Tag Archive: employment


When do you see the need of planning finances as an ENGINEER?

As a student, though your parents may make major efforts to pay your college fees, you as a student would have to plan your finances. Right from paying for a paid seat in college vs a free seat to funding your fresher party ticket amount, your parents take care of it. The accepted culture in this aspect is ironical. When parents face this task of spending money, they crib yet pay for their children. Once it is paid somewhere a false ego of parents bloats and the act of paying for such merry gets justified. This note is for parents and students who want to state a difference and are ready to approach finances practically.

  1. Personal finances: Planning personal finances at college seems next to impossible. When we inspect into the money we spend on various things and prepare a log of it, we understand how much mismanagement of money takes place. Especially in urban India, youth are not introduced into the habit of recording expenses. However, inculcating this habit would prove purposeful and useful in your career days.
  2. Further education: The herd trend among engineers in India is that, after their engineering course, students either tend to pursue MS in a foreign country or get into a job. Irrespective of, whether you are following this trend or not, you need to plan your finances for further education which could masters in science, MBA or PhD as you proceed in life.
  3. Your future and Career: Most students who step out as engineers engage is different worlds and turn out to be something fascinating. Youth at this juncture are seeing dreams with eyes wide open. To fulfill these dreams you need to get into the habit of financial planning.
  4. Contingencies may manifest in any form. Sometimes they are harsh to handle. Spare some money aside to handle them boldly.

For your career, at a later time, you will feel that your world has expanded. You need more to survive. You opt to join a job to accomplish many personal aspirations as well as those coined with your family’s aspirations.

  1. Career learning: As you start your career, you would realize that the skill sets acquired at college are not enough for you to excel. With this realizations starts your second round of learning. This includes certification courses, management programmes and other professional courses. This again demands money.
  2. Living: In Indian culture children and parents are together irrespective of age. Now the trend has set in where girls and boys are building their mini forts by staying on their own to pursue their career in different cities. With this you become the owner of your life, which means you will have to pay for your living expenses like food, water, utilities, telephone and so on.
  3. Your family: One fine day you have to take complete responsibility of your family and that is the day you will be proud that this article prepared you to plan your finances. You family will demand your presence as well as your material assets. So watch out and preparing from today.

HAPPY FINANCIAL PLANNING!

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The 100 Best Jobs – 2013

Courtesy: US News

All jobs aren’t created equal. In fact, some are simply better than the rest. U.S. News 100 Best Jobs of 2013 are the occupations that offer a mosaic of employment opportunity, good salary, manageable work-life balance, and job security. Some careers offer just the right mix of these components—for instance, our top tier is filled with tech and healthcare jobs—but the list also includes strong showings from occupations in the social services and business sectors. Even construction jobs enter the fray this year. Read more on how we rank the best jobs, and check out our full list.

Read further:

http://money.usnews.com/careers/best-jobs/rankings/the-100-best-jobs

Does a COLLEGE DEGREE define me?

Before we elaborate on this topic to understand whether or not a college degree can define a person, let us understand the purpose of both ‘a college‘ and ‘a degree‘.

A college as an educational institution has been established to impart specialized knowledge and skills and to educate the students in a holistically, to excel in a stream of study. A degree is further used to certify the level of skill sets and knowledge a student has acquired during the course duration in a college. The question to be answered here is, ” does the purpose to study in a college and acquire a degree, sustain even today?”.

Candidates who are prospective employees in an industry are evaluated by the degree they carry on paper and not what the person is really capable of. To beat this inefficient evaluation method, recruiters are constantly on an innovation spree trying to realize ‘THE CANDIDATE’ for their company.

Here is how the evolution took place.

