How to choose a career

Everybody knows that skills are important for getting and keeping a job. Employers expect you to list relevant skills on your resume. They ask about your skills in interviews. And they expect you to develop skills on the job so that you will remain productive as new technologies and new work situations emerge.

But maybe you haven’t thought about how closely skills are related to job satisfaction. For example, let’s say you have enough communication skills to hold a certain job where these skills are used heavily, but you wouldn’t really enjoy using them. In that case, this job probably would be a bad choice for you. You need to identify a job that will use the skills that you do enjoy using.

There is an interesting tool freely available online to guide you for such a big decision making step: Its called a Job-Match Grid. This mentioned grid makes a match with the skills in you, with the drives in you, to a possible set of career choices. This ensures, even if you are good in a particular domain, but do not have a passion for the same, you don’t end up 10 years down the line as a dead bone, dried up emotionally, because although you have made a lot of progress in doing what you do well, it does not fulfill your emotional needs expected from the job.

To know more about the Job-Match Grid, check out the ebook “100 fastest growing careers” by Michael Farr, or mail me to get a complementary copy of the same.

100 Fastest Growing Careers

All of us want a great career. For someone who is about to take the big leap into the unknown, an intriguing question that torments his mind is what prospects does the future hold for him in the particular career track? What are his growth prospects and is it just a job for him or will it provide truly a career worth pursuing?

A recent research by Michael Farr has attempted to find out the top 100 fastest growing career paths. The figure below lists them out.

Maybe this should help before you think about a career choice, or decide to run the rat race. Do let me know what you feel about this.

Why should you have a Corporate Social Network

Often, there is very little to differentiate between the winners and the “not-winners” in the race for corporate seniority in the industry. What creates that illusive competitive advantage for those who actually succeed. In most cases, it is not capabilities to deliver the goods that count but the winner’s socializing capability. So what benefits does a Corporate Social Network brings to a professional?

  1. Personal Branding: did you know that each member of a social network adds about U$ 80-U $ 100 to the brand value? Your depth of “intimacy” with your contacts in your corporate social network will determine this added value to your personal brand. In short, if Bill Gates and Steve Jobs are on your contact list in Linked-In, it helps to increase your personal branding.
  2. Relationships Based Organization: Today, when in a big firm, everything is standardized, we are moving into a relationship based management to deliver that inch extra. Generally, contacts with different types of stakeholders are kept in databases but, they are not organized in groups and segmented in order to build long term relationships. The same is true to all contacts of all employees that there are spread among various social networks.
  3. Knowledge sharing: Corporate social networking is one of the most popular and easiest ways of facilitating knowledge sharing, either by posting articles, wikis or by acting as a simple repository of several files as text editors, spreadsheets, presentations, etc..
  4. New leadership identification: It helps to strengthen group activity, and thus it is paramount to nominate a team of group leaders. This leadership must be naturally stimulated. The company will be able to observe styles and attitudes of each professional and reward them fairly whenever they create real value.
  5. Transparent relationship: By the time the company organizes all its stakeholders, starting by its internal collaborators, clients, suppliers in several specific groups, it opens a very strong and positive relationship channel with all of them creating the possibility that each stakeholder bring their respective relationships to the same business environment.
  6. Active & identified communication: the company starts offering to everyone an environment, in which, the communication can flow both ways actively in an identified and transparent manner. Company will know with whom it is talking to, what is being discussed and what the concrete results are because the platform itself documents all exchanged ideas.
  7. Market test: instead of spending a fortune in market research, how about having your own and qualified sample, make an in-house test and have a more reliable and real time result?
  8. Stakeholders loyalty: It is to be recognizes that there is a challenge to overcome by the time the company is exposing more. However, by facing and solving problems directly and by finding intelligent and creative solutions involving each stakeholder specifically, the company will consolidate its brand before the market and will attract the best opportunities besides making all stakeholders loyal and having them bringing new businesses to the organization. This is only possible if managers have a corporate social network which is not only wide but also deep across organizational hierarchies.
  9. Central, global & local management: Corporate social networking is all set to evolve to a central relationship point among all with several modules like payment gateway, web-conferences, mobile solutions,  CRM, reducing tremendously the operational costs of new business search and allowing the global  reach by having strong presence on the Internet while reinforcing its local presence.
  10. Lock-in effect: Considering that in general, people are fairly resistant to changes and that everyone competes for time and attention of the superiors in an organizational hierarchy, the one, who is better poised to affect their decisions will have conditions to create a a lock-in effect hence nullifying competition from co-workers.

The Role of Karma in Organizations

“Karmanye vadhika raste ma phaleshu kadachana, Ma karma phala hetu bhurba te sangostav karmani” — (Chapter 2:47) Bhagwat Gita.

[You have a right to perform your prescribed duty, but you are not entitled to the fruits of your actions. Never consider yourself the cause of the results of your activities, and never be attached to doing your duty.]

The western concept of management is characterized by high supervisory control, high levels of competitiveness, and an unemotional approach towards achieving quantifiable goals, with a greater emphasis on winning. Most organizations have cultures, systems, and processes designed to optimize attainment of objective goals; and the role of employees is to help achieve organizational goals, which ultimately maximize shareholder value. Most of today’s management concepts and theories have been only tested in limited markets, but their claims are often bombastic. The practice of these theories view a typical manager donning a role of a resource optimizer more than a complete human being.

