17 Percent Engineers are Eligible for IT Services: Report
Bangalore: Less than one-fifth of the total engineers are eligible to be recruited in the IT services sector reveals the National Employability Report 2011, which is released by the Aspiring Minds. Reports Saumya Bhattacharya of “The Economic Times”.
Co-founder and CEO of Aspiring Minds, Himanshu Aggarwal said, "India has a sizable engineering talent pool. However, only 17.45 percent are fit to enter the IT services industry." “The country produces about five lakh engineers every year,” he added.
The report also highlighted the percentage of ready to onboard engineers for IT product jobs is miserably low at 2.68 percent. As besides, cognitive skills and soft skills jobs in IT product companies involve a strong understanding of computer programming and algorithms. However, the research established the candidates robustly lacked the necessary skills.
According to the report, the skills necessary by the IT product companies at the entry level are very much a part of the syllabus of engineering colleges, which is a tormenting indication for higher education.
The Knowledge Process Outsourcing (KPO) industry is probable to find 9 out of every 100 engineers employable, whereas in hardware and networking profiles, the employability was positioned at 36.75 percent. The majority of employability was found in the Business Process Outsourcing (BPO) sector, where about 40 percent candidates were found suitable.
"However, graduate engineers do not form the preferred employable group for these companies due to the belief that these roles cannot match their expectations, both in terms of remuneration and job satisfaction," the report said.
The report enclosed more than 55,000 engineering graduates of 2011. The report also said that the attention on growing the quantity of engineers has affected quality severely. "With regard to employability percentage in different states, it was found that employability decreases logarithmically with the number of colleges in the state. This clearly shows that opening more colleges is directly impacting the percentage of employable engineers graduating every year," the report states.
IT companies seem to mislaid out on the long extension of engineers, who appear from campuses, excluding the top 100, as better employability levels could be seen there. More than 70 percent of employable candidates for any sector are in campuses other than the top 100, the report explained.
According to the report, it was instituted that 50 percent of employable candidates for IT services companies and 28 percent of employable candidates for IT product companies are not even in the top 750 colleges, and therefore form an undetectable group to most employers. "There is an invisible talent pool, which lies unutilised due to the absence of a mechanised hiring and inclusion system. There is an urgent need to address this disparity," Himanshu said.