How to Manage Star Performers and High Achievers
What do the Terms Star Performers and Fast Trackers Mean? In every organization, some employees are designated as Star Performers and Fast Trackers by the Managerial and the Human Resources Professionals. The term Fast Trackers refers to the internal classification of some employees who are expected to move faster up the hierarchy than other employees […]
Human Capital Management – Meaning and Important Concepts
To understand the meaning of Human Capital Management let us first find out the meaning of “Capital”. What does the word “Capital” stand for? Capital refers to already produced durable goods which further contribute to the production of goods and services. In simpler words, capital refers to any produced good/service which enables an individual/organization to […]
Systematic Approach to Training
A comprehensive training programme involves the systematic development of various competencies and facilitating the development of the knowledge, skills and attitude required by the employees at work. It includes specific interrelated and interdependent steps which progress systematically for getting the desired outcomes from the training & development efforts. Understanding Organization’s Aims and Objectives The systematic […]
Rewards Management: Is Skyrocketing Executive Pay Justified ?
Excessive Executive Pay is the Problem In recent years, the topic of excessive executive pay has been at the forefront of efforts to promote good corporate governance. This is because there have been understandable and genuine concerns about this aspect, which is leading to, some effects on the governance structures of companies. For instance, the […]
Career Management – Meaning and Important Concepts
Career management is conscious planning of one’s activities and engagements in the jobs one undertakes in the course of his life for better fulfilment, growth and financial stability. It is a sequential process that starts from an understanding of oneself and encompasses occupational awareness. An individual’s career is the sole source of one’s natural expression […]
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
