The writing can be seen clearly on the wall. India/s graduates are woefully equipped to take on executive, let alone management positions, in the fastest growing sectors in India. Government statistics show how even if one totals up all graduates (arts, science commerce, medicine, engineering etc) they account for just 3.6% of the country’s population. But even this figure is overstated because as McKinasey, Nasscom, TCS data shows, barely 15% of India’s graduates are employable. Thus, it is likely that those reading this column belong to the privileged 0.5% of India’s demography.
Last week, the Visa Global Financial Literacy Barometer underscored this problem by ranking India 23rd from 28 countries surveyed – ahead of only Morocco, South Africa, Vietnam, Indonesia and Pakistan.
This is serious, because if India has to maintain a high GDP growth rate, it has to create employable graduates to man various positions. Moreover, these positions go a long way towards making organizations that much more professional and competent. Without employable graduates being made available the entire economic underpinning of the country could get jeopardized.
Kamlesh Dangi, Group CPO (Chief People Officer), Religare Enterprises Ltd; Sanjeev Dasgupta, President-Real Estate, ICICI Venture Funds Management Company Ltd; Devesh Kumar, Managing Director - Head Equities, RBS Global Banking & Markets (on audio-link); Ashok Mohanani, Chairman and Managing Director, Ekta World; Mahesh Mudda, Executive Director & CEO, New Consolidated Construction Co. Ltd; Joy Sanyal, National Director, Jones Lang LaSalle Property Consultants India Pvt Ltd; and Pankaj Wadhawan, CEO, Blueshift Education and Training Pvt Ltd
The session, moderated by DNA’s R.N.Bhaskar brought out some of the issues that confront the industry inparticular and the country in general.
Given below are some of the edited excerpts:
DNA: How bad is the situation?
Mudda: Skilled manpower is a big issue. Not just today. We have been discussing this for years. And we are from this construction industry and almost 47 job-sites in most of the states of this country.
The actual problem this industry is facing at skilled people. We are talking about mechanization because we visited most of the developed countries. We’ve seen how because they’ve been trying to cope up with, you know, these labor issues. But in our country, it is – volume is massive unlike any other countries.
So all said and done, whatever mechanization we bring, we still have to be largely dependent on the labor force. And slowly, slowly which is becoming because it’s very difficult and particularly when we come to the skilled area, it’s not just simple labor which is being used for shifting material and dumping the material here and there.
The skill segment we talk about particularly and in our industry, real estate, carpenters, fitter, shuttering people, masons. So here is that, this is absolutely because need at emergency level -- because it is becoming now essential to see that how we can truly develop the skill. For that, we have association called Builders Association of India also.
I happen to be the National Level Treasurer of the Association. And we have been discussing this issue. We have initiated this issue at the state level as well as central level. I’m trying to understand NSDC’s schemes which will definitely help us to overcome these issues.
There are many schemes out there. Then Labor Welfare Board, another board, where, again, because the industry is contributing 1% towards the welfare of the labor fund where again I happen to be the appointee member of labor from the state government on that board where, again, we are initiating training programs and develop the skills.
The skill shortage is critical.
Source:www.dnaindia.com
No comments:
Post a Comment