In the past three years, India’s tech sector has experienced a mass layoff of 30,000 people and according to a news report, the next two quarters may result in an additional 80,000 to 120,000 people losing their jobs.
Tech companies and start-ups such as Meta, IBM, BYJU, Dell, and Dunzo let go of thousands of employees in January 2023. According to a Business Today report – this wave of layoffs has been linked to the possible recession, over-recruiting during the pandemic, mergers and acquisitions, and general economic decline.
In such circumstances, it’s important to be agile in adopting change. Employees are upskilling so that they can bring more value to their organizations. Improving your skills and abilities is crucial to help you progress in your roles and careers within the company while closing any potential skill gaps.
Peter Drucker, the father of management says, “Knowledge has to be improved, challenged and increased constantly, or it vanishes.” Following this principle, constant knowledge & skill updating is crucial to stay relevant. You need to focus on the skills needed to achieve your goals and continually brush up on your knowledge.
According to a research report – here are a few key upskilling statistics that show how it helped fresh graduates as well as working professionals in India during challenging times;
● 43% of professionals gained career growth in their organisation
● 23% were able to switch to a different career
● 82% of the organization’s Learning & Development budgets are spent on upskilling freshers
● 79% of professionals were planning to upskill in 2022
Business experts believe that Post Graduate Diploma in Management programs are valuable for professionals, as long as the program gives an adequate ROI. Therefore, to level up with powerful industry insights and to move ahead in the coming years, Post Graduate Diploma in Management from the best educational institutes is the need of the hour.
Post Graduate Diploma in Management (PGDM) is a management course designed to provide advanced knowledge and skills required for the modern business world. Here are some of the benefits of pursuing a PGDM.
Why Post Graduate Diploma in Management (PGDM) from MITSDE?
MIT School of Distance Education is one of the most prestigious and preferred institutions for pursuing Post Graduate Diploma in Management as it will not only improve your professional skills and aptitude but also give you a thorough knowledge of the industry from a broader perspective.
Here are some of the benefits of pursuing a Post Graduate Diploma in Management from MITSDE;
Enhance career prospects
A PGDM course provides a platform for individuals to enhance their career prospects by acquiring new skills and knowledge. It helps individuals to become more competitive in the job market and increase their chances of getting hired by top companies.
Specialization
At MITSDE you get to select your specialization according to your interest from a broad avenue of specializations available, such as Information Technology, Human Resource Management, Construction & Project Management, Material Management, Financial Services, Operations Management, Marketing Management, and Finance Management. This helps individuals to focus on their area of interest and acquire in-depth knowledge in that particular field.
Practical exposure
PGDM programs at MITSDE emphasize practical learning by including case studies, group discussions, project work, and internships. It helps individuals to gain practical exposure to the business world and develop skills required for real-life situations.
Networking opportunities
MITSDE’s online management courses offer opportunities for individuals to connect with industry professionals, alumni, and other students. It helps individuals to build a strong professional network and gain insights into the industry.
Leadership skills
PGDM programs focus on developing leadership skills such as decision-making, problem-solving, communication, and teamwork. It helps individuals to become effective leaders and contribute to the growth of their organization.
Soft skills
These courses also focus on soft skills such as communication, corporate ethics and social responsibility. Soft skills are the most sought-after skills by employers.
Affiliation
If the course is provided by any University or a recognized and reputed institute like IIMs, Welingkar, Narsee Monjee Institute of Management or MIT School of Distance Education, the candidate upon completion of the course may get an alumni status of that institute.
Higher salary
A PGDM degree increases the earning potential of individuals. The Graduate Management Admission Council survey states that individuals with a PGDM degree earn higher salaries than those with just a bachelor’s degree. Upskilling gives you assured salary growth.
If you are someone impacted by the current layoffs or fear facing one soon, the good news is – you can relaunch your career with MIT School of Distance Education’s online courses. MITSDE provides dedicated placement services to provide placement opportunities to their students to occupy leadership positions in leading companies.