Synopsis: The survey suggest that of the available engineering jobs, only approximately 40,000 jobs (for ~3% of ~15L engineers) provide an ideal mix of autonomy and learning potential with packages upwards of Rs 8-10 LPA for freshers. Additionally, of the 3% of graduates that land coveted high paying and high-quality jobs, the majority come from Tier 1 colleges.
Bengaluru: To address the gap between skills needed for high-quality technology jobs and work-readiness of graduates, Scaler (a platform by edtech startup InterviewBit) has launched a college-companion programme called Scaler Edge – to boost the employability of engineering students.
Additionally, to meet the growing demand for online skilling courses, the company plans to hire 500 more teaching assistants and mentors in this financial year.
According to industry estimates, 15 lakh engineers graduate in India every year out of which only 2.5 lakh students land relevant jobs in technical domains. Out of those, roughly 2.2 lakh openings are in software, within which a vast majority (1.8 lakh jobs) are in IT services garnering around only Rs 3-5 lakh per annum (LPA) in remuneration. The lack of industry-ready skills is a significant contributor to the current status of employment across the industry.
Source: The Economic Times
