We all agree that times are changing. Every generation thinks that ‘when they were young, those were the golden days, the best times’ etc. While, which were the best times may be debatable, what is notable is that today, change is taking place at the fastest pace imaginable. What happened over decades is now scrunched into years. There is a deluge of information. Rapid advances have been made in science and technology which pervade almost all fields even arts. New fields, new options have opened up as never before and the age old arts, science and commerce can longer be the strait-jacketed options.
Sadly, our students, our future are still saddled with age-old curriculum . While several additions have been made to all curricula, deletions are scarce. The emphasis is still on just purging on paper all that is learnt whether the knowledge is relevant, still applicable in today’s times is not important. What is judged is the student’s ability to regurgitate all the input. The general outcome is a generation of youth
burdened with the information but without an idea ( applicability and the relevance of what they have learnt
This youth now enters the industry. Totally unprepare the actual challenges. That is when unlearning start that of new learning begins. Yet the system continues.
GCCI has been trying to highlight this by organ ‘Education-Industry Connects’. To start with the 1 Education Committee organised two such program! year where final year engineering students of presented their ideas to industry representatives. Ma the projects did receive financial and mentoring sup However, our responsibility to our students does note that. As the economy is shifting towards total c transformation, our curriculum needs to be updated 5( students are prepared for new skills and know’ required in the 21 “century.
Internationally, schools and colleges are adapting t( change as more and more students seek more from education than just qualification. They want to chart their career paths , acquire soft skills and gain worth” job experience. They know what they want because the encouraged to think different and to express thems( There, teachers are more mentors than enforce university rule books.
Whereas our curriculum is restricted to theoretical lear outdated laboratory equipment and absence of applied based learning. Primarily, mathematics is where students stumble and an application based approach vl help them understand the relevance of mathematics every day life.
Employers seek employees who are industry ready. means those who can apply their knowledge to the job have a professional approach. On the one hand we face crisis of unemployment and on the other a large percei of graduates we churn out are unemployable. I_ employment is also rampant due to ‘scarce job available Actually, more than scarce jobs, it is the lack of experiences.
skills or knowledge that so many vacancies go unfulfilled. That is the reason that connecting industry to the classroom is so important. If Industry chooses to ignore the students and expects the problem to take care of itself, this will not happen.
There should be a serious partnership between industry and education with the mission to create a population of skilled workforce. The industry could communicate the areas of critical hiring need. An industry-academia committee could be formed to restructure curriculum and to recommend industry training . The responsibility of the institution does not end by awarding degrees to students but by the placements and avenues it can open to them. Internship and apprenticeship should be given utmost importance. Many teachers also dread the prospect of revisiting the syllabus and acquiring new knowledge. Complacency in the new age will only lead to outdated systems. Technology and online training to teachers through various media like skype could be made so that industry can impart virtual training simultaneously to the teachers as well as students.
GST has been a huge change in India’s economy and therefore on the accounting scene. There is a tremendous shortage of trained workforce who can handle GST matters.
This month GCCI in collaboration with I Create organized the Regional Business Plan Competition. Eight premier colleges of Goa including Damodar College, MES College, Fr.Agnel Institute, DMC, Saraswat College, Dempo BBA College and Rosary College participated in the RBPC. The final eight contestants selected made their pitch and presented their business plans. This is another initiative of the Chamber to encourage students to go a little beyond classroom training and learn ways to etch out their own careers.
Education also has positive social consequences . Students no longer want to be restricted to the standard careers engineering, medicine, law, chartered accountancy etc.. There are many opportunities beyond this and we as a society have to encourage our youngsters to explore the new avenues that are opening up. Students are the ultimate stakeholders of learning. We must allow students to communicate, collaborate and prepare them to adapt to new technology.
As an industry body, I request all our members to please extend all help to our students our future. Let us take this as an opportunity for all businesses to solve hiring gaps by partnering with educational institutions and lending them support. After all , all businesses need human resources.
President’s Desk – GCCI Bulletin April 2018
Dear members, I was the Chief Guest at the “Global HR Summit’ organised in Panaji in April. A number of reputed speakers were lined up for the event. I had the fortune to listen to some of them and it was interesting to note the paradigm shift in HR . HR is increasingly using data analytics to study employee behavior and needs. Employee experience is one of the main areas HR will be focusing on in 2018, which will be as important as customer experience. I was surprised to learn that Artificial Intelligence is being used in HR and will play a key role in hiring and identifying employee needs, in their training, engagement, mentoring. Digital disrupters are playing a major role in recruitment, leave-tracking and employee well-being. Greater the use of technology and digitisation in an organization and higher the automation, greater will be the need for constant upskilling and re-skilling of employees. This need not be restricted to one’s own area of expertise but employees will be encouraged to skill themselves in divergent areas. Though AI may lead to a loss of jobs in some areas as jobs in the lower range of skills and complexities are getting […]
President’s Desk – GCCI Bulletin March 2018
Dear Members, The Indian banking system is beleaguered with non-performing assets (NPAs). According to the Reserve Bank of India’s Financial Stability Report of December 2017, the NPAs currently stand at 10.2 per cent of all assets, while stressed assets, which are believed to be NPAs in effect, stand at 12.8 per cent. At the quarter ending December 2017, the bad loans were reported to be around Rupees 8,40,958 crores. But with the Reserve Bank of India (RBI) announcing a complete overhaul of the stressed assets resolution with a strict 180-day deadline, analysts are expecting a spike in the reported NPA levels for some of the large borrowers. The bulk of India’s soured loans are owed to state-run Banks that dominate the banking system. Criminal investigations into some defaults, in which former bank bosses have been arrested, have made today’s managers fearful that bad lending decisions might come back to haunt them. Government has recently announced PSBs reforms agenda for responsive and responsible banking, which encapsulates a synergistic approach for ensuring prudential and clean lending, better customer service, enhanced credit availability, focus on micro, small and medium enterprises and better governance. RBI has eased its NPA recognition criterion for banks for […]