Only 3.84 pc of Indian engineers employable for startup technology role
14 June, New Delhi
There are alarming facts coming out from the studies as far as engineering graduates are concerned as only 3.84 per cent folks are employable for startup software engineering jobs investments and growth of technology startups.
The National Employability Report prepared by Aspiring Minds says that there is no significant improvement in employability in the last four years has been achieved. This is a big concern and would surely hamper the growth of startups in India. It may also cause the market to be diluted with a lot of low quality products floating around.
According to the report, A worryingly low employability percentage of 3.67 per cent has been observed for the software products. This is because jobs in IT product companies require a strong understanding of computer programming and algorithms. The study found that candidates strongly lacked the required skills. Around 90.72 per cent of graduating engineers do not have the desired programming and algorithm skills required for IT product companies, whereas 72.77 per cent show lack of soft-skills and 59.40 per cent lack cognitive skills.
There have been new innovations to test programming and algorithms using compiler-integrated programming assessment to find the right candidates quickly and effortlessly. The report says that unfortunately we see no massive progress in these numbers. These numbers as of today stand at: 17.91 per cent, 3.67 per cent and 40.57 per cent respectively for IT Services, IT Products and Business Process Outsourcing. This is despite the fact that the number of engineering seats have not increased in the past year.
The report says, “we are not inferring that all initiatives for employability improvement have failed and there may be pockets of excellence present. However, the need of the hour is to find these pockets and scale them up to make an exponential impact on employability. This is crucial for India to continue its growth story and achieve the PM’s vision of India becoming the human resource provider for the whole world.”
“Only 3.84 per cent folks are employable for startup software engineering jobs Investments and growth of technology startups is the new business story in India. Ratan Tata recently said that India is becoming the Silicon Valley of the 1990s. To sustain this growth, we need candidates with higher technology caliber, understanding of new products and requirements and the attitude to work in a startup,” report says.
The report is based on a sample of more than 1,50,000 engineering students from 650+ engineering colleges across multiple Indian states. All these candidates graduated in 2015. The analysis and findings of this report are based on the results of these students on AMCAT: Aspiring Minds Computer Adaptive Test, which is India’s largest and only standardised employability test.
AMCAT covers all objective parameters such as English communication, Quantitative aptitude, Problem-solving skills, and knowledge of domain areas such as Computer Science and Programming, Mechanical Engineering, Electrical Engineering for determining employability in the IT, ITeS and other core engineering roles.
The test was conducted under a proctored and credible environment ensured by Aspiring Minds.Employability has been quantified based on the benchmarking studies done at various companies indifferent sectors by Aspiring Minds. Currently, AMCAT is used by more than 3500 companies; including seven of the top-ten IT services companies in India, for their assessment and recruitment solutions.
The benchmark for employability in a profile and sector is defined by a theoretical understanding and empirical validation of the knowledge, cognitive skills and domain expertise required.