BOOSTING SKILLSETS : INCREASING EMPLOYABILITY AMONGST YOUTH

TEAM DETAILS:

• PRASHANT AHUJA ( team co-ordinator)

• SAHIL NAIN

• RASHMI BHATIA

• RASLEEN SETHI

• ABHISHEK GUPTA

PANCHTANTRA STRATERGY By a team from Sri Guru Gobind Singh College of Commerce, University of Delhi

“A WINNER IS SOMEONE WHO RECOGNIZES GOD GIVEN TALENTS, WORKS HIS TAIL OFF TO DEVELOP THEM INTO SKILLS, AND USES THESE SKILLS TO

ACCOMPLISH HIS GOALS”

The shortage of appropriately skilled labour across many industries is emerging as a significant and complex challenge to India’s growth and future. According to NASSCOM, each year over 3 million graduates and post graduates are added to India’s workforce. However, of these only 25% of technical graduates and 10-15% of other graduates are considered employable by the rapidly growing IT and ITES sector. Hence, what we have today is a growing skill gap reflecting the slim availability of high quality college education in India and the galloping pace of the country’s service driven economy, which is growing faster than the most of the countries in the world.

“IT IS HELD THAT KNOWLEDGE, SKILLS AND RESOURCEFULLNESS OF PEOPLE ARE CRITICAL TO SUSTAIN DEVELOPMENT, ECONOMIC AND SOCIAL ACTIVITY IN A KNOWLEDGE SOCIETY”.

• No more than 7% of Indians aged 18-25 go to college according to stats resulting 40% of people being illiterate and hence unemployed.

• Lack of practicability of knowledge leads to less preferences for the suitable jobs by the organisations, which increases the unemployment.

• Lack of skills results in “JOB-LESS Growth” of the economy.

• The dilapidating education levels in our country is diluting the confidence of FII’s i.e. Foreign Institutional Investors.

• Less awareness about the vocational courses.

• Hindrance in overall development of the economy.

• A qualitative mismatch where companies do not find graduates employable even when they have the right qualifications on paper.

• A quantitative mismatch where not enough young people are educated and trained at certain levels or they out-migrate to countries where they can earn higher wages.

REPERCUSSIONS

• Influence of skills on social and economic outcomes: The survey allows for in-depth analysis of the relationship between skills and labour-market outcomes as well as between skills, trust, political engagement, volunteering, and health. Information from the survey, combined with advanced econometric modeling, can provide insights into how the supply of skills and the quality of those skills affect economic growth.

• Use of skills in the workplace: The data from the survey can be compared against other measures of skills, such as occupations and qualifications or diplomas, while differences and similarities in how skills are used in the workplace can be examined and compared among countries, industries and enterprises. The data also offer a unique opportunity to develop a direct measure of mismatch by comparing observed individual skills levels to skills requirements at work. In addition to shedding light on the under-use of skills, its causes and consequences, the data will also allow for an examination of the reasons behind skills deficits.

• Developing skills over a lifetime: The survey allows for a study of some of the factors that are important for acquiring and maintaining skills, and how the acquisition of skills changes over time. These aspects of skills development can be studied at both the cohort and country levels. The comparative data on adult learning can also be used to identify international patterns of who is and who is not participating in adult learning, whether and where the opportunity to participate is not available to all, and the factors that motivate people to participate. The data can also help identify adults with poor skills and can also be used to develop strategies to improve their literacy

THE PANCHTANTRA (5 PRINCIPLES)

STRATEGY

AMENDMENTS IN THE

VOCATIONAL COURSE SYSTEM (TARGETING THE UNEMPLOYED)

EDUCATIONAL REFORMS

STRUCTURAL REFORMS IN TAX

SYSTEM

IMPROVED TRAINING

PROGRAMMES

COUNSELING

• Vocational colleges should be open in urban areas where courses like mechanic, construction work, art. etc can be mastered. Courses like knitting, cooking should be there for women.

• Admission criteria should be simple & with less formalities for its wider reach. Fee should be subsidized or loan facilities could be provided. Curriculum should focus on practicality rather than theory. Diplomas or certificate should be given at the end.

• We will have better qualified workers with diplomas(a proof of their quality).

Organizing these workers

• The institutes mentioned above will provide a job opportunity for these workers. These institute will serve as the intermediate between customers and workers. Customers can file their problems here, and institute will send employees for help. Just like a company sends his employees for service. Wages should NOT be fixed, otherwise they will shirk work.

• This will give a sense of recognition to workers and job respect, which would further increase his productivity and also the respect for job as well as for individual in society.

“Education is the manifestation of perfection already present in a man.”

-Swami Vivekananda

• To tackle the problem of job readiness in the Indian IT sector is the partnership between the industry and academia. The government should focus on programmes like “CAMPUS CONNECT” to align the education being given at various colleges with the requirement of the industry.

• The government should bring in initiatives to involve multinational alliances with academic institutions covering faculty upgradations, internships, curriculum revision workshops, research incubations aggregating the architects of new global economy.

.

Allowing taxpayers to deduct the costs of education and training for personal income tax purposes.

Taxing education and training services at a 0% rate for value added tax (VAT) purposes.

Along with taxes , deducting a specific amount at a progressive rate from the income of higher income groups.

Out of the tax received from every person 0.5% should be allocated to skill development.

Like companies, weighted deduction should be given to all types of business organisations for allocating their funds for skill development.

