Employability is the major issue in today’s world. There are (management & engineering) colleges which are below average quality. Students coming from those colleges have to struggle to get the jobs. If the student is struggler and has the fighting spirit, he may get the job. He then can build his career on this. However in those colleges, there are few students who really want to learn. They are talented, good and really are in search of good opportunities. Talented means, a recurring pattern of thought, feeling or behavior that can be productively applied. When they get the opportunity, they value the job. Unfortunately Industries tend to pick candidates from reputed institutes which is not wrong, but there is no point hiring the candidate from reputed institute with big cost for shop floor routine job and keeping the guy for only doing the routine job. I personally feel that these students should be really challenged and should be rotated through different functions and finally put them result oriented high level tasks. You really come to know the capabilities of the candidate.
Students from Tier 1 schools, in particular, are definitely more prepared, but when you talk about value for the money, and you talk about value per unit of money spent on a particular candidate or the efficiency level per unit of the money spent on a candidate, there is no major difference if you compare it other schools. When a new MBA comes in from one of the top institutes, “he has bought some level of premium tag”, but that does not mean this candidate will have the most or best practical knowledge.
Jobs like supervisor, regular maintenance, logistics, , QA, regular production etc. where, there are routine jobs as per the standard operating procedures do not demand high level intelligence. however, they do require greater frustration tolerance, personal discipline, organization, management, and interpersonal skills than were required two decades and more ago. These are precisely the skills that many of the young people, who are in business schools today, as opposed to two decades ago, lack.
India’s school and university-based education system doesn’t equip you with skills that employers look for. While Indian graduates know something about the theoretical aspects, they lack domain skills, communication and professional (employability) skills. (see the exhibit) Curriculum and pedagogy at teaching institutions are increasingly being set by people who do not understand what companies want. Most of the times, teachers’ quality is the major issues. Those teachers are the people, who fail to get good industrial and professional jobs. As the last option the teaching profession is accepted. There is not such passion of teaching.
Even the attitude of students is different. They spend big money for getting the degree certificate, sometimes they even don’t know why they are doing the particular degree. Their expectations is if they are spending such amount they would get the highly paid job with air-conditioned office. Third class management institutes made this totally business case to earn the money without any value addition.
Institutes should focus on following areas while preparing their students for industries. Otherwise all those institutes will perish one day.
Skills : Skill is the how part of the task and job. It is also capabilities that can be transferred from one person to another. This can be actually done by aligning with industries. Institutes need to take efforts to reach out to industries, understand the expectations and prepare the curriculum accordingly.
Knowledge: It is ‘what you are aware of .. Factual ( things you know) Can & should be taught. Experiential (understandings you have picked up along the way). Less Tangible and therefor much harder to teach
Talent: Recurring patterns of thought feeling behavior, that carve individual minds. If someone does not have the talent as part of his filter , then very difficult for others to inject it.
Now just look how many candidates have above capabilities. I think there is a long way to reach the goal.