Is india on track?


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Dwindling economic indicators can potentially derail the skilling agenda. Is India on track to meet its skilling target by 2022?

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Is india on track?

  1. 1. www.p e op le m atte rs .in
  2. 2. www.p e op le m atte rs .inWhile on the one hand, India Inc. is struggling to maintain a healthygrowth rate & profitability, on the other hand, the Sector SkillsCouncils - charged with workforce development of particularindustry sectors are struggling to fulfill their core functions. Will thedoubling of the allocation for National Skill DevelopmentFund help put the skilling agenda back on track?People Matters delves deeper into the various initiatives anddevelopments in skilling to assess whether the efforts are in syncwith the stated skilling target given the current macro-economicchallenges.
  3. 3. www.p e op le m atte rs .inDid you know?While current estimates suggest that 5 lakh students need to be trained peryear, only 75,000 were trained last year12.8 million people join the job market every year in India. The current skillcapacity being 3.1 million, there is an annual deficit of more than 9 millionThe importance of vocational education has been clearly undermined.Formal education system still remains divorced from vocational training
  4. 4. www.p e op le m atte rs .in
  5. 5. www.p e op le m atte rs .in
  6. 6. www.p e op le m atte rs .inInteresting Facts!79% say educational institutes are not helping candidates become employable85% say candidates lack exposure to workplace skills84% say they prefer to hire freshers with vocational skills61% say entry level talent is critical in business competitiveness82% say that mainstream plus vocational training help in reducing training time & cost73% build internal talent pipeline97% say training is must to make entry level hires productive
  7. 7. www.p e op le m atte rs .inEXPERTS SPEAK The knowledge & skill level acquired by a candidate while undergoing technical education does not match with the skills and capability required by the industry - there is clear a gap. S.Y. Siddiqui, Chief Operating Officer, Maruti Suzuki India Click for full story As you go to the bottom of the pyramid and into rural areas, it gets more difficult to get individuals to pay for skilling & development programs Sanjeev Duggal, CEO & Director, Centum Learning and Co-Chairman, FICCI Skill Development Forum Click for full story The success of the skilling agenda will depend on a mindset shift as most Indians believe a degree is equal to a job Meera Shenoy, Founder-CEO, Youth4Jobs Click for full story
  8. 8. www.p e op le m atte rs .inEXPERTS SPEAK Studies have shown that by 2022, the automobile industry in India will require 25 to 35 million skilled people Prince Augustin, EVP - Human Capital, Mahindra & Mahindra Click for full story There is an urgent need to develop the whole ecosystem for which the industry as well as the government will have to take ownership S. Mahalingam, Chairman, CII Council on Skill Development and CFO & Executive Director, Tata Consultancy Services Click for full story the employer has to make a commitment in advance and even pay part of the money, because the course is customized for him T. Muralidharan, Chairman, TMI Group Click for full story
  9. 9. www.p e op le m atte rs .inEXPERTS SPEAK Udaan aims to provide skills and consequently employment to 8,000 youth from J&K per annum over a 5 year period in key high growth sectors Dilip Chenoy, CEO & MD, National Skill Development Corporation Click for full story Academic knowledge needs to be supplemented by soft skills, which we provide through training & coaching in the workplace Abhijit Bhaduri, Chief Learning Officer, Wipro Click for full story The people we hire from these campuses essentially have the subject knowledge, but may lack some of the softer skills demanded of the job Ravi C. Dasgupta, Vice President - Group HR, Biocon Click for full story
  10. 10. www.p e op le m atte rs .inEXPERTS SPEAK We need to get the ecosystem in place, which will enable the required connect between skill development and jobs T.V. Mohandas Pai, Chairman, Manipal Global Education Services Click for full story There is a need to invest in infrastructure & instructural design, to ensure that Candidates come and work Prabir Jha, Senior Vice President & Head - HR, Tata Motors Click for full story Our interventions start even while the students are in the academic system to help them come up to speed with respect to the industry’s expectations Dr. Uma Ganesh, CEO, Global Talent Track Click for full story
