The second India Skills Report 2015 released recently shows that 72 per cent of the employers prefer to hire candidates in the age 30 years and below. This preference for the young workforce is good news wherein 60 per cent of population is going to belong to the working age by 2020. The report also shows an upward trend in hiring spread across 29 States and seven Union Territories.
The top States with employable skill pool include Rajasthan, Andhra Pradesh, Haryana, Kerala and Karnataka which have held their positions from last year, and UP Tamil Nadu, West Bengal and Orissa are the new entrants. An overall increase of about 23 per cent expected in the hiring numbers per month, the job outlook confirms with the expectation of a growing market in the coming year for India. Out of about 11 sectors surveyed, Hospitality and travel lead the way followed by BFSI and Core sectors which will see major increase in hiring with more than 25 per cent hiring to be expected and other manufacturing (excluding auto, consumer goods and durables,), pharma and healthcare and telecom and allied, there is an increase of more than 10 per cent in monthly hiring.
The report also brings out a general trend amongst the employers while looking for candidate prefer Internal Referrals followed by job portal and social media. The trend of choosing candidate with the use of social media has increased from 6 per cent last year to 12 per cent this year. One of the notable highlight of the Wheebox-PeopleStrong-linkedin study has been the challenge of corporate for maintaining gender diversity. Though the numbers have improved from last year, it is the male employees who still are in majority. In comparison with last year’s report the number of women employees across industries has increased to 38 per cent females last year this number was reported at 34 per cent.
This and many more such insights are part of the first India Skills Report, which is an effort to form the basis of an effective collaboration between the two ends of the Talent Supply Chain. On one hand, it aims to equip the students with information to access the job pool in the market, while on the other, to provide the employers an access to the skill reservoir of the country.
The study tries to bring in a more realistic, holistic view of the skill and talent landscape in India. Assessing over 3,00,000 students amongst States and UT’s across the length and breadth of country using Wheebox workforce skills test, the report has helped to create an agenda that can function to solve the talent supply-demand challenge the country is facing. The report is a joint initiative by Wheebox, PeopleStrong and linkedin in collaboration with Confederation of Indian Industry. It is an effort to form the basis of an effective collaboration between the two ends of the talent supply chain.