  • Employment Exchange
  • Newspaper ads – Interview – Placement
  • Referrals – Certificationscreening – Interview – Placement
  • Online recruitment portal screening – Recruitment drives – Interview – Placement
  • Social media recruitment screening – Interview – Placement
  • Online & Offline Networking – Engaging with potential candidates – Being proactive for screening – Inviting candidates (Interview) – Placement

We can also see a parallel trend evolving which is – catching them young. Recruitment firms are now in a neck tight competition to engage with students and strike a relationship for a long term association. In India this trend is interestingly upside-down. We all know the potential is at the Bottom of the Pyramid but industry and institutions, who are pretty much the organized sector, are  not attempting to reach the potential from bottom. Catch them younger to beat the heat.

Why is this not happening?

This is not happening because the labour force at the bottom are large, huge in magnitude and number. This is impeding efforts to reach and make them a part of the organized sector. What is the way to make it happen? The answer to it is, ” COLLABORATION OF INDUSTRY, GOVERNMENT AND ABODES OF EDUCATION FOR SKILL ENHANCEMENT AND ATTITUDINAL SHIFTS”

When such a congregation is possible with smart execution, India will deliver anything and everything with finesse and perfection and build a new age.

Does a College Degree define me?

The answer to this questions still remains abstract. After engaging with the thoughts above, a person might be influenced to say ” A college degree does not define me.” It definitely can’t define or judge a person, but it should be considered as a valuable and authentic instrument to understand the potential of a candidate. Again, people who use a College Degree as the only instrument to evaluate will encounter fallacies in their judgement. It could be used as one of the parameters to understand the abilities and anticipate potential of a candidate.

For students who are scrambling to get a degree may find this thought process useful.

Alumni Power

Should universities utilize alumni more for career development for current students? Alumni is a great resource to be used to connect with the students of a college. The students who have passed out of college, step on their journey of discovery while settling in different careers.

How can Alumni be used for the benefit of students?

Case study: Some of the students from alumni would be able to help by sharing the ongoing industry stories and provide a great bank of case studies.

Industry exposure: Colleges can build tie-ups with the companies in which alumni are associated with. Students could be provided first hand experience of the pertinent industry updates and trends.Alumni Power

Guest Lectures: Colleges scramble for speakers. Alumni settled in good jobs could be invited as  speakers for guest lectures and college events.

Internships: Access to companies where alumni is placed is easier versus a new company. Such access could be used to generate more fruitful and well designed internships.

Mentoring: As mentioned earlier alumni could be a capable source to provide industry exposure. Hence, some of the alumni could be recruited for an ongoing programme to mentor students on projects, subjects or any other industry related assignments.

Placements: With a strong industry network it becomes achievable for colleges to place students in good companies.

Is internship earning or learning?

A glaring trend in the Indian student community, in the recent times is “Internships”. How far is the student troop marching towards true value for internships. Why is this trend gaining more and more attention among colleges?

Why do companies offer internships?

  • To fill temporary gaps
  • To build an ecosystem within the industry
  • To screen for full-time careers in their firm
  • To promote innovations
  • For academic research

With these reasons and a lot of other companies are more and more willing to encourage internships.

What should students expect from internships?

Internships typically last from a month to an year. 4 to 6 months is a reasonable duration for a student to achieve an internship’s objectives. Students should opt for internships when they need

  • A learning environment
  • Exposure to industry
  • Easy access to the right employer for a permanent job
  • Some exclusive time to experiment their skills
  • Free mentoring and a professional experience
  • Lastly, a stipend for their pocket money.

Internships have to be looked at as opportunities for both learning and earning.

It is important for those who want to enhance their skills to note the establishments initiated by the government of India. It is a geographic and faculty based spread. In one of the articles titled Employ-ability of Youth in India,  HCC mentioned the gap persisting among industry, government, students and other stakeholders of the ecosystem.

This is an extension to the article, indicating  activities happening in our country to fill this lacunae. HCC has tracked the developments region wise, for the benefit of its readers.

Skill Development ProgrammeIndustry contribution: TATA STEEL

Government collaboration: Prime Minister Employment Generation Programme (PMEGP), Institute for Steel Development & Growth

Skill Development Programme: Entrepreneurship and skill development programme for rural youths.

