39.5 per cent of graduates in India are employable and the challenge is to bridge the HR gap by providing skills training to the other 60 per cent, said Amit Bhatia, Founder and CEO Aspire.

Supply chain principles should be applied to achieve the talent of demand targets and achieve a more equitable social and economic model, he said, and suggested setting up of Special Education Zones to meet the growing demand.

Aspire also launched its “India Skills Report Card 2008″ at the Summit.

People must be built to build India, and if the country can channel its vast HR potential ‘India @ 75′ will have the largest pool of trained manpower that will form the basis of global leadership, said Col Harmit Singh Sethi, Head Skills Development, CII.

CII has been a catalyst in promoting the skills movement in the country.

The summit was a platform for CII to further the government’s vision of having sectoral councils. It focused on the three pivotal sectors - outsourcing, financial and retail - that are facing a talent crunch.

This is also a first step in identifying skills gaps across the four collars from all sectors.

 

 

 

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