Only 10% graduates become
effective leaders as per CEB Global Research
Corporate
houses discuss Graduate Employability framework at FABS
Mumbai, May 26, 2016 – Indian corporate firms need to have a more informed
approach while hiring the right talent amongst India’s graduate population as
it will continue to remain a major challenge in the coming years as per Dr.
Pearl John, Consulting Director at CEB in a group discussion amongst several
corporate firms held at Fazlani Altius Business School in Mumbai.
Among several corporate CXO’s including HR Heads of
Deutsche Bank, Essar Services India Private Limited & D Mart who attended
this discussion, majority of them indicated that retaining graduates has become
increasingly difficult as they crave for too much variety at the start of their
careers which ultimately leads to restlessness & in turn majority of them
quit within a year of joining.
Dr. Pearl John, Consulting Director at CEB further
added “Considering close to more than 8 million students in India will graduate
in 2016, it presents a great opportunity for Indian companies to engage &
mentor graduates in the right manner to have better employee ROI in the coming
years. In today’s economically volatile environment, it is important for CXO’s
to achieve the right balance in terms of managing a large volume of applicants
& managing their generational expectations by using the right hiring
metrics while hiring young graduates”
As per the CEB survey, nearly 25% of graduates do
not intend to stay in their jobs for longer than a year out of which eventually,
only 10% of the graduates survive in the first job and have the potential to
become an effective leader.
Mr. Ashfaq Ul Ahad, CEO & Member of the Board at
Fazlani Altius Business School commented “In today’s dynamic corporate environment,
it is imperative for the youth to understand & have clarity in terms of their
corporate roles & expectations. As more and more students graduate from
varying backgrounds across colleges in India, the need of the hour while
employing campus recruiting is to ensure that the selection process attracts
the right candidate. Our sole objective at Fazlani Altius Business School
has been to engage & train our students with a relevant industry-academia partnership
to ensure they are skill ready to succeed in the corporate world today. Through
such regular corporate interactions, we strive to continue to address relevant
corporate issues to bridge the current employability gap that exists in the
country today.”
About Fazlani Altius Business School
Fazlani
Altius Business School (FABS) is an academic institution with a revolutionary
blend of corporate interface. FABS has been envisaged, developed and nurtured
with the sole vision of being the link of the corporate / academia world and
aspiring graduates. For more information, go to http://fabsedu.com
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Abhijeet.R
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