Lack of Employable Talent in Todays Indian Graduates

During the 1980s, Indian graduates faced a lot of difficulties due to lack of employment opportunities
despite good academics and scholastic abilities. Unemployment rate was at its peak. But in 1991,
the Economic Reforms have changed the face of Indian job market. Industrialization, growth of
public and private sector enterprises etc. boosted employment opportunities as well as better-paid
jobs.
Today, it is even more better. Companies are mushrooming like never before. We are outsourcing
products and services to international companies. Obviously, there is no lack of opportunity. On the
other hand, there is no shortage of professional degree holders. The number of higher education
institutes has gone up. India is the third largest higher education market in the world producing 37
lakh graduates every year.
However, companies national and international are afraid to give jobs to Indian graduates. This
because sheer lack of job skills. Industry experts opine that even after pursuing 15-16 years of
formal education our graduates are still not suitable for a job. They say, giving jobs to such people
will destroy their hard earned brand name and reputation.
Its not unemployment but unemployability
Lack of employability skills or employable talent among Indian graduates is the current problem in
Indian job market. The reasons cited are lack of skills, obsolete syllabus, poor academic delivery,
lack of work culture exposure and emphasis on just scoring marks instead of gaining knowledge. We
are, thus, surviving with a mediocre higher education system in the global market. This is an open
secret now with many industry bodies coming out with research reports and many eminent
personalities expressing their opinions on the situation.
Experts talk

Nasscom report According to Nasscoms report of the 37 lakh graduates coming out
every year only 25% of are employable in the IT-BPO sector. Especially when it comes to
tech graduates only 35-40% are readily employable. Further, while the industry is updating
itself very fast with the global market requirements our education system is still lacking
behind.

The Metro Man of India E-Sreedharan was also upset by the deteriorating standards of
technical education in India. According to him, we have enough number of engineering
colleges producing lakhs of engineers every year. While the best from IITs and RECs are
going to universities abroad, the next best lot goes to management selling soaps and oils.
The next lot goes to IT as it is very lucrative. Still we are left with so many engineers who are
of low quality.

He quotes a survey according which only 12% of the current engineering graduates are
employable, 56% can be made useful through further training and the remaining 36% were
not even trainable. He emphasized the point that the present curriculum is not in sync with
the industry needs, it is not even upgraded frequently to the changing industry needs. He
also mentioned that poaching and lack of integrity are two main issues with the current
graduates who are doing jobs for the sake of remunerations.

Prathibha Patil - The former President of India, expressed her views on Indian education
system saying Our system must be revolutionized and the institutions must be revamped
to go to the next level of the education ladder to produce a generation of skilled, educated,
trained, productive and employable youngsters. As India is blessed with great number of
young population, our education system must make sure to fully equip this generation before
they enter the work sphere.

KPMG partner, Mohit Chandra Mr. Mohit Chandra is a partner in KPMG, one of the
leading professional services companies in the world. In his article An Open Letter to
Indias Graduating Classes published in The New York Times, he expressed his concern
about the Indias graduating class. In the beginning itself he said we regret to inform you
(graduates) that you are spoiled. With a collective experience of hiring and developing
people, he fins shortage of skills in graduates, which employers typically look for. Here goes
those the list of these skillso

Lack of English communication skills both oral and written

Poor problem solving skills and inability to think out-of-the-box

Not interested to learn or invest in new tools, techniques, and new sector knowledge

Unprofessional and unethical behaviors hopping job every year, using one
companys offer letter to fish jobs in other companies for more salary, not willing to
work for extended hours etc.

His message to the graduates is to make them aware and get ready with the skills that every
employer expects. He also asked the grads to invest in language skills, knowledge gaining
activities, true professionalism, and to think creatively and non-hierarchically.

India Labour Report 2012 It is a report compiled by TeamLease Services & Indian
Institute of Job Training (IIJT). According to the report enrollment in higher education in India
surged to 15.3 million up from 1 lakh in 1947. However, 58% of Indias graduates have some
degree of unemployability and they lack formal on-the-job exposure.

National Employability Report Engineering Graduates, 2011 This report was released
by Aspiring Minds, one of the leading employability measurement companies in India. They

conducted a study specific to Engineering graduates which revealed that out of five lakh
engineers India produce annually, only 87,250 (17.45%) are employable for IT services
sector; only 13,400 (2.68%) are employable for IT product sector, only 46,100 (9.22%) are
employable for KPO sector etc. According to the study the increase in number of colleges is
directly impacting the percentage of employable graduates every year. The report concluded
saying improving the quality of education in the existing colleges is the need of hour.

World Bank Survey According to a 2009 survey jointly carried out by the World Bank and
Federation of Indian Chambers of Commerce and Industry (FICCI), 64% of surveyed
employers are somewhat, not very, or not at all satisfied with the quality of engineering
graduates and their job skills and only 36% are satisfied with the employability of graduates.

World Bank Director Education Elizabeth M King - In one of the summits she says
though India is enrolling more number of students every year, the quality of education is still
poor. She further says that even the best institutes like IITs and IIMs are not as good as MITs
in terms of quality of education.

McKinsey Global Institute Survey A survey in 2007 conducted by McKinsey says, of the
3,60,000 engineering graduates India produce only 25% are employable. Further of the
6,00,000 arts/science/commerce graduates only 10% are employable. Also of the 5,000
candidates that register for Ph.Ds in science and engineering every year only 100 people
with complete it successfully.

These data are enough to say that it is not unemployment but unemployability which is making our
graduates jobless. So, understand the reality and make yourself and everyone you know who may
seek a job in future employable instead of getting a degree.