The placement seasons have started in the Indian b-schools and the buzzword on campuses is about who is coming on campus, how much they are giving and what is the kind of profile that one is being offered. In this blog, I am going to look at what I think is going to be one of the biggest problems faced by Indian companies today, in fact anyone who is hiring or planning to hire out of India. I will trace this over a two part blog.
In this first part, I am going to try and trace the reasons for what I believe is the failure of the Indian higher educational system.
India is facing a talent crunch. You may wonder, that how can a nation of 1.1 Billion people with roughly 54% (594 Million) of them being in the active work force face a talent crunch. Well, it is surprising yet it is true that the reason for the spike in salaries offered across the board is due to the ‘artificial’ talent crunch in India. Now, why do I call it an artificial phenomenon, it is simply because this talent crunch is due to the ineptness that is prevalent in our educational system today.
I would like to point out that I am going to talk primarily about employability and not the number of people who can be employed. So, here is what I think…..
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