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‘Employability levels rise from 33% in 2014 to 40% this year’

Source | The Economic Times  

NEW DELHI: Employability of the talent pool joining the workforce has increased from 33 per cent in 2014 to 40 per cent this year and female candidates seem to be more employable than their male counterparts, says a report.

The ‘India Skills Report 2017’ — a joint initiative of HR solutions firm PeopleStrong and global talent assessment company Wheebox, in collaboration with CII — noted that hiring intent is positive for the third consecutive year and two in five candidates joining the workforce are employable.

‘Employability’ here does not include only domain excellence but also takes into consideration other aspects like communication skills, logical and analytical ability and several other aspects, it said.

“Government is focussed on employment generation which can be enabled through Make in India and Skill India. India must become the skill capital of the world,” the report quoted Labour Minister Bandaru Dattatreya as saying.

The study forecasts an overall increase of about 7-10 per cent in hiring intent for 2017 when compared to the current year and allied sectors in telecom, auto ancillary, quick service restaurants, and power and energy management are expected to lead the growth in hiring.

“It is especially interesting to see a positive hiring intent for the third consecutive year, and also the focus that is expected to increase towards women hiring and entry-mid level jobs,” PeopleStrong Co-founder and CEO Pankaj Bansal said.

Regarding preferred sourcing channels, the report said that though both traditional channels (job boards and consultants) and new channels (digital) are picking up pace every year, internal referrals are shadowing all other channels because of their cost and quality benefits.

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