Skills Gaps

Majority banking leaders across the world say they would be willing to reward employees who made effort to return to office

Sitharaman will head to Washington, DC, for the Annual Meetings of IMF and the World Bank, as well as the G20 Finance Ministers and Central Bank Governors meetings and other high-level discussions

India is among countries making the greatest demand for data analytics from their workforces

Reflecting on her own experiences, Bijapurkar noted that her generation, which largely lacked formal economics training before the 1991 economic reforms, survived by continually learning

Dr Hema Bajaj, Ruhie Pande, Amit Das, and Dr Suryanarayan G Iyer speak with Nivedita Mookerji at the BSmart HR Conclave on the growing skill gaps and evolving workforce dynamics

Nation-building education is the govt's job. It should do it with the same might it used for the Sarva Shiksha Abhiyan, Aadhaar linking, Covid vaccination drive, and financial inclusion initiative

Even as 70 per cent of academic institutions believe their graduates are well-equipped for the corporate world, only 16 per cent of companies believe in the same, which showcases an existing gap between university curricula and industry expectations, a report said on Wednesday. "There is a significant gap in perception regarding the industry readiness of graduates. While 70 per cent of academic institutions believe their graduates are well-equipped for the corporate world from day one, only 16 per cent of companies share this view. This disparity highlights a persistent challenge in aligning academic curricula with industry expectations," AI-powered recruitment automation firm HirePro's report 'Momentum 2024: The New Reality in College Hiring'. The 'Momentum 2024: The New Reality in College Hiring' report is based on inputs from over 20,000 candidates, over 350 colleges, and over 200 corporates, along with interviews with over 100 campus talent recruiters. The report also revealed a

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said companies costs for interns will be funded through their CSR budgets

Union Budget 2024-25: Emphasis on employment, skilling, and MSMEs, but no tax relief for the middle class

Quality training remains an elusive goal

Based on data from over 22.2 million registered learners in India, the study highlighted a huge surge in interest for GenAI content across the country

With AI accelerating disruption at an unprecedented pace, IT departments are facing a talent shortage, as one in three IT leaders surveyed flagged difficulty in finding qualified talent. It also stated that the current scenario presents a missed opportunity for strengthening business outcomes and talent retention. Ed-tech company Skillsoft in its '2023 IT Skills and Salary Survey' revealed challenges such as skills gaps, talent shortages, and technology transformation are impacting IT departments, with one in three IT leaders facing difficulty in finding qualified talent. "With AI accelerating disruption at an unprecedented pace, the need for workforce training has never been more obvious and consequential. Organisations are at a critical point where they need to be deliberate and proactive about building skills and capabilities -- especially related to AI -- or risk falling behind in the coming year," Skillsoft Chief Information Officer Orla Daly said. Skillsoft's '2023 IT Skills

Cornerstone OnDemand's Talent Health Index Report finds that 60% organisations lag in automation and learning strategies

The programme will be made available with industry-relevant, National Occupation Standard-recognised course content, according to a press release from Salesforce

"This scheme is an attempt to take Vishwakarma skills into the modern era, an attempt to increase [your] capabilities," PM said

A Quess report finds upward hiring trends in India's IT hubs as well as Tier I & II cities as remote work options become available in Q1FY24

AAP Rajya Sabha MP Vikramjit Singh Sahney on Saturday said he will set up 10 additional skill centres of excellence in Punjab that will create at least 10,000 jobs. More than 2,000 jobs have already been created after skilling youngsters at the skill development centre, he said. Sahney was speaking to reporters here on the completion of one year as a member of the Rajya Sabha. The first skill centre of excellence was set up in Amritsar. Now, another one will be opened shortly in Ludhiana where modern machines will be installed for the skilling of youngsters to make them employable in the industry, he said. Sahney said his major focus has been on skilling and creating jobs for Punjab's youngsters. "During this year, we provided 2,000 jobs after skilling the youngsters at our skill development centres. I am also setting up 10 more world-class skill centres of excellence to create 10,000 jobs," he said. The new centres will come up in Bathinda, Patiala, Mohali, Jalandhar, Hoshiarpur

Union Minister Rajeev Chandrasekhar on Friday said the narrative around unemployment in the country is not correct, as the Narendra Modi-led government is dealing with a "legacy problem" since it came to power in 2014 when 31 crore of 42 crore Indians at the workplace were unskilled. "This narrative about unemployment is not correct because there are a lot of jobs and micro-entrepreneurial opportunities being created, but they require skills," Chandrasekhar, the Union minister of state for skill development and entrepreneurship, said. "And why a lot of Indians today find themselves at a disadvantage, is that around 2014, of the 42 crore Indians in the workforce 31 crore were unskilled. Three out of four Indians after 65 years of Independence were left to fend for themselves without skills in the workplace and the last nine years we are dealing with that," he observed. The minister said, "In a way, a legacy problem is being solved" through skills in the National Education Policy. He

G20 countries can undertake skill mapping at the global level, find gaps that need to be plugged and also play a key role in promoting research and innovation, Prime Minister Narendra Modi said on Thursday. During a virtual address at the G20 Education Ministers' meeting in Pune, he stressed the need to strike the right balance between opportunities offered by technology and the challenges posed by it. At the meeting, the G20 ministers will formally accept the outcome documents, marking the culmination of the extensive deliberations carried out over the past several months within the education working group track. These outcome documents will serve as a roadmap for the international community, guiding coordinated actions to ensure inclusive and high-quality education for all learners. "G20 countries can undertake skill mapping at the global level and find gaps that need to be plugged. Digital technology serves as an equalizer and promotes inclusivity. It is a force multiplier in ...

Lack of tech skills in Indian youth a worry as labour markets brace for a tech-driven churn