Tag: Neha Bagaria

Business

Year End Wrap and 2022 Expectations from Brands in India – Healthcare, Biotech, HR & Lifestyle

Dec 24, 2021 by Gouri Achary 0 Comments #Biotech, #Brands in India -, #healthcare, #HR, #LIFESTYLE, #Neha Bagaria, #Rahul Dugar, #Rahul Kumar, #Surendra K Chikara., #Year End Wrap

Mr. Rahul Kumar, Co-Founder- Vital– An Insurtech Platform

Health insurance industry trend in 2021:

2021 has acted as a catalyst for the health insurance industry, adding new perspectives to the sector and increasing the demand amongst consumers. An increased fusion with technology has also led to the transformation of traditional health insurance services.

Responding to the growing demand from people, many private health insurance players have digitized their operations while a whole set of new-age insuretech players have also popped onto the scene. This has enabled the industry to reach a larger customer base and also drastically reduce the response and turnaround time for all the services-related processes, including claims.

There has been a greater focus on customer convenience, thanks to all the physical distancing norms and increased digital consumption on the part of the customers. We have also witnessed an increased awareness and ask for personalized benefits and services, creating the need for a product like ours which addresses every individual’s health and financial needs differently. The importance of tracking a user’s health, both from a business as well as a consumer point of view, has exponentially grown as well to help drive these value-added services.

Expectations from 2022

Health profiling and digitization have been two revolutionary changes in the insurance industry. Technological advancements are only going to propel this further in 2022. Insurance companies are using newer technology like data science, artificial intelligence to fast track their services and offer customized products for the consumer. Consumers are now aware of the ever-growing medical inflation and are on the lookout for affordable healthcare but have no desire to compromise quality or coverage.

Higher and comprehensive health coverage, both hospitalization and otherwise, is going to start taking the spotlight again – thanks to the advent of the new Omicron variant and a third wave apparently looming on the horizon. We are expecting the demand for health insurance to go up amongst both individuals and corporates. Insurance companies have already started focusing on smaller startups and SMEs to offer affordable group health covers, which has incidentally become a key part of the employee experience. Personalization and wellness are already starting to take a centre stage here as well.

On the consumer side, millennials and Gen Z are now aware of the reality of healthcare expenses which would further drive up the demand for health insurance. Add to that the fact that they are also aware of their personal healthcare needs, they will be on the lookout for personalized and holistic health covers like ours which keeps them prepared for both hospitalization and regular healthcare expenses.

Ms. Neha Bagaria, Founder & CEO, JobsForHer

2021 was a recovery period for working women.

Those who were forced to quit their jobs due to the pandemic took charge and made efforts to get back to the workforce by upskilling and keeping up-to-date with current technologies. JobsForHer recorded a three-fold increase in the number of job postings in 2021 from 2020.

Work from home roles has had a positive impact on the working women graph. JobsForHer recorded a more than 50% rise in the number of job postings for wfh roles. WFH also opened up vast opportunities for women from tier 2 and tier 3 cities to pursue their careers from their hometowns.

The IT industry really outshined this year and got serious about its diversity and inclusion goals. Almost 50% of the job postings on the JobsForHer platform were from the IT industry. And at the same time, women in tech users also went up by 21% in 2021.

With an aim to bring more women into tech, every month, 101 women receive 100% scholarships through the HerTech Academy, an initiative sponsored by JobsForHer Foundation.

According to a JobsForHer report, 48% of Indian companies formed special initiatives to bring women back into the workforce. Amazon AWS, Maersk, Airbus, Myntra, Google, GSK, Morgan Stanley, Thoughtworks Vapasi, TVS Motor are a few of the global companies that partnered with JobsForHer in 2021 with their returnee initiatives to encourage and accelerate women’s careers back on track with advanced tech jobs.

With work from home becoming a norm, we’re looking forward to more and more women from across the country updating their resumes and getting the opportunities to keep up with the changing trends in organisations.

Dr. Surendra K Chikara. Founder & CEO, Bione 

The future outlook for D2C genetic tests and microbiome tests is certainly very bright. The human microbiome market is projected to reach USD 1,598 million by 2028 from USD 894 million in 2025, at a CAGR of 21.3% from 2025 to 2028. The world’s consumer genetic testing market was worth USD 70m in 2015 and is expected to rise to $340m (£261m) by 2022. It’s expanded beyond the ancestry sector and into beauty, health and fitness. In the Indian market, awareness is still quite minimal and this needs to be ramped up. But there is a lot of coverage now about the close connection between gut health and overall health and how DNA testing can help recognize the risk of chronic disease.

Rahul Dugar – Co-Founder, Director, Arte’Venue

With the real estate sector returning to its normal state, the home décor and interior décor industry is also gaining a major push. As people buy new homes post the pandemic, they have a renewed interest in decorating their living spaces in a unique way and do not want to compromise on the quality.

According to a report published by researchandmarkets.com, The global market for online home decor is estimated at $98.4 billion in 2020 amid COVID-19 and is projected to a revised rise of $348.3 billion by 2027.

