Did you know that 48% of employers face difficulty in hiring skilled employees in India? The situation is dead serious if you consider that India is the youngest country in the world! What does this mean? This indicates that there are jobs for grabbing but a few people are competent enough to get them.

A large fraction of degree holders remain unemployed even in the times of near full employment. Substantial shares of college educated workers are overeducated.

Employers are ready to shell out extra pennies for better-educated employees. In spite of the growing economic advantage of college degrees the overproduction and the over-qualification is still prevalent. With many college graduates unsuccessful in finding work, the temptation to reject postsecondary education grows more tempting.

The job and skill requirements of market are pretty dynamic so there’s a need to be constantly updated. We think of a college job as the one which fetches money regardless of occupation. So where does the problem lie? Read along for the answer.

IT is slowly but surely automating repetitive tasks which increases the value of non-repetitive ones! This type of technological change is fuelled by global competition which drives up skill requirements and demand for post-secondary education and training within ALL occupations.

As the country is advancing with the latest technology, the need for real education which includes values and skills is increasing! This will make formal degrees and certifications obsolete. A degree can’t show your calibre but it’s your attitude which indicates your education. The word education doesn’t equate to the degree you have however it relates to the skill set of yours.

Only 25% of the graduates have employability skills! So what should we do? We should encourage real education over counterfeit degrees. All we need is a change in the mind-set that degrees alone fetch jobs. It’s your own skills that will help you in the long run.