Social Entrepreneurship at its best Microfinance and the Revolution in the Third World
How Small Entrepreneurs face lack of access to capital In recent years, prominent among the revolutions in personal finance and savings has been the rise of microfinance or microcredit as it is also known as. To understand how this works, picture yourself as a small businessperson (you can be a farmer with a marginal landholding, […]
Job Analysis Tools
Job Analysis supports all other management activities including recruitment and selection, training and development need analysis, performance analysis and appraisal, job evaluation, job rotation, enrichment and enlargement, a right job-individual fit creation and regulation of entry and exit of talent in an organization. The process is the basis of all these important management activities, therefore, […]
Process of Employee Engagement
This is the hardcore fact that the future business performance and revenues and profitability of an organisation no longer depends upon traditional capital management and investment and portfolio management. But the success of any organisation in this constantly changing world of work depends upon human capital management. The companies who understood this fact long before […]
Hiring Strategies followed by Organizations
People are the lifeblood of any organization. Whether the organization is in the traditional sectors like manufacturing or it is a “new economy” based one like IT and ITES, it needs to be staffed with people of caliber and mettle. Hence, the kind of people that an organization hires is critical to the success of […]
What is Group Discussion and How is it Different from a Debate
Hiring is not an easy process as it seems to be. For hiring a suitable candidate, recruiters may conduct several rounds to assess the skills of that person, so that the company is sure enough that it is choosing the appropriate candidate for the vacant position. Group Discussion is a part of the hiring process, […]
If you are in a business school or college, chances are that networking would be useful to you to make a difference in your eventual career.
For instance, networking can be a great method of knowing about how the real world companies work and this is especially important for those business school students who want to make a mark in investment banking and consultancies as their seniors and fellow alumni can enlighten them about the skills and the traits needed to make it big in these professions.
Moreover, it is a known fact that many companies like to offer summer internships and placements to students from the institutes where those companies have recruited in the past and therefore, keeping in touch with alumni can greatly help the students to get a foothold in the corporate world.
Apart from this, students can also benefit from networking by knowing about the latest business trends and happenings in the corporate world and preparing themselves accordingly to take advantage of the latest trends.
Of course, as we mention in the next section, it would be better if networking were kept at the professional level and unethical practices avoided as far as possible. The key aspect here is that as long as networking is done for positive purposes, it yields good returns for everybody.
Networking does not end once one graduate from school. In fact, it enters a new phase when one starts one’s professional life. Networking is very important for one’s career growth as new opportunities and job offers that are not publicized can come one’s way.
Further, by having one’s resume forwarded by one’s peers and friends, there are more chances that one can get recruited as many companies depend on internal referrals for recruitment.
Apart from this, professionals can get to know the tips and strategies that would contribute to success from one’s professional networks.
Indeed, one of the downsides of professional networking is insider trading that is exemplified by the recent scandals in the United States where many Asian Americans were convicted because they were passing on tips about stocks to each other.
Leaving aside these downsides, professionals need to remember that as long as they keep the interactions at the level of professionalism, networking can be a great method through which one learns new aspects about one’s career and professional growth.
Therefore, do remember to update your LinkedIn profiles whenever you change jobs and do remember to network with as many people as possible.
With the advent of social media and web 2.0, networking has become a lot easier. It is no longer necessary to research the whereabouts of school and college friends as well as professional colleagues as Facebook, LinkedIn, and other social media tools allow us to keep in touch with our entire network of acquaintances across countries and continents.
Indeed, the advent of social media has made networking into a mass based activity wherein anyone with an internet connection can connect to anyone in the world anywhere and anytime.
This is the power of social media that is being harnessed by alumni and professional networks in their quest to engage with peers, friends, and colleagues.
Indeed, alumni meets are now being organized easily and at times, in the virtual world as networking has taken on an entirely new dimension with social media. If you just join Facebook or LinkedIn, chances are that you can connect with your classmates, bosses, subordinates, coworkers, and even recruiters who can offer you good leads for your next career move.
Having considered the various aspects of networking, it would be worthwhile to note that networking is indeed important at each stage of one’s education and career. After all, it does not harm to say the occasional hi to one’s peers and it is certainly important to wish one’s connections in Facebook and LinkedIn on their birthdays.
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Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
