Skills gap, a serious problem in IT sector
Lack of skillsets of candidates in key sectors such as IT/ITeS, banking and manufacturing is preventing employers from finding the right talent they need. A new report ‘First India Skills Report 2014’ released at the third CII National Conference on Skill Development reveals that it is not about the lack of job opportunities that is plaguing the market, but lack of availability of skilled candidates that is causing the concern.
The report has been released jointly by PeopleStrong, a recruitment Company, and Wheebox, a talent assessment Company, in Collaboration with Confederation of Indian Industry and reveals that two out of three job seekers do not meet the Job provider’s requirements and hence are not considered fit for the jobs available. This means, only 34% were found employable Out of about 1, 00,000 candidates that are interviewed. Released by Shikhar Agrawal, Director General of Employment & Training Ministry of Labour & Employment Government of India and other industry and government officials, the report is aimed at creating an agenda to solve the talent supply-demand challenge the country is facing and therefore involves the industry, government and academia to get together to solve this mismatch.
According to the report, there will not be much uptake in hiring across the key sectors. As far as tech sectors are concerned, the IT services companies are not expecting a major change in their hiring numbers. However, engineering and core sectors are going to see a rise in the hiring numbers.
One of the notable highlights of the study has been the challenge of Corporate for maintaining gender diversity. The study states that the number of women employees across industries is very low. If we take a domain like IT security for example, we see that not only in India, but globally there is an acute shortage of women workforce in the Infosec industry. A new study by Frost & Sullivan reveals that women represent about 11% of the current IT security workforce. However, the CII report states that based on the gender, it was found that the quality of female candidates when hired is better than the males.[Read: IT security industry needs more women in the workforce]
Domain specific knowledge is also lacking in the industry. for example, although companies are talking about Big Data in reality there is a significant shortage of skilled professionals in this sector - who can truly be called Data Scientists, who can evaluate business needs and impact and write the algorithms and program platforms such as Hadoop, believe analysts.
Udayan Bose, CEO of analytics solutions firm NetElixir believes management and engineering curriculums are still designed keeping in mind the technology and business trends of 90s. digital marketing, analytics, e-commerce should be part of every technology and MBA curriculum to reduce this gap.[Read: Data pros, it's time for a skill up with analytics!]
Other sectors should also gear up with adequate skills in new and emerging areas believe experts. From that perspective Nirmal Singh, Founder and CEO of Wheebox believes that the First India Skills Report was is an effort to capture the skill levels of the supply side and needs of the demand side of talent so as to understand the talent supply-demand challenge the country is facing.
Pankaj Bansal, Co founder and CEO of PeopleStrong, said, “With government, academia and industry coming together, we can hope that with each new edition of India Skills Report, we will be able to leverage these interactions and chart out a path for resolving the Talent Supply-Demand mismatch Issue.”
- Weekly Rewind: Top 10 Stories On CXOToday (Jan 15-20)
- Top Fintech Trends That Will Dominate This Year
- Employees Not Bothered About Company’s Security: Study
- Data Felon’s Next Target: Insurance Firms
- 2018: The Year Of Demystifying Unstructured Data
- The Key Security Factors In Aadhaar Authentication
- Is It Time To Say 'Goodbye' To Passwords?
- Top 10 Customer Experience Trends in 2018
- How Big Data Is Changing Banking And Finance
- Microsoft, Accenture Team Up To Help Start-Ups