In India, studies have shown that more than 50% of the Indian graduates lack basic employability skills. This means that out of the 5 million + students who graduate every year, very few are fit to be employed. If we look at the condition at a world level, a recent International Labour Organisation (ILO) publication states that 73.4 million young people were estimated to be unemployed in 2015, which is 13.1% youth unemployment rate. This figure is expected to increase in most regions of the world in by the end of 2017.
It has been observed that young people are three times more likely to be unemployed than adults and continuously exposed to low quality jobs, insecure school-to-work transitions and labour market inequalities. Women are more likely to be under-paid and underemployed, and to undertake part-time jobs under temporary contracts.
Education and training are the key determinants of success in the labour market. But unfortunately, existing systems have failed to address the learning need of many young people and surveys of learning outcomes and skills show that a large number of youth have low levels of achievement in basic literacy and numeracy. In India, this problem is caused due to various reasons, some of which are:
- Shortage of good institutions providing quality higher education.
- Lack of flexibility, recognition of prior learning and employer linkages.
- Lack of English knowledge and cognitive skills in students.
Another reason for youth unemployment is structural unemployment, a mismatch between the skills that workers in the economy can offer and the skills demanded of workers by employers. Structural unemployment affects all regions around the world and it impacts not only economies but also hampers the transition to equitable and inclusive societies.
Skills and jobs for youth feature prominently in the 2030 Agenda for Sustainable Development, and SDG target 4.4 calls for a substantial increase in the number of youth and adults who have relevant skills. In order to raise awareness about the importance of youth developing skills, United Nations observes World Youth Skills Day on 15th July every year. It supports the view that everyone should have the opportunity to discover and develop their talents. Through skills individuals, communities, and countries can create a more prosperous future.
Let us know in the comments below, what are the skills that you still want to develop.