One-third of engineering graduates are worried about timely placements, finds a survey by BridgeLabz, an IP-driven incubation lab that seeks to bridge the skill-gap amongst the existing talent pool of Indian engineers by making them job-ready through experiential learning and focused mentorship. The survey was conducted on almost 1, 000 candidates hailing from different engineering disciplines. The survey finds that 76% of the respondents admitted having an active placement cell in their colleges while the rest claimed otherwise. However, although a majority of students admitted to having active placement cells, only a little more than one-fifth of respondents at 24% have been able to receive a job through them, while a major chunk of students are devoid of any job offers. This implies that a whopping 78. 64% of students do not currently have any job in hand. Against the backdrop of a pandemic-induced economic slowdown, many organisations have either halted their hiring processes or are laying off many employees.
The survey finds that only 26. 96% of respondents are confident of getting placed with a desired pay package against their existing skill set. "The survey has brought to the fore many points. Firstly, not all engineering candidates have the provision of campus placement in their colleges. Secondly, even access to such provisions would not guarantee a job. This could be especially due to the unprecedented pause in hiring processes led by the current economic slowdown. And, last but not least, there is no confidence amongst the job seekers if they will get a job with the desired remunerations shortly, " said Narayan Mahadevan, CEO, BridgeLabz. "Looking at the current situation, there is a need for a stronger skill set that not only ensures a job seeker has an edge in the impending competitive employment market but also helps him/her get the desired pay package that is worth their efforts, " Mahadevan added. BridgeLabz Solutions aims at nurturing engineering talent and ideas in the emerging technology space and has successfully trained and placed over 1, 500 engineers across India through its fellowship programme since its inception in 2016.
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