Karnataka has recognized that knowledge and skill are the driving forces for sustained growth of economy and social development in the State. There is realisation and awareness of the demand and need for skilled manpower in a number of sectors, and also that large scale skill development is an imminent imperative for the development of the state-both in the unorganized and organized economy.
The State recognizes the criticality of skill training and continuous skill upgrade amidst globalised competition, and encourages educational institutions to take up quantitative and qualitative measures for capacity building.
“For a long time now, our education system has emphasized on marks and rote memorization rather than actual skills; with global competition picking up we are forced to ‘up’ the quality of manpower,” explains Kaushik Raju, Technical Director of Atria Institute of Technology and Atria University.
“Karnataka has been a bellwether of industrialization. However, the demand for skilled resources still far outstrips what’s available in the market. The interiors and furniture marker is no different. Around 85-90% of this market is unorganized, and the path to organized” is heavily dependent on states like Karnataka producing more skilled technicians, retail executives and R&D professionals,” says Tanuj Choudhry, Chief Business Officer and Board Member at HomeLane.
“Most students passing out with a degree are not employable and that is the single largest challenge the State faces. This lower employability impacts wages and the job roles the graduates get while they join the labour market. Industry, on the other hand, is grappling with a challenge of getting the right return on their investments they make during skilling and upskilling their employees.
High investments in skilling will help industry not only reduce attrition, but also increase productivity and lower cost of hiring,” shares Neeti Sharma, Senior Vice President, Team Lease Services.
“The employment market is in a significant alteration with the advent of Industry 4.0 and AIML technologies."
“The gig economy is calling for the fundamental change of way ‘employment’, and ‘job’ is perceived. Today’s market requires flexible and technology-driven skills while having enormous mastery of the required technical skills,” informs Gayathri Vasudevan, Executive Chairperson and Co-founder, Labour Net Services India Pvt Ltd.
