BUSINESS
Kousali Institute of Management's director, A H Chachadi, is a lot more optimistic now that his students are better equipped to fight it out in a shrinking job market.
MUMBAI: Last week, 60 second-year management students of Kousali Institute of Management in Dharwad, Karnataka, were a part of a 30-hour training programme that acquainted them with analytical and communication skills and leadership abilities.
The institute’s director, A H Chachadi, is a lot more optimistic now that his students are better equipped to fight it out in a shrinking job market.
“Our curriculum is really not structured to suit industry needs. With the slowdown leading to companies freezing recruitments, there are very few opportunities for our students. This training programme will help in giving our students some edge,” said Chachadi.
The institute, located 425 km northwest of the IT hub of Bangalore, is finding it extremely difficult to place even two-thirds of its students.
If exactly a year ago the Headache No. 1 of every CEO was shortage of manpower crunch, today it is the exact opposite —- how to reduce staff.
Till slowdown began to hurt, companies preferred to just fill the gaps created by (high) attrition and business expansion —- and not skill gaps. Companies were more than wiling to invest in training and making recruits job-ready.
Not anymore
T Sreedhar, managing director of TMI Group, a Hyderabad-based talent acquisition and management company, said companies are only willing to hire the brightest brains, “they just don’t want to invest in training”.
The Boston Consulting Group said more than half of India’s graduates lack adequate numerical, verbal, and analytical skills.
Bhupesh Gupta, business manager at CareerNet Consulting, a Bangalore-based recruitment firm, said there has been a 20% drop in companies visiting Tier II and III engineering and management institutes, and a 25% drop in job offers.
“The IITs and IIMs are seeing good placements, but the smaller institutes will have to just wait it out,” says Gupta.
Instead of fretting about the situation, several institutes are introducing training modules to improve the employability quotient of students.
“Today, only the best students stand a chance of bagging a job. Also, since curricula are not dovetailed to industry needs, programmes aimed at improving verbal and analytical abilities and soft skills improves job prospects,” concurs Madan Padaki, CEO and co-founder of MeriTrac Services, a Bangalore-based skills assessment company.
Padaki said institutes are increasingly registering for MeritTrac’s training programmes for engineering and management students, called NAC-Tech and TracSkills MBA.
These programmes aim at improving analytical thinking, domain knowledge and communication skills to bring students on a par with those coming out of top-ranking institutes.
Since September, when the investment banking crises exploded big time, up to November, NAC-Tech has seen about 9,500 students registering.
“We expect another 50,000 students to take it in the coming six months. For TracSkills MBA, four management institutes have already signed up and we expect the number to grow considerably in the coming months,” said Padaki.
TMI’s Sreedhar also has received calls from about eight to nine institutes that want to be a part of its training programme called STEP, which aims at enhancing skills of management students.
“We expect more than 20 institutes to be a part of this six day programme,” says Sreedhar.
Ratan Tata's neighbours share stories of everyday encounters with him, say he was...
Viral video: Internet can't stop gushing over this little girl's breathtaking dance, WATCH
THIS Gautam Adani company's shares are in spotlight as it raises Rs 42000000000 in...
Delhi-NCR's air quality turns 'poor', AQI reaches...
India-Canada row: ‘No action on request to arrest Lawrence Bishnoi gang members’, says MEA
Cyclone Alert: Odisha coast likely to face cyclone next week, IMD issues alert
Noida school horror: Victim's mother reveals 'my daughter was told...'
‘India and Pakistan should bury the past’: Nawaz Sharif after S Jaishankar's visit
'Dil to bachcha hai ji': Rahul Gandhi's heartfelt interaction with kids, WATCH viral video
JEE Main 2025: NTA releases important notice on JEE Main exam pattern
Blow to Mukesh Ambani as Reliance Jio loses 10.9 million subscribers due to...
Joe Biden reacts to Hamas Chief Yahya Sinwar's killing, says 'that obstacle no longer exists but...'
Viral video: Desi girl's sizzling dance to 'Aaj Ki Raat' impresses internet, watch
Watch: Heartwarming video of girl treating slippers like a baby goes viral
Earn Rs 250000000 through THIS NASA challenge: Here’s how you can participate
DNA TV Show: Bahraich murder accused shot in police encounter near Nepal border; 5 held
Good news for Narayana Murthy, Infosys net profit rises to Rs 6,506 crore
Tamannaah Bhatia questioned by ED in Guwahati in money laundering case, details inside
Hamas leader Yahya Sinwar killed in Gaza, Israel PM Netanyahu confirms
UGC NET June 2024 Result DECLARED: NTA announces UGC NET 2024 June exam result online, check here
Did IDF eliminate Yahya Sinwar, or has Martyr been born in Gaza?
Hamas chief Yahya Sinwar among 3 killed by Israel? Israel Defense Forces updates
Kangana Ranaut's Emergency finally cleared by CBFC, new release date...
Here's the film after which Shah Rukh Khan started drinking, his co-stars were Aishwarya Rai and...
Akash Ambani, Shloka Mehta live on 27th floor of Rs 15000 crore Antilia, here's why
Young entrepreneur’s Rahul Sachdeva journey to make foreign education accessible
Is Rajinikanth's Poes Garden home flooded amid Chennai rains? Here's the truth behind viral video
'My family is broken but..': Zeeshan Siddiqui's first reaction to father Baba Siddiqui's death
DNA Auto Award 2024 Has Spoken: Jawa 42 FJ, bringing Neo-classic revolution in Motor Industry
Apple iPad 10th gen vs iPad 9th gen: Should you buy or wait for iPad 11?
Nita Ambani's hairstylist explains why haircuts can't fix damage and offers solutions
Bigg Boss Kannada's Kiccha Sudeepa retires from hosting duties, says 'let's make this season...'
Air India flight from Mumbai transmits emergency signal over London, claims Flight tracker
Elon Musk applauds India's decision: Spectrum allocation favors open access and innovation
BIG UPDATE on IPL auction, Saudi Arabia to host event, will take place on...
Two Bahraich violence accused shot by police in encounter while fleeing to Nepal; 5 held
'I won’t be returning': South African legend bids farewell to Sunrisers Hyderabad ahead of IPL 2025
Indian stargazers spot rare, ancient comet after 80,000 years, see breathtaking pics
'46 all-out new 36 all-out?': Cricket Australia trolls India after batting collapse vs New Zealand
Karwa Chauth 2024: Know the date, timings, history and significance
Mukesh Ambani's Jio superhit 5G plan, offers 90 days validity with unlimited data
IND vs NZ: Virat Kohli equals THIS unwanted record with 9-ball duck against New Zealand in 1st Test
Proba-3: ISRO to launch ESA Solar Eclipse Mission with precision satellites
'Law not blind': Supreme court makes 2 BIG CHANGES, unveils new justice lady and replaced…
J-K: Several CRPF Jawans injured in road accident in Budgam, probe underway
Who is Justice Sanjiv Khanna named CJI Chandrachud's successor, could become next Chief Justice?
Mukesh Ambani's BIG move: Reliance investors to get this DIWALI bonanza, know details here
'Ravan ko kisne maara?' This kid's hilarious answer will leave your in splits, WATCH viral video
Nayab Singh Saini takes oath as Haryana CM in presence of PM Modi, BJP brass
IND vs NZ: India all out for 46 runs, lowest test score at home
Hunter's Moon 2024: NASA drops first glimpse of brightest Supermoon, shares its significance
Meet man, IIT graduate who worked for Indian Railways, then went on to join Elon Musk's...