• “ Tell me and I forget. Teach me and I remember. Involve me and I learn”

- Benjamin Franklin

TRAINING is at the heart of the system that we will build. They bring together individuals, motivated and working hard to develop themselves ;Employers, investing in their own success but supporting a programme with wider social, environmental and economic value; and Government, providing public funding and building the prestige and reputation of the programme.

• Government should try to ensure the coverage of apprenticeship framework in

“non-traditional” sectors like finance ,marketing as these sectors have a greater scope in upcoming times.

• Investment in training provides fair returns. The cost to be incurred by an individual for training should ultimately be shared between employers, individuals and the state to reflect the benefit each receives.

• Small and Medium Enterprises (SMEs) can receive public subsidies to cover part of the costs associated with organizing learning in the workplace. Specific activities that are eligible for the funding include study-group activities, creation of study spaces, high-quality learning programmes, development of learning networks, and on-the-job training programmes. In Korea, a private or public training provider can receive public subsidies if it forms a partnership or consortium with SMEs in which the providers’ facilities or equipment are used to develop skills. Subsidies can cover the costs of the facilities, equipment and salaries for training personnel. Government spending on this programme has steadily increased since 2003. In 2009, 78.3 billion won (about USD 69 million) was spent under this programme to train 231 000 employees at 111 000 SMEs

• Service Learning : It includes voluntary work by the students usually in non-profit organizations, designed to provide a service while also offering students a learning opportunity. This idea was originated in Belgium and proved to be highly beneficial.

“THE WORLD’S GREASTEST ACHIEVERS HAVE BEEN THOSE WHO HAVE ALWAYS STAYED FOCUSSED ON THEIR GOALS AND HAVE BEEN CONSISTENT WITH THEIR EFFORTS”

SWOT analysis i.e. knowing strengths ,weaknesses, opportunities and threats has become very essential in todays turbulent times. Stress should be laid on helping the youth in understanding the areas of their interest and eventually excel in the same . There is still unawareness amongst the educated youth regarding their strengths and weaknesses , their aspirations and goals.

STRENGTHS AND WEAKNESSES

To know the basic strengths of the students according to the areas of their interest. This cloud be done

by the government Counsellors by various tests through

questionnaires to find the areas of their interest and help them grow their careers in the same. Their weaknesses could then be converted into strength through effective counselling sessions.

OPPORTUNITIES AND THREATS

Counselling can give opportunities to youth to find their area of interest and work accordingly and providing them with the methods of overcoming their threats by inducing them to

go into the area or field where they can perform better and this would help them in overcoming

their threats.

• JOHARI Window (coined by Joseph and Harry Ingham in 1995) is a perfect way to find out all about skills , abilities and traits related to personality, attitude and behavior related to non technical skills. It is rather more about soft skills . Johari window is shown in the diagram given below :

SKILLS Known to self Not known to self

Known

to

others

Not

known

to

others

Arena

Blind Spot

Façade

Unknown

GOVERNMENT ROADS AND PRIVATE VEHICLES

GOVERNMENT AIRPORTS AND PRIVATE AIRLINES

Why not think upon PPP in RAILWAYS????? The government of India should take up an initiative of bringing PPP i.e. public private partnership in the railway sector as well. The railways should be broken up with must relationship between the successor company established by contracts and some through REGULATORY MECHANISM. This initiative would prove like a golden handshake for both , govt. as well as the private sector.

The PRIVITISATION thus brought in would increase the number of passengers drastically just as in UK , railways became the safest of all. Public sector transport services are comparatively inefficient and stake on private sectors hand would make the railways more efficient. As a result of this-

1. When private enterprises will bid for the share in INDIAN RAILWAYS this would result in generation of huge funds for Indian government. This fund will be directly utilized for the skill development of the needful.

2. Privatization of INDIAN RAILWAYS would create lots of employment opportunities just like DELHI METRO, which would help in balancing the supply of new skilled job seekers against current inefficient demand.

VOCATIONAL COURSE SYSTEM

GOVERNMENT COULD FACE PROBLEM IN

REACHING THE MASSES.

EDUCATIONAL REFORMS

THESE REFORMS

COULD ONLY BE BROUGHT

WHEN THERE IS NO POLICY

PARALYSES AND TH STEEP FALL

IN THE CURRENT

ACCOUNT IS ARRESTED.

TAX REFORMS

RELUCTANCE BY THE RICH TO

PAY TAX &

LEAKAGES AT VARIOUS

LEVELS, CANT GAURANTEEVIA

BILITY OF SOLUTION. .

.

TRAINING PROGRAMMES

HIGHER INVESTMENT

COSTS IN ADDITION TO THE LOWER

AVAILABLITY OF REQUISITE

INFRA.

COUNSELING

STUDENTS MAY NOT BE ABLE TO ALWAYS

EXPRESS THEMSELVES

PROPERLY

“IT IS NOT ENOUGH TO BE BEST IN YOUR FIELD,INTELLECTUALLY. COMPETENCY IS ONLY HALF OF WHAT YOU NEED TO CLIMB THE LADDER OF SUCCESS. THE OTHER HALF IS THE SOFTER SIDE OF YOU- IT’S THAT PART OF YOU THAT WILL BE LIKED, ADMIRED, TRUSTED AND REMEMBERED”

• Skilled employees are valuable, they have practical experiences and can “hit the road running”.

• Employees become conscientious, good at time-keeping and share their collective wisdom with the younger staff.

• Skilled people from backgrounds including finance, administration ,IT, sales, marketing, health businesses of their employers.

• Skilled employees would yield more productivity with quality work, this would further lead to economic growth along with the economic development on a lavish scale.

CONCLUSION