Skill Development ProgramIndustry contribution: The Institute of Entrepreneurship and Career Development of Bharathidasan University

Government collaboration: Centre for Differently Abled Persons

Skill Development Programme: Certificate courses for Photocopier Technician, Office Automation and Diploma in Graphic Design in the field of IT and ITES

Other Details

Skill development programmeGovernment collaboration: Nehru Yuva Kendra and the Krishi Vigyan Kendra

Skill Development Programme: Skill development program in poultry, vermicompost, value addition of fruits and vegetables, mushroom cultivation and importance of balance diet.

Other Details

MangaloreTo establish an International multi-skill development center with an objective to equip workers with better skills, the government has taken its first steps in collaboration with  German-based GIZ-IN Institute.

Other Details

Madhya PradeshThe skill development efforts at Madhya Pradesh have been introduced in its capital city Bhopal. Attempts at this state are to use nodal officers from 20,000 colleges as coordinators to work with the Technical Education and Skill Development Department. This will be a paid service for students and the charges will remain nominal. The skills will be imparted during the academic year.

Other Details

After long, arduous efforts for 3 or 4 years, you will be at crossroads wondering ,”what’s next?“. You are not alone at this juncture. Look carefully, you will find a lot of your peers here. You have this question occurring constantly here because of limited awareness about the career options you have. Ideally by knowing about these options even before you graduate is helpful.

With ECONOMICS as a major subject in your course, the career opportunities you will stumble upon could be:

HobbyCollegeCareer

Design interns, design your career

Designing and planning a career is every student’s errand. When you know that your passion is DESIGN, then your planning and groundwork needs to be as creative as you are.

Though your presentation and process could get creative, there is a structure you could use to plan.

Before you choose your internship

Design Internship

Design Internship

  • When we are ambiguous about next steps, research is a recommended step. Talk to people, read a lot, explore opportunities and always be on look out for chances to learn more. Research as much as possible to list out your available options. Subscribe to intern portals to acquaint yourself with trending job profiles.
  • Different time, suits different people. Summer break may be perfect to make the most out of an internship opportunity and for some, everyday during college may be perfect. Understand your priorities and commit yourself completely to your internship at a time that is perfect to you.
  • “Understand what an unpaid internship pays you?” . When you are offered an unpaid internship in a firm, ask yourself what is it worth? Sometimes the opportunity may turn out to be great while you meet new people and engage with the unknown to learn new things. Sometimes, it is a backlash. A healthy way to evaluate this is to figure out whether you are learning something at this place or are you rendering your services. Where there is learning, foregoing your paycheck may not pinch you.

During your internship

  • Professional structure and designed chaos; dress well and present yourself professionally. Though you are a student, you are now in a professional environment. Hence, you will be considered as a professional. This means you will have to dress, speak and behave like a professional. All you need to do is, show some etiquette at the place you work. That is work etiquette.
  • Know your employer. After your stint, if you don’t get to know your employer, your chances of connecting back with them are reduced. Know what you can expect and tap and what you can give then in return.
  • Know your mentor. Knowing your employer is different form knowing your mentor. Most interns are assigned to an employee of the firm, who ends up being your mentor. If the person you work does not seem good enough to be your mentor, then find one before you know you have lost on all the learning.
  • Get your portfolio up-to-date. Your portfolio speaks for you. It is your “branding tool”. Amateur designs may indicate negatively about your potential and abilities. Hence, enhance and update your portfolio with what you think is best to represent yourself.
  • Visit and engage with a studio often. Apart from your daily assignments with your employer, visiting a studio rejuvenates your creativity.

Employ-ability of Youth in India

India is one of the youngest countries in the world.

With a population of over one billion in India, government census reveals that 41.5 % of them constitute youth of our country.

A further investigation reveals that out of an approximate 410 million young Indians, only 60% of them are educated and literate.

