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What factors to look upon when choosing colleges for management studies?

There are many professional courses in this period, and one of the most talked and mostly opted courses in management studies. This course had originated in the early 20th century after the effects of industrialization. Came into light soon after companies and the industries tried to set up their management in a scientific manner. It helps an individual to learn and practice the ways to manage, lead, command, in a variety of business sectors and internal business portfolios.

A postgraduate programme in enterprise management also known as PGPEM is done with a specialization in a particular field. There are various specializations like Human Resources, Finance, Marketing, Information Technology, etc. This has to be chosen while keeping in mind where and in which field one has the ambition to work in the future. There is no bar of streams chosen in graduation for in case of joining a management study, anyone with a recognized degree can appear for an entrance exam and move forward with a PGPEM.

One has to qualify the entrance exam conducted by various universities for taking admission in PGPEM. There are various exams that are conducted on the National level for admissions in National Universities (IIMs) and various B-Schools. There are competitive exams namely CAT, MAT, CMAT, etc. for IIMs and GMAT which is internationally accepted. Your rank in the exam also plays an important role in choosing the right PGPEM school and specialization.

Specialization is the most important factor while choosing a college for management studies. This factor should always be kept in mind. The college you are willing to join should offer the specialization you are willing to opt for. Like, if a person who is more inclined towards marketing should go into it without any doubt, but it also requires some skills and polish from the professors and trainers. The specialization itself is the main part and the foundation of one’s career. As being given earlier, there are mainly four specializations and there may be more industry-specific specializations in many Institutes and B-Schools like Pharma, Entrepreneurship, Fashion, Digital Marketing, etc. which are more into light these days.

The campus is another important thing that must be taken into consideration while choosing colleges in Andheri or in any other city like Mumbai. Every other college now claims to provide you the best infrastructure and lecture rooms. But one should ensure how good the college is actually is because the campus plays an important role in your psychological and personal development. The campus must have good and comfortable rooms for lectures, soothing sound systems, well-configured computer systems, good internet facility. For people who are planning to go to some other place for studies should also enquire about hostel, food, stores and other basic needs. There should also be good exposure, regular conduct of events, seminars and industry visits, etc.

Student-to-Teacher ratio is one of the basic things which has to be kept in mind while choosing an institution from schooling to post-graduation. Because the concentration of the teacher matters. We always walk on the path which our teachers show us. The role of a teacher/professor doesn’t change even in the higher studies though many may be thinking so. If there is no concentration and attention from the teacher then the student fails to concentrate and cope-up with the subject. If there are few students and a teacher for them then it is easy to interact and know more.

Nothing in this world comes for free and nor is education. Before choosing a college and finalizing it for studies, one should enquire about Fee and allied expenses. Most of the B-Schools charge fees which more than 5-6 Lakhs, which may be unaffordable for some people. And some people may go for education loan and they should plan everything with accord to the fees charged by the institution in which they are planning to study. One should understand the fee structure and loan conditions (if applicable) before proceeding further. The return on investment should also be pondered upon. The fees paid are, in other words, an investment which should be recovered in the near future. The inquiry of the job placements must be done because most of the students of B-schools are ending unemployable or ending up earning 10k-12k per month which is not fair enough.

The clarity in Degree or Diploma certification must be there. There are not many institutions offering PGDEM programs.

The ideal institute should be like the Fazlani academy of business sciences. approved by AICTE & Ministry of HRD (GOI).

It has a good track record of delivering quality education to its students, has expert faculty who can train students to cope-up with the current industry needs. It also has a 100% placement record which is really impressive.

It offers modern computer labs, a spacious library with knowledgeable books on Management studies, various journals, and magazines. It grooms students personally for the future challenges which are to be faced, by improving their soft skills, interaction by various competitions and events. It helps in the improvement of working as a team, doing supervision, enhancing leadership skills and critical thinking. It is India’s only institute which provides placements before admission. Offers four different PGDEM courses such as in marketing, human resource, operations management, and investment banking and securities operations.

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Are you sick and tired of all the employee databases and other human-resource-related documents that you need to update every day? If yes seems to be your answer, then it’s time to invest in human resource management software.

Short for HRMS, this cloud-based tool is everything you need to manage your hiring process and simplify the unit’s activities such as payroll and record keeping.

As a matter of fact, several companies today have switched to this HR platform because of its ability to reduce costs without comprising on efficiency. Such a tool reduces supply costs (i.e. papers) and lowers the expense of printing, handling, delivery, and storage of important documents.

But besides lowering the essential human resource costs, such a tool also automates some of the HR processes. Read on to find out how this HR solution benefits your business in many ways.

Special Functions of This HR Solution

Single Employee Database

Since a human resource management system works under the cloud, all data are transferred, processed and stored electronically.

This functionality can be a substantial benefit for users because every bit of information is efficiently recorded. It eliminates the idea of filing, storing, and documenting HR-related matters the traditional way.

As a result, HR professionals can find data easily, store data without needing a physical space and gain spontaneous insights without skimming through a pile of printed documents.

Swift Recruiting and Onboarding

Recruiting and onboarding are integral parts of human resource management but can be both time-consuming.

Thankfully, HRMS makes these two functions more manageable. It allows HR professionals to place job postings on social media and company websites, as well as filter applicants by qualifications.

Additionally, it provides candidates with detailed information and even gives them the option to submit their resume online via the HRMS service.

Automated Payroll Processing

Apart from swift recruiting and onboarding, this human resource system also enables hassle-free payroll processing.

It integrates employee information with payroll data (i.e. absences and tardiness). This feature spares companies from the trouble of outsourcing payroll needs and gives them more control over payroll information.

With its fully integrated payroll system, users can come up with accurate payroll data as the calculation errors are kept at a minimum.

Individual Employee Portal

Employees like it when they feel they’re part of the equation; this is something that human resource management software can do.

The HR department can rely on HRMS when it comes to boosting employee engagement, thanks to the tool’s employee self-service portal. This function gives employees access to their information.

It lets them view and make changes to their information, submit time-off requests, and communicate with colleagues or HR professionals, among others.

Reduced Paper Clutter

Paper pile reduction is another benefit of a human resource system. The logic behind this is simple; all the records and processes take place in the cloud.

Examples of such paper works that this reliable HR software reduces or eliminates are employment applications, candidate evaluation forms, onboarding checklists, and social security forms.

Simply put, utilising HRMS equates to fewer pieces of paper to print, file, and store, as well as decreased or zero incidences of lost HR documents.

Effortless Scalability

An HRM system also enables business users to enjoy better functionality and effortless scalability.

Since all the human resource processes happen digitally, everything can evolve together with the organisation’s growth. New apps can be added easily, and storage capacity can be increased or decreased, among others.

Companies should take advantage of this feature because it offers human resource professionals a bit of flexibility.

Facilitate Insights

On top of everything, an HR management system helps to facilitate greater and valuable insights.

Such a tool allows HR managers, in particular, to determine issues around the acquisition, payroll, and other processes. It also aids in improving employee performance, forecasting future workforce needs of the organisation and succession planning of the current workforce.

In short, HRMS provides users with the data they need to drive the organisation in the desired direction.

Switch to HR System

Human resource professionals play a pivotal role in an organisation. They were the ones who bring great talents to the company, make sure everyone gets accurate compensation, and manage HR-related information, among others.

To ensure that you give value to these individuals and to their intricate work responsibilities, invest in a human resource management system. You will never regret this decision because it will not only lighten the workload of your valuable assets, but it will also drive better business outcomes.

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