Monday, November 10, 2014

Only 37% graduates employable, women beat men

An assessment of 300,000 students across 29 states and seven Union territories has found only 37% to be employable with women candidates faring better than men. This is an improvement from last year when the tests found only 34% of the candidates employable. The survey showed that 38% women candidates were employable compared to 34% among males. These are the finding from the India Skill Report (ISR) compiled by human resource consulting firms Wheebox, PeopleStrong, Linked-in and the Confederation of Indian Industry (CII).

The top states with employable skill pool were Rajasthan, Andhra Pradesh, Haryana, Kerala and Karnataka. These states have held their positions from last year while U.P, Bihar, Tamil Nadu, West Bengal and Orissa have joined the list this year.

"We found that skill levels across states have moved up. What is heartening is that states such as Uttar Pradesh and Bihar, which were not there in the top states list have come in," said Nirmal Singh, founder and CEO of Wheebox.

On the demand side an overall increase of about 23% is expected in the hiring numbers per month. The job outlook confirms that there is an expectation of a growing market in the coming years. An acceleration in economic growth and new projects coming on stream are expected to have a positive impact on the hiring outlook.

Hospitality and travel lead the way, followed by banking, financial services and insurance and core sectors where this increase is more than 25% compared to last year's numbers, according to the survey. Apart from other manufacturing (excluding auto, consumer goods and durables,), pharma and healthcare and telecom, almost all other sectors expect an increase of more than 10% in monthly hiring numbers.

Spread of hiring is no longer restricted to few states. States with maximum hiring activity were Karnataka, Maharashtra, Delhi, Tamil Nadu, UP, West Bengal, Andhra Pradesh, Punjab, Gujarat, Madhya Pradesh. Preferred states for operating in India were Maharashtra , followed by Delhi and Tamil Nadu.

The survey found that an increasing number of candidates from the talent supply side are looking for apprenticeship. This number increased to 76% compared to 55% last year.

While test takers from arts domain experienced a substantial increase in the employability as compared to last year (from 19.1% to 29.8%), there were few domains such as B.Com., B.Sc., ITI and polytechnic where this number dropped by about 1-3%, the report showed. "This shows that areas like arts, commerce and polytechnics should receive special focus. With new skill development activities being introduced by the government to increase employment; an inclusive plan with focus on these domains would be impactful," the report said.

In the age segment, 18-21 years were the most employable, continuing the trend from last year. Across age groups there has been a considerable increase in the employability,18-21 years 39.4%, 22-25 years 34%, 26-29 years 30%.

Compared to last year, this year there has been an increase in number of candidates, who are expecting an annual salary of Rs. 260,000 and above. About 7% expected a compensation of Rs. 260,000 this year compared to last year 0.1%.

The preferred areas of work were Chennai, the national capital region, Bangalore, Ahmedabad, Coimbatore, Chandigarh, and Hyderabad.

The overall gender ratio across industry sectors has shown some improvement from last year. While last year the male to female ratio stood at 76:24, this year it was 68:32. .

Sectors which have more than a third of their workforce female are: banking, financial services and insurance, business process outsourcing /IT enabled services, pharma and healthcare, and telecom.

Source: The Times of India, November 10, 2014

No comments:

Post a Comment

Blog Archive