Skill gap is the gap between what organizations need and what employee skills are accessible in the recruitment marketplace. Even with best of the efforts, organisations have not found a comprehensible solution to bridge this increasing skill gap.
As per a survey, 70 percent of India’s venture capitalists said that start-ups are unable to figure out employees with the precise skill-sets they require. In the similar survey, 40 percent of Indian industry professionals with contradiction indicated that new employees hired in local labour markets possess required skill-sets.
Study by IBM Institute for Business Value (IBV) for rearrangement in higher education
As per a study by IBM Institute for Business Value (IBV) in assistance with Economist Intelligence Unit, proposed a need of rearrangement in higher education.
As per IBM’s global higher education study, 73 percent of India’s education influential’s said that innovative technologies are distracting higher education. However, 59 percent find it complicated to maintain applicable curriculum. On the same side 56 percent of the respondents feel powerless to offer affordable access to education in India.
On the same grounds, an outdated curriculum is challenging India’s higher education levels to furnish graduates with job ready skill sets. Both advanced technologies and techniques are needed to improve this scenario and prepare these graduates to swiftly fit in the real world work environment. This can be done by introducing experience based and practical learning experiences in higher education set of courses.
By adding more realistic, functional, practice based learning and creating deeper relationships with the real world business and technology ecosystem are some of the important recommendations for bridging the skill gap in India were depicted from the study.
The study points out the need of combination and an indirect venture between higher education bodies and industry associations for involvement in learning strategies. It also suggests acceptance of technologies that can advance better educational access, practices and realistic results.
Lack of communication interface between the educational domain and industry came out to be an evident reason for the present scenario with 54 percent of the respondents saying this as a tricky challenge for Indian higher education system. With that, 52 percent even held responsible the inadequate teaching resources for the scenario.
What is hurting India’s higher education system?
Awareness to innovative technologies and ever changing industry skill requirements is hurting India’s higher education systems as they are not being updated in current curricula and even are not involved in class room teaching.
Conventional value chains are becoming all the time more disjointed, and new types of business ecosystems are swiftly forming and growing. The Indian economy has shown massive growth prospective with entrepreneurship development in India maturing speedily after 2010. However, the threatening skill gap is a foremost roadblock for this growth in India.
The Indian executives said with improvements in access to quality skill sets will automatically boost up the efficiency and competence throughout the economy. The needed skills, however, are altering as hurriedly as economy and industries itself. Innovative digital technologies are unsettling the business landscapes which are principally impacting how industries are well thought-out and occurrence of economic activities.
Transformation needed in Indian higher education structure
By 2030, India’s working population is likely to increase from 750 million to nearly one billion. Without sufficient education and practical training, this population growth pose a high risk of the materialization of a growing class of unemployed who will not be able to attain the Indian middleclass dream. In an attempt to support India’s educational conduct with industry expectations, it is recommended to have a big transformation in higher education structure.
- Build practical, useful and job oriented education
Work on improving higher education curriculum by finding opportunities to introduce skill based and realistic knowledge experience sharing by implementing new learning techniques. Higher education institutions should build partnerships with business industry bodies and skill assessment organizations to contribute for reforming learning strategies.
- Grip technologies that can advance educational understanding and effects
Education institutes should measure existing educational capabilities and needs. They must conduct experiments with utilizing innovative technologies and extend potentials through network partners.
- Put together deeper relationships with real world industry partners
Search and evaluate correct partners from industry, academia, government organizations and public sectors. Reach out key partners around a viable vision for the education system. Finally, design a growth strategy by involving these partners for sustainability.
- Use Technology like Assessment and Training Tools for Skill Building
Technologies like Eklavvya.in can help you to build training oriented assessments. You can also use it for knowledge management purpose. You can use technology for knowledge building process.
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