MBA graduates

Tips for MBA graduates to get placed in top companies

Most of them think that graduates who do MBA in business schools will only have chance to get placed in top companies, this is not correct and all of the MBA graduates have lot of opportunities. Only thing they need to do is brush up their skills and do rigorous search for jobs. This will definitely give you a break that you are seeking. Apart from the knowledge acquired, here are some interview tips on how to face interview for you that complement your efforts:

• Study:Doing enough research about thecompany is also a part of your interview preparation. Try to gather as much information as possible about the company, its products, its clients, its promoters, top management and also recent news about the company. By doing this you will create an impression that you are really interested in that company job.
• Practice:Practice is the key to get success, so do practice interview questions before going for the interview. Gather some frequently asked questions and practice answers for those interview questions. Ask your friends or family members to give constructive feedback and work on the areas in which you have to improve. Apart from preparing answers for the interview questions, you also have to prepare interview to answer any question.
• Be punctual:Remember that your first impression is the best and last impression, try to be punctual and prepare yourself to be at the venue before half-an-hour. Going late for the interview can be a sign of being careless and reckless, so be punctual.
• Wear formals:Attire you wear is also important, so wear formals while going for an interview. Wearing formal clothes will not only boost your confidence but will also impress the interviewer.
• Stay calm, confident and enthusiastic:Don’t be afraid or do not get over excited about the interview. Take a deep breath, listen carefully and focus on the interview questions. Think before you speak and see that you maintain a positive tone and smile on your face while answering the questions. Your body language is also important, so walking straight, holding your head high and giving a firm handshake all add to a positive start to the interview. Maintain proper eye contact and show your level of interest in the interview.
• Be honest:Remember that honesty always pays. When you don’t have an answer for a question asked by the interviewer, admit it than pretending otherwise. Employers may not want you to answer all the questions but they surely want you to be honest.
• Be inquisitive:At the end of the interview, interviewer asks ‘do you have any questions’, at this point of time don’t say that you don’t have questions. Interviewer wants to know your interest in the job, company or the department you would be working, so be prepared to ask some intelligent questions that will reflect your interest in the job

Millionaires

According to a recent study, it’s been identified that 40% of the planets wealth has been owned by 1% of the richest adults and people who are in financial services and into internet sectors are among the super rich. Countries like Europe, The USA and some Asia pacific nations are rated as extremely wealthy countries and among these Japan holds the first place with $180,837 per person by the year 2000 following behind is the USA with $143,867 per person, The UK third with $127,000 (£64,000), France fourth for 5% and India stands in the bottom of the list with $1,100 per person.

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1% of Millionaires control almost 40% of the Planet’s wealth

Time for appraisal

Doing a personal assessment is very important for each and every employee as it is a part of the appraisal process. Filling up a personal assessment form will give the employers a clear idea on how worth the employee is and they can rate the employee based on the assessment form. Getting a good appraisal will also depend on how the employee efforts are listed on paper and summarized to show his/her measurable progress. Summarizing all the accomplishments concisely is a big challenge to the employees. Here are some suggestions on what should be included in the personal assessment form to make it effective:

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Is it the time for appraisal? Take a look at this

Global Diversified Company

Globally diversified (Multi National Companies) companies provide many challenges and opportunities to its employees. These companies will have their operations wide spread across many countries. Therefore one of the major challenges for the employees working in these kinds of companies is that they have to work together efficiently with the teams working on different time zones across the world. Employees may also have to travel across different countries as a part of their job. Therefore it is very important for the employees to constantly educate themselves and to be more sensitive to foreign culture and behavior, as this is a pre-requisite for a global employee working in a global company. Here are some tips for employees working in a global diversified company...

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Are you working for a global diversified company?

