The last 15 years has seen an enormous rise in the number of students acknowledging themselves into engineering colleges, from about 6 lakhs in 2005 to about 25 lakhs in 2015-16. However, the number of jobs has largely stalemated(fallen).
The excellent year for engineers was the pass-out batch of 2006-07 (82% placed) exactly 11 years ago. This was the batch that got into colleges in 2003-2004. At that point, the seats arranged for engineering were almost on an equality with students looking forward to jobs. It was the year when the IT /Software companies were flying high. As the engineering institutions came across success, that’s why they started expanding.
The decrease in job placements hasn’t occurred overnight. The immoderate growth rate of the software industry has fallen down from a huge number from 2006. Almost all the companies are looking forward to greater efficiency. Every company has its own systems and processes taking over, resulting in the fall of manpower requirement.
On the other hand, decreased employment opportunities have cut down the attrition levels drastically — from 30% to 14%. Employees of software companies are no longer challenging. Companies are also accelerating the bar and retain learned to sustain their best employees.
Companies now know about campuses with lasting manpower. They recruit only 40% of their annual requirement and don’t create ‘bench strength’. They are aware that many would be available as and when they want. Recruitment happens whenever it is required. Companies no longer risk a standby staffing or recruited but not adding to the output.
India should take a step forward to solve this imbalance immediately. As a well-developed country, we must work on creating research, encourage a scientific temperament, push academics as a career, and motivate aspirants to study further and aim higher.
The current system from the best engineering colleges in India is very effective, especially from the educational hub Pune.
Most engineers look for a job in a software company after completing their education in deep engineering. In fact, many aspirants who go in for a Master’s are those who haven’t been recruited yet. This has resulted in ‘intake quality’ problems for all our Master’s/Ph.D. programmes.
The situation calls for crucial measures to manage the imbalances — employment, further education, capacity building and so on.
- The most immediate step could be encouraging placement at the Master’s level too. After this, companies will have better-educated aspirants seeking employment.
- We must get back in the past SMEs and MSMEs into the recruitment pools, which has been neglected. They will take up the core engineers.
- As a country, we must also focus on incorporated programmes and to educate our youngsters more. The current engineering education system is generating more aspirants looking for a job. If we were to promote and allow more integrated 5-year Master’s programmes, the best students will study until they finish post-graduation.
Minimum standards for setting up engineering colleges must grow further. Institutions must be given a 5-year time-frame to match those growing standards.
- Motivate research, fellowships at the Master’s level. Determine the best talent at the undergraduate level and direct them to the right way and field.
- The current situation requires a dramatic restructure. We will begin to have more social unrest and less economic activity, under such circumstances.
- We have no right to ‘demographic dividend’ for our students.
As far as today’s concern, engineering industry has a demand for lot of engineers in the market. The world has developed in its entire field and has become more digitalized than past years. There are many Engineering Diploma colleges in Pune which provide many courses with effective and guaranteed studies and also with the job placements in the best companies.
Is the government prepared? Is the government thinking over it? And planning to improve the system?