Saturday, March 30, 2024

Acquire SKILLS to successfully transition from Academics to the Corporate world

 

Over the last week, I came across a couple of related news articles, which prompted me to think and write this blog.


This photo was published in The Hindu newspaper on 26th March -24: Students engaged in last-minute revision on their way to the Government school at Kengeri to take the SSLC examination. 

This photo immediately took me back to my school days, this is how I used to be, my head buried in books till the last minute, before entering the examination hall. I am talking about 1994-'96, three decades ago. Seeing this pic, makes me wonder, hasn't there been any change in the approach towards learning, and preparing for exams in the last 30 years? These children are engrossed in the last-minute rote learning and concerned about marks, just like me and my batchmates were, three decades ago. Quite concerning and regretful as a society!



On 21st March-'24, The Hindu newspaper carried another news: 'Only 7% of college attain 100% campus placement'. The statistics are quite a disaster and concern me as someone who is involved in education, youth development, and career counseling. 

According to the news article, 66% of recruiters and 42% of university partners feel the skill gap and lack of preparation, respectively, are major challenges in campus recruitment. On the contrary, 91% of students believe their college curricula offer an adequate level of preparation for a job. 

Again going back to my graduation and post-graduation days, I can relate to this. I did my graduation from a non-descript college in Tumkur (a town near Bangalore) which had no campus placement and quite limited exposure to the industry. Doing my post-graduation at Manipal University, was the exact opposite experience for me, because of its wide exposure to industry and campus placement opportunities it offered to us. 
In my graduation days, I too didn't realize the skill gap and industry ignorance I was carrying myself. This was partially overcome through 1 year of internship in industry, during my post-graduation days, which helped me to secure my first job.



The 3rd news article 'Sloganeering does not change the world' was featured in The Hindu on the 23rd of March 2024. Bajaj Auto MD Rajiv Bajaj speaking at a function announced Bajaj Group companies, has decided to commit Rs 5,000 crore investment under the 'Bajaj Beyond' initiative over five years to help more than 2 crore young Indians benefit through skilling. This skilling program includes mechanical engineering training by Bajaj Auto and financial services training by Bajaj Finserv. "You do not change the world by sloganeering. Words will not change the world unless you have the skills to put those words into action. With Bajaj Beyond, we will design future-proof curriculums, provide real-world, hands-on experiences, and equip our youth with the adaptability and innovation required to thrive in the ever-evolving mobility landscape". - Rajiv Bajaj. 

This news makes so much sense as we are living in the 4IR (Fourth Industrial Revolution). The gap between academia and industry is growing, and the skill requirements of the future world of AI, ML, and Robotics are still unfolding, which is making traditional brick-and-mortar classrooms and conventional syllabus outdated by industrial transformation by leaps and bounds. 

This news article succinctly, links up directly with the final news article 'Employment scenario in India grim, says ILO report' published on 27th March 2024, in The Hindu newspaper. 


The report says that youngsters account for almost 83% of the country's unemployed workforce. While India's large young workforce is a demographic dividend, the report noted that they don't appear to have the skills to deliver - with 75% of youth unable to copy and paste files, and 90% unable to put a mathematical formula into a spreadsheet. The report also mentions the deteriorating trend of the Labour Force Participation Rate (LFPR), Worker Population Ratio (WPR), and Underemployment Rate (UR), over the years. 

The common thread across all the above-mentioned news articles is the structural inadequacy in the preparedness of our youth, to make a seamless transition from academia to the corporate world. 

It's high time our approach to education needs to change, rather than focusing on marks, grades, and acquiring degrees after degrees, our focus should shift to imparting our youth with skills, practical knowledge, and life skills to enable them to thrive in the 4IR. This need for change is recognized by many, but this cannot be achieved unless there is a collective effort by all stakeholders - educational institutes, students, parents, and industry. 

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