The question that arises here is that, ‘Is this 60% employable i.e market ready where the industry can absorb them into skillful jobs and be considered as skillful labour?’. The question has been answered in a recent report published by McKinsey. According to that report only 51% of the employers thought Indian graduates were prepared for entry-level positions in their respective fields. They have discovered that the lacunae exists in areas of problem-solving and communication. Such disclosures are quiet disappointing to the mood of “Developing and Incredible India”.

What are the next steps to alleviate youth from such state?

This is no one man’s job. All the stakeholders involved in educational sector and HRD of India need to get social and add value to raise the quality of human resources being produced for the nation. Who are the stakeholders?

Employability Stakeholders

What is the role of each stakeholder?

Let us with Government and end at NGOs.

Government: Any anomaly in the society, the reason is always government, fingers are immediately pointed towards the current government  However, in this case Government of India has been doing some great stuff. It has established Ministry of Youth Affairs and Sports. They have their schemes gathered on  a portal called http://www.youthportal.gov.in/. National Skill Development Corporation is another relevant initiative that has made a mark in facilitating and filling skill gaps. Is this enough? Not really.

We need expeditious reforms in a greater magnitude, with youth population is growing in numbers. Government has collaborate with the industry and provide rigorous training programs. Most of all it has to update the curriculum in all fields to include field experience, industry experience as a compulsory element. Thorough theory and academics have to be kneaded with real time industry exposure.

Universities and Colleges: These educational institutions have an opportunity to make a direct impact on this issue and fill the gap. They need to welcome industry leaders to participate in the annual curriculum and interact with students. Similarly encourage innovation among students.

Some instances of such action already happening are:

IIIT Hyderabad – They have an incubation center that nurtures innovative technilogies created by students into practical business models.

St.Francis College for Women, a commerce and science college brings in companies and internships within their college and as an autonomous college, it has absorbed industry experience as a compulsory part of its curriculum.

Students: “If you want to see change in the world, then YOU be the change.” Though their is action gearing up among other stakeholders  the attitude of students have to change with it.   Students need to understand the definition and purpose of education before getting into a college. The students need to now reorient themselves towards the approach of learning. A section of urban youth are participating in collaborative activities to expand their horizon of exposure however there is a large section of youth still left out and requires penetration.

Industry or Recruiters: Companies looking for employable talent also need to be ready to provide internship and apprentice opportunities to students before they hit the market for employment. Recruiters, irrespective of their scale of business need to welcome themselves for orientation and plenary sessions where students get to interact with them.

Everonn has made efforts to introduce vocational training programmes under one of NSDC reforms.

NGO and Social Enterprises: The social sector can never be left behind when there is an issue on the table. Social enterprises need to do their bit. Gradually there is momentum picking up with innovative interventions from NGOs for students to be tuned and certified as employable. Creative Cares is one NGO we could quote in this context.

Investopedia defines EMPLOYABILITY as employability is a product consisting of a specific set of skills such as soft, hard, technical, transferable etc. The broad perspective includes the narrow definition and enhances it further by viewing employability as a life-long, continuous process of constantly acquiring experience, new knowledge (purposeful learning) and skills that contribute to improving one’s marketability and subsequently ability to obtain and maintain gainful employment in the various labor markets. Further, employability can be defined both as a product – a set of skills – that “enables” and as a process that “empowers” an individual to acquire and improve marketable skills that can lead to gainful employment. 
Read more on Investopedia

hobby-vs-business_thumb[12]
In the first month of 2013, HCC has discovered a few likable posts about current recruitment and career trends.

These trends speak about the evolving future generation and their attitudes. It is helpful for both recruiters are job seekers to understand and study these trends in further detail. HCC has gathered these article sources and links.

Startup Professionals Blog: 8 key processes to distinguish a Business from a Hobby

social hireSocial Hire.com:  Social Media makes job search easier

Jobbook.com: Why non-profits are using Jobbook?

jobbook_blog

CareerCloud.com: Google letting candidates apply with G+ profiles