India’s employable talent rises, women workforce increases: India skills report
Contents News/Article Date: 13th December 2022
Relating to which Act: Labour law is a concurrent topic under India’s Constitution, which means that the country’s labour and employment laws are controlled at both the federal and state levels. The Industrial Job (Standing Orders) Act (IESA), 1946, and the Industrial Disputes Act (IDA), 1947, as modified, are the two primary federal legislation that governs employment termination.
Applicable to which State: All Indian States
Type: Newspaper Report and Survey did by Agencies
Pertains to: employers and employees
Relevance of this news: Karma Management Global Consulting Solutions Pvt. Ltd has been in the business of Payroll, Outsourcing, and Regulatory Compliances since its inception in 2004 since then, it has brought in a lot of efficiencies and technological upgradations with experts on its role, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding Management, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global has a legacy vertical of “Recruitment & Talent Acquisition” which was conceptualized in the year 1979 and since then, it has been doing a wonderful job of providing enriched services in this field to hundreds of clients across all types of industries. It has an expert staffing strength of over 10 people, vastly experienced and versatile to handle this growing portfolio, especially in the light of the booming talent acquisition rocking the IT and ITeS Industry and so far Karma Global has been doing very well for itself by even reaching across the shores of India to countries like Canada, US, UK, and UAE.
In this instance, India’s employable talent has risen in the past year, according to The Wheebox India Skills Report 2023. According to the report, India’s employable workforce has increased from 46.2 percent to 50.3 percent which means that 50.3 percent of people were found to be employable as compared to the last year’s data. The percentage of women who were found to be employable has increased to 52.8 percent, compared to 47.2 percent for men.
Subject: India’s employable talent rises, women workforce increases: India skills report
For greater details, appended below is the complete news item
India’s employable talent rises, women workforce increases: India skills report
The report also mentioned that 89 percent of graduates were looking for internship opportunities The report also mentioned that 89 percent of graduates were looking for internship opportunities
India’s employable workforce has increased from 46.2 percent to 50.3 percent
India’s employable talent has risen in the past year, according to The Wheebox India Skills Report 2023.
According to the report, India’s employable workforce has increased from 46.2 percent to 50.3 percent which means that 50.3 percent of people were found to be employable as compared to the last year’s data.
For the reports, 3.75 lakh candidates or freshers were evaluated. They took the Wheebox National Employability Test (WNET) and as many as 150 corporations participated from over 15 different industries.
The percentage of women who were found to be employable has increased to 52.8 percent, compared to 47.2 percent for men. “The consistent rise in women’s employability over the past ten years is a positive sign of radical changes in India’s developing labour market.
Increased participation of women at work will give industries an edge with key roles already being occupied by women as we go into 2023,” the report states.
The report also mentioned that 89 percent of graduates were looking for internship opportunities.
Among the states, candidates from Uttar Pradesh, Maharashtra, and Delhi were the most employable, while in professional courses, candidates who have pursued B. Tech, MBA, and B. Com were the most employable talent. In Indian cities, the most employable talent was found in Mumbai, Lucknow, and Mangalore.
However, the gap between the skills the graduates have and the ones required by the industry remains. “There is an urgent need across the country for multiple stakeholders to remedy the industry and higher education gap,” Piyush Nangru, co-founder and COO, Sunstone said.
“Improving employability through higher education remains a challenge and can be attributed to many factors. The post-Covid era further requires realignment of the higher education curriculum, up-skilling practices, and training techniques,” Piyush Nangru said.
