Dear Friends,
Economic Survey Insights: Employment and Unemployment Challenges
The latest economic survey of the country indicates that while employment growth was lower from 2009 to 2011, the unemployment rate in India continued to hover around 2%. The new government faces the significant challenge of creating not only job opportunities but also quality jobs, along with the necessary skill-building. Both issues must be addressed together because skill development alone is not the end goal.
Job Creation and Skill Building: Where Will Jobs Come From?
The question is: from where will jobs come, and how can skill-building be streamlined to meet industry objectives? Creating new jobs is crucial and plays an important role in the economy. The treasure of jobs lies in small and medium industries. The informal and unorganized sectors are also capable of creating job opportunities. Big manufacturing industries tend to prefer automation over absorbing manpower, substituting capital for labor. In this context, policies cannot afford to ignore small and medium industries.
Skill Building and Employability: Addressing the Disconnect
When it comes to skill building and employability, NSSO reports indicate that the problem of unemployment lies with educated youth, not the illiterate, as this segment is ready to opt for low-paying jobs. Youth need to make informed choices about further education, which could lead to employment and meet labor market expectations. The disconnect is growing between employers' needs and the skills available in the market.
Industry's Role in Skill Development
Industries should not adopt a wait-and-watch approach. They must seize opportunities and be ready to absorb or develop the vocationally trained workforce as needed. Skill building must be perceived by the industry as an integral part of HR initiatives. Setting up sector skill councils is a step in the right direction, but progress needs to be faster. Not much contribution has come from these SSCs so far. All stakeholders need to seriously think and invest in youth skills, which means a complete overhaul of the education system, closely integrating it with an effective apprenticeship regime. Learning-by-doing and learning-while-earning are the most powerful vehicles of skill development.
Assessing Training Effectiveness
Every training module and provider needs to be assessed based on the employment outcomes of trained individuals and the salaries they earn. The reality check of all skill-building efforts, whether through NSDC or SSCs, will be to see how many individuals are placed in jobs.
We intend to make an effort to understand and comprehend the complexities of job creation, skill building, and employability through the experts in this cover story. We also aim to identify the challenges and ways forward to convert the challenge of a large population into a growth opportunity.
Regards,
Anil Kaushik
Chief Editor, Business Manager-HR magazine
B-138, Ambedkar Nagar, Alwar-301001 (Raj.)
From India, Delhi
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181Economic Survey Insights: Employment and Unemployment Challenges
The latest economic survey of the country indicates that while employment growth was lower from 2009 to 2011, the unemployment rate in India continued to hover around 2%. The new government faces the significant challenge of creating not only job opportunities but also quality jobs, along with the necessary skill-building. Both issues must be addressed together because skill development alone is not the end goal.
Job Creation and Skill Building: Where Will Jobs Come From?
The question is: from where will jobs come, and how can skill-building be streamlined to meet industry objectives? Creating new jobs is crucial and plays an important role in the economy. The treasure of jobs lies in small and medium industries. The informal and unorganized sectors are also capable of creating job opportunities. Big manufacturing industries tend to prefer automation over absorbing manpower, substituting capital for labor. In this context, policies cannot afford to ignore small and medium industries.
Skill Building and Employability: Addressing the Disconnect
When it comes to skill building and employability, NSSO reports indicate that the problem of unemployment lies with educated youth, not the illiterate, as this segment is ready to opt for low-paying jobs. Youth need to make informed choices about further education, which could lead to employment and meet labor market expectations. The disconnect is growing between employers' needs and the skills available in the market.
Industry's Role in Skill Development
Industries should not adopt a wait-and-watch approach. They must seize opportunities and be ready to absorb or develop the vocationally trained workforce as needed. Skill building must be perceived by the industry as an integral part of HR initiatives. Setting up sector skill councils is a step in the right direction, but progress needs to be faster. Not much contribution has come from these SSCs so far. All stakeholders need to seriously think and invest in youth skills, which means a complete overhaul of the education system, closely integrating it with an effective apprenticeship regime. Learning-by-doing and learning-while-earning are the most powerful vehicles of skill development.
Assessing Training Effectiveness
Every training module and provider needs to be assessed based on the employment outcomes of trained individuals and the salaries they earn. The reality check of all skill-building efforts, whether through NSDC or SSCs, will be to see how many individuals are placed in jobs.
We intend to make an effort to understand and comprehend the complexities of job creation, skill building, and employability through the experts in this cover story. We also aim to identify the challenges and ways forward to convert the challenge of a large population into a growth opportunity.
Regards,
Anil Kaushik
Chief Editor, Business Manager-HR magazine
B-138, Ambedkar Nagar, Alwar-301001 (Raj.)
From India, Delhi
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