Graduate employability is an evaluation criterion for not only institutions but also in the states and countries all over the world. The state with better employability rate seems to be socially as well as economically sound than the others. Many researchers have arrived at different models of employability, each focusing on a variety of skills. Though the focus of all researchers is on skill development, the graduates are in ambiguity as to what skills to be developed by them. Cotton (2000) has eased the situation by developing a conceptual framework of employability skills focusing on three major skill sets, namely, basic skills, higher-order thinking skills and affective skills. This paper makes an attempt to test Cotton's (2000) model among the undergraduates of arts and science colleges. The findings reveal that the three skill sets have a positive impact on the employability skills of the students. The study would be of benefit to the graduates in focusing on their skill development and for the institutions in designing their curriculum to bring out more number of employable graduates. [ABSTRACT FROM AUTHOR]