Companies are prone to visiting only top colleges to recruit potential employees. Thus, resumes from relatively unknown colleges do not get shortlisted.This not only creates a lack in equal opportunities, but also causes a deficiency of quality employees as this process ignores a huge number of meritorious students who do not study in top tier colleges.
Recent survey mentioned that IT sector carries out the highest number of recruitments from the pool of engineers, only 18.43 per cent engineers are skilled enough to work there, while, for IT product roles, the numbers are as low as 3.21 per cent.The study attributes the lack of English communicative skills, which they found in 73.63 per cent of candidates, and low analytical and quantitative skills, which they discovered in 57.96 per cent of candidates to be other main reasons for unemployment.Only 66% of those who made themselves available for campus recruitment landed a job offer in 2016-17, as against 79% in 2015-16 and 78% in 2014-15, according to data made available by IITs to the human resource development (HRD) ministry. Out of 9,104 student in 17 IITs who applied this year, only 6,013 got jobs.India’s estimated economic growth has slowed to 7.1% in 2016-17 from 7.9% in the previous year.
Skill gap in candidates
One of the major problems facing the fresh graduates is their insufficient understanding of basic concepts. The lack of in-depth understanding of technical information, lack of client-handling skills and insufficient knowledge across domains are the major skill gaps in the area. Tier-1 cities such as Mumbai, Bangalore and Hyderabad, 18.26 per cent of software engineers are job ready, while in Tier-2 cities such as Pune, Nagpur and Surat, 14.17 per cent are employable.If the candidates from lower tier cities are not getting the same opportunities as those hailing from Tier-1 cities, even if they are equally qualified and skilled. The chances of finding a job for such a person is 24 per cent lower and the earning per-year salary would also be Rs 66,000 lesser.