Insights

Skill development is key for country to achieve consistence growth. Due to rise of industrialization, the country has produced enough jobs; these jobs can be filled by youth coming out of colleges every year. The industry is witnessing massive shortage of skilled manpower; the shortage is not only impacting the margins of industry but the economy of the country as well. Unemployment can be classified in to two categories; one is, unemployed without qualification. Second is, unemployed with qualification. Both qualified and not qualified segment suffering with massive skill gap. Service and manufacturing sectors creating enough jobs, but providing skilled manpower is biggest challenge for the country. Majority of employment still in informal sector, the employers of informal sector not keen to train existing manpower due to cost involved in training the workers and no guarantee of worker retention with employer once the training is finished. Read More / Download