Bridging India's Skill Gap: Addressing the Employability Challenge
The QuintPeoplefy works closely with Large GCCs and IT Companies for their niche talent needs. According to a 2023 report by the India Skills Report, only 48.7% of the Indian workforce is deemed employable, highlighting a massive gap between education and industry requirements. The report also emphasizes that while India's literacy rate is around 77.7%, literacy does not equate to employability. The manufacturing sector, bolstered by initiatives like Make-in-India, faces a paradoxical situation: there are jobs to be filled, but not enough skilled individuals to fill them. Moreover, as automation and artificial intelligence transform industries, there is an increasing demand for tech-savvy, cognitively adept employees who can adapt to changing roles and environments.