Industry's role in employability
Abstract
Purpose
The world is seeing a large deficit in employable workforce. An employable workforce is developed with appropriate combination of academic and practical skills. Practical skills are better developed with industry intervention rather than in classrooms. Changing trends of economic activity have steadily changed the business thought. The purpose of this paper is to assess the role of industry in developing employability by studying employability from the value chain and “Demand-Supply” of workforce models. The scope is limited to Indian context. This paper is a part of the research on factors influencing employability in India.
Design/methodology/approach
Literature review, expert interviews and authors’ own experiences and understanding.
Findings
It has been found that most of the countries in the world are facing a shortage of skilled and employable workforce. We examined various literature content and studied specific instances in the Industry. The study has shown that in the cases where industry has been actively involved in identifying training needs, the supply of manpower has been adequate. So, it is found that industry's role in employability is crucial and impacts on other macro policies for human development.
Social implications
As this paper is a part of a larger study on “Factors impacting employability in India,” it is of paramount importance to Indian researchers, students and policy makers. The paper and the research are oriented to identifying causes to the problem of employability, so that systemic changes can be identified.
Originality/value
This paper is based on large amount of literature that is existing in various sources. All the literature has been thoroughly read and assimilated. Suitable references have cited and others have been acknowledged. Most importantly this is an original work of the authors and their views.
Keywords
Citation
Iyer, V.M. and Dave, K. (2015), "Industry's role in employability", Industrial and Commercial Training, Vol. 47 No. 3, pp. 151-158. https://doi.org/10.1108/ICT-11-2014-0072
Publisher
:Emerald Group Publishing Limited
Copyright © 2015, Emerald Group Publishing Limited