The hospitality industry has faced a significant workforce shortage, with five crore people leaving their jobs in the last three years due to the pandemic. Despite a post-pandemic boom, it seems that most of these employees will not return, indicating a shift towards alternative income sources. Meanwhile, the ITI (Industrial Training Institutes) in Maharashtra has seen a new trend, with 2.6 lakh students applying for 1,51,576 seats across 411 institutes, showing a growing interest in skill-based courses. Among these courses, Electrician stands out as the most preferred, with 1,57,703 applications received.
In this changing landscape of employment, Millennials and Generation-Z are embracing gig-employment, seeking ‘permanent temporary jobs’ that provide flexibility and the ability to work on their own terms. This trend is becoming increasingly popular among the youth, empowering them with academic and skill-based knowledge to navigate through challenging times.
The Role of Technology and AI in Bridging the Staff Crunch
As businesses in the hospitality industry experience a pre-Covid boom, they are struggling to cope with a severe staff crunch. To address this issue, NSE-listed RateGain Travel Technologies Limited is set to play a crucial role by leveraging technology and AI to streamline operations and enhance efficiency.
The Surge in Skill-Based Course Applications
The increasing interest in skill-based courses, particularly in ITIs, is evident from the 2.6 lakh student applications for 1,51,576 seats in Maharashtra. This trend defies traditional notions, as it attracts not only students with good academic records but also those who scored 100% in their 10th-grade exams. The Electrician course, in particular, has seen a staggering 1,57,703 applications, indicating the growing demand for electrical skills.
The Appeal of ‘Permanent Temporary Jobs’
Millennials and Generation-Z are redefining their career aspirations, seeking ‘permanent temporary jobs’ that provide flexibility, freedom, and the ability to take breaks as needed. This mindset is fueled by the desire to work only when money is required and enjoy life to the fullest during other times. Many graduates from this generation are opting for electrical certificate courses, empowering themselves with additional skills to face crises like the Covid pandemic.
Gig-Employment: Not Reckless Risk-Taking but Smart Planning
The gig-economy is gaining popularity among the youth, offering them empowerment through skill-based knowledge. This new trend doesn’t imply reckless risk-taking; instead, it represents a smart choice that allows young individuals to be financially prepared and confident in navigating unforeseen challenges.
Balancing Academics and Gig-Employment
While the allure of gig-employment is strong, it is essential for young individuals to strike a balance between pursuing their passion for gig work and completing their studies. Academic qualifications and skills complement each other, providing a strong foundation for a successful and secure future.
Conclusion
The world of employment is evolving rapidly, and Millennials and Generation-Z are at the forefront of this change. The surge in gig-employment and interest in skill-based courses indicate a shift towards more flexible and empowering career choices. As they embark on this journey, it is crucial for young individuals to recognize the value of both academic qualifications and practical skills, preparing them to thrive in a dynamic and ever-changing job market. So, if you’re a part of this smart generation seeking gig-employment, remember to invest in your education and skills to ensure a bright and stable future.
