Investor Presentaiton
IV.8 Building Human Capital
Business perception regarding human capital is rather limited
Entrepreneurs have agreed that the current education system is still behind in
complying with the needs of the competitive economy (-0.68; 61.7%). A number
of factors are found to be improved when compared to the pre-pandemic period
58.3% of respondents somewhat agree that primary education still lags
behind in meeting the needs of a competitive economy (-0.67)
67.1% of respondents perceived that companies are not investing enough
in the training and development of the employees (-0.52) and 62.5% of
respondents have the opinion that companies invest on human capital
expenditure to minimize costs (-0.58)
Further decline is observed in the basic level of education and human
resource development
Moderate improvement has been seen in tertiary education and professional
skill development though it still belongs in the negative zone
49.3% of respondents perceived that tertiary education system somewhat
did not meet the needs of the competitive economy (-0.30). Challenges are
observed in the case of vocational education (-0.21; 50%); non-
vocational education (-0.79; 66.7%)
Curriculum development, improvement of teacher's skill and quality,
orientation with international skill development system, standardization of
national skills under NSQF, more public investment on vocational and non-
vocational institutes are highly essential.
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