Tue, Jun 27, 2017 | updated 06:13 PM IST

India Skills Report, a joint initiative of Wheebox, PeopleStrong, CII in association with LinkedIn , UNDP and AICTE

Updated: Nov 09, 2016 15:51 IST      
India Skills Report, a joint initiative of Wheebox, PeopleStrong, CII in association with LinkedIn , UNDP and AICTE

New Delhi [India], Nov.9 (ANI): The last year under the Modi Government has seen lot of initiatives in the space of skilling, job creation and most importantly in terms to linking skilling to jobs and taking steps to bridge the gap between talent supply and demand.

While it is too early to predict the results of these initiatives, this focus from the top is showing some early positive signs. At least the results from India Skills Report 2017, one of the most comprehensive reports that provides a consolidated view of the talent landscape of India suggest so.

India Skills Report 2017 a joint initiative by Wheebox, Global Talent Assessment Company, PeopleStrong, a leading HR solutions and HR Technology company from India, in collaboration with Confederation of Indian Industry was launched today by Bandaru Dattatreya, Union Minister of Labour at CII's Global Skills Summit in Hyderabad.

This initiative is backed by various other renowned partners like LinkedIn, United Nations Development Programme, AICTE, AIU and various state governments.

In its fourth season the report captures the insights from the largest employability test that was spread out to 5000 educational campuses, assessing five lakh students across 29 states and seven union territories from noteworthy educational universities and professional institutes in the country along with the India's hiring intent survey that reached out to over 125+ employers across 11 major sectors.

According to the study, employability amongst the talent pool joining the workforce every year is increasing significantly. While in 2014 the percentage of employable population was at 33 percent it has increased significantly to 40 percent this year.

This is a decent increase considering that all the initiatives in this space are yet at a very nascent stage. The report also shared that the female candidates seem to be more employable than their male counterparts.

Though "employability" here does not include mere domain excellence, but other aspects like communication skills. Logical and analytical ability and several other aspects it is interesting to see women shining in yet another area.

From the demand side, the study forecasts an overall increase of about seven to ten percent in the hiring intent for year 2017 when compared to the current year. Despite the kind of turbulence which is shaking the global market, it is a very good sign to see a moderate increase in hiring in the coming year. Though at an overall level almost all sectors except Telecom (which expects high growth in hiring) expect a steady or moderate growth,

There are few interesting insights the report shares at the level of sub-segments. For example allied sectors in telecom, Auto ancillary, Quick service restaurants, Power and energy management are expected to lead the growth in hiring. This brings good news to the candidates who are on a look out for job opportunities.

The report also shares that Maharashtra as a state will not only have the highest percentage of employable workforce but it will also see high frequency in hiring in the coming year. However, when it comes to the preferred places to work, Bangalore seems to be the preference for the talent pool, which will start joining the workforce shortly.

The report also tried to identify the preferred sourcing channels of the employers. For the fourth consecutive year Internal referrals came across the most preferred sourcing channels. Though both traditional channels (job boards, consultants) and new channels (digital channels) are picking up pace every year, internal referral because of their cost and quality benefits are shadowing all other channels. In addition to this the report this year had special focus on the current state of gender diversity in organizations across sectors and the initiatives employers are taking to improve this number. According to the study, though the gender diversity in almost all sectors has still not touched the number of 33%; not many organizations are looking to resolve this issue right at the source. Only 40% of the employers who participated in India Hiring Intent survey, have defined targets to hire women candidates. And even in organizations where this number is right there on the KPI charts the target ranges from 10-40% (depending on the industry and the kind of work)

Mr. Nirmal Singh, Founder and CEO of Wheebox, said "If we look at the current stock of the Skill landscape in India, the situation is alarming. As per India Skills Report 2017, we found out that of all the students entering the job market across the country, hardly 2 out of 5 meet the criteria of the employment set by the employers. The severity of the situation is accentuated by many levels when the economy is looking up, new jobs are getting generated in ecommerce, energy, retail, telecom, hospitality and financial industry; but there are not enough "skilled" people available. Many jobs are getting mechanized and can be managed by a few people and intelligent algorithms then we are heading to a large challenge where many of us do not know the unknown future. We may have plenty of low to moderately skilled people for jobs that may not exist in future".

"The need of the hour is to evangelize the large challenge that is just round the corner. All countries experience demographic dividend once in their lifetime and India's demographic dividend is just an opportunity for next 25 years, Once gone it will never come again. Though we are late in identifying the opportunity still if we do not prepare ourselves rapidly to reap the benefits" said Nirmal Singh.

Pankaj Bansal, Co-founder and CEO of PeopleStrong, said "The results look positive despite the turbulence in global markets and this surely reinstates the belief that the time of India is here and we are moving in the right direction. It is especially interesting to see a positive hiring intent for the third consecutive year, and also the focus that is expected to increase towards women hiring and entry-mid level jobs."

"The India skills report, now in its 4th edition addresses the common goal of quantitatively analyzing the mismatch of jobs and skilled workforce across India. The report is consistently quoted by Industry & Government across forums in India and this is the real testament of its success also for providing the Industry with such comprehensive data of the supply side, that directly helps Industry to hire skilled youth across domains." said Chandrajit Banerjee, Director General, Confederation of Indian Industry.

"To meet the demand of human resource for all such initiatives, a close coordination is needed between the Industry and Academia. The India Skills Report will help in understanding the need of Industry and preparedness of youth of this nation to take up the challenge to convert this nation to Unnat Bharat." said Anil D. Sahasrabudhe, Chairman, AICTE. (ANI)

Mumbai [India], June 27 (ANI-Newsvoir): Pushpanjali Realms and Infratech Limited, which is engaged in real estate development in Dehradun, Uttarakhand, is entering the capital market with its initial public offering. The issue, which will open on June 27, 2017 and will close on June 30, 2017.

