The IUP Journal of Soft Skills
Employability Skills Required for Functional Areas of Management

Article Details
Pub. Date : Mar, 2019
Product Name : The IUP Journal of Soft Skills
Product Type : Article
Product Code : IJSS21903
Author Name : Rishikesh Krishnaji Nalawade, Dinkar Khashaba More and Sarang Shankar Bhola
Availability : YES
Subject/Domain : Management
Download Format : PDF Format
No. of Pages : 25

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Abstract

Colleges and universities have many stakeholders, including students, parents, employers, public officials and community leaders, as well as the general public that has come to see higher education as both a commodity and a public good. Each stakeholder has their own views on management education, and its implication towards employability and other offerings of it. This study has attempted to understand the perceptions of students, the faculty and employers towards requirement of employability skills with respect to each functional area of management. The study revealed that there is definitely dissimilar priorities of skills and personal qualities requirement with respect to functional areas of management. The perceptions of students, the faculty and employers towards employability skills for entry-level employment are similar in nature in the functional area of Financial Management (FM), whereas they are not uniform in the case of Marketing Management (MM), Human Resource Management (HRM), Production Management (PM), Information Technology (IT) and Systems Management.


Description

Employment is based on the competitiveness in the labor market that either demands individuals to decrease the possibility of losing their jobs or to increase the possibility of getting ones, and to constantly acquire competitive competencies and skills and update previous ones (Dordevic and Milanovic, 2015). Today, 90 million youth across the world are unemployed, forming 47% of the total number of unemployed, and an additional 300 million belong to the “working poor” category—they are in unskilled, insecure jobs and live in poor conditions (Oyebanji Oyelaran-Oyeyinka, 2012).

According to the World Bank and International Monetary Fund projections, India is the world’s fastest growing economy. Employability has become a big hurdle for a developing country like India. India in order to become a superpower need its demographic dividend to be highly skilled and equipped. But various governmental and non-governmental agencies and organizations (Aspiring Minds, 2012; MeritTrac, 2012; and ASSOCHAM, 2016) have studied employability of professional courses and found low employability of students.


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