Abstract
In this dynamic world, filled with opportunities and cut-throat competition, skill sets are necessary to find a job and kick-start the graduate's career. Students with different skill sets can solve problems by looking at them from different angles, which is a key factor in obtaining jobs. The researchers have identified the four disciplines—commerce and managemet, computer science, psychology and engineering—as the key domains in the 21st century for better employability. From the literature, researchers have identified the skills and their application in the proposed domain and the ways to upskill the identified skills. The study's implications are a ready reckoner for stakeholders—educators, hiring organizations, students, policymakers, researchers, government, and institutions—for better industry-academic collaboration and understanding of the skill set required for job orientation.
TopTrends And Challenges In Employability
The trends in workforce employability are dynamic, and the recruiters will also expect the above skills from the recruits to achieve work efficiency and the organisation’s targets faster. Thus, the graduates should be equipped with the desired skills to survive in the cut-throat competition. Recent technological innovations have paved the way for preparing soft and hard skills required for employability and securing placement. These skills, trending at that particular point in time, define the demand for the job.
Global Scenario
According to the report (The Future of Jobs Report 2023, n.d.), 85% of organisations have said that bringing new technologies and enhancing digital access improves the work efficiently of the organisation. More than 75% of these companies plan to adopt big data, Artificial intelligence and cloud computing. 86% of the companies have planned to incorporate digital platforms and technologies in their business in the next five years. 75% of companies are planning to incorporate e-commerce in their business. According to an estimate, the machines will perform 34% of all business-related tasks.
The companies are looking for employees who know about the importance of sustainability in the business. The companies are looking forward to implementing sustainability-related practices and technologies. According to (The Future of Jobs Report 2023, n.d.), Broader application of Environmental, Social and Governance (ESG) standards within their organisations will also significantly impact the organisation’s transformation. As a result of climate change and environmental management technologies, the job market can improve. Anticipation of investment in these areas will increase employment opportunities for sustainability professionals and environmental protection specialists, which can grow by 33% and 34%, respectively, creating approximately 1 million jobs.
Key Terms in this Chapter
Industry-Academia Collaboration: The joining of industry(practical world) with the academic sector (theoretical aspect of knowledge) for the betterment of the graduates and other stakeholders involved in the educational sector.
Graduates: The person who has completed his course of study and ready to step into the working place.
Curriculum: The subjects/courses the education institutions design for students to enhance their technical knowledge and skills.
Skill Sets: A bunch of capabilities that a person can use when applying them in a particular context.
Employability: The ability of a person to work in a place to earn a living.
Career: The job we do in our lives to earn our living and improve until we wish to work.
Campus Recruitment: The hiring of Higher Education Institutions (HEI) graduates.
Graduate Attributes: The qualities and skills a student must possess to be academically oriented.
Higher Education: The final stage in the academic journey leads to in-depth advanced knowledge in a particular field and creates a knowledgeable workforce.