-Among the tech skills, while Applied Mathematics skills stands out with an impressive employability rate of 72%, the other skills with high employability potential include Data Science (57%)
-The study suggests that finding candidates with high employability in non-technical skills is easier than finding candidates with high job readiness for technical skills
New Delhi, NFAPost: Graduates from India have presented an impressive employability rate of 48 per cent in Artificial Intelligene and Machine Learning roles, indicating a significant talent pool capable of meeting the growing demand in this cutting-edge technology, reveals a study.
The ‘India’s Graduate Skill Index 2023’, published by Mercer revealed that 45% of all graduates in India demonstrate the readiness to meet the industry’s ever-changing demands.
The study conducted an in-depth evaluation of more than 2,800 specific skills and sub-skills. The performance of candidates was then compared against skill benchmarks, represented by the ‘Skill employability %,’ indicating the percentage of candidates scoring above the employability level for each specific skill.
Among the tech skills, while Applied Mathematics skills stands out with an impressive employability rate of 72%, the other skills with high employability potential include Data Science (57%), MySQL (57%) and Oracle SQL (54%).
Among the sought-after roles, Indian graduates exhibit highest employability in AI/ML roles at 48%. The Backend Development, Data Science, Data Analysis, and QA Automation roles have a similar employability rate of 39%.
Among the non-tech roles, according to the Mercer | Mettl study, the Financial Analyst role shows an employability rate of 45%, closely followed by Human Resources Associate at 44%.
Employability of Indian graduates on top skills in demand
Business Analyst exhibit a similar employability rate of 45%, while the Project Manager roles have an employability rate of 39%.
On the other hand, Sales and Business Development roles present the lowest employability at 37%.
Anticipated job and skill trends that will significantly impact workplaces in the future, according to Mercer
Skills such as Core Java, Structured Query Language (SQL) etc., are expected to decline in the coming years.
Cognitive skills are gaining prominence in the workplace, particularly in areas of complex problem-solving and creative thinking.
Employability of graduates in the emerging job roles such as Backend Developer, Data Scientist, Data Analyst, and QA Automation shows a similar employability range across three tiers of colleges, said the study
This trend suggests that learners from different tiers of colleges have similar opportunities to acquire these skill sets, potentially through self-learning and access to online courses.
“Indian graduates are well-prepared to respond to the opportunity with right skillsets. The job market of the future will be increasingly dynamic, and an open mindset with readiness to upskill and reskill as per the changing demands will act as a key differentiator,” said Siddhartha Gupta, Chief Executive Officer, Mercer.
UI/UX developer roles showcase an employability rate of 36%, emphasizing the rising significance of user-centric design and the pivotal role designersplay in crafting visually appealing and intuitive interfaces.
Software testing roles closely follow with an employability rate of 42%, while front-end developer roles have an employability rate of 40%.
Only 45% of India’s graduate jobseekers are employable, says study
A new study suggests that only 45 per cent of Indian graduates who apply for jobs are employable, with the skills to meet the industry’s rapidly-changing demands, The Economic Times (ET) reported. The “India’s Graduate Skill Index: 2023” report published by online talent assessment company Mercer | Mettl, is based on evaluations across 2,500 campuses and 440,000 learners.
The report said that finding candidates with high employability in non-technical skills is easier than finding candidates with high job readiness for technical skills.
About 44% of graduates are employable for top technical jobs, while 53% of Indian graduates are employable for top non-technical jobs. The study said applied mathematics has the highest employability of 72%. About 48% of Indian graduates applying for AI/ML (artificial intelligence/machine learning) roles are job-ready.
The report said that project management has the lowest employability of 23 per cent among the top in-demand non-technical skills. On-the-job skills such as MS Office, accounting and numerical ability demonstrate higher employability at 61%, 60%, and 57%, respectively, while data science and data analyst roles have employability of 39 per cent.
Mercer | Mettl Chief Executive Siddharth Gupta was quoted as saying by ET that almost all of the country’s colleges and institutes have to change themselves to provide students with the skills of the future and align their learning outcomes with the needs of the industry.
Data from campuses in 30-plus states and union territories were involved in the analysis. Further compartmentalization was based on college tiers (Tier 1, Tier 2, and Tier 3) according to the National Institute of Ranking Framework by the Ministry of Education.
The study suggests that based on the tier of college. there isn’t any marked difference in employability. The survey showed 46% employability for Tier 1 colleges, 44% for Tier 2, and 43 per cent for Tier 3 colleges. In comparison to technical roles, employability for learners in non-technical roles and skills is higher across all college tiers.
