The All India Council for Technical Education (AICTE) signed a Memorandum of Understanding (MoU) with Monster India on Monday, one of India’s leading online platforms for job seekers and recruiters, to aid in providing job opportunities to graduating students across India. As a part of this alliance, a platform christened Monster College will act as the interface amongst students, colleges, and recruiters by empowering institutions approved by AICTE, to map their student talent pool and provide them with relevant job opportunities.
Speaking on this announcement, Anil D. Sahasrabudhe, the Chairman of AICTE, said, “Monster India is one of the most credible names in the recruitment solutions industry. Such MoUs will definitely help college students and fresher candidates seeking career opportunities. The young population is going to set the stage for a bright India tomorrow. It has been the endeavour of AICTE and colleges to provide the right platform and to ensure maximum students get employed, making India an employable nation.”
AICTE is the statutory body and a national-level council for technical education, under the Department of Higher Education, Ministry of Human Resource Development. It is responsible for the planning and development of the technical and management education systems in India. It is assisted by ten (10) Statutory Boards of Studies.
The Indian College Space Plagued by Unemployment and Unemployability
Over the last four (4) years, the Indian College Space has been coming to terms with the fact that the despite the large number of graduates it churns out every year, a large percentage of them end up remaining unemployed. This has been attributed to various reasons like the lack of subject knowledge, poor communication ability, lack of practical abilities and extremely poor comprehension caliber. The concept that graduation is the stepping stone to the employment market does not hold in any industry.
Both the educational system and the students are to equally blame for this sad state of affairs. The educational system has attracted criticism for its theoretical approach with almost no emphasis on practical applicability and creativity. The ridiculously low proportion of the country’s GDP being spent on education when compared with other countries is also responsible for the current mess. This has earned Indians a global reputation of being consumers of knowledge and not creators of knowledge, due to the lack of focus and investment in research and related activities. Poor knowledge of the English language and reduced cognitive skills were identified as the major obstacles to student’s suitability in the job market. This underscores the urgent necessity of revamping school and college level education for improving the basic skills of students as well as renewing the focus on imparting vocational training.
An Unprecedented Opportunity for College Goers
Monster India is among India’s leading online career and recruitment platforms. Today, with operations in more than 40 countries, Monster provides sophisticated job seeking, career management, recruitment and talent management capabilities globally.
According to the terms of the MoU, Monster India will manage and monitor campus recruitment activities in over 10,360 colleges approved by the AICTE, which accounts for a collective intake capacity of over 36 lakhs students. This includes students from various streams including engineering and technology, applied arts and craft, hotel management and catering, management, pharmacy and architecture and town planning.
Mr. Sanjay Modi, Managing Director, Monster.com (Asia Pacific & Middle East) said, “At Monster India, our endeavour is to enhance employability by connecting the right people to the right jobs. Our association with AICTE enables greater access to students and colleges. We can open the doors to a large pool of employers present in our database and provide relevant job opportunities. We are aware of the huge skill demand and supply equation that currently exists in our country. However, we have 12 million people entering the workforce every year. The focus should be towards enhancing high level thinking skills, creativity, machine learning, and communication.”
Bridging the Gap between Seekers and Skill
Despite millions of people in India seeking jobs after graduation, employers still claim that they can’t fill their vacant positions. According to the World Economic Forum’s Human Capital Report 2016, approximately 25,000 new workers will enter the labour market in developing countries every day till 2020, while more than 200 million people globally are unemployed. Yet at the same time, there is expected to be a world shortage of some 50 million highly skilled applicants over the coming decade. This is due to a skills gap that threatens the sustainability of businesses around the world.
Keeping to its larger vision of education, employment, and employability; Monster India, apart from creating and managing the platform will also provide facility for practice tests to check employability, identify skill gaps through assessment and suggest proactive measures to overcome it.
Talking about skilling, Mr. Modi further added, “The changing global scenario and demographic transition have made it imperative to equip the workforce with necessary skills. The alignment of skills is directly linked to the dynamics of industry demand and supply. Skills need a life-cycle approach that ensures that the kind of skills imparted to students and fresher candidates is marketable and allied to available jobs. Employability will certainly drive the future of India, but we need to be well equipped to lay a progressive foundation for jobs ahead.”
Aravind R Menon Special Correspondent, New Delhi