“Unlocking Success: The Why and What of Employability Skills” is a comprehensive report produced by BW People in collaboration with the Wadhwani Foundation, capturing insights from 30 HR leaders and industry experts across various sectors in India. The report meticulously examines key challenges and opportunities in talent management, focusing on recruiting mid-level talent, enhancing talent retention and progression, evaluating productivity metrics and fostering essential employability skills.
The report begins by dissecting the challenges faced by HR professionals in recruiting fresh and lateral talent for mid-level skill positions. It identifies skill mismatches, the employability gap and limited industry exposure as primary hurdles. To overcome these challenges, the report recommends implementing skill development initiatives, internship programmes and continued learning opportunities.
Moreover, the report delves into enhancing talent retention and progression strategies, highlighting issues like skill mismatches, high attrition rates and leadership pipeline development. To address these challenges, HR leaders are advised to focus on creating inclusive workplace cultures, providing robust career development pathways and implementing effective performance management systems.
Furthermore, the report evaluates productivity metrics and the feasibility of achieving Day 1 productivity for new hires. It identifies factors influencing Day 1 productivity, such as the onboarding process, organisational culture and managerial support. Strategies to enhance employee productivity include establishing clear career pathways, implementing mentorship programmes and promoting continuous learning initiatives.
Lastly, the report underscores the growing importance of soft skills in the 21st-century workplace and identifies key employability skills essential for success. Strategies to foster soft skills among employees include training and development programmes, coaching and mentoring, and promoting collaboration and teamwork.
The report offers valuable insights and actionable recommendations for Indian organisations to enhance their talent management practices, bridge the skills gap and drive long-term success in today’s competitive landscape. By implementing the strategies outlined in this report, organisations can effectively navigate talent challenges and cultivate a skilled workforce capable of thriving in the dynamic business environment of the 21st century.