The contribution of industry partnerships has shaped employment opportunities. As per the India Skills Report, India could see up to 90 million jobs by the year 2030. In today’s rapidly evolving era, a work-integrated curriculum is a must to ensure better employee retention.

This blog shares a detailed account of important factors that one needs to know about how the industry partnership is shaping WISE curriculums.

What is WISE?

WISE stands for Work Integrated Skill-Based Higher Education. It is an initiative of Medhavi Skills University to offer skill-based education and new-age training to students. This collaborative curriculum design actively involves industry partners in implementing real-world education. 

Some of the prominent industry partners are Aditya Birla Group, Reliance Retail, B4M, IHG, Apollo Hospital, Frameboxx, and Om Logistics, to name a few. In addition to this, MSU’s WISE has different partners such as Government agencies, staffing partners, training institutions, and others. With MSU’s WISE, partners can co-create a curriculum to enhance talent management. WISE programs have several benefits, which includes : 

• Practical exposure
• Industry preparedness 
• Certification courses 
• New-age Education model 

Talent acquisition strategies

The WISE curriculum combines 70% of the skilling approach for enforcing industry and academic collaboration. This skilling curriculum engages individuals in, on-the-job training and apprenticeship programs. It ensures a pool of skilled professionals to train in real-world business through apprenticeship programs. Practical exposure is the main part of the curriculum along with a 30% theoretical foundation; thus, students can acquire industry-relevant skills. This strategy of curriculum prepares students for immediate employment. 

Retention solutions for companies

Not only attracting talent, retaining skilled talent is equally important. MSU’s WISE provides degrees with work experience through the WISE curriculum. It enables students to “Learn and Earn” by offering industry-recognized certifications. To retain talents, MSU leveraged a network of 200+ Medhavi Skill Academies across India for initial training. 

Through this retention program, the companies can benefit from:

• Lower turnover rates due to opportunities 
• WISE curriculum leads to improved productivity. 

WISE for Talent Management

For instance, Medhavi Skills University’s WISE initiative has a partnership with Aequs Pvt. Ltd. With Aequs, MSU has designed a cutting-edge apprenticeship-embedded degree program (B.Voc/M.Voc) in Aerospace Manufacturing Technology. Under the WISE initiative, this skill assessment program allows young talents to get continuous development. This partnership stands as a model for integrating education with practical skills, building future workforce competencies in the aerospace sector.

Strategic Hiring with WISE

The WISE approach enables organizations to hire the right people for the right post. The WISE curriculum aligns education with real-world programs to offer job-ready skills to the future workforce. The WISE model thrives on the feedback from industry partners to create a dynamic experience. In order to meet skill shortages, this is a major employer input in education programs. It has a positive impact on the reduction of recruitment costs by hiring trained professionals. 

Employee Retention Programs

The WISE curriculum is specifically curated for upskilling and boosting retention. Partners implement industry-driven education models with MSU-approved qualifications such as diploma programs. By embedding real-world challenges into retention programs, UGC-recognized MSU enables employee retention programs by offering. 

• Degree with work experience: A monthly expense can be provided to the students along with education to encourage practice-based learning. 
• Talent pipeline: Partners with MSU create benefits for employees to nurture the company's talent because of skill certifications. The WISE curriculums of MSU are in line with the National Education Policy 2020 and NCrF to offer  “Learn and Earn” opportunities.
• Personalized curriculum: WISE programs are available in personalized aspects in co-creation with industry partners to equip them in relevant fields. It helps to meet the industry requirements and gain professional excellence, which is what employees are seeking.

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, 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 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 has designed an apprenticeship-embedded model to provide skill training to learners. 
• 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.

The WISE curriculum exemplifies the power of collaboration between industry and academia by involving partners in curriculum design. MSU’s partners such as DCS, ISGJ, NIF Global, and others have co-created curricula to nurture talent acquisition. Partners work with educators to create a dynamic learning environment through real-time job experience and state-of-the-art training centers. To meet the demand of Industry 4.0, MSU WISE’s collaboration approach offers specialized skill development. It can be said that the WISE curriculum is a testament to the transformation of higher education.

FAQ

What is WISE, and how does it collaborate with industry partners?

Work Integrated Skill-based Higher Education (WISE) is Medhavi Skills University’s initiative designed to align academia with industry.

WISE collaborates with industry partners in several ways, which are the following:

On-the-job Training: Individuals work in On-the-job training as trainees and apprentices to get advanced education. 

Earn while you learn: WISE programs offer students with stipends, making education accessible. 

Apprenticeship degree embedded program: This AEDP model enhances job readiness through earning a degree while you are learning. 

How do industry partners shape WISE curriculums?

Industry partners are shaping the WISE curriculum by designing cutting-edge courses, customized curricula, and flexible learning modules. Partners shape the WISE curriculum by aligning industry and academia together. To meet the skill gap, this co-creation of curriculum assures higher employability. MSU’s WISE is in collaboration with industry leaders to design WISE curriculums. 

What are the benefits of co-creating curriculums for businesses?

There are different benefits of co-creating curriculums for business which are a strong industry-ready workforce, Government certifications, employer branding, talent pipeline, and others. 

Which industries collaborate with WISE?

Under this WISE initiative, there are different partners which are Animation & Visual Effects, the Hospitality industry, the aerospace industry, the fashion industry, the jewelry industry, information technology,  and others. For instance, MSU is in partnership with Polaris School of Technology, DBI, Zica, CRPF, and others.