According to the Economic Times, 81% of companies plan to start work-integrated learning programs to improve skills in their workforce. Many people in India lack the skills needed for today’s job market, so work-integrated skill education programs can offer a better future for businesses.

Medhavi Skills University (MSU) is a UGC-recognized university based in Sikkim. It has been named one of the Best Education Brands by the Economic Times. MSU has developed the WISE Model (Work-Integrated Skill-based Higher Education), which provides high-quality training for students and industry partners. 

MSU’s WISE program collaborates with various partners, including training organizations and corporate entities. It is the first university in India to integrate NEP 2020 in an industry-led format.

This blog explains why businesses need WISE to improve the skills of their future workforce.

Top reasons for businesses to partner with WISE:

Forming a partnership with WISE is a smart way for businesses to enhance higher education. Here are some reasons for top businesses to connect with WISE:

• Flexible Learn & Earn model: Employees can pursue higher education while gaining work experience through the Learn & Earn model. This approach provides flexible learning opportunities using industry resources. Unlike traditional universities, MSU has a network of over 200 Medhavi skill academies offering modern training.
• Industry-aligned Training: Businesses should join WISE to help create skill curricula that match current market trends. MSU’s WISE program combines 70% hands-on skill training with 30% theoretical knowledge to connect education with job readiness.
• Sector-specific programs: The WISE program is designed to meet the specific needs of various industries, such as manufacturing, hospitality, fashion, IT, and jewelry.
• Workforce continuity and productivity: WISE allows businesses to find skilled workers and keep them longer.

How WISE helps businesses build a skilled workforce:

According to Forbes, “Partnerships help to grow mutual skill sets and resources focused on a shared goal.” By offering relevant training and degrees combined with work experience, candidates gain advanced education, improved skills, and career opportunities. WISE creates a skilled workforce through collaborative, industry-focused education and practical training that responds to market demands. This integrated model is an ideal approach to aligning education with business needs.

Advantages of WISE for corporate training and development:

MSU’s WISE program provides top-notch training and development opportunities that set it apart from traditional universities. Some advantages of WISE include:

• Apprenticeship-Embedded Degree Program: WISE includes hands-on training as part of the degree program.
• Accredited & Recognized Degree: Employees earn recognized qualifications, enhancing their experience.
• No direct relationship with trainees: Employees in this program are not bound by employment or labor contracts.

Why every company needs WISE for workforce upskilling:

WISE is not just a program; it is transformative across various industries. For example, MSU’s WISE has partnered with Aequs Pvt. Ltd., a leader in the aerospace industry, to offer apprenticeship-embedded degree programs (B.Voc/M.Voc) in aerospace manufacturing. This program allows the upcoming workforce to gain vital hands-on training, making it easier to upskill employees.

Furthermore, WISE collaborates with other partners like ZICA, Om Logistics, Westin, Frameboxx, Holiday Inn, NIF Global, LP Gimsat, IHG, ISGJ, and others, ensuring students acquire the necessary skills for different sectors.

Work-integrated education solutions for modern businesses:

Work-integrated education combines academic learning with skill training. WISE not only benefits students but also supports the Skill India Mission. Here are some benefits of WISE for businesses:

• Low training cost: Businesses can reduce training expenses since employees receive real job experience.
• Compliance with NEP 2020: MSU’s WISE program aligns with the National Education Policy 2020, promoting education led by industry standards.
• Talent pipeline: The WISE model not only provides education but also helps trainers/employees see growth opportunities within a company, encouraging them to stay longer.

Why choose MSU for WISE (Work Integrated Skill-based Higher Education)?

Medhavi Skills University is a UGC and NCVET-recognized skill university. MSU offers the best work-integrated and skill-based higher education programs, which makes a major difference from any other traditional university. It marks the 1st university in India to integrate NEP 2020 in an industry-led education model. Here are many reasons for choosing MSU’s WISE:

• Individuals will get access to higher education programs with experience from UGC-recognized universities.
• With 500+ partners, MSU’s WISE facilitates a faster career advancement program in the industry.
• MSU, in collaboration with ISGJ, provides BBA and MBA programs in Jewelry Design and Manufacturing.
• MSU, in collaboration with The Delhi School of Communication, provides AEDP in Media and Communication. 
• The flexible credit system allows for the accumulation and transfer of previous learning (RPL), providing greater adaptability in learning.

On a conclusive note, it can be concluded that WISE is a testament to offering high-quality skilling programs across different businesses. Companies associated with skill-integrated education initiatives are seen as pioneers in workforce development. Medhavi Skills University’s apprenticeship-embedded degree programs provide an apt blend of theoretical foundation and practical hands-on learning, making the programs offer the best work-integrated learning model in India. So, join WISE today and transform and train your workforce.

• MSU, in collaboration with ISGJ, provides BBA and MBA programs in Jewelry Design and Manufacturing.
• MSU, in collaboration with The Delhi School of Communication, provides AEDP in Media and Communication. 
• The flexible credit system allows for the accumulation and transfer of previous learning (RPL), providing greater adaptability in learning.

On a conclusive note, it can be concluded that WISE is a testament to offering high-quality skilling programs across different businesses. Companies associated with skill-integrated education initiatives are seen as pioneers in workforce development. Medhavi Skills University’s apprenticeship-embedded degree programs provide an apt blend of theoretical foundation and practical hands-on learning, making the programs offer the best work-integrated learning model in India. So, join WISE today and transform and train your workforce.

FAQ

What is WISE, and how does it work for businesses?
WISE (Work-Integrated Skill-Based Higher Education) is a model where businesses collaborate with Medhavi Skills University to provide employees with industry-relevant education while they work, ensuring skill development aligned with industry trends.

What are the benefits of subscribing to WISE for companies?

Companies gain a skilled workforce, reduce training costs, improve employee loyalty, and align education with real-time industry demands, leading to better productivity.

Is WISE suitable for businesses of all sizes?

Yes, WISE is adaptable for startups, SMEs, and large enterprises, offering customized programs that fit different workforce requirements.

How does WISE improve employee productivity and retention?

By integrating education with hands-on work, employees gain relevant skills, feel valued, and see career growth, leading to higher engagement, productivity, and retention.