Vocational courses: Maharashtra sees 7.5% rise in demand in 2016, says report
An article in Indian Express, talks about signaling value report by TeamLease; along with inputs from Rituparna Chakraborty.
The report further says that skills education accounts for 4 percent of the overall education industry market size in terms of revenue.
VOCATIONAL COURSES saw a 7.5 percent rise in demand across the state this year, even as more than 1.17 lakh students were admitted to Industrial Training Institutes (ITI), a report by TeamLease, a human resource consultant, has said. Around 92 per cent seats have been filled in government-run ITIs, as against private ITIs which saw fewer takers with 77.4 per cent seats filled.
While there has been a rise in demand, the degree may not correspond to the requirement for skilled labour force in the country, the report says. Only 2 percent of the labour force is formally trained and 8 percent acquire skills on the job. The demand supply gap is stark with 12.8 million people entering the workforce every year, stated the report.
The report further says that skills education accounts for 4 percent of the overall education industry market size in terms of revenue.
The report blames ‘low-status’ stigma attached to vocational courses for the low enrollment statistics. It says that those with degrees are preferred by industries over those with ITI certificates.
“Students joining ITIs don’t see the benefit of a vocational course in their professions, especially when compared to mainstream degrees such as engineering,” said Rituparna Chakraborty, co-founder and Executive Vice-President of TeamLease.
Chakraborty said the outdated and archaic curriculum was to blame. “There is a need to overhaul the entire syllabus at ITIs,” she said.
Meanwhile Nitin More, a former ITI student union member, said ITI certificate holders are technically sounder than their engineering counterparts owing to the practical training.
He said ITI certificate courses are a way out for those who want to earn a living even while studying.
The TeamLease report said short-term skill development courses are the way forward — ‘courses that are focused on specific, job-relevant skills and which take between two and six months for a candidate to complete.’
This article was published in Indian Express
Latest Blogs
Transforming the BFSI Sector through Upskilling and Reskilling
Strategies to Upgrade BFSI Talent Pool through Upskilling and Reskilling L&D programs use technology to provide training to BFSI professionals for niche roles. This includes...
Read MoreTelecom sector in India: Enhancing opportunities in telecom jobs
The introduction of 5G report by TeamLease with its promise of enhanced connectivity and reduced latency, is one such initiative that will have a cascading effect...
Read MoreHow are D2C brands in India defining the future of retail?
Some of the D2C space for Cosmetics & Beauty Business: One of India’s leading E-commerce platforms for Beauty Products began as a beauty marketplace and...
Read More7 Typical Challenges in Volume Hiring and How to Master it!
Effective strategies for smooth volume hiring Technology Integration: Embracing technology, such as Applicant Tracking Systems (ATS), streamlines mass hiring. ATS manages candidate data, automates communication,...
Read MoreHow does 5g technology enhance the internet of things
Implications of IoT on the Job Market 5G: Powering the Next Generation of Transportation The advent of 5G technology brings ultra-fast and reliable connectivity, enabling...
Read More