Joygraphy, a unique start-up that is into individual and organisational wellbeing was launched on recently. The well-tech start-up leverages innovative tech tools and research and data analytics for incisive assessment of real-life situations and comes up with intelligent and smart interventions thus offering practical solutions to any issue that challenges wellbeing.R to L: Abhijit Dabhade, Co-founder and CEO and Dr. Vishal Ghule, Chief Research OfficerAn outcome of about 3 years’ passionate research by Founders Abhijit Dabhade and Dr. Vishal Ghule along with a team of psychologists and business experts, Joygraphy is a totally automated and technology-driven platform. It offers analytical intelligence to individuals and organisations leading to improved productivity through effective conflict-resolution.During the 3-year foundational research, Joygraphy team had mapped 174 human behaviour traits and 414 sub-elements and measured them across 250,000 data points. The research covered parts of Asia, Europe, UK and the US. This massive exercise gave the Joygraphy team insights into 6 key wellbeing areas of day-to-day human life where crises often crop up.”The key wellbeing areas include workplace, career, physical and mental health, emotional issues, relationships and values. We developed these assessment tools based on the standard norms of the American Psychological Association (APA),” said Joygraphy CEO Abhijit Dabhade. “Most real-life problems are the result of conventional choices system of thinking,” he added. Most people are influenced by or are victims of ‘conventional choices system of thinking’ and hence any decision on any issue and the success defined by this system are based on external standards. “Whereas, the most satisfied and happy people are the ones who have followed the internal standards,” asserted Dabhade.”There are many pervasive issues like burnout, work-life balance, mind-body disconnect, relationship crisis, career blues and issues that challenge emotional wellbeing. They can affect individuals and organisations. Our objective is to create awareness both at individual and organizational levels so that there is no conflict,” informed JoygraphyCo-founder and Chief Research Officer, Dr. Vishal Ghule.Joygraphy recently had implemented its Workplace Wellbeing Assessment and Analytics at a leading Mumbai-based HR Consultancy firm, Opportune HR. Dhawni Mehta, Co-founder and Director Opportune HR said the accurate analysis of all key factors shows that the tools are accurate and validated. “We now look forward to interventional workshops from them,”Mehta added.
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