Vocationalisation of Higher Education in Commerce: The Need of 21^st Century

Abstract

It has been observed over a period of time that the incidence of unemployment and under employment amongst university graduates is increasing. Registered statistics of Employment Exchanges indicate that the increase in the number of persons seeking employment assistance had been higher in case of educated than the unskilled workers in general, prevailing phenomenon in general and commerce in particular. It is because of the oversupply of the graduates, competition among job seekers and lack of competence among them to have entrepreneurial prospective for generating selfemployment. In particular, employment possibilities of graduates and post-graduates of general subjects have become increasingly limited. Similarly, the education imparted fails to meet the requirements of the employment market. The kind and nature of education that educational institution are imparting education that is not employment oriented and lack vocational approach to give shape to the talent of the youth. Educational institutions are not appropriately equipped to visualize need, objectives and dimensions of education in a precise manner. Higher education in commerce fails to provide appropriate training to have practical application as per aspirations of employment market. Moreover, skill requirements of occupations have undergone drastic change because of vibrations of technological environment.

An attempt is made in the paper to highlight significant concern, issues and major challenges faced by the educational institutions in the higher education of commerce in particular with vocational prospective. The researchers have tried to suggest some urgent revisions and reforms with the said perspective in higher commerce education.