Is Lack of Talent The Real Problem?

According to a report, around 65 lakh graduates pass out of graduate colleges in India every year. Of this 15 lakh graduates are Engineers.

Still, we find the Employment Rate among the graduates to be just over 55%. Looking at the trends from the past few years, excluding the peak Covid-19 situation (2020-21) the employment rate surfaces around 50-57%.

1. Why is it that despite such high number of graduates in the country only half of them are employed?

The answer lies in the lack of skills. Who is to be blamed? I don’t know. The flaw still lies in the Higher Educational system of the country. I think, this Compulsory Attendance criteria is narrowing the scope of exploration amongst the students of the country.

How does someone know what career actually interests them?

Unless and until an individual is not given the time and space to explore various domains, one cannot conclude as to what career they actually want to pursue.

Coming to the point of employability, when one cannot figure out what their interests are, they are naturally forced into places they don’t want to be in. Thus, leading to underutilisation of talent and inefficient use of the workforce.

This is the main reason why people are struggling to secure good jobs and the companies are finding it difficult to hire good talent.