COMPARATIVE ANALYSIS OF GLOBAL SKILLS REPORT 2020 INDIAN SKILLS REPORT 2020 AND WORLD ECONOMIC FORUM REPORT
Skills reports being interlinked in their analysis seek to attain a better skill ranking index by analyzing the present scenario and current global positioning of countries by highlighting the trends country-wise and globally but there are subtle limitations associated with it.
EXCERPTS FROM GLOBAL SKILLS REPORT
Global Skills Report 2020 elucidates global skill rankings of the countries in the fields of Business, Technology, and Data Science. It portrays that Switzerland, the first rank holder in the 'cutting edge' subdivision in the field of Business while India with 34 ranks is in "Emerging State', in the field of Technology with the rank forty where Russia wins the crown in the "Cutting Edge".Alarmingly India (51 ranks) lags behind in Data science where Russia tops in "Cutting Edge" which reflects cohesion with the Indian Skill Report (2020) Analysis
Highlights on skill index and rankings of world regions describe North America (first in Business and second in Technology and Data science) is potential Global Skill Leader, Europe accompanied by Latin America excels through the Middle East and African regions fall back is clearly evident through mixed combination condition prevailed for Asia Pacific regions with contrast performances of Developed and Developing Economies like Newzealand and India.
The role of telecommunications and crucial skills to eradicate the gap, technology, media and it's the gateway to innovation and growth, manufacturing, insurance and how it is considered to be as "Wave of Future", Importance of healthcare in response to Covid-19, finance and consumer goods, professional services, automotive are mention-worthy which indicates the ways of operationalization of Industries traced through skill domains.
INFERENCES FROM INDIAN SKILLS REPORT
India Skills Reform discusses the transformation and change of job landscape and suggests the impact of demography, globalisation, political, environment and industry in the laborforce as Economy's growth and development can be fostered and reinforced by Government initiatives and up-gradation of technology. The landscape of workforce goes hand in hand with evolving requirements of the industry keeping central theme on supply and demand side of the talent and value chain, employability of student, readiness for jobs and demand preference of Job seekers, implementational and betterment of skilling in India for parents, students, corporates, academia, training, agencies policymakers, portrays the positive contribution of GST providing transparent and corruption-free ecosystem added to the bottom line of large or small businesses.
Apart from that WNET and Students Employability Test is reached out to students thereby analyses cognitive ability, English, behavioral traits, domain knowledge, dimensions of business such as communication, critical thinking, numerical reasoning, learning agility, etc which are considered to be the Supply Side. This Survey highlights manpower planning metrics which are regarded as the Demand side.
The report posits qualitative thoughts, solutions from Industry and Academia. Innumerable new employments are created revising and replacing older jobs facilitated by Government spending on infrastructural development, emerging start-ups, and rising e-commerce. The overview of the aim of this report is to provide a supply of talent and demands from an industry that can analyse gaps in comparison to previous years as well as the readiness of talent pool for new-age jobs, types, and skills that nowadays employers search for.
PARITY BETWEEN GLOBAL SKILLS REPORT AND INDIAN SKILLS REPORT
The report shows parity with Global Skill Index ranking as Employability remains dormant and stagnant for the past three years, MBA holders with a score of 54% are more likely to be employed, Candidates from Maharashtra, Tamil Nadu, and Uttar Pradesh are more likely to get jobs. The figures of Internship seeking people are increasing, though employers are likely to hire but still hiring outlook (2020) has declined, candidates with one to five year of experience are more employable and they are in maximum demand which is applicable for engineers as well as they get hired in maximum times. Domain knowledge, adaptability, positive attitude, learning interest are some traits that jobseeker search for candidates. A poor ratio of gender parity among males and women is portrayed in the report which equals 71:29 and the situation is very alarming hence to remove the barriers and Gaps of Skills.
EFFECTIVE MEASURES TO BE UNDERTAKEN
The report emphasizes several initiatives for the governments to undertake such as a change in policy to showcase labor issues, supporting women workers, promotion of internships, programs,women-friendly initiatives by incentivizing corporates, Revision of Academia curriculum and establishment of institutes for training, simultaneously industries should reskill workforce which should fit requirements of the industry. Colleges can adapt training centers to teach skills to people and establishing equal opportunity for working men and women. Programs like returning mom are mention-worthy. Academia should stress on updating curriculum as per industrial requirements along with improvisation of the education system by up-gradation of infrastructural facilities, labs, research centers, students line up with industry trends and adaptability to the changing work environment in order to attain better skill index ranking to compete and stand with Global Job market it is significant to revise the former talent map and hence internet of things machine learning, artificial intelligence is germinating abruptly. India should encourage more women participation in the workforce being in the top 10 list with the lowest women participation rate in the workforce by breaking all social stereotypical barriers and promoting safety measures, schemes, policies. The report of World Economic Forum revolves around a list of top roles, required skills, emerging employments in sections like Care Economy and certain key factors for instance demand for digital and human intervention, emerging professional groups and highest growth of employment in future. The report focuses on the importance of additional learning and the shift of economic growth deeply impacted the demand for skill-sets and employment.
CONCLUDING REMARKS AND FINDINGS
As concluding remarks it can be noted that though strategies for removing skill gaps were mentioned certain subtle issues like definition and typologies of skills, purpose, and importance of it and even the ways and strategies and implementational mechanization by which improvisation of skills can be done are neglected which can be considered as the limitations as stress is more on ranking and indexing neglecting the factors behind marking.
Coursera Global Skills report 2020
India Skills Reform report 2020