BridgeLabz solution LLP has surveyed engineering graduates on its platform with regard to their job placement. The latest online survey conducted by India’s IP-driven incubation lab comprised a sample size of close to 1,000 candidates (including 60 per cent boys and 40 per cent girls) hailing from different engineering disciplines. It has revealed some of the major concerns of job seekers.
The survey’s findings reinstate the need to address the skill gap by making engineers ‘job ready’ in our post-pandemic world. 76 per cent of the respondents admitted having an active placement cell in their colleges while the rest claimed otherwise.
The survey noted that although a majority of students admitted to having active placement cells, only a little more than one-fifth of respondents at 24 per cent have been able to receive a job through them. While a major chunk of students is devoid of any job offers. This implies that a majority 78.64 per cent of students do not currently have any job in hand.
According to the survey, 35.48 per cent of engineering job seekers are worried about timely placements. Against the backdrop of pandemic induced economic slowdown, many organizations have either halted their hiring processes or are indulging in mass layoffs. This temporary inaccessibility has added to the woes of fresh engineering graduates in timely securing a position.
Their apprehensions revolve around numerous issues ranging from the desired pay package to the source of the job offer. It is worth highlighting that only 26.96 per cent of respondents are confident of getting placed with the desired pay package against their existing skill-set. The figures reveal the significance of a stronger skill-set backed with experiential learning to boost confidence amongst job seekers.
Speaking on the survey findings, Narayan Mahadevan, CEO, BridgeLabz said, “Firstly, not all engineering candidates have the provision of campus placement in their colleges. Secondly, even access to such provisions could not guarantee a job. This could be especially due to the unprecedented pause in hiring processes led by the current economic slowdown. And, lastly, there is no confidence amongst the job seekers if they will get a job with the desired remunerations shortly.”
“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 gets the desired pay package that is worth their efforts,” Mahadevan added.
BridgeLabz Solutions LLP aims at nurturing engineering ideas in the emerging technology space and has trained and placed over 1,500 engineers across India through its Fellowship Program since its inception in 2016. The company also organizes boot camps to serve as an extension of its efforts towards upskilling India’s engineering talent pool and making them industry-ready, it mentioned in its official release.