Skill Knowledge Economic Growth and Social Development VET is training in practical skills, attitudes, acquiring knowledge relating to a job or work. At a time when skills gap is a major concern across the world, investing in VET has never been so important It’s no surprise that governments are waking up to the significant role that Vocational Education and Training (VET) plays in countries’ future.
The UK government has set a target of creating three million apprenticeships over the next five years
• President Obama’s address to Congress in 2009 included vocational education as part of his 2020 education goals
• The South African government plans to increase workplace training, starting with government agencies and departments who will be encouraged to offer workplace training for vocational students
• India has set a goal of up skilling 500 million additional workers by 2022.
More than 54% of India’s total population is below 25 years of age
• By 2022, the US will experience a shortfall of 17 million skilled; in comparison India will have a surplus advantage of 47 million
• While the majority of countries will see a decline in the labor force by 4% over the next two decades, India’s will increase by 32%
• Along with Prime Minister Modi’s pet project Skill India Campaign, India is in a unique position to up skill its workforce at home and provide skilled labor to the rest of the world India and Skill Development.
The need to leverage VET
By ensuring VET as a key pillar of the education system, governments can bridge the skills gaps, boost productivity and increase employment, all of which has a positive impact on society Of 15-24 year olds are involved in an apprenticeship scheme in US Of the labor force have received or are receiving vocational training of any kind in India 6.8%>1%.
Firstly, India needs to focus on implementing the right kind of training techniques and prepare its workforce for employment – both at home, and across the world
• Gross domestic product levels can increase ~3% by 2035 if India improves significantly on skills training
• Introduction of employer engagement through the development of Sector Skills Councils is a positive step; However, more needs to be done to incentivize vocational training and adequately reward workers who have undertaken skills development programs India’s task is cut out.
To fulfil PM’s aspiration of “requisite manpower to all’, developing international partnerships is key to Indian skills policy
• Investing in primary research around VET will create a more compelling case for India as a global HR powerhouse
• Policy decisions to challenge the inherent stigma around vocational education and encourage employer engagement could inspire the young towards VET Skilling in India needs a strategic push.
The ‘National Policy for Skill Development and Entrepreneurship 2015’ has put in place an approach to strengthen the entrepreneurship development scenario in the country
• The plan is competent, quality conscious, market savvy, innovative and all that is required is determined and flawless execution Looking ahead with hope Careful mentoring and supporting of skilling goals will help India will hit the target of skilling 500 million workers by 2022.