As per the 2015 Global Risks Report, water crisis, rapid and massive spread of infectious diseases, failure of climate-change adaptation and High structural unemployment are some of the top global risks in terms of likelihood. To counter these risks, we need talent that is trained in innovative ideas as well as understands the needs of emerging nations. While doing so, the talent should take into account the depleting natural resources, environmental changes and economic shifts. “The need of the hour is to have global perspective, social consciousness and courageous leadership that are offered by Welingkar’s business management programs.” says Dr. Uday Salunkhe, Group Director.
On 6th January 2014, Noble Laureate Dr. John Robin Warren was in the town for 102nd Indian Science Congress held at the University of Mumbai. He paid a visit to students at WeSchool (Welingkar) and shared his views for creating excellence in professional pursuits across domains and specializations. Dr. Warren’s decision to meet the young minds of WeSchool was influenced by its Group Director, Dr. Uday Salunkhe.
According to a report by Ernst & Young, India will be amongst the youngest nations in the world by 2030. Naturally, the already existing challenges for Indian Higher Education – Access, Equity and Quality – will only grow with time. In the wake of this situation, how can we significantly transform our education model? asks Uday Salunkhe, Group Director, Welingkar.
Welingkar Institute became a part of PM Modi’s ‘Make In India’ campaign by adopting suburban Matunga Railway Station in a bid to transform it in to ‘world class station with the most modern facilities.’ The other colleges to be a part of this initiative are Ruia and Podar.
“The colleges have come together to adopt the Matunga station for the benefit of thousands of commuting students, people thronging the surrounding business district and local residents of Matunga,” WeSchool Group Director Dr Uday Salunkhe said.
Uday Salunkhe further added that the objective of this project is to think out of box, understand pain-points and use unique ideas to collectively design a better user experience and space management.
“Transforming self-organisation and then society through collective wisdom and creating multiple customised solutions which are inclusive and humane is WeSchool’s connect with the nation’s vision of smart cities,” Uday Salunkhe said.
The idea behind this initiative is to prepare the citizens for future. “Educational institutes must focus on equipping young students with skills to contribute to the national agenda and global business,” Dr. Salunkhe explained.
Some of the best educational institutes are located in Matunga. The student population in the area alone is around 70,000. “Is there a possibility of turning this ecosystem into a student-centric university township that will nurture our global citizen leader?” asks Uday Salunkhe.
He further concludes that a larger role for a great good should be played by academic institutes. This is one the reasons WeSchool has taken the ownership to develop Matunga Station.
Industry experts discussed the significance of emerging discipline of People Analytics and its application in HR space with Mr. Anil Jalali, Executive Director – HR, India Domestic & Area South, IBM as the chief guest.
People analytics is a data-driven approach to manage people at work. It provides an opportunity for HR professionals to become strategic partners in the growth of an organization.
“Living in times of complexity, competitiveness and driven by highly aspirational goals, it is imperative to revisit and rethink our approach towards workforce,” Dr. Anil Rao explained.
People Analytics will help streamline businesses and resolve complex issues. It will boost employee loyalty and give incisive prescience to the managers at workplace.
Global players have used people analytics to handle issues like attrition and employee engagement.
The violent unrest at Maruti Suzuki plant in Manesar was cited as an apt example to explain how people analytics can resolve issues. “The idea is to anticipate people issues that affect the business and act promptly to achieve desired results,” says Dr. Uday Salunkhe, Group Director of Welingkar Institute.
He adds that organizations are still working on means to gain deeper insights on how analytics can drive better people decisions internally.
People analytics calculates the spike of employee engagement against annual profits. AT&T and Google have established the initiative taking traits is a far better metric to gauge an individual on job. Thus, analytics can pave way for more data driven and derived facts instead of theories.
The event served as a platform to listen and share ideas on People Analytics. Industry experts and influencers participated to discuss the journey of people analytics and related challenges and best practices.
“Analysts should be well aligned to business challenges of the organization and use the analysis to address these elements. There is a huge market demand for people analysts. The onus lies on the business schools on how fast and effectively they bridge the gap with appropriately skilled talent,” Dr. Uday Salunkhe concluded on people analytics.
WeSchool students recently visited Sweden to understand the innovation systems under India-Sweden Innovation Accelerator (ISIA) programme. Dr. Uday Salunkhe, Group Director of Welingkar Institute stated, “Our students have gotten exposed to the latest international developments in the fields of renewable energy and a detailed picture of the green energy space in India. Such projects will open new career opportunities for them.”