It is myths like these that pervade our management thoughts and actions, that are leading to decay in complete growth and development of human resources in organizations, mainly because organizations have a very narrow perspective of themselves as entities that exist to maximize shareholder value. Only very recently, especially after the global financial meltdown has the word ‘shareholder’ been replaced by ‘stakeholder’.

In this essay, I advocate that there is a pressing need today for organizations to realize that organizations or their employees should not viewed as mere resource optimizers. Employees are as human as they should be. Therefore, they should not from a lens of agency theory or transaction cost theory, be looked at as opportunist who need to be monitored and controlled; or as efficient agents with goals aligned to that of their principals. There is much more to management than control and efficiency, and it’s high time we move away from these goals to more humanistic goals that rest on human values. The spiritual needs of individuals, such as the search for a meaning in their work based on right actions, needs to be addressed by the organizations by offering broader definitions of the goals that they should strive for.

One such goal is advocated in Bhagwat Gita as karma. The Sanskrit word karma derives its meaning from its root, kri, which means doing or an activity, which encompasses an individual’s mental and physical activities, as well as his/her, speech. In Buddhism, karma is viewed as action and effects of action and is viewed as complete psychological impulse behind an action that triggers a chain of causes culminating in a karmic reward. In certain oriental cultures such as that in India, the concept of action (or work) is strongly related to future happiness or sorrow.

Organizations need to adopt and promote humanistic values at firm level to establish practices that are ethical and that recognize the self-worth of individuals and help the salespeople in achieving his personal growth as well as organizational goals An organization that promotes karma in their employees not only gives them the freedom to grow-spiritually and mentally- but also respects their individuality, reduces unhealthy competition among them, create more bonding among themselves, and bring more harmony within and between them.

Karma is not just a motivator but also a stress coping strategy, which can enhance the quality of life and well-being. I appeal to all management researchers to unravels the various benefits of institutionalizing karma in organizations, where employees realize the position of karma(action) versus the other four aspects of an individual’s life, which are, arth(money), kama(desires), dharma (moral and social order), and moksha (self-realization). When employees are made to choose actions based on the concept of karmic chain rule, then organizations need not spend resources controlling and monitoring them. Employees would derive more meaningfulness from their mundane daily work, and get a broader perspective of their job descriptions.

Prof Ramendra Singh,IIM Calcutta

Ramendra Singh (PhD) is a faculty of Marketing in Indian Institute of Management, Calcutta, a leading business school of Asia. He is an alumni of IIM Ahmedabad, one of the top 10 institutes globally. He has authored multiple research papers in top international journals and conferences. Besides marketing, he has a strong inclination for western classical music, movies and tourism.

What motivates better performances in organizations

What makes some employees tick?

Employees need various kinds of motivational incentives in organizations. Not always the best paying organization has the highest employee satisfaction score, and thus a higher performance. So what makes employees deliver their best. Check out this wonderful video.

A Nice Job or Paychecks?

A major question each professional working in an organization often needs to ponder, what he needs in life. Is it the paycheck that counts or is it the job responsibilities? What should be the criteria while selecting and continuing a job? The answer, as is obvious varies from person to person.

A research carried out through a Delphii methodology identified that broadly at a very basic level of understanding, 4 criteria are important to most professionals while they choose a job. These criteria are definitely not exhaustive but are only indicative of what personal preferences of each professional may be like.

  1. Role offered (including future career opportunities): The role s important. You may not survive even two months in a job if you hate it.
  2. Pay package: The perception that you are getting a decent and fair pay compensating youfor your efforts properly is crucial. The package may not matter per se, but the fairness quotient matters.
  3. Reputation of the company: It has been seen that the company brand image has a direct implication on job satisfaction and employee retention. So the factor no doubt is crucial for most professionals.
  4. Job security: Who wants to wake up next day to be handed the pink slip? Job security, especially in turbulent economic conditions play a vital role.

The relative weightage of these criteria would vary from individual to individual, and infact research indicates there are much more complex criteria for job selection. However, a professional may treat these as the basic “Big 4” criteria while selecting a career.

Increase your personal value

Values of Asset
In our communities, cities, states, even countries, there are so many valuable assets. Yet, what’s the most valuable asset? If you said it is your your gold or your business or your dog then you’d be wrong! Did anyone ever tell you that life is controlled by your own hand? You are the most important asset in your life. Why? You are the one who is making the money. You are the one who is receiving the goods. You are the one who gets the benefit.

But each person’s value is different. It all depends on who you are; but you can also improve it by doing five things that listed below.

  1. Work Hard then Pay Well: If you are a manager of a food company, do you want to see your workers work hard or be lazy? The answer will be work hard! Every little action that workers made will change your thought about them.
  2. Take the Smart Choices : By taking smart choices, you will increase your personal value. The way I mean by smart is the knowing what’s right and wrong and the best deal out of every one that you hear. If you choose the right path to go with then your first step will be greater than others.
  3. Respect the Others : People will actually grade you from how well you respect the others. Respect has great importance in everyday life. In a long term relationship respect will actually be come trust. Whenever people trust you, your personal value will be increase.
  4. Care for others : Care for others as you care for your own family. Why do people need to care about the others? That’s the same question as why people care about their own family. Of course, in life you can’t be lonely. Caring will bring you good relationship with families, friends, workers, even your boss.
  5. Give Before You Try to Get : At work, your final goal is receiving that paycheck by end of every two weeks. But before you can do that, you will need to put your time into the company you’re working at. Nothing will come free or easy, but if you “give before you try to get” things will come soon or later.

Following these simple guidelines will surely create a difference to you personal value and how others percieve it to be.