Methodology for Assessing Skill Shortages and Gaps

Methodology for Assessing Skill Shortages and Gaps

In the present era, characterised by an overwhelming pace of technological changes, especially with Artificial Intelligence (AI) likely to come into play in every sector, skilling, reskilling and upskilling will be key to address the changing nature of goods and services in demand. The objective of the present exercise is to evolve a dynamic and flexible methodology which can be applied uniformly across various sectors of the economy to identify skill shortages and skill gaps.

The model is aimed at assessing, anticipating and adapting skills at both national, state and local levels at regular intervals to enable the skilling eco-system to also evolve with technology to ensure the employability of the existing and future workforce.

Several rounds of studies were carried out earlier to assess skill shortages and gaps, but every such exercise was carried out using a different methodology, making it challenging for the policymakers to have a holistic view on the skill demand and supply. Further, while individual sectors are able to make forecasts for their sectors, there are occupations that are in demand across sectors. It is necessary to capture those occupations that cut across sectors.

This document contributes towards developing a uniform and standardised methodology to help assess skill shortage and gaps across sectors.Methodology for Assessing Skill Shortages and Gaps Presentation

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