Effective Team Building

Having a strong team is very essential to work effectively and to produce spectacular results. Good and effective team coordination results in a successful project. Every company strives to inculcate team values in their employees to create a strong value based organization. Strong team improves the performance and quality. Building a strong team can only be possible through effective communication and cooperation. Building a strong environment is not an easy task and it depends on how the management creates favorable environment for people coming from different cultures and regions. Major qualities that help in making a strong team can be classified as 5c’s and they are mentioned as follows..........

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Know the 5 C’s for Effective Team Building

Convert your internship

Internship is a good way to gain practical experience and prove your worth to an employer. This will also help you in getting a full time employment. Organizations prefer to hire interns who have good work ethics and who can work both independently and in a team. Interns who perform well during their internship will have a chance of getting into fulltime employment within the company. Only few of the interns fail in getting fulltime employment. Here are some tips for interns to turn their internship into fulltime employment:

 

·         Be reliable: Always be focused and maintain discipline at work. Never neglect your work and complete all the given tasks on time successfully. If possible try to take additional tasks related to your work. This will help you in getting a consideration for fulltime employment.

·         Ask for a regular feedback: Whatever work you do, ask for a feedback from your seniors or colleagues. Think that you are a fulltime employee and develop a good work place relationship with your colleagues and your boss. Developing a good workplace relationship and taking feedback on whatever work you do will help you gaining importance among your co-workers.

·         Go beyond your job: Make others feel that you always think ahead by anticipating others questions and needs. Do more than what is expected from you and stand apart from other interns. Volunteer for additional projects whenever you can, for a chance to impress the team by staying late or coming in early. This will show your dedication and helps your boss or your colleagues to view you as an integral part of the company.

·         Find a mentor: As an intern you may have lot of doubts. Therefore take the help of people whom you admire at work. Professionals enjoy sharing their expertise and want to assist new professionals entering the field.

·         Be professional: It is very important to maintain professionalism at work and also always show enthusiasm towards learning new things. Enthusiastic employees tend to rub off on each other and have a positive impact on the organization as a whole. Develop a habit of asking questions on everything related to work, whenever you don’t understand.

Do research: Do proper research about the company, know the needs of the organization and try to fill those needs. Know all the products and services offered by the company and also about the clients and services. By doing this, you will get a clear idea on how to move up in the organization.

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Where do you see yourself in 5 years from now?

This is a question where any answer can almost put you in to trouble. Interviewers ask this question to see how well you know what they want and also whether your idea of growth is compatible with the company. If your answer looks like you are aiming too high, interviewer may think that you are very ambitious. And if your answer looks like you are aiming too low, interviewer may think that you lack initiative and won’t contribute enough to growth of the company. Most of the candidates stumble when they are asked this question and they fail to answer. Here are some tips to follow while answering the question ‘where do you want to see yourself 5 years from now’:

• Try to answer in the employer’s point of view: Employers think of what responsibilities they can assign to you in future based on the answer you give. Therefore think of what the interviewer is expecting from you and frame your answer by keeping these aspects in mind.

• Answer in terms of long term goals: Talk about your long term goals rather than short term goals. Talk about your career ambitions and also how well you are prepared to take up the responsibilities. Remember that this question reflects how well you know about yourself and see that you give a justified answer.

• Answer should be in favor of the company: None of the employer wants to hear from a candidate that ‘I want to travel abroad for future advancement of my career’. Rather answer in a way that ‘depending on your performance and the opportunities provided, you will take up more responsibilities’. Even if you have plans to go abroad, answer in a way that you will stick around.

• Try to be honest while answering: Most of the times, honesty works than any other prepared scripts. Tell them that you are ambitious but not over ambitious. Know about the company goals and frame an answer by considering the company’s mission statement.

Here is an example:

“I don’t have any specific plans about the future and all I know is to work sincerely to the best of my efforts. I am always open to take up the challenges and opportunities that come in my way’. I am fast, flexible and also I want to refine my skills to be an expert in my chosen field. I will use all my skills and abilities that contribute to the organization success”.

