Skill development is one of the most significant sectors of job creation in our country. The amazing demographic advantage of India offers over 60 percent of the population in the young age group. But it is extremely crucial to improve the employability to reap huge dividend from such a huge work force. According to the current reports, about 10 percent of the newly graduates can be employed while the major 90 percent lacks the requisite skills to be hired by the big players in the corporate sectors. Though the GDP rate is surging at a rate of 6 to 8 percent, the rate of job creation is not at par with this.
Managing skill development:
The Government of India is taking initiatives for skill development through partnership with the private and public partnership. There are a number of opportunities for numerous private education institutions to take advantage of such schemes. The present infrastructures of most of the industrial training institutes in the country along with other aided institutes are not adequate for training the people for laying their hands on the future job opportunities.
The process of skill development begins with the identification of the future job segmentation and prospects as per the needs and plausibility of the candidates. The identification of the stakeholders of the skill development such as the NGOs, state and central governments, private training institutes and others in helping to make the process smooth. The institutions under the private sectors for automating, improving and training certification on the basis of skill based training.
Challenges faced by the Skill Development at Present
Though the sector of skill development have traversed a long way, yet they are facing a host of challenges in the recent times. Some of them are:
- Mobilizing the youth: It is very important to be equipped with the right batch of candidates in the various training institutes who have the right attitude for building their career.
- Enabling industry linkages: It is important to foster the different connects with the industry for placements is a highly problematic issue since India has a high number of candidates who are ready for jobs than the actual opportunities of jobs.
- Tracking the candidates after their placement: For those recruiters who are into hiring blue collar workforce, retention is one of the main concerns. There are a number of critical reasons which lead to poor retention and the government should take the right steps for addressing the problems.
Skill development was never thought to solve the issue of unemployment until they are supported with an objectified approach so that it leads to generation of income. Moreover, the size and scale with which the different missions of skill development was launched, calls for capacity and infrastructure building of the trainees. It would be right to say that the sector of skill development has reached a high note. As various gaps surfaced, the Pradhan Mantri Kaushal Vikas Yojana or the PMKVY program on the development of skills is helping to remove them to a substantial extent.