Industrial expectations from fresh graduates from premier reputed institutes are increasing day to day. As trends in employment change, new skill sets are recognized and demanded. It is observed in the years that every year lakhs of graduates pass out of the institutes, but not everyone fits into the industry. This creates huge employment gap. Very often people(candidates) remain unprepared to face competitions and hence they miserably fail in finding right employment and startup their respective careers. This study totally considers in throwing light on role of institutions in reducing skill and employment gaps and also the necessary practices initiated by them to put forward excellent practices to impart quality education to our youths which is in par with present industrial expectations.