I am a 35-year-old consultant with an IIT-IIM background. I was
recently laid off as part of a restructuring exercise by the company
I was working for. The company chose to retain only those consultants
who had exposure to the infotech industry. I lost out because my
area of expertise is supply and distribution. I have been knocking
at the doors of several consulting firms for the past three months,
but to no avail. I have also approached various FMCG companies where
supply and distribution are key processes. That too hasn't worked.
Do you think I need to re-skill myself? What are my chances of finding
a job in the Gulf? How does one get to know of good opportunities
there?
In an industrial downturn, consultants can be at a premium or at
a discount depending on their specific skill-sets. If the consulting
opportunities corresponding to your skill-sets are not forthcoming,
you could try for an operational job in another industry sector
that requires supply and distribution expertise, which, with your
experience, should be less difficult to find. The probability of
your finding a consulting job in the Gulf is not very high. Re-skilling,
particularly in the BPO area, is worth pursuing.
I am a 30-year-old commerce graduate with
10 years' experience in the service industry at a junior management
position. My career has grown very little in the past five years.
Should I go in for one of the online business management courses.
How good are these courses and what is their weightage in the job
market? Would such a course give a boost to my career?
I do not know what exactly you mean by service
industry; you could be in financial accounting, billing, stockbroking,
banking or infotech. But you will benefit from an added qualification,
no matter what area you are currently employed in. Your choice of
the course must depend on the function you want to perform in the
long term. A diploma from the Institute of Cost and Works Accountants
of India would be a big help in most of the areas mentioned above,
except infotech. If you want to specialise in stockbroking, you
could enroll in one of the courses the Institute of Chartered Financial
Analysts of India offers.
I am a 31-year-old finance professional
working with a multinational bank in Singapore for the past two
years. I am a MBA from IIM. Till date, I have been a good performer
and have given no reason for complaint to my employers. However,
due to a global realignment, the bank is now downsizing its operations
in the region. I have received hints that my entire department might
be disbanded. There is not much hope of my finding another job in
Singapore at such a short notice. What chances do you think I have
in India? I have been trying to get in touch with the people I know
in India, but things don't seem very bright there. I have around
a decade of solid experience in credit and corporate finance. How
can I find a suitable job in India?
You should research the kind of companies in
the banking and financial services sector that you would like to
work with in India, and target them in a focused manner. There are
also a lot of search consultants in India whom you could approach
for professional assistance in your job search. Banking and financial
services are passing through a difficult phase in India at the moment.
You may have to wait a while till a good opportunity comes along.
You could also try asking the bank you are currently employed in
to transfer you to its India operations.
I am a 25-year-old service representative
working for an Indian pharmaceutical company. I am contemplating
doing a MBA and am confused over whether I should go in for a part-time
or a full-time programme. If I do a full-time MBA, will my experience
of one year in the area of sales count at the time of placement?
A full-time MBA course is more likely to stand
you in good stead in the long run. Not only will it give you a better
grounding in business administration, it will have greater market
value as well. Your pre-MBA experience in sales will count during
your placement, though a lot would depend on the kind of position
you apply for as well as who your interviewer is. Ultimately, if
you succeed in obtaining a MBA from a reputed institution, and are
focused and hardworking, you will be successful in finding a good
job even without having to leverage your previous work experience.
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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Atul Vohra, Partner, Heidrick & Struggles |
he higher you rise in corporate hierarchy,
the greater the level of risk associated with any drastic career
move. Yet resume-building for those who want to reach the CEO's
hot seat is not for the faint-hearted. In the next of our ongoing
series that presents a headhunter's perspective on issues that need
to be kept in mind while making career moves at the top, Atul Vohra,
Partner, Heidrick & Struggles, discusses how a cross-functional
shift can make or break a senior executive's career.
The
ability to cross functional lines is now perceived to be an essential
element of career success. In fact, many of today's leading executives
have broad-based functional backgrounds. However, when contemplating
such a move, it is wise to understand the costs and benefits involved.
There are many examples of executives who have
made successful cross-functional moves in the recent times. I know
of a chief financial officer of a large infotech hardware company,
who, after having worked in its finance division for a number of
years, moved to an operations role. His success in the operations
role (in a highly people and operations oriented industry) within
the organisation catapulted him to the slot of the chief executive
in less than two years.
There are also several instances where such
cross-functional moves haven't worked in favour of the concerned
execs. This was the case with the human resources manager of an
FMCG company, who switched to a sales function in the same organisation.
Despite making a lot of headway in his assignments, he found his
decisions constantly coming under question due to a lack of credibility
among his peers. He also did not find the operations-led sales role
very exciting and, therefore, chose to move back to hr (albeit in
another company)
Crossing functional lines is now an accepted
component of modern-day corporate staffing strategy. New technologies
have re-modelled traditional operational methods. These changes
have not only led to a relaxation of corporate hierarchies, they
have also blurred the divisions between many executive functions.
This trend spells more opportunities for those executives who regard
cross-functional moves as the high road to the CEO's corner room.
However, despite the challenges it poses, today,
cross-functional adaptability not only provides the basis for enhanced
corporate productivity, but also for the success of an individual
executive's career. All things said, you and you alone are your
own best manager.
Senior Exec's
Guide To Cross-Functional Shifts
Some things you would do well to keep in mind
while considering a cross-functional move.
Timing:
Cross-functional expertise should be gathered as early as possible
in one's career. Opportunities become less as you rise up the corporate
ladder.
Relevance: Consider a cross-functional
move in relation to the organisation's core function- i.e., those
functions that define the company and its mission.
Situation: Assess the situation within
the functional area to which you plan to move. Ask yourself whether
it offers genuine potential for career growth.
Organisational philosophy: Some organisations
promote direct competition among managers in the same function.
In such a case, you need to closely assess how the company reacts
to failure.
Self-assessment: This is a good opportunity
for some thorough introspection. Ask yourself: What are your knowledge
gaps and how will you fill them? What is your capacity for continuous
learning? What is your appetite for risk? How will your move assist
you in fulfiling your ultimate career objectives?
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