Job Market Monitor
India
India – Infosys pays less than in US for the same job
The trial in the alleged visa fraud case against software services major Infosys in the US has been postponed by almost a month to September 17. The trial related to visa fraud allegations levelled by Infosys’ former employee Jack Palmer was scheduled to start on August 20 in the US court. According to sources, it … Continue reading
India – Only one out of 10 students graduating from Tier 2, 3 and 4 engineering colleges is readily employable
Even as students continue to make a beeline for engineering courses with an eye on the job prospects, a study finds that most engineering graduates are not readily employable. A PurpleLeap (an entry-level talent management company) Industry Readiness Index survey reveals that only one out of 10 students graduating from Tier 2, 3 and 4 … 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
Maruti Suzuki – Manesar factory – No idea when riot-hit factory will reopen
Maruti Suzuki(MRTI.NS) has no idea when the Manesar factory hit by a deadly riot this week will reopen, the carmaker’s chairman acknowledged on Saturday, saying it was impossible to import extra vehicles or shift lost production to another plant. India’s biggest car company stopped production at a factory in Manesar on Wednesday after a manager … Continue reading
India – Tirupur – Tamil Nadu – Shut Down and layoffs
For years, Tirupur kept its date with major global sporting events where T-shirts and jerseys knitted in the Tamil Nadu hosiery town catered to tens of thousands of sports fans. At the Euro 2012 soccer championship, though, Tirupur was missing from the action. “We got orders for Euro T-shirts this year too but could not … Continue reading
India – Can economic data be trusted?
Economists and investors say they are finding it increasingly hard. “Market participants are not able to decide what to make of this data,” said Brinda Jagirdar, economist at the State Bank of India. Frequent and sharp revisions in inflation and factory output data—key determinants of monetary policy—have confounded experts in recent months. On Monday, India’s inflation for … Continue reading
India – Gujarat – Lowest unemployment rate among all states
Gujarat Congress’s yet another poll agenda has been punctured, this time by a department under Union Ministry of Labour and Employment. In run up to the assembly election, one of the issues Gujarat Congress has taken up against the state government is unemployment. According to the latest report for the year 2011-12, released by Labour … Continue reading
India – Skills Gap – Public Private Partnership : The National Skill Development Corporation
India’s workforce skills development needs are gigantic : 25% of the world’s new workers in the next decade will be Indian… But an unemployed, uneducated or unskilled Indian is not a free Indian—and usually a poor Indian.” writes Manish Sabharwal in Can India’s demographic dividend deliver prosperity? on economictimes.indiatimes.com. (link) “The Indian education sector has grown manifold in terms of diverse range of … Continue reading
India – Factory output and hiring are up
Indian factories in June stepped up production and hired workers at the fastest rate in more than two years, but sagging demand abroad took a toll on growth in new export orders, a survey showed on Monday. The HSBC manufacturing Purchasing Managers’ Index (PMI) rose to 55.0 in June, a four-month high, from 54.8 in … Continue reading
25% international students in OECD region are from China or India
Individuals from China and India make up one-fourth of total international students in the OECD region, a grouping of mostly developed nations. These students are also an important source of future labour migration, Paris-based think tank OECD said today. “The share of migrants from Asia among immigrants to OECD countries rose from 27 per cent … Continue reading
India: Vocational training lost importance has led to the widening gap between supply and demand for skilled manpower across various industries
Although the field of education has made progress in the past ten years, this less regulated area of the education sector – vocational training— seems to have lost its importance. This has led to the widening gap between the supply and demand for skilled manpower across various industries. This shortage of skills has translated directly … Continue reading
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