According to the study, just 34% of the students assessed were found employable, a fact well known by now. But some streams fared better than others. B Pharma students fared the best, with 55% being employable against 52% for engineers, 47% for ITIs, 19% for BAs and just 12% for polytechnic students. Overall, northern states (surprisingly) fared better than the south.
Women (42%) on an average scored better than men (33%). And among the cities, Delhi/NCR emerged as the most preferred city for young men, and Chennai for women, seeking work. Mumbai finds no mention among the top cities.
The employers'survey reveals another side of the story. First their monthly hiring outlook, with 2014 projected to be slightly better than the year gone by. Sectors like engineering and infrastructure, hospitality and travel expect a substantial pick-up in hiring. Others like banking, financial services and insurance ( BFSI), IT and IT-enabled services can expect only a slight pick-up (up to 10%) in hiring. But the real bad news is from the pharma and healthcare sector which is expecting to see a big drop of 24% in hiring.
The employers'survey reveals another side of the story. First their monthly hiring outlook, with 2014 projected to be slightly better than the year gone by. Sectors like engineering and infrastructure, hospitality and travel expect a substantial pick-up in hiring. Others like banking, financial services and insurance ( BFSI), IT and IT-enabled services can expect only a slight pick-up (up to 10%) in hiring. But the real bad news is from the pharma and healthcare sector which is expecting to see a big drop of 24% in hiring.
In a fast-changing world, the thrust on domain expertise is weakening as demand for MBAs is rising vis-a-vis engineers, even in sectors like engineering and telecom with a historical bias. The internet is playing a big role in companies' hiring plans — 34% of them are hiring via job portals and 7% via social media. About 16% of them use consultants to fill strategic positions. And once popular print ads have predictably declined to just 4%.
"Companies are clearly moving from a B2B platform [using consultants] to a B2C platform for their people needs. It significantly reduces the time and costs," says Rumjhum Chatterjee, group MD and head (human capital) of Feedback Infra.
The State View
According to the report,students from the north fare better than those from the south. Those from northern states — Punjab, Haryana, Delhi, UP — as well as West Bengal are more likely to pass the employable grade (with an overall score of 60%-plus). The southern states Andhra Pradesh (AP), Karnataka, Tamil Nadu — figure among the top nine. (All students were tested on maths, English and computers besides their own domain knowledge and behavioural skills.)
Even while assessing the candidates' knowledge in three core subjects — maths, English and computers — the north Indian states dominate in the top five list. Rajasthan comes on top with its students scoring the best in all the above three core areas, reflecting a better overall education quality in the state. "I am very surprised. This misses out southern states barring one or two. I am not sure of the scope [of the study] and need to see more details," says Bangalore-based TV Mohandas Pai, chairman of Manipal Global Education.But Pankaj Bansal, co-founder of PeopleStrong, says the result is based on primary data collected from 100,000 students directly. "Sometimes perception and reality may be at variance," he says.
The State View
According to the report,students from the north fare better than those from the south. Those from northern states — Punjab, Haryana, Delhi, UP — as well as West Bengal are more likely to pass the employable grade (with an overall score of 60%-plus). The southern states Andhra Pradesh (AP), Karnataka, Tamil Nadu — figure among the top nine. (All students were tested on maths, English and computers besides their own domain knowledge and behavioural skills.)
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