Change is the only constant, and only we transient creatures can adapt to those changes. With digitalization and this pandemic, everything is changing dramatically. The job market is coming up with new trends, and students need to have a firm hold over the emerging trends.
According to India’s demographics, most of its population would be made up of youngsters. As a result, the country will become a significant provider of human resources to the global economy. According to statistics gathered by the Ministry of Statistics and Programme Implementation (Social Statistics Division) of the Government of India, India now enjoys a relative advantage over other nations in terms of young population distribution. According to India’s census, the country boasts the world’s biggest youth population, with 600 million young people as of 2018.
India’s youths will become its most valuable resource. However, the problem of a skill gap in India makes the potential less appealing.
The skill gap arises when the demand and supply sides of the job market are out of sync. It refers to the continuous gap between a company’s skill requirements and its workforce’s skillset. Because the workforce lacks the skills to propel firms ahead, it is difficult for the companies to develop or sustain competitiveness.
Due to skill gaps across industries, numerous new-age occupations could not find a suitable fit in 2019. According to the International Labour Organization (ILO), India will have a skills gap of 29 million by 2030.
In 2019, 53% of Indian firms were unable to hire due to a skills gap. According to the ILO, 63 % of development operations manager job opportunities remain unfilled due to skill sets. Furthermore, job profiles for database specialists (62%), senior information technology managers (61), system programmers (59), and web administrators (58) are still available, and these industries will continue to hire.
According to The Indian Express report,
“Less than half of the Indian graduates are employable, reveals the eighth edition of the India Skills Report (ISR) released today. In 2021, as many as 45.9 per cent of
graduates are employable, a decline from 46.21 per cent in 2020 and 47.38 per cent in 2019, reveals the report. “
Why there is a skill gap?
The skill gap in India is linked to various causes. Still, many point to the educational system’s failure as a primary source of the problem. They claim that Indian schools do not deliver students the skills to succeed in today’s job market. While the essential concepts and principles are covered in the college curriculum, there is a disconnect between teaching and learning techniques.
The curriculum of many Indian universities is outdated. The majority of universities do not provide skill-based training that can help students succeed in their jobs. The issue is that colleges are failing to keep up with shifting trends in the rapidly changing job market.
Many faculties in our country disregard creative and applied learning techniques. However, with time, our universities were meant to focus on building new sets of skills among students, such as communication ability, language skills, and problem-solving aptitude. As a result, fresh graduates are less likely to be hired for mid-level management positions.
The problem of skill enhancement is more relevant in a technical field like engineering. According to the 2019 National Employability Report for Engineers, over 80% of Indian engineers lack the skills required to satisfy their employers’ needs.
Companies are also indifferent about offering job training to students since school systems are not imparting the appropriate skills required to close the skill gap in India. In India, formal in-firm job training is rare, partly because small businesses dominate the informal sector. Despite this, only a tiny fraction of industrial companies in India give on-the-job training, contributing to the widening gap between skilled and unskilled workers in the country.
What can students do?
Being digitally literate and having soft skills seem to be the solution that can bridge the gap in the job market.
Technology is everywhere. Students need to have a basic understanding of technology irrespective of the field they want a career. Being digitally literate provides previously unimaginable possibilities when it comes to new technologies like artificial intelligence (AI), machine learning, the Internet of Things (IoT), and data science.
There are many courses online that can teach you about these new technologies that are in demand in the job market.
Being digitally literate is not enough to be competent to withstand the changes in the job market. There are some skills that even AI cannot do. Soft skills are highly demanded skill in the job market. Skills such as Interpersonal skills, communication skills, listening skills, time management, critical thinking and empathy are soft skills.
According to The Indian Express report,
“In India, most hiring will be in service-oriented jobs. The growing convergence between technology and business processes continued to redefine job roles. The high-end jobs will be knowledge-oriented wherein continuous skill and reskill will be needed, said Anindya Mallick, Partner, Deloitte India.”
Emotional and social intelligence remain distinctively human skills. These traits are critical in various industries. Healthcare professions, for example, are in high demand, indicating that some professions will always require a human aspect. Working closely with people will almost certainly be a part of your future profession. Therefore empathy, collaboration, and strong communication skills will be essential.
Thinking creatively and having an innovative mindset will keep you ahead. Organic creativity, like a high level of social intelligence, can’t be readily duplicated by today’s digital technology.
These are the skills that students can work on to take up new job roles in the market. There are many skills which students can learn without relying on traditional brick and mortar schools. Technology is a blessing, and students can benefit from this. Many eLearning platforms train them and upskill them according to the trends of the job market.