Full Story >>

New Delhi [India], June 27 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed Finance Ministry's decision to delay the enforcement of tax collection and tax deduction at source under the Goods and Services Tax (GST).

Full Story >>

Adda52 announces release of Adda52 Rummy for Android

Updated: Jun 27, 2017 16:36 IST     

New Delhi [India], June 27 (ANI-BusinessWire India): Adda52 Rummy on Tuesday announced the launch of its highly anticipated mobile app, Adda52 Rummy for Android versions 4.4 ("KitKat") and above.

Full Story >>

SAP India, Govt to empower MSMEs with next-gen technology

Updated: Jun 27, 2017 16:31 IST     

New Delhi [India] June 27 (ANI): Commemorating International day for MSMEs, SAP India on Tuesday signed a Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises to jointly launch Bharat ERP - an exclusive programme to empower MSMEs with next-gen technology to fuel their digital journey.

Full Story >>

New Delhi [India], June 27 (ANI): The Reserve Bank of India (RBI) on Tuesday issued an advisory letter to banks asking them to incorporate additional provisioning on the 12 loan accounts to be referred to the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code (IBC), reports Moneycontrol.

Full Story >>

Vishal Sinha appointed as CEO, CWT India

Updated: Jun 27, 2017 15:13 IST     

New Delhi [India], June 27 (ANI): Carlson Wagonlit Travel (CWT) on Tuesday appointed Vishal Sinha as the new CEO of CWT India, and will be based in the firm's head office in Gurgaon.

Full Story >>

New Delhi [India], June 27 (ANI-BusinessWire India): With the recent increase in student intake by almost all the colleges, an unusual trend has been observed by CollegeDunia, one of the largest college aggregator portals that colleges with better reviews on their portal are witnessing an increase in their application rates while those with poor reviews are actually facing scrutiny in terms of admission trends.

Full Story >>

Unicommerce Solutions are now GST-ready

Updated: Jun 27, 2017 14:27 IST     

New Delhi [India], June 27 (ANI-BusinessWire India): Unicommerce, India's leading SaaS-based multichannel order fulfillment platform showcased its Goods and Services Tax (GST) ready solutions for online sellers at an event on Saturday.

Full Story >>

New Delhi [India], June 27 (ANI): Lauding the commitment shown by India and the United States towards increasing market access in the Information Technology (IT) and other sectors, ASSOCHAM on Tuesday asserted that it will be highly beneficial to the upliftment of the USD 150 billion software and services industry in the country.

Full Story >>

New Delhi [India], June 26 (ANI): The Healthcare Federation of India (NATHEALTH) organized its second western roundtable meeting in Mumbai and deliberated on host of issues related to healthcare sector in India.

Full Story >>

New Delhi [India], June 26 (ANI-NewsVoir): Maharishi University of Information Technology, NOIDA celebrated the stellar performance of its students in the recently held Techgig Code Gladiators 2017 contest in Bangalore.

Full Story >>

New Delhi [India], June 26 (ANI-NewsVoir): Anuj Puri, Former Chairman and Country Head of International Property Consultancy JLL India, today announced the launch of ANAROCK Property Consultants Pvt. Ltd., essentially rebranding JLL's erstwhile residential brokerage business which he acquired earlier this year.

Full Story >>

New Delhi [India], June 26 (ANI): Paytm Mall is contributing towards the growth of automobile dealers by bringing their offerings online. This has enabled over a thousand dealerships across the country to reach a wider set of customers.

Full Story >>

New Delhi [India], June 26 (ANI): With the rollout date of the Goods and Services Tax (GST) inching closer, the Finance Ministry on Monday announced a delay in implementation of the provisions of Section 51 and 52 under the CGST / SGST Act, 2017, aiming to ensure smooth rollout of the GST.

Full Story >>

Unidentified men loot 37 lakh from Flipkart centre in Delhi

Updated: Jun 26, 2017 12:25 IST     

New Delhi [India], June 26 (ANI): Unidentified men looted Rs.37 lakh from a Flipkart dispatch centre in the Jhilmil Industrial Area of Delhi yesterday.

Full Story >>

New Delhi [India], June 25 (ANI): Sikshana Foundation, a Karnataka-based NGO, in collaboration with Dell awarded scholarships for the education of 360 underprivileged girl children from rural Karnataka.

Full Story >>

ASSOCHAM-PwC report urges efficient waste disposal

Updated: Jun 25, 2017 09:27 IST     

New Delhi [India], June 25 (ANI): In the wake of an improper waste disposal system, with waste being dumped without sufficient treatment, an ASSOCHAM-PwC study revealed that an estimated 88 square kilometer (sq. km.) of precious land needs to be brought under waste disposal through land filling by 2050.

Full Story >>

New Delhi [India], June 24 (ANI): On the occasion of International Yoga Day on June 21 st, Ruchi Soya Industries Ltd. launched a pioneering initiative, the Ruchi 'Saral Yoga' Abhiyaan to integrate yoga in the corporate routine through daily yoga sessions for all employees.

Full Story >>

New Delhi [India], June 24 (ANI-BusinessWireIndia): The UN Summit of 2015 was indeed a historic one; the world leaders adopted 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development. However, the goals didn't come into force until 2016. With the aim of achieving these goals, member countries of UN will deploy efforts to put an end to poverty, eliminate inequalities, and curb climate change.

Full Story >>

Bajaj Electricals partners with IFSC as lead sponsor

Updated: Jun 24, 2017 14:11 IST     

New Delhi [India], June 24 (ANI): India's leading brand of kitchen and domestic appliances Bajaj Electricals has announced its partnership with The International Federation of Sport Climbing (IFSC) as a lead sponsor.

Full Story >>