Mr. Walvikar at ASF Meeting in Thane

Indian Rupee Falls to a record low! Is Indian Government sleeping?

Indian Rupee is falling to a record low of Rs 62.42 to the US Dollar this Monday and still the Indian Government is finding helpless to do anything! India is losing its credibility as a global power as it seems powerless to defend its currency. International investors are now fleeing the market as government is unable to take concrete steps to reverse the flow of capital. Will the Rupee touch 65 in next 1 month? Only time will tell.

Trivia Softwares Launches a new Website: www. ibos.co.in

Trivia Softwares has launched a new website for a KPO based in Mumbai known as Integrated Back Office Solutions Pvt Ltd. The website  is a simple but professionally designed website for a KPO based business.

New Nigerian Scam on the lose

New Nigerian scam is on the loose. We get request for some of our services from these scamsters and request to pay money. They ask for email address and bank account details.

Please never give these details to them as they will use these to pull all the money out of your bank

Please be very careful of this number 00447700084386

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47% graduates in India are unemployable for any job: Report

 

NEW DELHI: At least 47% of graduates in India are not employable for any industry role, according the latest report by employability solutions firm Aspiring Minds.

The report is based on a pan-India study of 60,000 graduates across colleges.

According to the report, 47% graduates are not employable in any sector of the knowledge economy. The employability of graduates varies from 2.59% in functional roles such as accounting to 15.88% in sales-related roles and 21.37% for roles in the business process outsourcing (BPO/ITeS) sector.

A significant proportion of graduates, nearly 47%, were found not employable in any sector, given their lack of proficiency in English and cognitive skills.

Since a graduation degree is considered a pathway to a job in the knowledge economy, substantive intervention at the school and college level is needed to improve basic skills of students. A renewed focus on vocational training should be re-emphasised, said the report.

The employability varies from role to role based on varying degrees of proficiency required in language and cognitive skills.

For an analyst's role, close to 84% graduates were found to lack the right levels in cognitive ability, while 90% graduates did not have the required proficiency in English communication. As a result, less than 3% of India's graduates remain unemployable across different job profiles. These numbers change dramatically for a teaching role or a sales or support role in the industry.

Over 40% employable graduates are beyond the top 30% colleges and have no way to signal their employability to potential recruiters.

41% of graduates employable in accounting roles hail from colleges beyond the top 30% colleges, whereas for the IT services sector this percentage is 36%.

Despite being employable, these students have no way to signal their employability to recruiters who end up recruiting only from reputed colleges and universities.

"This study is a first of its kind for three-year degree graduates across India evaluating employability for major roles being offered by industry. The alarming statistics of nearly half of the country's graduates not being employable in the knowledge economy needs great attention with interventions at both the school and higher education levels," Varun Aggarwal, co-founder, Aspiring Minds said in a statement. 

Trivia Softwares launches new LIC agent website nimkarwondergrowth.com

M/s Trivia Softwares has launched a new website for LIC insurance agent and financial adviser. The name of the company is Nimkar Wonder Growth Investments  . The owner of the site is Mr. Devendra Nimkar who is a trusted LIC agent from last 23 years. He has his business located in Thane city. He deals into LIC insurance policies, Mutual funds, Corporate Financial planning and personal financial planning.

The website is a simple and easy to navigate.

Quality of entry-level talent worries IT companies

 

MUMBAI: Indian companies are increasingly complaining about the lack of quality talent at the entry level and more so in the IT/ITeS services space which recruits fresh graduates in huge numbers. According to a research conducted by a consulting firm, the findings of which were exclusively shared with TOI, only students from tier 1 engineering colleges, like the IITs and NITs, which constitute 4.5% of the overall engineering graduates, are fit to work in software products firms like Microsoft and Google given the kind of skills these companies need. On the other hand, 45% of students from tier 1, 2 and 3 colleges are employable by IT/ITeS services companies like Infosys and Wipro, reflecting the hiring challenges these technology firms grapple with in a fast-changing industry.

Overall in 2012, nearly 51 lakh students graduated in India, out of which 45.7% were from the arts stream, said Knowledgefaber, a Bangalore-based research & consulting firm.

Engineering and technology graduates made up 3.56 lakh of the overall talent pool at the graduate level. However, Knowlegefaber's research found that there are huge regional imbalances in the availability of engineering graduates. Four states (Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra) together have more than 70% of these graduates. To add to this concern is the question raised on the quality of engineering schools in India and the quality of graduates coming out of these colleges, said the research.

"Customer needs are changing and technology developments are placing greater demand on the industry. Outstanding interface skills, deeper domain knowledge and awareness of the business context has become a 'must have' for today's professionals. Not all colleges that churn out students have been able to build these skills into their curriculum, thereby necessitating companies to bridge the skill gaps and bring about standardization of capability, among students hired from different parts of the country," said Hari T, chief people officer at IT services firm Mahindra Satyam.

This is the reason why companies will have to hunt for talent beyond the IITs and NITs. "Across industries, companies are looking to hire from tier 1 engineering colleges but the competition is very high and it represents less than 5% of the overall talent pool. We feel it is best recommended to look at talent in tier 2 and 3 cities," said Amit Goel, CEO, Knowledgefaber.

Computer science and IT accounts for nearly 32.5% of the fresh engineering talent in India while electronics and mechanical stream comes in second and third with 21.8% and 17.7% of students opting for these streams, respectively.

Sangeeta Lala, senior VP & co-founder at TeamLease Services, said, "IT graduate freshers are not usually skilled with new technologies like cloud computing, making them a less preferred option for companies. These companies would then look to internal scaling or experienced candidates who are readily deployable with the knowledge of new technologies."

Many IT firms have set up huge training facilities to help these graduates scale up, which experts say is the way forward. Also, they have facilitated tailor-made courses to bring about the right talent on board. "Through new hybrid models, corporates are sponsoring academic institution-specific courses, selecting the students as per their needs, providing the content and course material related to their industries and business, which is actually increasing the possibilities of employment for students," said Sunil Goel, MD , GlobalHunt India, a recruitment firm.