S.Korea to extend toughened social distancing rules

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Seoul, Oct 1 | South Korea will maintain toughened social distancing rules across the nation for two more weeks, Prime Minister Kim Boo-kyum announced on Friday, as the country is bracing for a potential surge in new Covid-19 cases.

Under the renewed plan that will go into effect October 4, the greater Seoul area will remain under the toughest social distancing of Level 4, while the rest of the country will be under Level 3, Yonhap News Agency quoted the Prime Minister as saying during an inter-agency meeting on the government’s coronavirus response.

Cafes and restaurants in the capital area will be allowed to operate until 10 p.m., and social gatherings of up to six people will be allowed in the capital area after 6 p.m. if four of them are fully vaccinated.

Kim, however, said rules for weddings, first birthday parties and outdoor sports facilities will be partly revised based around fully vaccinated people amid continued complaints over gathering restrictions.

The aftermath of last week’s Chuseok harvest holiday has worsened the country’s fourth wave of the pandemic, with daily cases remaining over 1,000 for the last 86 days despite strengthened virus curbs to slow down the nationwide spread.

Health authorities have expressed concern about another surge in new cases as two back-to-back extended weekends will likely lead to more travel and fuel even a greater spread of the virus.

National Foundation Day (October 3) and Hangeul Day (October 9), which both fall on Sundays this year, will be observed on the following respective Mondays.

In light of the prolonged pandemic, the government is moving toward adopting a scheme, called “with corona”. under which Covid-19 is treated as an infectious respiratory disease like the seasonal influenza, with eased distancing being implemented.

Kim said authorities are seeking to loosen social distancing rules in a “phased and gradual” order, adding “full-fledged preparations will begin when the rate of fully vaccinated people surpasses 70 per cent later this month”.

The government will also launch a joint private-government committee dedicated for providing support related to the recovery of average, everyday life from the pandemic, according to Kim.

He added authorities will produce a roadmap with an execution plan aimed at the recovery of everyday life by collecting various public opinions.

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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