“The unique partnership between CII, PeopleStrong and Wheebox.com will bring in a new dimension and understanding to the way India and the global world look at hiring skilled labour. The report will provide an insight into the hiring trends of the market while understanding the needs of the job seeker and organisations. This will enable the youth and industry to make informed decisions,” said Supriya Banerji, deputy director general, CII. The joint team will work in tandem for five years commencing from 2013. The first India Skill Report 2014 will be released in November 2013 in New Delhi, she said.
The outcome of the report will create standard reporting guidelines for corporate on potential skill gap involving all leading players of the industry, supported by CII and active government participation.
“Today businesses are struggling to recruit the right people, with a lack of technical skills cited as the primary problem (64 per cent). This will dampen business productivity, ultimately threatening future growth and profitability; the primary challenge faced by three-fourth Indian businesses is the shortage of technical or specific skills. The other challenges are shortage of general employability skills such as teamwork, communications and others faced by two-third businesses followed by lack of applicants and required work experience faced by over 61 per cent businesses, respectively. India skills report will try to address this concern,” said Pankaj Bansal, founder and CEO, PeopleStrong.
Originally published by Financial Chronicle on 21st August 2013