Facing a Layoff: Should I Pursue an MMS in HR to Boost My Career Prospects?

Hi Seniors,

I am working as a technical recruiter in Mumbai and have close to 3 years of experience in the same field. Due to the recession, we are being asked to resign. As the market is not very strong, I am planning to pursue a 2-year full-time MMS program with a specialization in HR instead of looking for a new job. Is this decision of mine correct, and would it impact my future career?

Kindly advise.

Best Regards,
Simna

Hi,

My Suggestions:

You can look for another job and join an HR-related distance learning course from a reputed institute. You can take up weekend programs because the recession has affected all.

We all are facing problems from recession. Maybe after 2 years, the market scenario will be difficult and more complex. If you do a course as well as work, you can learn, earn, and you can also get a higher position after 2 years.

Please drop me an email with your views or if you want to discuss the same.

Simna, I appreciate your decision. When a forest is on fire, no tree is safe (don't mind the exaggeration). Studies are a far better option. But rather than a two-year program, go for a one-year program with specialization in HR. One year because in that much time, we expect the world economy to improve.

-Kane

Hi Simna,

FYI.............

From Ash64 ------------ 2 ------

Hi, kaneage :)

Hope you're doing fine!!!

I will definitely appreciate your good suggestions for Simna. I feel working for 3 years, then going back to college to concentrate will be a little different. During this time, he/she can't earn, and we will be dependent as well. While everyone is facing a recession, just staying in a job would help.

We need to invest in college fees, with no earnings as well. As Simna has only 3 years of experience and a long way to go in her career, she can consider taking up a master's degree or courses.

Hi Simna,

You are very clear in this situation. I would suggest joining an MBA program at a reputable college that conducts campus interviews. If you already have a master's degree, you can also consider pursuing a Ph.D. This decision will surely bring good growth in your career. It's a great decision; go for it, but plan it well. If you have more questions, feel free to ask. Keep rocking!

Hi Simna,

You could join a good B-school for an MBA in HR. I am sure after two years, you will reap the benefits. A distance learning or a part-time program in the initial years of your career does not hold good. What is your background, and how old are you? If you let me know the details, I could advise you better.

Thanks,
Anshumal
anshumaldikshit@yahoo.com

Hi all,

Thank you for your valuable suggestion. Anshumal, I completed my graduation (Bachelor's in Management Studies) in June 2005. I started my career in HR & recruitment in February 2006.

Regards,
Simna

Hi Simna,

I would advise you to consider taking up another job along with a part-time course. With 2-3 years of experience, you can secure a stable job. However, the current job market conditions are unfavorable with a downward trend.

Avoid dedicating all your time to studies. Combining a job with studies presents the best option for you.

Please let me know if you need any further assistance or clarification.

Doing an MBA is not good unless you pursue it from a reputable B-School, recognized not just on paper but in the eyes of Fortune companies. They do not rely on advertisements and promotions from these institutions. Therefore, it is crucial to be cautious about where you choose to study and consider carefully what you hope to achieve from it.

Indian businesses and their HR departments have a long way to go, so it is essential not to focus solely on the present circumstances. While the past has been a prosperous era for India, the future, especially from 2009 onwards, will bring significant changes. This does not imply that there won't be growth, but it will be more structured and organized, unlike rapid, unsustainable growth like mushrooms. It is important to be prudent and envision a future that may not be apparent today.

I would suggest that you explore opportunities with other companies rather than opting for an MMS degree, as you might miss out on gaining 2 years of work experience. Additionally, many companies value hands-on HR experience, which you can also complement with a correspondence course.

Cheers!

Even I would advise you to join a distance course from a reputed organization and simultaneously work a job because after 2 years, getting back into the mainstream would be really difficult. Everything would seem new and different to you. So good luck for your future.

I can understand your problem, but if you are planning for further studies, then don't go for full-time. Instead, go for part-time and try to find a new job for yourself as well. In this way, you will still be in the job market after completing your studies.

I think Ashok is right. You should go for some distance learning program and continue working because you never know what will happen in the coming years. The situation might improve, remain the same, or worsen. Your decision would be fruitful only if market conditions improve. However, it would be a gamble. So, continue your work and enroll yourself in some reputed institute.

Sweta

Hi friends,

I am having a problem. Actually, I have gone for an interview in a company. Normally, I know that the breakup of PF is 15.67% (12% - Employee & 3.67% - Employer), but the interviewer told me that it was 25%. Can anyone help me out with the breakups of PF and ESI?

Thanks