Corporate houses discuss Graduate Employability framework at FABS
Mumbai - 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 CXOs including HR Heads of Deutsche Bank, Essar Services India Private Limited and 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 and 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 and 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 CXOs to achieve the right balance in terms of managing a large volume of applicants and managing their generational expectations by using the right hiring metrics while hiring young graduates"
As per the, 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 and Member of the Board at Fazlani Altius Business School commented "In today's dynamic corporate environment, it is imperative for the youth to understand and have clarity in terms of their corporate roles and 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 and 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.