Skill Challenges in India
The need for skilled and high skill workforce in India and the globe is increasing with each passing day. NSDC estimates that there is a need for 8.5 mn people/ year to be receiving skill training. Of which today approx1.4 mn only are getting trained each year.
Globalization, new knowledge and competition have all made the requirements for new skills very acute as competition for jobs is becoming intense. The need for high skill workforce is only increasing day by day. Employment facts and survey says that 1 out of 10 Indians is contributing to the skill workforce, while the vast majority is still outside the skill set. In comparison, 75 per cent of the workforce in Germany and 80 per cent in Japan have received formal skills training and have landed with higher paying jobs and careers. Very few Indians get formal education and training in medicine and engineering. Majority opt to pursue undergraduate degree in arts and commerce. Thus there is a huge opportunity to learn and grow. Even on socio-economic and demographic fronts skill development is becoming critical.
Also more problems exists in rural India, where women have lower literacy rates. Further rural India lags on all aspects related to training as they have fewer educational opportunities. Most migrate to big cities to find work and end up with a low paying, unsecured jobs, that results in poverty and escalation of crime.
Employers across are complaining that it is difficult to find skilled labor. And so they pay less. Presently in India 9and many emerging countries) job creation does not keep pace with demographic momentum. And the question remains are companies paying wages according to the skills? It is but accepted that pay and wages will go up as work force develops on skills and productivity measures. Today many companies are willing to offer training opportunities. However in the scheme of things thay find it costly and not within their budgets. There is a strong expectation that colleges and institutions will fill this skill and training void and such candidates when they come to work are already skill proofed and readied. Unfortunately that is not the reality and the reality is companies are creating low wage workforces, more so in traditional sectors.
Prime Minister Narendra Modi started National skill development program, aimed to train 40 Crore people in seven years.This though is a step in the right direction may not suffice. Access to one and all is needed to seek, learn and grow. MyFirstBigJob.com aims to provide such access by connecting, jobs, candidates, employers, colleges, certification – training institutes and find a way to bridge the skill gap ahead.