1.
How technology drives the self-developing organisation.
A self-developing organisation requires a unified approach
and some smart technology to enable employees to seamlessly follow their growth
paths.
Organisations
need meticulous efforts to remain sustainable and self-developing in this VUCA
world. An organisation that empowers its people to take control of their own
development and career paths is a self-developing organisation in the true
sense. However, this is easier said than done: it requires a unified approach
and smart technology to enable employees to easily find and progress along
their paths for growth.
With the
present-day workforce comprising mostly millennials, who value learning
opportunities, it becomes more important for firms to adopt the practices of
the self-developing organisation. It just requires organisations to create an
open environment where learning and empowerment opportunities are easily
available to anyone.
Only by
leveraging an efficient technology solution can employers provide staff the
right kind of environment to learn and grow independently. To create a
self-developing organisation, firms must help employees understand their
current capabilities as well as the skills required for future advancement.
This means companies need to provide actionable information to workers through
accessible platforms, so that staffs are aware of what they need to accomplish
and what skills and capabilities they need to build to successfully meet their
goals.
2.
New-age learning: Are we ready?
Agile, on-the-go learning needs of
the modern learner are pushing organisations to rethink their learning
strategy, but are organisations really prepared to take the plunge?
Present-day
organisations have been investing hugely in reforming learning initiatives to
suit the modern learner. While the agile, on-the-go learning needs of the
modern learner are pushing organisations to rethink their learning strategy,
not all organisations seem really prepared to take the plunge. Another concern
is, whether the working population or the modern learner, is ready enough to
embrace these contemporary learning methods.
May
be yes, but not completely. This means there are gaps—both on the
organisational front and at the learners’ level— that need to be addressed
carefully. It has now become even more crucial for learning professionals to
analyse and understand the underlying gaps in adopting new-age learning
techniques. The first and the foremost gap that needs bridging is the
perception about the modern learner, especially in the Indian context.
We,
the current working population, have been brought up in an environment where
there were no facilitators, but only teachers. We were taught, not enabled to
independently learn. We attended hour-long lectures on various subjects, taking
back stipulated homework, day after day, until we threw it all up in an
examination that was far from practical learning. On the other hand, the
dynamic workplaces today, treat learning very differently.
3.
What's
the actual ROI of management education
Here are the few options in which SPOC
programs can bring about a professional transformation and put careers on fast
track. With Ivy League schools bringing their world class education to ones
doorstep, all that the aspirants need to do is simply click the right option!
Opting
for a business degree such as MBA requires one to consider various parameters -
ROI (Return on Investment) being one of the key attributes taken into account,
especially by the working professionals with 3-5 years of work experience. This
ROI is measured not just in terms of job placement and compensation, but even
in the context of networking opportunities, industry experts’ participation,
latest course content, hands-on skills and training, etc. In order to achieve a
balanced mix of these factors professionals opt for top B-schools such as IIMs,
ISB, XLRI, etc. However, the recent spike in the tuition fees has further
rendered these institutions out of reach for many aspirants. It is a grim
situation with many forced to opt for tier-2 or lower business schools, particularly
when renowned companies are defaulting on job offers made to even IIM students.
The
following table further presents the ROI scenario in a nutshell by presenting
the expenses of a full-time management program against the part-time online
management program. The data considers various costs of an MBA degree along
with the loss of pay incurred by the working professionals enrolling for a
full-time program:
These
discouraging figures clearly indicate that apart from the loss of pay, working
professionals need to pay almost 20x more for a full-time MBA program from the
top Indian B-school as compared to a part-time online PG diploma program.
These stats might go down well only among the few chosen ones who receive
$100,000 job offers or international placements. However, it is a worrisome
picture for those who end up in the lowest rung of placement, or whose offers
get repealed, or they belong to lower tier schools and didn’t get a placement.
