Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
Chinese firms were seldom thought of being anything apart from copies of their western counterparts. The snobbish inhabitants of Silicon Valley never thought that these companies would amount to much. However, the reality has become very different. China today has about 25% of the world’s unicorns i.e. tech startups with a valuation greater than $1 […]
Why do you think an individual is recruited? Is it because he/she is qualified enough to do justice to a particular role or he/she belongs to the religion you belong? The answer is very simple. Obviously an individual is hired because the company feels that he/she can contribute to his/her level best towards achieving organization […]
Expected default frequency (EDF) is an important metric to be considered during the mitigation of credit risk. It is commonly used in many formulas used to predict future credit risks and default rates. The term expected default frequency (EDF) actually refers to the KMV model which was developed by credit rating agency Moody’s. The model […]
In the previous couple of articles, we have tried to understand what salary caps are. We also know the different types of salary caps, where they are followed across the world, their objectives as well as their advantages. It needs to be understood that the salary cap system is not free from its flaws. In […]
With the advent of globalization, organizations – big or small have ceased to be local, they have become global! This has increased the workforce diversity and cultural sensitivities have emerged like never before. All this led to the development of Global Human Resource Management. Even those organizations who consider themselves immune to transactions across geographical […]
Communication has it two ways – one is verbal, and the other one is written or non-verbal. The way communication is important in any discussion, listening is also crucial part and cannot at all be ignored.
For any business, it is very important to listen to your customer first to understand them further. Hence every organization seeks for people who are not only good at communicating but also at listening attentively to their customers.
You might be thinking what is new in this? We always hear our customers and accordingly act. But here, it needs to be clarified that there is a fine line separation between hearing and listening.
Hearing sometimes may not involve understanding, but if you are listening to someone, it mostly should understand the other person as well. Listening helps to not directly hopping into any conclusion. It avoids assumption. Listening can be helpful in learning something new.
In a group discussion, there will be many people who would speak and would want to put their point forward. Listening to them does not mean that you would not take a step and initiate your own conversation. Listening here mean understanding their views fully and then put your point in a clear manner.
Remember the time, when we used to be students and resisted to ask for clarifications from teachers in the classroom? That does not work in today’s context.
In today’s time, if there is any ‘why’ in your mind, you should ask. During the Group Discussion, you should, of course, ask for clarification if you have a doubt. Why should you ask for clarification?
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