Exploring the Key Elements of Skill Development, And Their Impact on Workforce Readiness and Employability

Abstract

This study explores the critical elements of skill development and their impact on workforce readiness and employability in India. Using Structural Equation Modeling (SEM) and a questionnaire survey, data was collected from individuals across various educational and professional backgrounds. The research identifies key factors such as technology, curriculum design, placement opportunities, state government schemes, and sector-specific skills as essential for effective skill development. Findings highlight the importance of incorporating both hard and soft skills in training programs, the role of technology in enhancing learning experiences, and the influence of demographic factors on the perception of curriculum helpfulness and job training. The study underscores the necessity for tailored interventions to address skill gaps, promote continuous learning, and ensure equitable access to educational resources. These insights provide practical implications for educators, policymakers, and employers aiming to foster a more skilled and competitive workforce. By understanding and addressing the diverse needs of learners, stakeholders can enhance employability and support the socioeconomic development of the nation.