Does your skillset guarantee you a place in India’s future? Presenting highlights of the India Skills Report 2016, a joint initiative of Wheebox, PeopleStrong in association with CII, Linkedin and AIU
India Skills Report 2016 studied the correlation between age and employability. It found that out of total number of candidates in the age group of 18-21 years, 37% scored more than 60%; and hence were part of the employable pool. For age group 22-25 years, 31.59% were employable and for age group 26-29 years it was 21.88%.
The map above combines the results of the top states with the most employable skill pool (i.e. talent supply) with the state-wise hiring preferences of employers across industry sectors (i.e. talent demand).
While the Top 10 States with the highest employability include Maharashtra, Karnataka, Delhi, Tamil Nadu, Punjab, Gujarat, Andhra Pradesh, West Bengal, Uttar Pradesh and Haryana, the Top 10 preferred states for hiring include Maharashtra, Karnataka, Delhi, Tamil Nadu, Punjab, Gujarat, Andhra Pradesh, West Bengal, Uttar Pradesh and Haryana.
Internal referrals appear to be the most preferred sourcing channels followed by job portals. The use of social media as a sourcing channel is increasing year by year, with about 14.5% citing it as the preferred sourcing channel. There is also a small percentage adopting mobile and video recruiting. The digital channel forms more than 1/4th of the total preferred sourcing modes.
The study forecasts an overall increase of 14.5% in the hiring intent from the current year to the next year.
There will be maximum hiring in: retail, e commerce, BFSI pharma, telecom, manufacturing with an increase of over 20% in the hiring numbers.
BPO/KPO/ITES core sector hiring is anticipated to increase by more than 10%
FMCG, hospitality as well as software and IT hiring numbers are expected to remain static.
Interesting trends are observed in sector-wise domain preferences. BFSI forecasts a preference for management and bachelors degrees while expecting a drop in hiring of ITI and diploma candidates. The core sectors will see decrease of hiring graduates; instead the hiring of engineers will go up significantly. The consumer durable sector will double the vocational graduate hiring in comparison to last year. Another sector that will see a significant increase in hiring vocational candidates is hospitality; however, the sector plans to reduce the intake of diploma graduates in the overall hiring mix.
Take a close look at the pie chart above and you’ll realise that soft-skills are as important, if not more important than domain expertise.
Going by the figures above, values and integrity (27%), adaptability (4%), communication (6%), cultural fitment (8%), interpersonal skills and learning agility (18%) add up to more than the domain expertise that accounts for 28%.
This article was published on DnaIndia
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