  11. 11. www.p e op le m atte rs .inEXPERTS SPEAK Active internships during education programs can provide people hands-on experience even while they are studying Piyush Mehta, SVP - HR, Genpact Click for full story Each sector has its unique demand of skills in new hires Yashwant Mahadik, Vice President & Head - HR, India & Indian Subcontinent, Philips Click for full story The competencies we look for when hiring include problem solving ability, Communication skills, and customer handling skills Alok Narain, SVP - Human Resources, Quatrro Global Services Click for full story
  12. 12. www.p e op le m atte rs .inEXPERTS SPEAK Learners traditionally have not placed the same value on vocational education as on academic - the ‘parity of esteem’ issue John Yates, CEO, Manipal City & Guilds Click for full story The investment required on training is between Rs. 30,000 to 40,000, & the attrition in the first year is about 10-12%, which reduces to 6-7% thereafter and almost nil post that Sukumaran P.P., Chief People Officer & Board of Management Member, Gammon India Click for full story India today has over 400 million people, who are in the industry and need to go through skill upgradation Srinivas Rao Chedela, Managing Director, Laurus Edutech Click for full story
  13. 13. www.p e op le m atte rs .inEXPERTS SPEAK Our effort is to contribute to enhancing employability by placing the candidates either in Walmart or others companies Riju Vashisht, EVP - People, Walmart India Click for full story Our attempt is to attract good talent; therefore we have a rigorous process to assess & select Arun Sehgal, EVP - HR, GlaxoSmithKline Consumer Healt hcare Click for full story We need to work towards creating hard skills in the first place and then top it with soft skills Dr. Santanu Paul, CEO, Talentsprint Click for full story
  14. 14. www.p e op le m atte rs .inEXPERTS SPEAK The absence of candidates’ readiness to be productive on the job leads us to invest in training them Srikanth Kara, Vice President - HR, HP Click for full story We need less regulation on capacity building and a lot more regulation on the quality side Amit Bhatia, Founder & CEO, Aspire Click for full story The talent challenge in the industry is very real but ours being a Bancassurance model, our challenges are comparatively little less Ashish Srivastava, Director - HR, Canara HSBC Oriental Bank of Commerce Life Insurance Company Click for full story
  15. 15. www.p e op le m atte rs .inEXPERTS SPEAK The 3 payers; individuals, government and companies will have to work together to find a financing solution that is scalable, sustainable, transparent and honest Manish Sabharwal, Chairman, TeamLease Click for full story We face difficulty in cutting through the cultural bias of working in the restaurant business as it is not considered a great career option Seema Arora Nambiar, Director, People Resources, McDonald’s India (West & South) Click for full story A big challenge is that there are hardly any conversations between the industry and the skilling organizations, resulting in largely unproductive output Santosh Kumar Choubey, Chairman & Managing Director, AISECT Click for full story
  16. 16. www.p e op le m atte rs .inEXPERTS SPEAK We hire for attitude and train for skills. Sourcing & selecting service professionals is a tough task Gurmet Singh, Area Directo r, HR - India Sub Continent, Maldives & Pakistan, Marriott International Click for full story Skill development is increasingly becoming the responsibility of the organization Anurag Maini, EVP - HR & Training, DLF Pramerica Life Insurance Click for full story We have a ‘train & place model’ where we have tied up with institutes and NGOs, to identify talent, train them and place them accordingly Dr. Anita Bandyopadhyay, Director, Center for Excellence - Corporate HR, Raymond Click for full story
  17. 17. www.p e op le m atte rs .inEXPERTS SPEAK The skills that we look for are basic mathematics and computer skills which we are not able to find easily A. Sudhakar, Senior Executive Directo r - HR, Dabur India Click for full story
  18. 18. For Further Information Kindly Contact +91 (124) 4148102 info@ Connect with us onIs India on Track? June 2012 Subscriber Now!