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In an era, where more than 30% of the vacant positions are filled through fresh talent, it becomes extremely important for firms to have a detailed view of graduates passing out of colleges. This report tries to address the key issues which come up during fresh recruitment viz. availability of talent pool by states, college tiers, branches etc.
Some of the salient features of the report include:
- Four years of practical experience from hundreds of sources,
- Coverage of all colleges and Universities across the length and breadth of India with specific focus on streams viz. Computer Science, Information Technology, Electronics and Communication, Electrical and Electronics, Mechanical, Civil and other branches.
- Identification of Tier II (A and B), Tier III (A and B) and other colleges in across India. This becomes important as we know that only about 3-4% of India’s talent pool come from Tier I colleges,
- Talent pool numbers split by college tiers and branches,
- Exhaustive list of colleges segregated by Tiers and Branches,
- Special focus to South Indian states which contribute to more than 70% of Fresh graduates passing out of India,
- Identification and profile of key research institutes in India,
- Recommendations to companies on recruitment strategy.
India as a growing economy is the major driver of employment creation. It is only apt that the most prominent industries leading the growth also create the most jobs (in percentage terms). The growth and contribution is being seen from Food and Beverage, Healthcare, Construction, IT/ITES, Telecom, Auto and banking services. There is expected to be an addition of more than 1 million jobs in India each year, distributed across these growth sectors.
The growth of these industries is also reflected in the staggered growth in the availability of graduates. This can be clearly seen in the number of graduating students in engineering & pharmaceutical areas (more than 7 lakh a year). Engineering has always been a money-spinning career option in India. Burgeoning demand for engineering education led to privatization in India. As a result, engineering education has seen tremendous growth wherein the number of engineering colleges in India has shot up more than 10 folds over the last two decades. With privatization of education, many private players have started offering engineering courses. With limited seats and rising competition, these private players are making hay.
However, there are regional imbalances in the availability of engineering graduates. The four southern states combined (Andhrapradesh, Karnataka, Tamilnadu and Maharashtra) have more than 70% of these graduates. To add to this concern is the question raised on the quality of engineering schools in India and the quality of graduates coming out of these colleges which are considered to be abysmally low. According to a research conducted by Knowledgefaber, only about 4.5% of India's engineers are fit to work in a software product firm, and just 45% are employable by an IT/ITeS services company, even with up to six months' training. These figures are even caliginous when compared to the survey of human resource professionals at multinational corporations in India revealed that one quarter of engineering graduates with a suitable degree could be employed irrespective of demand. These claims along with huge employee turnover has led companies like Infosys to setup world class sprawling training facilities as part of their HR strategy. However, not all companies have the capital or the need to deploy such extensive “employability” centers. As a result, fresh recruitment in India has become an exigent and involved process - which requires deep insight to target people correctly from the right institute.
The objective of this report is to assist firms prioritize recruitment from colleges based on their needs and reach out to the best talent across the country. The report could also be used to strategize hiring and thereby reducing cost of extensive travelling across the Indian sub continent.