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What to answer when asked “Where do you see yourself in 5 years from now?”

What is Background Checks while joining a company?

Background checks will be done by employers on job candidates for employment screening, especially on candidates seeking a position that requires high security or a position of trust, such as in a school, hospital, financial institution, airport, and government. These checks can be performed by employer itself and some companies are assigning to private agencies which charge a nominal fee. Results of a background check typically include past employment verification, credit history, and criminal history.

Background check differs from company to company as some employers evaluate a candidate’s qualifications, character, fitness, and to identify potential hiring risks for safety and security reasons. However, these checks may sometimes be used for illegal purposes, such as unlawful discrimination (or employment discrimination), identity theft, and violation of privacy.

1. Criminal History

Companies will conduct searches whether the candidate is having any criminal history throughout the state or nation. You need to check each state for its policy. Only information of public record is available.

2. Civil History

Similar to criminal history and includes whether the job candidate is/was a plaintiff or defendant.

3. National Wants and Warrants

It is very important aspect of back ground check. It checks whether the candidate is in “wanted,” list or not. If the candidate is in wanted, it will appear through the National Crime Information Center (NCIC) system, but this information is not frequently requested.

4. Credit Report

This is a very common item for Back ground checks. Companies will search for pay slips of an employee to confirm the details submitted by the employee.

5. Social Security Reports

Social security reports check will be done to clarify where the candidate has lived for the past seven years. They will examine the residence proof certificates to verify addresses and locations are genuine or not.

6. Previous Employer Verification

Previous employer verification activity will be carried down to check whether the submitted details of previous employers are correct or not. Due to the increasing frauds and false information in the resumes has created more confusion among employers.

7. Drug Tests

Earlier back ground checks may not contain this test but now nearly 15 to 20 percent of all Back Ground checks including a drug test. Back ground checks typically contract with local medical clinics to conduct the test.

8. Reference Verification

Reference verification is an important part of back ground check. The employer will contact the references provided by the candidate to confirm the details submitted by the candidate.

9. Education

Back ground check clarifies attendance, academic certifications and degrees earned. This has become a common Back ground check as a result of eliminating the frauds. Make ensure that you have provided the genuine details as you cannot mislead by giving wrong details.

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What are the pros and cons for using social networking sites at the work place?

Social networking in today’s generation is one of the useful resources and almost everyone is using these sites everyday for some or the other reason. Companies make this social networking available in the office to allow employees to share information with one another throughout the day or while away from the office and to build relationships with one another. Websites such as facebook, Twitter and LinkedIn offer free advertising and other benefits for a company or business. This social networking is useful and there are also some disadvantages of using this social networking at the work place. Here are some pros and cons for using social networking sites at the work place.

Pros of using social networking sites:

• Usage of social networking will facilitate to have an open communication which will in turn lead to enhanced discovery of information and delivery

• Employees can share their views, post news, can ask questions and share links

• Helps to increase business contacts, reputation and client base with minimum usage of advertising

• This will help the employers to learn more about the potential and current employees

• Will help the employees to share the information between them

• Companies can promote their business online without paying any money for advertising

• Employees can gather information which will help them to perform their duties well

Cons of using social networking sites:

• Excess usage of social networking sites like facebook, twitter etc will decrease the productivity because many of them compulsively use and check facebook account to check their wealth of application, games and status updates.

• When employees use social media for chatting, there is also a risk of releasing confidential and proprietary information because employees may inadvertently post status message and tweet about their company’s promotions or business information that is restricted to be released publicly

• Usage of facebook can hurt the relationships of the employees within a company

• When companies use social networking sites for internal communication, most of the employees instead of conversing about the work they may go for off-task conversation

• There is a possibility of hackers to commit fraud and introduce virus attack

• There is a chance that employees may pass negative comments about the company or may lead to potential legal consequences if the employees use these sites to view objectionable, illicit and offensive material

Usage of social networking at the work place has become essential but there should be some restrictions for using this social networking, because too much usage of social networking will decrease the productivity which will in turn bring huge loss to the company. Therefore companies have to educate their employees in proper usage of social networking and should adopt an appropriate policy for employees for using social media in the office.

