According to the survey report “Navigating Workplace Turbulence” by BML Munjal University (BMU), employers value adaptability, collaboration and entrepreneurial mindset when it comes to hiring graduates.
The report focuses on “hiring prospects, expectations of new hires, the role of education in maintaining the talent pool”.
“The key finding from the survey is that employers place more value on soft skills and practical experience,” the report said.
According to the report, 45 percent of respondents prioritize “adaptability” as the most important skills universities should consider to instill in their students. They also highlight the need for an entrepreneurial mindset, as well as teamwork and collaboration, to thrive in a changing workforce thanks to Covid-19.
Recruiters are looking for more hands-on experience with candidates, according to the report.
51 percent of HR managers suggested offering more life skills courses in consultation with industry, while 22 percent said that industrial internships should be compulsory.
Effects of Covid-19 on recruitment
These skills are becoming increasingly important as the majority of recruiters are insecure about the economy due to the pandemic. Many leaders have been concerned that the pandemic will have long-term effects, including leading to a prolonged recession.
“This has a direct impact on talent acquisition,” the report said. According to the report, 55 percent of respondents only want to fill essential positions. According to the report, recruiting in the IT, Marketing & Sales and Production / Manufacturing departments should lead to an increase in the number of employees.
Akshay Munjal, President of BML Munjal University, said: “The world is in a process of transformation led by Covid and this will also affect the way we work. In addition to the increased economic, political and social risks for companies in general, the current pandemic has particularly focused on organizational talent and HR-related challenges. It is important to understand how companies can prepare for the future and how talent must be nurtured to achieve this. “
“The increasing focus on training soft skills in education and in the workplace has proven to be the most important for today’s learners,” he added.
“Industry 4.0 is geared towards revolutionizing work space and space work,” said Santanil Dasgupta, director of the career advice and development center at BML Munjal University.
“With a cognitive transformation towards lifelong learning, we can imagine a dynamic workspace that offers opportunities to use new technologies. For employers and employees, this would mean assessing future business trends, aligning their careers with them, and superimposing the fundamentals of how it works with smart technology, ”he added.
The report is based on a survey conducted in July and August 2020. It contained 140 responses from HR managers from large corporations, medium-sized businesses, and startups in metros and mini-metros from Delhi, Haryana, Maharashtra, Tamil Nadu and Karnataka and Telangana among others.