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Amid jobs growth debate, IBM boss says, skills more important than degree

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Amid ongoing debate on employment generation, IBM chief has said that the key problem India faces currently is about applicants lacking the required skills, even as tech jobs are available. The other markets too are faced with the typical problem, news agency PTI reported citing Ginni Rometty.

In India, you have the same issues. Open jobs, (but) no matching skillsets, she noted. Similar concerns have been raised by other corporate leaders in the past as well with respect to finding capable candidates in the tech sector.

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You have got to believe in a few different things that I think you believed in the past. One is to believe that skills are perhaps, more important than a degree, the news agency reported her as saying.

A recently leaked media report citing the Periodic Labour Force Survey (PLFS) published by the National Sample Survey Office (NSSO) had said the unemployment rate in India stood at 6.1 per cent in the period of 2017-18, which is a high rate in the last 45 years. The government hasn t still officially published this report that was prepared in the month of December 2018.

Meanwhile, a section of the government is also countering the criticism saying that the real problem plaguing the economy is not jobs but lies in the existing wage structure.

National Skill Development Corporation (NSDC) CEO Manish Kumar had recently said that while the economy is growing at a higher rate, labour is not getting an increased wage, adding that onus is on the private sector to pay better salaries to the workers.