Entrepreneurship Developmentand EmployabilityWith Vermi-Biotechnology

Employment is about getting a job and employability is about having a good mix of skills, competencies, and attitudes to successfully perform on the job. Employability is a necessary attribute; employers look for those skills while recruiting candidates for jobs. The recent education reforms emphasis on the importance of developing employability skills among students by schools and institutions of higher education. Youth unemployment is on the rise across the world. The global unemployment among youth is more than 200 million and is expected to increase to 212 million by 2019. According to International Labor Organization (ILO) estimates, which take into account new labor market entrants, an additional 280 million jobs need to be created to close the global employment gap by the end of this decade. More importantly, a good share (45%) of the additional job seekers in this decade may be in the East and South Asia regions. In India, increasing unemployment of the educated is accompanied by a widening job-skill mismatch and declining labor force participation rates, especially among women. The youth population in India is expected to increase to 350 million by 2022. According to the latest NSSO data, the unemployment rate increases with increasing levels of education till the postgraduate levels of education. The peak point in unemployment rates has been shifted from the secondary level to the university degree level.
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Last Updated on : 20/01/22