Are you going to resign your job? Here are some tips to write an effective Resignation Letter

Employees quit their current job due to some or the other reason and they have to submit a resignation letter while quitting their current job. Resignation letter should be very professional and should express a desire to leave the job. Writing a resignation letter is a bit tough because it’s not all about the intent and message. One may have no other choice but to leave the job, at this point of time resignation letter should be written in a positive tone should also be direct and straight forward, because you never know you might have to work with same people in future. This is also a way to maintain a positive relationship with the old employer. Here are some tips to be followed while writing a resignation letter:

• Addressing personally: Start the letter by addressing your reporting authority with his/her name and this is very important. Addressing your boss in a respectful manner may make your way easy and also don’t forget to attach a copy of your resignation to the HR.

• Mention the exact reason for resigning: Don’t beat around the bush; rather cut straight and mention the exact reason for what made you quit the job, but see that you are not rude and hurting anybody’s emotions. You might have had a tough time with your boss or within the company. Whatever may be the reason, you should not make them feel guilty by putting all your past before him/her in the letter. Remember that you should never write anything negative or bad about your colleagues, your boss or about the company.

• Be precise: It is important that your letter should be precise and to the point. Don’t forget to thank the employer and do mention about the facilities offered to you. Clearly mention the date when you want to relieve.

• Mention notice period: Each and every company has a rule that the employee has to serve for 60 days after his/her resignation, because the employer has to find a replacement for that particular position. Therefore clearly mention adequate notice period. Do not rush and serve the company after you submit your resignation.

• Mention responsibilities held by you: You may be one among the thousands of employees and your boss may not know who you are and what responsibilities you held within the company, during your employment. Therefore clearly mention all the responsibilities that you held. Mention if any deadlines to meet, offer to extend smooth support and knowledge transfer whenever needed.

• Proofread the letter: You may have written everything correctly, but don’t forget to proofread it before sending to your boss or HR. Resignation letter will be retained by the employer, so it should be very professional.

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Some of the frequently asked Interview Questions

Are you scared of interview or questions asked in interview? Well preparation and confidence at the time of interview may help you to overcome the situation. Here some of the frequently asked Interview Questions are gathered for your preparation. Prepare well and answer with confidence.

1. Sample Behavioral Interview Questions

• Describe the best/worst team of which you have been a member.
• Give me a specific example of a time when you sold someone on an idea or concept.
• Tell me about a time when you were creative in solving a problem.
• Describe a time when you helped co-workers who dislike each other to work together.
• Tell me about a time when you made a bad decision. What did you learn? What would you do differently?

2. Sample Traditional Interview Questions

• Tell me a little about yourself.
• Why did you select your career path?
• What would you like to be doing five years from now?
• What has been your greatest accomplishment so far?
• Describe your greatest strengths and weaknesses.
• Would you rather be in charge of a project work as part of a team?
• What have you learned from the experience you have held?

3. Sample Stress Interview Questions

• What kind of people do you find it difficult to work with?
• What are some of the things you find challenging to do?
• How would you evaluate me as an interviewer?
• What interests you least about this job?
• How do you handle rejection?
• What is the worst thing you have heard about our company?
• See this pen I’m holding? Sell it to me.

4. Sample Case Interview Questions

• A chain of grocery stores currently receive its stock on a decentralized basis. Each store deals independently with its suppliers. The president of the chain is wondering whether the firm can benefit from a centralized warehouse. What are the key considerations in making this decision?
• A magazine publisher is trying to decide how many magazines she should deliver to each individual distribution outlet in order to maximize profits. She has extensive historical sales volume data for each of the outlets. How should she determine delivery quantities?

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