Industry feed back to the engineering graduates
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How bad the technical education is. A report compiled in 2012. The state of engineering educations is in bad shape.
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Industry feed back to the engineering graduates
- 1. Current Scenario of Acceptability of Engineering Grads in the Industry In Terms of Skills
- 38. My message is a call to action: Be aware of these five attributes, don’t expect the gravy train to run forever, and don’t assume your education will take care of you. Rather, invest in yourself – in language skills, in thirst for knowledge, in true professionalism and, finally, in thinking creatively and non-hierarchically. This will hold you in good stead in our knowledge economy and help lay a strong foundation for the next productive generation that follows you. Together, I hope we, your employer, and you, the employee, can forge an enduring partnership. An Open Letter to India’s Graduating Class From KPMG
- 42. FICCI Survey on Labor / Skill Shortage for Industry As the above chart shows, a sweeping majority of 90% of the participating companies have indicated that they are unable to find adequate number of workers for running their operations. leading to slippages in meeting confirmed orders Companies have also reported that they have started facing the brunt of this shortage in the form of slippages in meeting confirmed orders. About 89% of the respondents said that they have been unable to fully meet the potential demand for their products in the market due to labor shortage.
- 43. FICCI Survey on Labor / Skill Shortage for Industry
- 44. FICCI Survey on Labor / Skill Shortage for Industry
- 45. FICCI Survey on Labor / Skill Shortage for Industry
- 46. THE STARK REALITY It is estimated that India’s economy will create 500M jobs in the next decade – 75% of which will be skills based. Today, workers with vocational education only comprise 2-4% of the trained workforce ; this large gap between existing supply and projected demand will pose a large challenge in the coming years, driven by two main factors: The training industry faces capacity constraints A mismatch exists between industry demands for skilled labour and current development programs http://forbesindia.com/blog/the-good-company/fueling-indias-future-growth-workforce- development-through-collective-impact/
- 47. Change is obtainable through shared vision for change, one that includes a common understanding of the problem and a joint approach to solving it through agreed upon actions. Developing a shared measurement system is essential to collective impact. Agreement on a common agenda is illusory without agreement on the ways success will be measured and reported. Collecting data and measuring results consistently. The change initiatives depend on a diverse group of stakeholders working together, not by requiring that all participants do the same thing, but by encouraging each participant to undertake the specific set of activities at which it excels in a way that supports the over all growth. Creating and managing change system requires a separate organization and staff with a very specific set of skills to serve as the backbone for the entire initiative. Coordination takes time, and none of the participating organizations has any to spare. The expectation that collaboration can occur without a supporting infrastructure is one of the most frequent reasons why it fails..
- 48. So on & so forth and the story continues….!!! Thank You