I am a 34-year-old with an IIT-IIM background and have been working
in the petroleum sector for the past 10 years. My company recently
asked me to relocate to the Western region of the country. I was
not willing to shift from Delhi. As a result, I am without a job.
I have plenty of project experience but there doesn't seem to be
much demand for it in the northern region. I have worked with the
best companies in the industry and on some prestigious projects.
I have met several recruitment agencies but all to no avail. What
should I do?
There are plenty of project-related jobs in the North. Since you
have worked in the petroleum industry, you need to look at the chemical
industry or other process industries in the northern region. Once
you widen your search definition and become amenable to move to
other locations in the North (apart from Delhi), it may become easier
for you to find a job. You could also look at project-planning jobs
that may be available in Delhi (or Gurgaon, Noida and other industrial
belts around Delhi). Finally, you could think of public sector and
quasi-government organisations as prospective employers.
I am a 47-year-old HR director in a niche
multinational IT company based in Mumbai. I am currently in charge
of a 350-strong workforce. I have worked in established companies
as well as start-ups. The company I'm working for has a young workforce
and it is a little difficult for a person from the old school like
me to come to grips with their informal and often-flippant attitude
to work. The CEO has an easygoing work-style and tends to encourage
this attitude. This has led to an impossible situation for second-rung
executives like me who are judged strictly on our performance. Would
looking for a new job be advisable given the current market situation?
You have answered the question yourself. Since
the market situation is not very good and you are 47- an age where
you are likely to have substantial family responsibilities-I would
strongly recommend finding another job before quitting this one.
A bird in hand is definitely worth two in the bush. No company is
perfect and though you may not want to live with the particular
problems of this company, I am afraid you may have to grin and bear
it. And look at the positive side-it's, after all, an MNC and the
workforce is sizeable.
I am a 23-year-old MBA from a well-known
Indian B-school. My specialisation was in the area of information
technology. After entering the job market, I realised that there
was no specific job profile that fits my specialisation. More so,
if you did not have a combo-qualification (like a BE, B Tech, or
MCA) to go with it, which I didn't. I have managed to land a job
with a small software firm in the area of database design and development,
but my interest lies in the area of software marketing. How can
I make the switch?
You can definitely switch to software marketing-the
only issue is that the scenario in software is not very bright at
the moment. I would suggest that you apply to some better-known
firms and simultaneously scan the papers for openings in software
marketing. Don't be choosy about the company's size. You need a
foot in the door, so a mid-sized software firm, even the IT department
of a company will do just fine.
I am a 21-year-old graduate in economics.
I am planning to apply for an MBA programme. I am applying to B-schools
in India and the UK. What are the advantages of pursuing a management
degree abroad vis-a-vis doing so in the country? What are my chances
of landing a job in the UK itself if I get a degree from one of
the B-schools there? What kind of weightage do Indian companies
give to MBA degrees from abroad?
The value of an international MBA depends on
what you plan to do with it. If you want to stay and work abroad,
it is easier to do that with a foreign MBA-but not always. A good
foreign b-school will give you a better chance at landing a job
in that country. The change in your visa status will depend on the
company employing you-if you are considered an excellent candidate,
it may sponsor you. As for the weightage given by Indian companies,
you would do well to spend time on a careful comparison-i.e., it
would be better to do an MBA from an 'a' grade school in India than
a 'd' grade school abroad. Indian companies give good weightage
to MBAs from well-known foreign b-schools and treat them on a par
with the best Indian b-schools. What I am trying to say is that
merely a foreign MBA may not guarantee you a red carpet welcome
in the Indian corporate world; but, it won't be a disadvantage either.
Answers to your career concerns are contributed
by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing
Partner) of HR firm, Shilputsi Consultants. Write to Help,Tarun!
c/o Business Today, Videocon Tower, Fifth Floor, E-1, Jhandewalan
Extn., New Delhi-110055.
Recruiter's Diary
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R. Suresh, CEO, Stanton Chase |
Changing jobs at the senior level can, at
times, be a long-drawn and messy affair in India Inc. Delicate employee-corporate
courtships on which corporate fortunes hinge so much in India are
facilitated in the main by head-hunting and employee search firms.
In the first of this series, BT presents a head-hunter's perspective
on issues that need to be kept in mind while making career moves
at the top. Stanton Chase's Chief Executive Officer R. Suresh presents
his views on compensation negotiation for prospective ceos.
Every 'C' level
appointment (head-hunterspeak for CEO, CFO and COOs) starts off
with both sides-the hiring company and prospective candidate-stating
their past track-record and the roles they want to play in the future.
Then comes the issue of compensation. Compensation has always been
a sticky issue in Corporate India, requiring careful resolution.
This is illustrated by the following account of an awkward case
that our executive search firm recently had to handle.
A retail food multinational client of our firm
needed a director for its sales and marketing division. We researched,
shortlisted and presented two finalists, ranked first and second.
The first candidate was someone we had known
for years and whose capabilities were proven, while the second finalist
was a new find. During the initial discussion, when we put forth
the salary-band on offer, the first candidate (ranked No. 1) categorically
stated that his role in the organisation and its future were more
important than to him the salary (he refused to part with his current
details). After several rounds of assessment, our client zeroed
in on the first candidate and invited him to Mumbai for a discussion
on the issue of compensation.
The candidate sensed he was being sought after
and decided to play hard-ball. He demanded a business-class ticket
for the trip and even called up the secretary of the client company's
managing director to specify the type of car that should pick him
up from the airport. In the ensuing negotiations, this candidate
aggressively drew up his compensation stack, including sundry benefits
such as cell phone, credit card, and a broadband internet connection.
He added that a 50-60 per cent jump in salary was in order: he was
factoring in a 'risk-premium' for shifting from a stable career;
and there was an imminent salary hike in his current organisation
that he would have to forgo. Though this far exceeded the initial
estimate, our client yielded. Once this was settled, everything
fell into place. The appointment note was issued the very next day.
After a week, our friend called back to say
that while the overall annual compensation had been settled, there
were still many unresolved issues about his terms of employment.
We felt it was time we stepped in to address these issues along
with the client and invited this candidate again to Mumbai. He now
had a new list of demands that included benefits like a 'sign-on'
bonus and 'severance pay'. We dropped him and hired the second choice
instead.
Negotiating
Compensation: Dos And Don'ts
Things you should and shouldn't be saying at
the negotiating table.
Ensure
clarity: Both the employer and the
candidate should fix a 'compensation-band' as a reference point.
Current compensation and expectations must
be clearly spelled out: It is absolutely essential that the
candidate share the details of his current compensation with the
prospective employer while spelling out his expectation. Remember:
There is nothing wrong in admitting that your main motive for a
job change is a good pay hike. That's much better than giving a
reason that's implausible on the face of it.
Cost-To-Company (CTC): It's a misnomer.
We all know that, but it still continues to be in vogue. No two
companies are alike in computing CTC. So avoid bringing it up.
Don't nitpick: Don't haggle over details
like travel and medical allowances. They probably form 1 per cent
of the overall compensation package. Firm and clearly stated compensation
expectations followed by graceful handling will get what you desire.
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