Demand and supply
India has achieved the production capacity of 1.5 million engineers every year with mammoth 4000 institutes..!!!
Over the last ten years, There is a almost 200 % increment in the intake and pass out of (so called) engineers. Right now, India is producing engineers more than Us and China producing engineers together.
If we connect engineering passouts, employments and GDP linearly. GDP of India has increased 105% over the last 10 year.
So demand is way behind than supply. Engineering boom was not in sync with economy.
Whenever there is more supply than demand, new equilibrium point gives a lower price and higher quantity. And, Yes that happened with the engineering services too. entry-level salary is pathetically low, and has stagnated at that level for the last eight-nine years, though the prices of everything from groceries to vehicle fuel have shot up during the same period. So There are many software developers in Banglore worked for 8000 INR/month which is per with income of taxi driver in city.
In India, A normal Engineering student is pursuing engineering because everybody is doing so and his/her parents also feel the same.
your memorization skills are good, you may cram and score well. But that doesn’t mean that you have the skills the industry is looking for.
The quality of the engineering education India is, well, abysmal. Even many Companies have stated that they are facing difficulties in hiring freshers engineers !! This is a huge problem for majority of the engineering institutes. The graduates are not ready to be productive. Many need half a year to one year of training to give the company some ROI. Industries would definitely want to save as much as possible. They would take the best possible candidates. Well, who won’t.
A report by Aspiring Minds, a research firm, has bought out the obvious fact that Chennai, home to Anna University, one of the largest universities in India with about 400 colleges affiliated to it, has an employability rate of an awful 1%. Even the the state with the highest employability percentage, Delhi, is only at 13%. Bangalore, the so called ‘silicon valley of India’ is at a staggering 3.2%.
National Association of Software and Services Companies’ (NASSCOM) survey of 2011 showcased that India’s $60 billion outsourcing industry is spending almost $1 billion a year training them to be fit for jobs.
How to Change the current Scenario?
Our Indian Indian education system is a closed classroom approach. The teacher comes, starts pouring in information & in many institutes faculty just give notes & asked to refer it before exams. Students are seated all facing the teacher, taking notes, absorbing information as much as they can. Study and write the exams. Pass. Get a degree. This may be makes us good at technical abilities to some extent, but does not make us thinkers. No engineering institute is serious about developing the industrial skills in their students, they have concerns only with institute fees & donations. In such scenarios, students themselves have to step up. Start your homework as soon as you start with 7th Semester, below are the some tips to accelerate your growth as an engineer –
In hiring recent college grads, Jennifer Floren, founder and former CEO of Experience, Inc. noted: “Of all the things employers look for when hiring entry-level talent, it’s the so-called ‘soft skills’ that are valued most: communication, teamwork, flexibility, and positive attitude are by far the most sought-after skills.
Job Search doesn’t means posting your resume on random recruitment website, before posting a resume please go through the background of company & analyze the kind of exposure you will get. The job search is a process and often times a frustrating one. The process involves research, outreach, follow-up, and dogged determination.
Here are a few additional tips that might help recent graduates in searching for that first engineering job –
Keep Your Resume Up to Date
Your resume is a dynamic snapshot of your skills, experience, and professional objectives. It is important to keep it fresh. If you’ve learned a new software program, completed an educational course, or attended an applicable seminar during the time you’ve been searching for a job, be sure to add it to your resume. Depending upon the job you are applying for, you may need to adjust your resume so that your most relevant skills and experience are highlighted. It is imperative to tailor your resume for each job application.
Industry-Oriented Training’s or Short Term Courses
Enroll for job-oriented courses depending on your interest & the industrial requirement. This kind of training gives you the glimpse of actual industrial exposure along with the required soft skills. During our Engineering we come across numbers of subjects, but we don’t know what will be more relevant for industry we want to work with. This courses helps us to get brush up with those topics relevant to our work interest & get us introduce to leading industrial software which we have never heard of during our engineering days.
Network with Colleagues, Family, and Friends
In job searching, “who you know” is truly important. Your business colleagues, family, and friends together know a lot of people. Make sure they all know you are looking for a job and ask for their help, especially referrals to others who may help. Do they have any business contacts that you could connect with to seek advice or gain a referral? Stay in touch with them every few weeks — out of sight is usually out of mind.
Tap into Your Alumni Association
Alumni are a good source of potential job opportunities and typically will go out of their way to help their fellow alumni. Stay active online and join your local chapter. Face-to-face interaction at Chapter meetings is a good way to network. Many alumni form social networking groups on LinkedIn, Facebook, and Twitter. Join the groups and be visible. Introduce yourself to the group and state your job objectives and ask for help.
Work Part Time/Volunteer
What have you been doing since graduation? That question inevitably comes up during an interview. And while searching for a job is a job itself, it’s better to demonstrate that you are active doing other things in addition to seeking a job. Take a part-time job. Even if it isn’t in a related field of interest, it shows that you are energetic. And since you most likely have college loans to start repaying, no one would question the need to generate at least some income. Volunteering for charitable causes is also a good way to demonstrate your drive and enthusiasm. It is also another great way to meet new people and expand your network.
Identify Companies of Interest
Don’t rely on a job falling in your lap. While you may be lucky enough to find an interesting job posting at a company you’d like to work for, it’s more than likely that you’ll have to proactively find a job opening at one of your companies of interest. There are many online resources to help you search, like monster.com and job-hunt.org. Use their tools to help you make a list of companies you would like to work for. Search social networking sites, like LinkedIn, for contacts within these organizations. Alert them to your interests and career objectives. Many will be willing to help or refer you to someone else who might help, and once again, you’ve expanded your network.
Expand Your Opportunities
Unfortunately, you might not be able to land your dream job the first time around. Expand your opportunities by searching companies and positions in adjacent industries. You might also consider contract or temporary opportunities. These will strengthen your experience and sometimes lead to full time positions at the end of the contract.
Don’t Get Discouraged
Easier said than done, but prepare yourself that the job hunt will be a long and often tedious process. Set weekly objectives — i.e. number of applications sent, phone calls, company searches, etc. — and once you’ve accomplished your goals, take some time for yourself.