India, Portugal ink pact for recruiting Indian workers

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New Delhi, Sep 8 | The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday approved the signing of an agreement on the recruitment of Indian citizens to work in Portugal.

This agreement would set an institutional mechanism for partnership and cooperation between India and Portugal on sending and accepting Indian workers and a Joint Committee will be set up to follow up the implementation of the same.

This new arrangement will add new destination for Indian migrant workers in an EU member nation, especially in the context of many Indian workers who have returned to India following the Covid-19 pandemic.

“It will provide new opportunities for skilled Indian workers and professionals. With the conclusion of this agreement, Portugal and India will have a formal arrangement for recruitment of Indian workers”, the government said in a statement.

Now the Indian workers would have enhanced job opportunities to work in Portugal and the government to government mechanism will ensure that the movement of workers takes place smoothly with the maximum support from both sides.

During the Covid pandemic, many Indians working abroad have lost their jobs because of the lockdown and Covid-19 protocol and they returned to India.

The services sector dominates the Portuguese economy, with tourism particularly important and there has been an ample job scope for Indians in the telecommunications industry, as well as in property, aerospace and biotechnology.

The capital town Lisbon has developed into a start-up hub in the last few years, with IT having become one of the country’s key growth area.

Casual work is common as the Portuguese economy relies heavily on tourism, resulting in an abundance of teaching English as foreign language posts.

Source: IANS

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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

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