Skill development has taken lead over academic qualifications in the current employment scenario, according to a recent survey.

The survey conducted by Vasitum, a recruitment start-up, and Talerang, an employability and training organisation, showed that many companies now look for individuals who do not just have a bag full of academic qualifications, but rather skills and experience that they bring with them making them work-ready, The Tribune reports quoting IANS.

The survey saw maximum participation from millennials, who are currently employed and received feedback from more than 1,000 people.About 45.5% of the respondents are graduates and 31.8% are employed full-time with various companies, but not necessarily have years of experience. About 14.9% are trained professionals who say that they acquired the necessary skill-sets on the job and not during their education.

“This goes to show the skill gap that the existing education regime needs to address on an urgent basis. Over 86.5% of participants feel that skill development plays an important role in one’s career,” a statement said.