1. There is an oversupply of engineering graduates in India, with only 20-33% of the 1.5 million graduates each year finding jobs that match their engineering degrees.
2. Companies are wary of campus hiring and investing in training due to low analytical skills, lack of experience, and high dropout rates among fresh graduates.
3. Opportunities for engineering graduates have decreased in the IT and manufacturing sectors, with hiring down 10-20% compared to previous years. Many graduates end up working in unrelated fields like sales.
2. THESE ARE HARD TIMES FOR ENGINEERING GRADUATES.
1.5 Million Engineering Pass Outs In India Every Year, Fewer Getting Hired.
Opting for a degree in engineering would be a wise career move in India.
20-33% out of the 1.5 million engineering graduates passing out every
year run the risk of not getting a job at all.
Entry-level salary is pathetically low.
“Several engineers end up working as sales executives, so
there is no link between what they studied and what they do.”
The IT, ITES and the manufacturing sector- are also hiring a
lesser number of them than before..
The IT industry in India, which grew by as much as 30% up till
five years back, has slowed down to a 10.2% growth rate at
present. The demand for qualified professionals in the field has
understandably gone down too.
3. KEY CHALLENGES FACED BY COMPANIES
According to experts, companies are adopting a cautious approach to campus hiring.
"The fact that companies will have to spend a considerable amount on the training of
fresher's is a major concern.
Therefore, most companies are very careful about campus hiring and do not wish to go
overboard," said V. Suresh, executive vice president and national head of sales, Naukri.com.
KEY
CHALLENGES
TO HIRE
FRESHER’S
AVG
Communication &
Written Skills
High Salary
Expectations
High Drop out
Ration
NO Analytical Skills
NO Real Time
Experience
NO Written Skills
More Graduates
Less Opportunities
Attitude Problem
4. Fresher hiring has fallen to 20 per cent from about 80 per cent earlier.
56% recruiters said that campus hiring in 2014 will be lower than that in 2013.
Recruiters noted that hiring for Engineering students will decline. However, software
companies are upbeat about campus recruitment.
instead of hiring fresher's, these organisations might wait for a year and hire those
with a year’s experience, at the same salary structure.
Compared to the numbers hired, there is abundant talent in fields such as
engineering. Reports suggest 1.1-1.5 million pass out with engineering degrees every
year, while industry’s overall intake capacity is only 0.3-0.5 million.
6. BUSINESS OPPORTUNITIES AROUND SKILL DEVELOPMENT
SKILL DEVELOPMENT THROUGH TRAINING
Pre-
Assessment:
Training
Objectives:
Learning
outcomes
Guidelines
What do we need to know?
Who are we training?
Identify Existing knowledge.
Identify the gaps.
Methods
Lab Activities
Technical discussions
Workshops
Group technical discussions
Behaviour outcomes
Communication skills.
Results/outcome oriented
Focused on job-related tasks
Behavioural statements
Attitude Statements