Professional Documents
Culture Documents
Consultants
• Smart advice from strategic salary negotiation to how to be a star
performer at work.
• by Urmila Rao
• E Balaji, currently CEO, Ma Foi Management Consultants, has spent 15 years with the HR
consultancy firm and manages a team of over 1,200 professionals across 60 locations.
In an interview with Urmila Rao, he offers tips to job-seekers on a wide range of areas from smart
salary negotiation to making an impression in an interview to attaining good appraisal review and
being a star performer...
•
•
• Q: What do employers look for when interviewing a candidate?
•
A: Work ethics, honesty, loyalty, confidence and problem-solving ability are some of the traits
looked for in a prospective hire. The key 4 Es here are exposure, experience, expertise and
excellence. A student from a reputed college, without work experience, would be considered as
having an exposure to certain concepts and will be expected to demonstrate those in his
application.
•
A: I recommend focusing on the thre Ps: Presentation, Preparation, Positioning. When presenting, your
attitude, appearance and résumé presentation carries far more weightage than you would imagine in an
interview. Hence dress professionally and be punctual for your interview; it shows professionalism. Your
résumé is an opportunity to sell the brand ‘YOU’. Customise your résumé so as to highlight your skills to fit
the kind of job you are applying for.
Research thoroughly about the industry, company and job you are applying for. Ask relevant questions
(usually at the end of the interview). And prepare by taking mock interviews.
Formulate your responses using the STAR format [Situation, Task, Action, and Result] of answering
questions; this method relies on your prior experiences to predict future behaviour. As regards positioning,
all interviewers have a preconditioned mindset of the ‘best fit’ candidate. Hence positioning yourself in the
minds of the interviewer that you are the best fit, is the key. Are you a person with unique competencies or
superior skills for which specific companies are willing to pay a premium? And finally watch out for the big P
– Pressure!
A: Today, performance review systems are focused on career development and enhancement based on
open and detailed discussions with one’s superiors. Many organisations are now moving towards a 360
degree feedback system wherein a performance review is sought from all sources that an employee has an
interface with, which includes peers, team-mates and reporting seniors. For an effective appraisal you must
be open to communication with peers and reporting seniors, and have a clear understanding of key
performance indicators.
A: Salary negotiations are the most sensitive yet important conversations of your career. Once the company
has decided to hire you they will look at the least expensive Cost-to-Company to get you on board.
Accepting whatever the companies offer may make you appear weak and not worth your mettle. Yet being
over-aggressive and pushy at the negotiation table may leave a bad taste in the mouth, especially knowing
that you have to work with these people on a daily basis from here on.
Being well-prepared on what would be a good compensation for your experience and expertise, goes a long
way in the negotiation. Often the compensation could be coupled with equity or other perks. Study these well
to see if they match what you want. Don’t accept a salary lower than what you are worth in anticipation of
future hikes. Understanding how much you need the company and vice-versa, will also give you an idea of
your stance in the negotiation.
Knowing when to stop negotiating can be tricky. It’s not a case of who wins. If you refuse to bow down they
will begin to think that you are a wrong choice. When you know it’s time, accept your offer with grace, and
thank the management for its time. When turning down an offer, thank management for the negotiation; it’s
professional and refined.
Q: Which sectors have potential for a promising career in the near future?
A: Green jobs throw open several career options that are both meaningful and promise growth. Green-collar
jobs are accessible to people from varied educational backgrounds and professions, engineers, bio-
technologists, environmentalists, auditors, accountants, scientists, economists, media professionals and the
like.
Telecom was one of those highly resilient sectors, which weren’t too affected by the recession. Infrastructure
projects – roads, bridges, and railways are gaining momentum - and were one of the first few to experience
a revival. Animation and gaming is an interesting and new avenue. Even private banking players are
recruiting actively especially in wealth management, microfinance and insurance. The automobile industry is
also revving up!
Q: How can a professional identify the best job profile for himself?
A: Several personality profiling tests available in the market help guide a candidate in identifying the right
career path. Apart from this it would be advisable to study your inherent traits and qualities and look for jobs
that necessitate these qualities in abundance.
Q: Is it true that freshers who take up jobs in an economic downturn situation end up being in a
disadvantageous positions?
A: More than a year back, there were unrealistic expectations on pay packages and growth rates. Freshers
got unbelievable salary packages. Experienced candidates sometimes got 200% hikes in a single year!
