I am a 35-year-old chartered accountant working in the corporate
finance division of a large consulting firm for the last nine years.
After a recent merger with a bigger consulting firm, the company
has decided to downsize nearly 20 per cent of its workforce. A little
birdie tells me that a pink slip is coming my way too. During the
last three years at this consulting house, I have done extensive
work on the business process outsourcing (BPO) market and it is
fair to say that BPO is now my area of expertise. My attempts to
find a lucrative opening in the financial services sector have come
to a nought. Do you think the BPO market will be a little more responsive,
given my experience that field?
Your knowledge of BPO will find many takers not only in financial
services but also in consulting firms, banks and credit rating agencies.
With specialisation in corporate finance, you could also consider
applying to the finance departments of your present employer's clients.
A host of multinational companies are outsourcing operations to
BPO companies in India. That brightens up your chances further.
You could also consider switching to corporate or financial planning.
With age still on your side, there is no harm in venturing into
a relatively new territory.
I am a 33-year old running my own web portal
for the past two years. I had earlier quit a consulting job to set
up this business with my friends. We survived the dotcom bust and
still manage to make ends meet. However, I see little growth prospect
in the dotcom space and hence feel the need for a change. The offers
are few and far between, and the ones that don't look like falling
through, are not commensurate with my experience. What should my
approach be?
Make a realistic assessment of the situation.
Are the posts being offered to you really junior or do you feel
this way because you are now used to being the boss? A good benchmark
would be to compare the offers with your job two years ago and also
compare it with positions your peers are in today. Even if you were
to get a position similar to the one you quit three years ago, it
won't be a bad deal given the current scenario. If your priority
is to get back into the mainstream, then a minor compromise on emolument
is well worth it. Keep all these factors in mind and I'm sure you'll
find the answers.
I am a 26-year-old IIM graduate working
for a MNC. Initially the job seemed a dream come true, but over
time I realised the company was stagnant and its bureaucratic systems
were no better than a second rung family-run Indian business. In
contrast, my friends in smaller but dynamic companies are thriving.
Should I make switch to a smaller company that encourages young
executives?
What has worked well for your friends may not
necessarily work for you. Fitting into a position in a particular
work environment depends on a number of factors, including your
temperament and motivation. Also, there exists no such creature
called the "perfect employer". I would recommend that you don't
jump onto something just because you think the grass is greener
on the other side. You are working with a multinational company
and you should make use of this experience by learning as much as
you can from the systems and processes there. I would advise you
to make the most of what you've got, unless of course, you find
the situation absolutely unbearable.
I am a 49-year-old senior vice president
in an Indian software firm. I was recently offered the CEO's post
by an MNC that's setting up an offshore facility in India. The stint
with my current employers has been an enjoyable one and I have a
decent chance of making it to the very top if I stay on. But then
a CEO posting and an irresistable financial package don't come your
way every day. The offer, however, entails less focus on marketing
and is more of an operations role-something that doesn't excite
me much. What should I do?
Your decision should be based on what you regard
as more important in a job-if occupying the top slot is more important,
you have a good opportunity right now to attain it through this
offer. However, if you cannot compromise on job satisfaction, you
would perhaps do well to stay on.
Also bear in mind that you are already 49 and similar
opportunities may not come along too frequently in the future. I
can only say that neither choice seems a bad one-go for what you
would be most comfortable with.
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
Emotional intelligence is increasingly becoming
a critical parameter of evaluation for senior-level recruitment.
There
is no scientific formula that guarantees a successful hire. But
a structured approach and clear knowledge of your requirements can
help you avoid pitfalls in the hiring process.
HOW TO SIDE-STEP HIRING PITFALLS
|
» Functional
experience should just be one criterion among many
» Focus
on the traits essential for success in a particular role
» Evaluate
all candidates against the same benchmarks
» Structure
interviews carefully to bring out the candidate's competencies
» Make sure
you hire people for fit, not merely for skill
» Avoid
the 'just like me' trap that most recruiters fall into |
For long, recruiters have tended to overlook
the importance of behavioural or emotional competencies while making
critical selection decisions. Too many companies select executive
talent on the evidence of attributes that can be learnt over a period
of time-like technical skills. They tend to look at factors like
education, IG, and track record but fail to probe the elements of
emotional intelligence: willingness to learn, ability to work in
a team and cultural fit.
The performance of a multinational had slipped
and its systems needed to be rehauled. The company required a country
manager with an excellent technical orientation in order to put
the company back on track.
The company evaluated several candidates and
zeroed in on an individual with very little experience in a multinational
environment, reasonable academic pedigree, considerable technical
expertise and heavy 'star' tag.
The new manager began well. However, within
a few months he showed signs of slowing down. His approach didn't
work too well with domestic and international colleagues. Slowly
the incumbent became isolated and he resigned within a year-some
even speculated that he was asked to go.
By disregarding emotional intelligence in the
hiring process and ignoring the aspect of organisational fit of
the candidate, the company overlooked a critical success factor.
This incident substantiates the result of a study conducted by Egon
Zehnder International with 500 managers across three continents
that unsuccessful managers failed largely due to their low levels
of emotional intelligence.
SUNSHINE
ON THE NET
Finally, some good news for job hunters on
the internet.
Jobs
are aplenty. or so the newspapers would have you believe. And if
the market buzz is anything to go by, the online job market is also
fast catching up. Says Sanjeev Bhikchandani, CEO, Naukri: "Online
recruitments are picking up faster than the offline ones".
Naukri's revenues in the first two quarters of the current financial
year have exceeded their earnings of Rs 4 crore in 2001-02. Job
listings on Naukri.com too have jumped from 12,000 last year to
18,000, while Jobsahead.com currently has 1 lakh-plus vacancies
listed on its site. Naukri has added 1,500 clients this year taking
the total number to 6,000 and at Jobsahead, it has gone up to 3,000
after the addition of 1,000 new clients this year. "It's not
just the big players who are benefitting. The effect is now even
trickling down to smaller firms." says Arun Tadanki, Country
Manager, Monster India. Certainly big numbers for the troubled online
operators.The upswing in online recruitment is largely due to the
ressurgence in the it and it-enabled sectors. The two contribute
nearly 40 per cent of Naukri's revenues.
Online recruitment is now a serious option
by the hr managers. "It's not only a low-cost option but now
companies are considering the internet for senior-level recruitments
too," says Alok Mittal, coo, Jobsahead which has big ticket
clients like Wipro. Hopefully, this online boom is more than just
a mirage.
-Vinod Mahanta
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