JobsForGood.com

News

Back

94 percent IT engineers are not employable, says Tech Mahindra CEO

Monday, June 4th, 2018

India produces more number of engineering graduates than the demand of the job market. A CEO of Indian IT firm believes that 94% of IT graduates are not employable.

C P Gurnani, CEO of Tech Mahindra said that 94% of IT graduates are not fit for hiring. As the skills of new-age technologies such as artificial intelligence (AI), cybersecurity, blockchain and machine learning demand more an employee, it has become difficult for IT companies to hire freshers with no relevant skills.

The skill-gap situation is quite serious in India. There is a big mismatch between what the industry expects and what the curriculum teaches. Despite most of the IT firms have their own Center of Excellence (CoE) and various skill-development programs, hiring in the IT sector has slowed down in the past year.

A vast majority of Indian students are opting for engineering courses over any other education. A large number of engineering institutes throughout the country are merely creating graduates for unemployment. The IT industry demands new-age skills. The engineering education lacks teaching skillscybersecurity, IoT, machine learning and AI. 

According to Nasscom’s report, there will be a demand for 60 lakh cybersecurity experts in the country by 2022. However, we do not have enough candidates with cybersecurity skills. The IT industry does not lack number of jobs but rather there is a huge shortage of skills.

 

Gurnani said, “For learnability, skill development and being ready for the market, the onus is now shifting onto the industry… Despitethis, the top 10 IT companies take only 6% of the engineering graduates. What happens to the remaining 94%?”

The major reason why hiring will be impacted in the future is a skill-gap. A few years ago, the industry used to hire 20 people for every million dollars of revenue. The equation is changing because of the increased productivity, automation, and other tools. The same million dollars now equals 15 new jobs, resulting in 25% fewer jobs.

 


Subscribe to the JobsForGood Development News

Get the latest development news in your inbox everyday!