Not a college degree, it should be the right certificate! India Inc. is making such strategy for recruitments

College degree or skill, which is more important? India Inc. has been searching for an answer to this question for a long time, as the easy availability of online certification courses is creating new types of candidates. They may not have a college degree, but they do have the right skills for the job.

Faced with a severe shortage of new generation skills, major tech companies are already revamping their talent strategies. For example, IBM India now follows a ‘skill first’ approach, where college degree does not matter.

There is a lot of emphasis on new skills

IBM’s CHRO Nickle LaMoreaux told Moneycontrol, the biggest example of this is Python, a relatively new skill in data science. 20 years ago no one would have achieved it in a degree.

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He said, “Now, why should I care whether you studied Python in IIT or you learned it overnight at home. You just have to have the right skills.”

Where is India Inc.?

Large companies including Tech Mahindra, thyssenkrupp Industrial Solutions, Godrej & Boyce (G&B) and Merck are ready to adopt a variety of strategies where both skill and degree matter as they seek to develop talent for the future.

Harshvendra Soin, Global Chief People Officer and Head, Tech Mahindra, told Moneycontrol, “We have been emphasizing on skill-based hiring in all emerging technologies. For this, the digital first strategy is being adopted in the challenging post-pandemic situation.

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Indian companies are facing shortage of talent

According to data from thinktank ORF, 33 per cent of companies in India need to recruit additional workers due to the introduction of new technologies. However, a report by ManpowerGroup reveals that Indian companies are facing a shortage of talent.

G&B has designed a repository of over 510 external courses as well as over 40 training modules in leadership and functional areas for employees to stay competitive with the industry.

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