There’s a definite correction happening in the job market. The new, more normal economy will be seasoned
with reduction in salary and benefits. Today, many are happy to keep their jobs and retain current salaries,
even when presented with higher salaries. However, finding good talent has become tougher. Hence
freshers have a greater chance of finding the right job.
A: Constantly updating oneself technically, skill upgradation and active participation in learning and
development programmes offered within the organisations is recommended. Finally ensuring a sound
connect with the market, through professional networking sites such as LinkedIn will add some fillip to your
job retention strategy.
• When you apply for a job opening, dozens of candidates have probably done the same.
So, how do you ensure your resume stands out from the pile? What is it that companies look for
while short-listing candidates? Here's the lowdown.
So, if you are part of student's associations or an NGO, stress on these points. Of course, academics is the
first thing that recruiters see, but extra curricular excellence does count.
Talk only about business interest: Trash the habit of mentioning interests like singing, dancing, music,
swimming, painting or astrology. That's a complete passé. 'Talk only about your business interest,' says
Sunil Kalra, consultant to a leading HR firm. And be well prepared. If you say your interest lies in reading,
'Then know the book inside, out, upside, down,' emphasizes Kalra.
Gain proficiency in a professional area: While studying, gain competency in an area that will hold you in
good stead in your professional career. Learn basic computer skills. Having done that, move on to adding
other skills like Coral Draw if you want to get into computer graphics or learn accounting software Tally if you
see your future in accounting.
Personal Initiatives: The companies also see the personal initiatives that you have taken to add on to your
skill and knowledge base. While it hints your progressive mindset, 'It also subtly, positively speaks of your
career consciousness', says Kalra. Candidates should highlight those events where their ideas have been
implemented their analytical skills have been applauded.
OTHER MUST-DOS
Be Specific: If you are applying for a position in sales and marketing vertical, a requirement which is across
industries, should you tailor your CV every time? Not really. Just be specific.and highlight the best fit
experiences
Remain updated: Be aware of the news and current affairs. 'Read newspapers', advises Rajesh AR. Read
business writers. Focus more on your field
Communication skills: Work on your verbal communication skills and writing skills. Prior to the interview,
prepare a list of questions that a recruiter might ask, write down the answers and read it aloud to yourself.
Keep your answers to the point.
Use these pointers and rest assured you will get an interview call no sooner your CV reaches the recruiter.
QUICK TAKE
Keep your CV short. For fresher's it's a page and a half. For mid- level executive not more than two-pages.
CV should be business-led. Mention business interests and not personal
interests like cooking, singing etc.Companies see whether your career
interests are in line with what you have done in the past and whether your
achievements substantiate that, says Payal Dhar, SBU, Head Operations,
Naukri.comBe updated on the news and current affairs. Be well-read in your
respective field Keep taking personal initiatives to enhance your knowledge
and skill base
• by Vatsala Kamat
There's still much work to be done to land into a job of choice - with a salary you would be
comfortable with. Negotiating your salary in your first job may not appear simple. And there's
reason to think so.
One, it is the first formal interview where you will have to sell your skill sets.
Two, you don't have work experience or a track record, which reflects your abilities, and could help
you negotiate for a better salary.
Three, your underlying concern that you might undersell your skills.
Well, getting a headstart needs some effort on your part. 'It is important to understand yourself and
the industry in which you seek a job, fairly well,' says A Sudhakar, Managing Director, Stepstone
India (P) Ltd, a career and recritement portal. Even the brightest student with the best track record
could get a raw deal if he goes totally unprepared the first time round. You perhaps get the hang of
it much later as you change jobs.
Negotiation of compensation package requires introspection on the part of the candidate. It also
needs maturity in thought, besides communication skills during the interview. In a sense, there are
some human resource consultants who believe that passion for one's job will in the final run pay
rich dividends. 'Find out what you love doing and get someone to pay you for it,' advises Achyut
Menon,&nbspFounder of Options Executive Search Pvt Ltd, a Hyderabad-based recruitment
firm.
Tips for the first-time candidate to work your way through an interview and ensure a fair
salary:
It's appropriate to allow the employer to initiate the discussion on salary. Also, do not be argumentative or
dismissive of an offer at the interview. In fact, there is no harm in being polite and requesting for time to
revert. However, according to Sudhakar, 'Do not stretch your luck too far during times when the job market
is not too buoyant. Most freshers refuse jobs in the hope that there is always a better one waiting ahead.
They forget that in the next six months or so, there is another batch of students hitting the job market.'
