CHANGING ROLE OF SKILL DEVELOPMENT FOR ACCOUNTING CAREER!!!

CHANGING ROLE OF SKILL DEVELOPMENT FOR ACCOUNTING CAREER!!!

18 February 2020

 NOW AND THEN OF ACCOUNTING FIELD

A vast field of accounting has gone through lot many changes in recent past. Since the introduction of GST, the tax rates are getting revised again and again. The ways and mode of filing the taxes has changed and proper book keeping became more crucial throughout the year. These changes resulted in to the steep increase in the requirement of accountants.  A requirement which can only be fulfilled by the commerce stream students. 

PROBLEM ON HAND - A BIG MISMATCH

India is the market leader in the production of fresh graduates with around 30 lacs student getting graduation every year, now with having such large supply of graduate students it should not be the problem for employer to find the accountants. But current market scenario states otherwise, Employers are hunting aggressively to find the accountants and even after spending good amount of time and money not landing up with the suitable candidates.

Also because of rejection from these employers a commerce graduate land up in some basic level job ( in BPO, KPO , data entry or sales) and get stuck there for the longer time , thus cannot shape the career.  So, at one hand we have good number of commerce students looking for the jobs and on the other hand we have employer looking for suitable candidates. Still recruitment is not happening due to the Mismatch in required skill set. As these fresher does not possess the required level of understanding on accounts, book keeping, and taxes, this problem has created a vacuum in the system which finally leads to unemployment.

WAY TO OVERCOME THE SITUATION

Solution to this problem is only one directional, Increase the skill set to the desired level of the employer!!! There lies a skill development institute in Ahmedabad which has enhanced the skill set of 1800+ students and has managed to place them. This institute called Six Sense Skill development provides practical knowledge of accounting, book keeping and taxation. They extend their arms by teaching soft skills like personality development, resume preparation and spoken English. In short making them employable. Bringing the equation to win- win level among employee and employer.
Skill development is the way forward not only for government to curb the unemployment, but also to already employed candidates for their further growth. With everyone winning in this process skill development programs has caught lots of attention in recent past and has got big push from the government. Many big projects are taking place across the nation to enhance the skill set of the unemployed. In this time of uncertainty one can surely say that Skill development institutes are going to stay here for longer!!!