According to the company, only 4.2% of India’s engineers are fit to work in a software product firm, and just 17.8% are employable by an IT services company, even with up to six months’ training. A larger share could cope in business-process outsourcing (call centres and the like). These findings are even gloomier than the 25% figure for employability that has been bandied about since 2005, when McKinsey released the results of a survey of international companies.For this reason, Indian firms, including IT firms, find it convenient to confine their recruitment to the top 100 colleges. But this is a soft option and one that cannot help meet Indian firms' huge demand for engineers in the coming years. The challenge is to locate the small percentage in the large pool of engineers outside the top 100 colleges that is fit for employment. Apparently, Aspiring Minds has developed standardised tests that helps locate that small percentage.
If this works to the satisfaction of employers, it will be a huge gain. There is only so much extra capacity you can create in higher education. We have to make the best of the existing capacity- locate the quality in a large pool. Next, firms must invest in training. We see this happening already in banking and insurance where, again, the demand for people is going to be huge. Waiting for colleges to produce graduates who are readily employable will mean a long wait indeed.
2 comments:
Seeing these kind of posts reminds me of just how technology truly is everywhere in this day and age, and I am fairly certain that we have passed the point of no return in our relationship with technology.
I don't mean this in a bad way, of course! Ethical concerns aside... I just hope that as technology further develops, the possibility of downloading our memories onto a digital medium becomes a true reality. It's a fantasy that I dream about almost every day.
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