YES !!! and that too a big one...since at the end of the day both the entities relish the cake walk of a win-win situation... Surely companies will have the payoff by motivating and educating its employees... One noticeable feature here is the employee gets a live practical demonstration of the actual process,along with the theoritical knowledge.... But like they say the grass is not greener on the other aside always,employees seeking education being employed are in one way vulnerable to the company itself,since there is a possibility that the employee may quit the job and test his/her skills at some high end companies...thus their must be a BOND as well,before taking any such beneficial move...
By
shrikant , MBA/PGDM student, National Institute of Tourism and Hospitality
| 09 01 2010 19:38:57 +0000
Companies are going to be benefited if the employees are more educated. Here the employer must think of long term benefit. In order to achieve the maximum of this education he/she must also increase the employee's workload & designation thereafter so that employee can give his 100% and company will receive 100% benefit. Sometimes in an organisation an employee somewhere seem to be lacking in his work performance and this may be due to his/her thinking him/herself to be less educated and so there performance hampers. So companies must help their employees to increase there knowledge by providing them more opportunities.
By
Sharad Kiyal, Financial Planning Advisor, Aviva Life Insurance
| 12 09 2009 11:51:00 +0000
It makes a lot of sense in allowing studies as dual benefits of 1. Helping them deal with complex issues through studies 2. Improve in morale and motivation 3. If it is a 2 yr or 3 yr course it ensures attrition will not happen during the study period by keeping a clause
By
ajay moolankodan, handling the goa office, air arabia
| 11 13 2009 06:53:10 +0000
I feel it should always be encouraged. Emplyee engagement is a true differentiator in any company. To attract, maintain and retain the talent pool, compensation is not enough. Most of the employees look forward to enrich their career and gain knowledge. In the IT world, especially, an upward income trajectory is not as important as sense of growth/expansion/promising future. Also, an employee who is more competent, educated and enriched by knowledge & is experienced will tackle the higher level of competition more effectively.
By
manjari jha, Soft Skills Trainer, IKC-IHTM
| 11 13 2009 06:34:20 +0000
Yes, I think companies should allow employees to improve their qualifications. This will have two advantages. First, the company will have an employee with possibly better ability to handle his job. Secondly, the employee will also experience better job satisfaction as the company has supported him in his self development. I think it will also enhance loyalty for the company. The only problem is for the employee to handle both: his job as well as his education simultaneously and for the company to ensure that the functioning does not suffer due to the educational pursuits of the employee.
By
Dr. Siddharth Varma, Professor, International Management Institute
| 11 13 2009 05:29:11 +0000
Of course they should. It will help in tapping a fresh talent pool and in retaining employees for a longer period. These days, there is a serious shortage in middle management talent; this segment is close to absent in India currently, as the average age of senior executives across Indian companies drops from the earlier median age of 50 to 35, there is not enough being done to prepare managers adequately. Work-integrated learning will bridge this gap and offers companies an excellent return on investment. Studying for a formal MBA course has provided me with a solid theoretical framework for decisions otherwise taken based on experience
By
Gargi Sinha, Senior Consultant, Hewitt Associates
| 11 12 2009 11:14:14 +0000
|
If Employees are studying under training program of organization then definitely it is upgrading of skills for organization benefit as well as employee. But if companies are allowing employees to study while working they may or may not learn the subjects/studies beneficial for the organization. They can go for higher studies who are looking for change and leave present an organization. Employee may upgrade skills for internal promotion otherwise he may be studying for personal goal not for organizational goal.
By
sagar chandrakant patil, Management Executive, M & M Industries
| 11 17 2009 04:20:51 +0000
I am not against of it. It is good that employees and employers are taking this initiative. But it will be very much challenging for employees to see how they balance this. And in IT industries, attrition is more. One has to see whether this kind of move really pays off or not. I just want to understand from you guys what could be the consequences. Kindly share your thoughts.
By
Nikhil Jain, Senior Consultant, Hewitt Associates
| 11 12 2009 11:17:53 +0000
|