Is AI a Skillset for Current MBA Graduates? A Recent Survey Says Otherwise

While Artificial Intelligence takes over the global job market, the impact of the evolving technology is yet to hit the MBA job pool. The latest Graduate Management Admission Council (GMAC) Corporate Recruiters Survey has revealed that while AI is not yet a critical skill for current graduates, its importance is expected to skyrocket in the coming years. Currently, AI remains second-to-last among the 22 skills surveyed.

The survey suggesting that AI is not a prevalent skillset among current MBA graduates highlights an important area for potential growth and development within MBA programs. While AI expertise is increasingly valuable in the business world, its integration into traditional business education may still be in progress. Addressing this gap requires concerted efforts from educational institutions, employers, and the graduates themselves to ensure that the future workforce is well-equipped to leverage AI for business success.

India Inc, beware! A wave of resignations is headed your way

As the appraisal season winds to a close, the eventual opening up in the job market in the coming months may see a wave of resignations across corporate India, with many employees looking for change, suggest the findings of a new survey.

Companies may need to adopt more flexible work policies, including remote and hybrid work options, to retain talent.
Causes of the Wave of Resignations

1. Remote Work Preferences: Employees who have adapted to remote work may be unwilling to return to traditional office settings, prompting them to seek opportunities with companies that offer remote or hybrid work models.
2. Better Opportunities: Increased demand for skilled professionals in certain sectors has led to higher salary offers, enticing employees to switch jobs.
3. Desire for Career Change: Some employees are leaving to start their own businesses or freelance careers, inspired by the changing economic landscape.

The wave of resignations represents both a challenge and an opportunity for companies. By understanding the underlying causes and proactively addressing employee needs, businesses can not only mitigate the impact of resignations but also create a more resilient and attractive workplace for current and future employees.

 Salary, career growth main drivers
Salary and career growth are critical drivers of employee satisfaction, retention, and attraction. By offering competitive compensation and clear opportunities for career advancement, employers can create a motivating and fulfilling work environment.

1. Importance of Salary: Competitive compensation can boost motivation and productivity, as employees feel adequately rewarded for their contributions.
2. Importance of Career Growth: Providing career growth opportunities helps retain employees who might otherwise leave in search of advancement elsewhere.
3. Invest in Employee Development: Invest in comprehensive development programs that not only enhance skills but also prepare employees for future leadership roles.

While higher salary (23%) still remains the No. 1 factor prompting employees to look for a change; professionals are increasingly prioritising learning opportunities and skills growth with 21% of the respondents in the survey citing it as a reason to seek a change followed by career advancement at 20%.

 

Naturals Ice Cream founder Raghunandan Kamath passes away

Naturals Ice Cream founder Raghunandan Kamath has passed away, the dessert maker announced in an X (formerly Twitter) post on Sunday.

The X post shared by the handle @Naturalicecream read:

Our thoughts on the sad demise of our patron and founder of Naturals Ice Cream, Late (Shri) Raghunandan Kamath. Indeed a very sad and unfortunate day for us.

 

Our thoughts on the sad demise of our patron and founder of Naturals Ice Cream, Late (Shri) Raghunandan Kamath. Indeed a very sad and unfortunate day for us.

Regards,
The Naturals Family.
Date: 18th May, 2024. pic.twitter.com/6x5guC5ae8

— Natural Ice Cream (@Naturalicecream) May 18, 2024

Meet Woman Who Left Her Home At Young Age Of 15 With Just 300 Rs Now Owns Rs 104 Crore Company

In today’s success story, we will be talking about Chinu Kala, the director of Rubans Accessories. With only Rs 300 and a bag of clothes, Chinu left her home at the tender age of 15 due to family hardships. Despite facing such adversity including spending two nights sleeping at a Mumbai train station she persevered and took on the role of a salesgirl, earning just Rs 20 a day.

Behind every successful woman is a tribe of amazing women supporting her. After all, empowered women empower women. Together, we rise as an unstoppable force, supporting each other's success. As an aspiring entrepreneur, remember this: keep moving, even if you fall back to where you started from, keep moving. After all, the entrepreneurial show must go on.

Got married in 2004
Chinu’s life took a significant turn when she landed a role as a telemarketing executive at Tata Communications in Mumbai. There she crossed paths with her future husband Amit kala who held a MBA degree. They tied the knot in 2004 and with Amit’s expertise and support she honed her entrepreneurial skills. This gave her the confidence to venture into taking big risks.