With offline offices resuming and many people relocating to a new city for work, demand for the home décor segment will further grow as people buy more homes. Also, hybrid work culture will continue to stay for some time which will again increase interest among people for home decors like lamps, wall art, artwork, lighting, furniture etc. To create a vibrant workspace for the employee’s many organizations are also investing in artefacts related to interior décor. It is expected that there will be a surge in demand from corporates as well as most of them are resuming offline operations from January or February in 2022.

Business World, News

JobsForHer Announces AccelHERate & DivHERsity Awards 2021…

Feb 24, 2021 by Rekha Nair 0 Comments #Founder and CEO, #JobsForHer, #Neha Bagaria

JobsForHer is hosting India’s biggest B2B conference for companies committed to increasing women’s participation in the Indian workforce on March 5, 2021, from 9.30 am to 6.00 pm.

This invite-only event promises to be bigger as it will be convened virtually and is open to women professionals who wish to understand the changing scenarios in corporate India when it comes to diversity and inclusion.

In keeping with the theme for International Women’s Day this year, #ChooseToChallenge, AccelHERate 2021 will showcase thought leaders from diverse fields, engaging in roundtable discussions and fireside chats, about How Workplaces in India Embraced Change in 2020.

The event will bring together senior leaders such as:

Renuka Ganesh, General Manager, HRD, Biocon Limited

Madhuvanthi Ravi, HR Business Partner, Vice Chair – Global DEI Advisory Board, NextGen Healthcare

Tina Vinod, Head of Diversity, Equity of Inclusion, ThoughtWorks

Sarika Naik, Chief Marketing Officer & Chairperson, Diversity – India, Capgemini Technology Services India Ltd

Satinder Kaur, Senior Manager, Diversity & Inclusion, Capgemini Technology Services India Ltd

Kriti Jain, Associate Director – Employee Experience & Employer Branding, Myntra

Sayan Chatterjee, Director, Human Resources, Beam Suntory

The winners of the DivHERsity Awards 2021 will also be announced to showcase and reward best practices by companies, create benchmarking for gender diversity in India and inspire other companies to embark on their D&I journeys.

More than 300 companies participated in the DivHERsity Awards Survey, and the winners are decided based on their impactful initiatives in D&I, L&D, leadership development, and returnee programs for women.

“As Corporate India recognizes the critical need for increasing women’s participation and performance in the Indian workforce, AccelHERate 2021 will provide companies with actionable insights on achieving their diversity goals,” said Neha Bagaria, Founder and CEO, JobsForHer.

Business World

61% women say upskilling gives them better job opportunities after a career break: Survey

Nov 6, 2020 by Gouri Achary 0 Comments #job opportunities, #JobsForHer, #Neha Bagaria, #Online and Offline courses, #upskilling

Amid the COVID-19 pandemic and its impact on the world of work, the survey was conducted by JobsForHer in association with SPJIMR, to assess the growing need to upskill before getting back to work after a career break. 60% women out of 2000 respondents who took the survey indicated that reskilling / upskilling is the preferred path they would take to restart their career. This is a dramatic increase to the results last year, when only 30% of women indicated that they would prefer to upgrade their skills before they set foot into the workforce again in the same survey conducted in November 2019. The results mirror the stark contrast between working trends before and after the pandemic brought about a sea change in the way corporate India has addressed the impact of the crisis.

Other options in the survey were:
Asking for referrals & recommendations – 44%
Apply to jobs at previous employers – 28%
Networking & career counseling -34%

Indicative of the changing patterns in the professional world, it is imperative that women stay updated with current trends and upskill to acquire relevant skill sets. This would also largely help in ensuring that they get equal opportunities in leadership roles. Women who take a break from their jobs, for whatever reasons, often find it difficult to come back into the corporate leadership pipeline. The primary reason for this is the lack of proper upskilling options available to women that help them bridge the knowledge gap that could appear in the years away from work.

Commenting on the results of the survey, Neha Bagaria, Founder & CEO of JobsForHer, said, “It is time to correct the imbalance in the Indian workforce by enabling women to rejoin the workforce and upskilling is a critical part of that restart journey. It is heartening to see that women returnees have realized the importance of upskilling and that partners are providing customized solutions to meet their needs.”

With more companies now looking at women leadership as a crucial part of diverse teams within the organisation, it’s important to have management programmes that help bring women up to speed and join the corporate workforce.

Online and Offline courses

There is an upsurge in the number of online courses being offered in practically every stream, starting from IT to content writing and marketing to finance and data science. So much so, you can also get a management degree when you plan to return from a career break from prestigious B-Schools in India, like Bharatiya Vidya Bhavan’s SP Jain Institute Of Management And Research (SPJIMR), whose Post Graduate Management Programme for Women is curated specifically for women who wish to upskill themselves and return to the corporate world with confidence.

“Dr. Ashita Aggarwal, Professor of Marketing and Chairperson, PGMPW, says, “Ever since its inception in 2017, more than 100 women have reentered the corporate world after a break. Every year more and more women are wanting to upskill The PGMPW program is one of its kind in the world and gives customized themselves and realize their dream of bouncing back to professional careers, mentorship and training to students” As a platform for women to relaunch their careers, the SPJIMR programme works with the backing of a globally-recognised institution and partnerships with various corporate organisations.

We look forward to having more women start, restart and rise in their careers with plenty of opportunities to upskill and reskill their way into the workforce despite the pandemic.