MeritTrac launches AceTrac – The Employability Enhancement Program to Complement India’s Skill
Mumbai, 28th July, 2017: MeritTrac Services, India’s premier Testing and Assessment Company has today launched a unique employability enhancement program, ‘AceTrac’, as a solution to positively impact the stagnant employability quotient of the graduates. AceTrac is a comprehensive employability enhancement program that will assess candidates on employability skills at regular intervals during the graduation study of a student. AceTrac provides developmental inputs and detailed feedback to students by benchmarking them against the industry hiring standards and help them prepare better.
MeritTrac has been the pioneer of conducting authentic assessments for corporates, educational institutions and governmental organizations. Over last 17 years, MeritTrac has administered more than 20 million pre-recruitment assessments for over 300 of India’s largest hiring organizations. AceTrac is a culmination of years of industry research, data analysis and interaction with corporates and educational institutions on employability. Based on their feedback, MeritTrac conceptualized a complete program with continuous assessments at its core. AceTrac will allow academic institutions to design personalized, long term training interventions for their students early in their graduation, which is a departure from the current practices.
The problem of employability has been prevalent for a long time in the industry. Several initiatives by stakeholders have at best been either ‘quick fixes’ or disintegrated efforts, offering marginal benefits or leading to higher costs. The fact that employability cannot be improved overnight has been well established and the need for long-term, strategic and fundamental changes in approach is imperative
Mr. Gopal Devanahalli, CEO of MeritTrac Services said, “Numerous education reform initiatives in India have resulted in a surge in the Gross Enrolment Ratio. This coupled with a high number of educated youth and a substantial shift in the job landscape has made the employability and the right kind of employability critical. As a responsible stakeholder, MeritTrac believes that it has an active role to play in making the future of India employable. With its years of experience, MeritTrac has a clear understanding of what the corporates want and the state of talent pool in academic institutions. We believe that AceTrac will complement India’s skill building initiatives by systematically enhancing job-readiness of candidates thereby making them gainfully employable.”
AceTrac is a three-stage program comprising of diagnostic, review and final employability assessments. The diagnostic assessment will assess students in the first or the second year of graduate education and generate personalized feedback on strengths and areas of improvement. The prevailing level of student’s employability is benchmarked against the industry standards. The feedback from the assessment will be used as an input for designing training interventions. In six to twelve months after the diagnostic assessment, the students undergo a review assessment. Their improvement is analyzed and training needs are fine-tuned. The final employability test is undertaken few months before the graduation or the placement season. The continuous assessment, feedback and training guarantees improvement and readiness for workplace.
AceTrac program complements the academic system and assess candidates on key employability parameters – Cognitive Abilities, Communication Skills, Interest and Personality. The design of the test is based on key employability constructs that are typically assessed by corporates for recruitment. AceTrac monitors students’ proficiency and progress in Interactive English, Number Dexterity, Problem Solving and Decision Making. English language communication has been identified as a key requirement by corporates for employability. AceTrac assesses candidates on Written, Spoken and Listening skills in the English language. To add to this, AceTrac also assesses interest and personality which is important for ‘Person-Job’ fitment.
The performance of student communities is hosted on the secure AceTrac platform. The students can access their reports from the platform using their credentials. The institutions get access to detailed analytics based dashboards on student performance and training needs. Authenticated corporate and hiring managers are given free access to the platform from where they can identify employable student groups, communities and colleges. The intuitive search facility will allow corporates to search for employable student communities from specific cities, colleges and for specific skills.
Mr.Nagendran Sundararajan, Executive Vice President of MeritTrac Services said,“Corporates and their recruiters have been looking for a solution that can helpthem recruit job-ready candidates. The educational institutions and the studentcommunity have been looking for solutions that will help them improve theiremployability quotient during their college study. AceTrac has evolved out ofthis market need and MeritTrac’s 17 years of experience in employabilityassessments. Employability is not measured through an arbitrary score, and itvaries from one job to the other. In this context, we believe that moststudents can become employable for varying of jobs and skillsets. What isimportant is to understand the strengths, areas of improvement and interests ofindividual students and help them in becoming employable. The AceTrac platformhas been made intuitive to help corporates identify the employable talent theylook for. We believe AceTrac will immensely help student community to transformthemselves as job and career ready.”