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GrowthPraxis did some research about the Fresh talent pool availability in India. Post Analysis, we have come up with our new report “Fresh Talent Supply Mapping of India”. The objective of this report is to assist firms prioritize recruitment from colleges based on their needs and reach out to the best talent across the country. The report could also be used to strategize hiring and thereby reducing cost of extensive travelling across the Indian sub-continent.
India as a growing economy is the major driver of employment creation. It is only apt that the most prominent industries leading the growth also create the most jobs (in percentage terms). The growth and contribution is being seen from Food and Beverage, Healthcare, Construction, IT/ITES, Telecom, Auto and banking services. There is expected to be an addition of more than 1 million jobs in India each year, distributed across these growth sectors.
The growth of these industries is also reflected in the staggered growth in the availability of graduates. This can be clearly seen in the number of graduating students in engineering & pharmaceutical areas (more than 7 lakh a year). Engineering has always been a money-spinning career option in India. Burgeoning demand for engineering education led to privatization in India. As a result, engineering education has seen tremendous growth wherein the number of engineering colleges in India has shot up more than 10 folds over the last two decades. With privatization of education, many private players have started offering engineering courses. With limited seats and rising competition, these private players are making hay.
However, there are regional imbalances in the availability of engineering graduates. The four southern states combined (Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra) have more than 70% of these graduates. To add to this concern is the question raised on the quality of engineering schools in India and the quality of graduates coming out of these colleges which are considered to be abysmally low. According to a research conducted by GrowthPraxis, only about 4.5% of India's engineers are fit to work in a software product firm, and just 45% are employable by an IT/ITeS services company, even with up to six months' training.
These figures are even caliginous when compared to the survey of human resource professionals at multinational corporations in India revealed that one quarter of engineering graduates with a suitable degree could be employed irrespective of demand. These claims along with huge employee turnover has led companies like Infosys to setup world class sprawling training facilities as part of their HR strategy. However, not all companies have the capital or the need to deploy such extensive “employability” centers. As a result, fresh recruitment in India has become an exigent and involved process - which requires deep insight to target people correctly from the right institute.
Key benefits of the report:
- The report gives access to comparable historical data and forecasts for major skills at city and country level.
- The study offers unique insights into historical and future market trends.
- The report aids in formulation of effective business expansion plans and with a clear picture of talent pool availability.
Tier 1 : Top 25-30 Institutes from All India Ranking shown above (Includes colleges of National Importance) and GrowthPraxis knowledge repository based on interviews with MNC employers
Tier 2: Top 100 Institutes from all India Ranking shown above (key deemed Universities)
Tier 2A: Top 5-10 Institutes from each state Ranking (GrowthPraxis knowledge repository based on interviews with MNC employers and placement record of the institutes have been considered)
Tier 3A: Top 10-15 Institutes from each state Ranking (GrowthPraxis knowledge repository based on interviews with MNC employers and placement record of the institutes have been considered)
Tier 3B : Top 20-25 Institutes from each state Ranking (GrowthPraxis knowledge repository based on interviews with MNC employers and placement record of the institutes have been considered)
Others: Rest of the Institutes which do not fall into any other categories
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