Know yourself
Even as you are being interviewed for the first time, bear in mind that it may not be so for the interviewer. He
may have met scores of candidates earlier and can see through falsehood or inconsistency. Always
remember what you have communicated about your achievements and salary, either in your
resumé&nbspor, to the human resources consultant or, in your earlier round of interview with another
company official.
Above all, be fair in your salary expectation, else you may be doing grave injustice to yourself. 'Candidates
must know that salaries to some extent take into account the status of the educational institution and your
personality,' adds Sudhakar, who explains how students returning after completing their postgraduate
degree overseas expect sky-high salaries in India. Bargaining beyond set salary structures may put off a
prospective employer, as from his perspective, 'The company needs to invest time and effort to train a
fresher in the job,' adds Menon.
For instance, are you looking for employee stock options? Do you prefer a higher variable component in the
salary which is performance-driven? What kind of perquisites or incentives do you seek from your employer?
Is a secure job your priority or are you willing to handle start-ups? Joining a start-up is risky but offers
tremendous growth potential if you are willing to risk the initial years and rough it out, as the company grows.
In the final run, there have to be some compromises a fresher might have to make as it needs to be a win-
win situation for both you and your employer. Understand that even as your prospective employer wants you
to feel good about joining his company, he wants you at the least cost to company. Does that meet your
expectations? Well, your first job could be one of your best learning experience in earning.
• by Prashant Yadav
•
• A great first job can go a long way in paving the
road for a rewarding career. That's why campus
placements occupy a student's mind right from
the day he or she enters professional college.
But approaching them in a systematic manner,
is a must.
• Step 1: Build a résumé
IIM students get started six months ahead of
placements. What's more, the résumé
undergoes at least 30 cycles of change and
review!
Illustration: Gouri Nanda
Start by reading at least 15 articles on
résumés, online, and develop your own understanding of what constitutes a good
résumé.
The layout must be clean avoid unnecessary clutter, fancy fonts or colours. Keep the text sharp by
editing out unnecessary words but at the same time highlighting your strengths.
Choose your words strategically. For instance, 'Was captain of my college cricket team at the inter-
college sports meet' could read as 'Led my college
cricket team in the inter-college tournament.' Three-point format - an example
A useful rule of thumb while deciding what to include in BTech Project: To transmit Internet
the résumé - see if it really helps the recruiter data signals through power
make a decision about you. For instance, writing your transmission lines
father's name or marital status (in most cases) adds no
value.
o Designed
Projects, training and internships must be described in coupling and decoupling
such a way that they reflect your contribution. You could circuits for the two signals
use a three-point format, each point not more than one and analysed signal fidelity
sentence - project objective, what you did and what you and interference using
achieved, that is, the result (see table below). software simulation
(MATLAB) and physical
assembly
Highlight extracurricular activities where you excelled over others.
Show the first draft to your Training & Placement Officer (TPO), a
lecturer who has worked in the industry or anyone with o The prototype
professional exposure whom you can trust for the right guidance. worked as per design and
Get it reviewed by as many people as possible and incorporate a proof of concept was
whatever feedback that makes sense to you. achieved further testing
required for practical
implementation.
o Read: Does your resume stand out?
o Get someone with industry experience (and of course, the willingness to help), to review
your answers. Revisit your answers and incorporate whatever feedback makes sense.
o The objective is to portray that you know yourself well enough to be able to make sound
career decisions. When someone asks you about your strengths and you take two minutes to blurt
out a badly-formed answer, he would think you don't know yourself well enough and hence he
cannot trust you when you say you are interested in working for his company. All the thinking that
can be done before the interview should be done before the interview.
o Get someone - Ask your friend, senior or TPO to interview you and give you objective
feedback.
Knowing the company and industry, adds credibility when you say you want to work there. Being well-
informed reflects interest, a potential to become productive early, and also one's ability to make a sincere
effort.
You could give the tie a miss. If not, then make sure you are comfortable - wearing a tie in the hot summer
sun and getting drenched in sweat is hardly impressive. Just to reinforce, err on the conservative side. For
instance, avoid metal embellishments on shoes and breast pocket buttons on shirts.
Women have several options when it comes to formals. A light-coloured formal shirt and black trousers or a
simple, light-coloured saree or salwar suit, will do. Avoid something too flowery or ornate, and team it up
with a pair of formal shoes (but avoid pencil heels!).
Campus placements can be one's ticket to a great future. Plan well, prepare hard and be positive.
Prashant Yadav is CEO, Bodhisutra.com, and an alumnus of IIT Kharagpur and IIM Ahmedabad.