2. CHAPTER: ONE
Industry Overview
According to the International Labor Organization (ILO,2020), the population of Nepal is
growing fast which is resulting in a young country with 63.7% of the total population are below
30. The unemployment rate of youth age 15-29 is 19.2% compared to 2.7% of the whole
population. The world bank identifies that Nepal’s economy has added 4 million jobs in the past
decade which was published in Nepal Job Diagnostic Report. A large number of youth
populations have opted overseas seeking better opportunities and income. Economic
liberalization has been driven in the early 1990s which has been prioritized in growth and
employment promotion. Nepal has performed poorly in both growth and employment vanward.
The job market is expanding; many people are engaged directly or indirectly in the job market.
Looking at the academic study and the job market reality world, the academic qualification is not
only the factor that gives you full exposure. When you come into the job market everything
seems to be new. This statement insists that the change is needed drastically. There should be
parallelism between theoretical and practical knowledge, this will boost the education as well as
skills that are needed in the industry. In the context of Nepal, theoretical knowledge is given
more preferences than a practical one. It is claimed that the syllabus has been outdated. The
course has been designed effectively and is relatively weak from the practical approaches. This
creates adverse effects in the job market as they possess amateur skills; most of them failed to
deliver in the market. As their profile looks effective but many organizations pointed that they
are not delivering as per their expectation. There is high competition in the market. For a single
job, there will be numerous applicants. It clarifies that there are many unemployed people or
some might be changing their roles.
In the government schools and colleges, they are termed to be producing large numbers of
unemployed graduates due to the poor education environment. Students who graduate from the
government sectors feel completely lost once they enter the industry. It would be significant if
the students of schools and colleges are been taught those skills that are required in the industry.
This will boost their morale and motivation which will further help them for career development.
Students often study the whole night in the previous day to attend exams and they are evaluated
accordingly. This evaluation process is also totally outdated. Many graduates feel they wasted
their time, energy, and money going to college but the degree has not helped them in life to get a
3. job or to do entrepreneurship. The industry craves excellence. They prefer the right people for
the right job but they are not able to find the right people as per requirement. The industries and
academic institutions should collaborate. Many freshers don't understand the market as the high
level of anxiety hits them. Thus, many organizations have been asking educational institutions to
produce such graduates with workforce-ready skills. They want employees with good
communication, teamwork, analytical, and problem-solving skills.
The schools and colleges should focus on developing the soft-skills. This will mainly make
students more expressive and skillful. There are better opportunities in the job market for
graduated students if academic institutions designed the course in such a way that if they made
more engagement of students in training and workshops for their development. This will sharpen
their skills and mindset which enlarge their capabilities so it will be easier for them to compete in
the job market.
Objectives
To get managerial view about job market.
To know the expectation of organization with freshers.
To identify the key competencies company are looking for.
To measure the organization satisfaction with new employee.
Data Collection
The data has been collected by making a different questionnaire. The questionnaire is created in
the google form and is circulated to CEO, Manager and Department head of the various
esteemed organization.
In order to collect the data, Google form was created with 15 sets of questions and questions was
distributed to various leaders of corporate sectors. Total 16 respondents were selected to fill up
the form. The survey will help to analyze overall aspect of job market from employee to
employer.
4. Source of Data
The research was based on the information gathered from both primary and secondary sources
have included qualitative data. Primary data was collected by the interaction with the various
commuters. Whereas, secondary data was collected through various publish journal and website
by using internet.
Limitations of the Study
Lack of previous research studies on the topic.
Time Constraints.
Insufficient sample size for statistical data.
Techniques used to collect the data.
5. CHAPTER: TWO
Observation and Findings
The major findings of the survey are follows:
75% of respondent belongs to private sector and they are holding executive level position
whereas 25% of respondent belongs to government sector and they are holding
managerial position in the company.
None of the executive are satisfied with the new recruitment.
Their organization never gets their vacancy fulfilled on time.
75% of the company hire new staff from their own vacancy announcement where as 25%
of the company hire from the various job portals.
Out of 16 respondent 50% of managers expect positive attitude with the freshers, where
as 25% of managers expect skills and 25% expects all aspects of quality from the freshers
i.e. (knowledge, skills, conductivity, performance, positive attitude, smartness and
ability).
Out of those respondents, working on private company hire Internship from educational
institutions whereas respondent working on government company doesn’t hire Internship
from educational institutions.
Apart from academic knowledge, company wants interpersonal skill, people skill and
technical skill from the freshers.
In order to minimize the gap of job market there must be various training program,
industry exposure and practical approaches aligned with academic courses.
As per the respondents, only 10% - 30% of the candidates have detail knowledge
proficiency about the job.
6. CHAPTER: THREE
Conclusion
Todays corporate business is seeking for the excellent, experienced, and extravagant person
to represent their company in the competitive market. Organizations manager wish to have
their competent staff for the growth and development. In pervious year, when technological
advancement was in its initial stage and the market competition was very less the required
qualities and skills required for the job was also very few. With the advancement in
technology and increasing competition, market is demanding more of the qualitative aspects
on the employee. They are seeking for various sets of skills such as:
Soft skill
Negotiation skill
People skill
Technical skill
Excel knowledge
Communication skill
Presentation skills and many others are seeking by the company at present context.
Understanding the various viewpoint of the working mangers, freshers and new recruitment have
less seriousness about the job and are not much specific about their duties and responsibilities. In
order to minimize the gap on job market the applicants should have to develop the above-
mentioned sets of skills and qualitative aspects. The survey finally suggests that in order to get
the job in present market one need to develop themselves with their unique value preposition i.e.
need to develop certain types of skills that the companies are looking for. Those skills need to be
aligned with their academic career so that they can give their best performance at any level. No
company would invest on employee who are not productive. In order to bridge the gap in job
market one need to be hardworking, dedicated, keen of learning with positive attitude and all in
all needs various skills to help them out for being extravagant.
