The basic objective of higher education throughout the civilization was to be employable. Graduates are in competition to perform a good figure in the job market while they are there. Higher education and employment is intertwined though for few, it may be different. Higher Education Institutions (HEIs) are also busy to develop ways to make their graduates employable. The performance of HEIs at the end of the day will depend on the success of its graduates to the race of employment. A careful observation of this game will reveal that some are performing this job smartly over others. While some others argue that to win an unhealthy game, HEIs are adopting some short-cut and derailed themselves from the right path. This debate becomes a regular issue. In such a situation, it is felt to conduct a study on employability, activities of HEIs in this regard, and integration among different stakeholders in the market. The paper presents some real life example of developing employability skills within the graduates undertaken by some benchmarking HEIs. The discussion is very much helpful for HEIs, educators, academia and market regulators for managing employability for the betterment of the society. The issue of employability becomes strategic thrust for educators and prioritized issue for regulators. A good management of HEIs will bring inconceivable success is the conclusion drawn in the paper.