Job Market Monitor
employability
Harvard – MIT produce most ’employable’ graduates
Harvard topped the chart of universities around the world that were ranked based on the “employability” of their graduates. MIT ranked seventh worldwide, while Boston University ranked 17th. The chart, entitled “What the job market wants,” was published today by the New York Times, which said an online survey was compiled by Emerging, a human … Continue reading
Nigeria – Boosting Graduates’ Employability Skills
Following the persistent outcry about the poor quality of Nigerian graduates, who are said to be unemployable, Poise Graduate Finishing School, a subsidiary of Poise Nigeria, has introduced an employability skills certification programme known as PSENSE. The PSENSE test, which was designed in collaboration with Biddle Consulting, US, is aimed at solving the recruitment challenges … Continue reading
UK – Vocational Education – Skills Gap: Economic Recovery Depends on Balance Between Academic and Vocational Ed
“Big companies believe the UK’s economic recovery may depend on improving the balance between academic and vocational education” writes James Taylor in We need more investment in practical skills, say employers on managementtoday.co.uk. “87% of the large firms questioned by education services provider Pearson said the UK economic recovery was at risk without more investment … Continue reading
India – Employability of MBA graduates at dismal low
Employability of MBA graduates across specialisations is at a dismal low, says the National Employability Report MBA Graduates, Annual Report 2012 by Aspiring Minds. While employability is below 10% for functional role in the field of HR, marketing or finance, in business consulting roles, it is as low as 2.5%. The study also revealed that … Continue reading
Employability – What Employers are Looking For
Employability has become a familiar and commonplace term, used by employers and the media in the post economic-crisis job market. But what does “employability” actually mean and what is its relevance for school leavers? Employability refers to a person’s ability to secure a job, to remain employed, and to progress and perform well in their … Continue reading
India – MBA – Only one fifth employable
According to a nationwide study of marks secured by 2,264 management graduates, while MBA seats have increased by 30 per cent since 2007, recruiting companies found only that only 21 per cent business school graduates were employable. A similar previous study in 2007 placed employability index at 25 per cent. The study was carried out … Continue reading
India – B-schools must focus on building relevant industry skills as part of curriculum
Q: The Indian MBA education is going through a crisis where many B-schools are facing challenges on admission and placement. What are your observations on the state of MBA environment in the country? A by T K Srirang: The Indian economy is poised for a long period of high growth and offers diverse opportunities. This … Continue reading
India – More hands on offer but not skills
In 2006, a World Bank report on skill development and vocational training in India spelt it out for all – “The relative supply of workers with technical/vocational skills has declined. This may be due to the fact that workers with technical/vocational qualifications do not have the skills that meet the labour market needs – often … Continue reading
India – Only 25% graduates have employability skills
Voicing concern over lack of employability skills among graduates, Minister of State for HRD and External Affairs E Ahamed said that only 25 per cent of them are employable. “Of late, employability of graduates coming out of our educational system is becoming a matter of great concern. I am told only 25 per cent of … Continue reading
India – Employability – A disconnect between what the industry needs and what the students learn
Puneet Mishra, director of Ambition Institute of Technology in Varanasi, is a worried man. He is concerned that a majority of engineering graduates in India are not employable. There is a disconnect between what the industry needs and what the students learn, he said, as the curricula are not upgraded frequently enough to match the … Continue reading
US Unemployment System – A Bad Employment Policy
…Between 2008 and 2011, $174 billion in unemployment taxes was collected while $450 billion was paid out in benefits, a gap of $276 billion. Thirty-four states blew through their unemployment insurance trust funds and borrowed from Washington — and 22 of those still owe the feds a total of more than $30 billion, according to … Continue reading
UK – Youth Unemployment – British youth poorly prepared for world of work
Under-24s need more help into the jobs market and a better apprenticeship structure, a new report claims Charting a path from school or university into the 21st century workplace was already tough for young people even before the Great Recession tore into businesses throughout the country and left more than a million under-24-year-olds unemployed. But … Continue reading
UK – Welfare to work – Social Enterprise Co-ordinating scheme goes bankrupt
The government’s controversial welfare to work initiative has suffered another blow after it emerged that a social enterprise firm hired to get the long-term jobless into employment has gone into liquidation, claiming banks refused to lend it money to stay afloat because they considered the work programme to be too financially risky. Eco Actif, a … Continue reading
Youth Unemployment – Skills Gap – Germany will indeed help Spain
Germany says it will help Spain to launch German-style apprenticeships for its young people, half of whom are unemployed because of the debt crisis. Spain’s Education Minister, Jose Ignacio Wert, signed an agreement with his German counterpart in Stuttgart on Thursday, to give more Spaniards on-the-job training with German firms. Spain’s youth unemployment has soared … Continue reading
Survey | Graduates in vocational subjects most likely to find advantage in looking for employment
In a recent survey, Gaby Atfield and Kate Purcell found in Futuretrack Stage 3 Working Paper 4: The fit between graduate labour market supply and demand that graduates who were studying vocational subjects were most likely to believe that the subject they had studied would be an advantage in looking for employment. Sixty per cent of respondents studying subjects allied to … Continue reading
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