Skills to employment

Skills to Employment. Presented in Sept 2014 at IETE

1. Skill to Employment Sep 27, 2014

2. Wadhwani Foundation Vision and Mission Accelerating economic development in emerging economies Creating Jobs for Millions India Pakistan, Indonesia, Malaysia USA We achieve high quality, large scale impact by creating opportunity networks and leveraging technology as lynchpins of all our Initiatives

3. ABOUT ROMESH WADHWANI Romesh Wadhwani Successful Silicon Valley Entrepreneur Forbes list of US richest 400 Pledged to give away majority of his wealth Driven to catalyze strategic, large scale, high-impact social change

4. WF Initiatives and 5 Year Goals: Accelerate employability through skill development We revolutionize skill development through use of technology to create millions of highly-skilled knowledge workers, globally Skill and place 5MM in sustainable high-quality jobs Enable large scale job creation through entrepreneurship We inspire, educate, and support first generation entrepreneurs to create millions of jobs Create half a million high-value jobs Impact policies to accelerate India’s & India/US economic activity We impact India’s economic growth and strengthen the India-US relationship through a shared vision and a policy framework for economic acceleration Facilitate policy frameworks and actionable high impact policies in India and across India/US to further economic cooperation. Empower the educated disabled We mainstream the educated disabled into corporate jobs Place 100,000 into mainstream corporate jobs Promote world class research and innovation We propel India towards leadership in innovation by enabling world-class research and industry creation Facilitate and enable world class research at several prestigious Institutes in high-impact areas

5. Looming Skills Challenge 60% of India’s population within working age of 15-59 years Nearly 95% of youth (15-25 years) formally learn a trade in most developed economies vs. only 5% in India ~ 5M drop outs from higher secondary to higher education ~ 12M youths join the workforce annually 10-25% graduates employable Govt. has identified the need to skill 500M people in 10 years 48% of employers claim they have difficulty filling open positions 53% of these employers see lack of skills at entry level Source: NSDC, Census 2011, McKinsey Education to employment report

6. What is the real picture? The Skills Paradox…. Large parts of industry unwilling to differentiate salaries for skills Temptation to keep costs low, given supply…. and not investing in training Productivity from skills training not proven or too patchy Lack of respect and understanding of skills as a career builder Lack of trust in Pvt. Sector jobs… Remain unfulfilled, with limited people to train while crowds line-up for Bank/Railways/Police jobs Mis -match of youth aspirations and employer needs Value of skills not recognized… not realised

7. Potential Vs. Aspirations Source: Skill Gap Studies of NSDC 2013-14

8. Potential Vs. Aspirations Mismatch in Youth aspirations… and industry requirements

9. (C) Wadhwani Foundation 2014 Constraints in Delivery …. And on-ground challenges Many fragmented trainers of uneven quality Risks of migration – cultural barriers, food/accommodation, health support, social basket Model highly dependent on trainers ….. absence of high quality trainers Very informal job market, driven by local knowledge – Insufficient connect with jobs/placements in colleges and rural/semi-urban areas Formal education system largely disconnected from industry and skills… Demographic trends will exacerbate the issues…

10. (C) Wadhwani Foundation 2014 Educators, employers, youth in parallel universe Educators believe 80% students are adequately prepared… while employers and students claim <50% are prepared Outdated curriculum and content Carbureotrs Vs. Mechatronix in Auto Too much training for simple jobs US GAAP for Payables procesing Lack of knowledge and awareness on jobs and careers Youth looking for “Office Jobs” Educators success based on marks vs. placements No tracking of data on alumni, jobs College education (Tier 2-3) woefully inadequate (6% - 10% employable) Lack of mentors, work experience Need for Intensive, frequent collaborations between stakeholders

11. (C) Wadhwani Foundation 2014 Skilling a continuum… not a one-time activity Integrate, adapt best practices and successful models from with formal and industry programs Youth awareness built early during education Credits in schools for vocation streams, NSQF model Skill development integrated in higher education system Community college, B.Voc ., KUSHAL , Integrated in BA/BSc/ Bcom Industry internships/apprenticeships mandatory German Dual education system and learning model Industry endorsed assessments and certifications mapped to career paths and growth Establishment of dynamic Labour Market Information System Vocational integrated with formal education critical

12. (C) Wadhwani Foundation 2014 Innovative, scalable models for impact Khan academy reaches 10mn students per month and 300mn lessons delivered Incentivize Industry to invest in Skills Development Skilling subsidies for Small, Medium and Large Enterprises Move beyond Trainer dependent pedagogies Facilitator-led, Khan-Academy / Wadhwani Foundation “Flipped-classroom” Technology driven learning delivery Synchronous learning, hybrid online/offline content, simulations Strong and vibrant local connects between Institutions and Employers Critical to incentivise new models… doing more of the same will not yield different results!

13. Thank You a [email protected]