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Tag: UpGrad for Business

  • upGrad for Business onboards Work Better to strengthen its enterprise L&D offerings

    upGrad for Business onboards Work Better to strengthen its enterprise L&D offerings

    Mumbai: upGrad for Business, the B2B arm of ed-tech major upGrad, has onboarded Work Better CEO Swapnil Kamat and his team to strengthen its enterprise learning and development offerings. Founded in 2008, the Mumbai-based Work Better is an executive education and training company that specialises in soft skills training, sales training and leadership training.

    “Enterprise L&D is coming of age now. This synergy, hence, is aptly-timed and will fuel upGrad’s ambition of being one of the few Integrated LifeLongLearning Tech Companies in the world, dominating both B2B and B2C space,” commented upGrad co-founder and MD Mayank Kumar.

    As per Technavio Research report, the global soft skills training market has the potential to grow by $14.9 billion by 2024 and is expected to exceed $60.89 billion by 2031, expanding at a CAGR of 12.7 per cent during the period, as per TMR’s study.

    “The rise of multifunctional roles which require new-age subject knowledge is constantly pushing medium and large-sized organisations to re-think their L&D strategies not just for skilling their talent pool but also for retaining them,” stated upGrad For Business president Minaxi Indra. “With the two majors coming together, we look forward to empowering orgranisations with both, market-ready and future-ready skills in order to train their workforce with best of technical, leadership, and managerial varieties for maximum career benefits.”

    According to Citi GPS’ (Global Perspectives & Solutions) September 2021 report, L&D is increasingly being viewed as a strategic investment, and two in three organisations are looking to plug the skills gap through internal upskill and reskill training initiatives.

    “Work Better Training started as a result of our own frustration with corporate training. Having worked with multinationals before our entrepreneurial days, we had been a part of several executive training programs and realised that most of them were theoretical. Hence, we started Work Better Training in an endeavour to make corporate training programs more real, practical and implementable,” said Work Better Training CEO Swapnil Kamat. “Work Better has deep-rooted expertise in soft skills, sales & behaviour training, while upGrad is a leader in technical and hard skills training. With this consolidation, we both can leverage each other’s expertise to add further value & provide holistic solutions to customers.”

  • UpGrad for Business to impact 1mn plus professionals in the workforce

    UpGrad for Business to impact 1mn plus professionals in the workforce

    KOLKATA: Edtech platform UpGrad is all set to add yet another milestone to its credit by impacting additional one million plus professionals in the workforce through its b2b offering, UpGrad for Business. 

    Realising the importance of reskilling and the pace of digital transformation accelerated by Covid2019, companies across various sectors such as PSUs (Power Grid Corporation of India), ITeS (Hewlett Packard Enterprise), manufacturing (Welspun Group), consulting (PwC), analytics (Fractal Analytics), BFSI (HDFC Life Insurance), media (Bennett, Coleman and Company Ltd) and PR (Adfactors PR) among others have chosen upGrad for Business as one of their most trusted learning and development (L&D) partner.

    With industries racing towards being data-driven, organisations seek to have the twin power of data and technology to add to their competitive advantage. Data skills have turned into the single largest skill gap in organisations followed by digital technologies. In order to address these skill gaps, UpGrad for Business has aligned its programs across the critical pillars of data, technology, management and behavioural skills.

    According to a report titled, The Human Impact of Data Literacy by Accenture and Qlik, despite nearly all employees (83 per cent) recognising data as an asset, few are using it for informed decision-making. While 53 per cent of employees trust their decisions more when they are based on data, four in five (80 per cent) still frequently defer to a “gut feeling” rather than data-driven insights when making decisions.

    UpGrad for Business president (head) Minaxi Indra commented, "The UpGrad for Business team is customer-obsessed and takes pride in ‘hyper-contextualising’ learning for our customers. We build industry-relevant case studies based on the customer's industry and their business needs. Our focus on creating a specialist-level workforce makes us a pioneer in the online b2b learning space. We ensure our customer's workforce contributes to their organisational business outcomes by learning from our world-class university partners. UpGrad for Business enables leadership competency building and a future-forward business across entry-level and middle management employees."

    PwC US Advisory director Deepesh Hiran further added, "UpGrad has a very strong brand name from an analytics perspective in the market and a very strong client portfolio. We realised that the maturity of understanding the analytics business and the maturity of the analytics content was reflecting while we were evaluating upGrad as a partner."

    UpGrad for Business aims to build a lifelong learning partnership with firms and organisations to deliver expected and exceptional outcomes. Today, as companies are continuously transforming, the L&D culture is evolving too. Organisations need to adapt their corporate training strategies to keep abreast with the changing business needs. Keeping the speed and scale of digital transformation in mind, UpGrad for Business is focused on delivering measurable business efficiencies for organisations across employee productivity, business profitability and growth.