Great Place to Work India and Monster.com – A Partnership that will Determine the Future of Workplace Culture in India

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The voice of the nation is about to be amplified. Resolute in its vision of Making India a Great Place to Work For All™, Great Place to WorkIndia has embarked on a journey of articulating the current state of workplace culture across India. Partnering with the Institute in this bold move is Monster.com, the pioneer of digital recruitment and a leader in the corporate employment sphere.Calling it the National Trust Index, the two organizations will be partnering to gather the voice of employees across India through Great Place to Work India’s proprietary framework and will be publishing the first research report – and India’s first National Trust Index – in early 2022.In their pursuit of redefining workplace culture in India, the two organizations have also launched a one-of-a-kind initiative to help candidates find employers with great workplace cultures. Candidates would now be able to directly search for Great Place to Work-Certified™ organizations on the Monster website. These organizations would also be given a Great Place to Work-Certified™ badge and will have a separate page on the Monster website with openings only from the Great Place to Work-Certified™ companies.Commenting on the partnership, Sekhar Garisa, CEO, Monster.com, said, “We, at Monster are in perpetual pursuit to connect the right people to the right jobs. Even as we offer a wealth of talent on our platform for organizations to tap into, we are committed to ensuring that job seekers too have a transparent and holistic view into the company culture of their prospective employers. In keeping with this thought, we have partnered with Great Place to Work India to highlight such organizations. We are also creating a comprehensive index that showcases the most trusted organizations and helps job seekers make informed career decisions.”Yeshasvini Ramaswamy, CEO, Great Place to Work India said, “This initiative will give India a first-of-its-kind index on workplace culture. The National Trust Index is a barometer that will directly impact decisions at all levels from across organizations to government and industry bodies, leading to a positive shift in the country’s economy. Our vision is to make India a Great Place to Work For All™ and we are determined to ensure that every employee’s voice matters and contributes towards the transformation the country will be witnessing. We are delighted to be partnering with Monster.com in this endeavor and reaching out to the employees across the country through this partnership.” About Monster APAC & Middle East Monster (a Quess Company), the leading online career and recruitment resource, with its cutting-edge technology provides relevant profiles to employers and jobs to jobseekers across industry verticals, experience levels, and geographies. More than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the widest and most sophisticated job seeking, career management, recruitment, and talent management capabilities globally.Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, and a vast array of products and services.To learn more, please visit: www.monsterindia.com.About Great Place to WorkGreat Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions. The Institute serves businesses, non-profits and government agencies in more than 60 countries and has conducted pioneering research on the characteristics of great workplaces for over three decades.Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For AllTM.Learn more at www.greatplacetowork.in and on LinkedIn, Twitter, Facebook and Instagram.

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal