Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
The ultimate objective of management graduates is to land their dream job and to start a highflying corporate career. The placement interviews are thus the doorway to opportunity and hence, management graduates must put in all their efforts in making it a success. This means that the preparation for the placement interviews must start well […]
The four career choices analyzed here are entrepreneurship, freelancing, sabbaticals, and regular full time employment. While all of these are attractive to different individuals, the bottom line for any career choice is how well you are able to support yourself and your families. In addition, feet on the ground approach is preferable as many career […]
In one our write ups we mentioned the problem of succession planning in organizations. The basis was the SHRM survey of 2003 that found out that 60% of organizations have no succession planning at all. We discuss the phenomenon in detail here. What is succession planning and when did it emerge as a problem? What […]
Knowing employees plays a crucial role in motivating employees to deliver their level best. Knowing employees helps managers to understand their needs and expectations from the organization. Managers need to know whether their team members are happy with their jobs or not? Do not make your employees feel ignored or left out. Believe me; they […]
Consulting is a Dream Come True for many B-School Graduates Many management graduates and professionals “dream” of getting into consulting jobs during their placement season or afterwards. The allure of the glamorous consulting profession is so intense that many management graduates enter the business schools with the sole intention of being recruited by the consulting […]
Getting a job in these recessionary times is difficult. More so, getting the dream job of yours in a coveted company is even more difficult. Hence, you need to not only hold the job once you get it but also ensure that your performance exceeds expectations of your manager and the organization.
First, fresh graduates entering the corporate world have to understand that the college days are over and hence, they must behave and act in ways that resemble mature professionals rather than wet behind the years nerds.
For instance, in the corporate world, there is zero tolerance towards any violation of the company’s policies unlike in college where students are usually let off with a warning except in cases of serious misdemeanor. However, once you are in a job, you must be cognizant of the fact that any deviations from the company’s policies are viewed very strictly and might even lead to termination of your services. This includes adherence to the code of conduct, ethics policies, and anti harassment policies.
Next, fresh graduates have to understand that productivity and excellence are much valued in the corporate world as well as teamwork and being a team player. Therefore, unlike in college where individual brilliance is valued and grades accorded to individual excellence, the corporate world favors team brilliance and group performance. Therefore, it is as important to share and work in a team as it is important to perform at an individual level.
Third, the corporate world in recent years has become more of a lateral entry-hiring place where fresh graduates are taken only in big companies that have the need for hiring thousands of employees.
In most other companies, they are hiring only those with at least a couple of years experience and hence, graduates must do everything possible to bag the first job that would serve as an entry point into the corporate world.
Even the big companies have been deferring the on boarding process of fresh graduates because of the ongoing recession and this has led to many graduates having to wait for the elusive joining letter. In these cases, it would be better if these graduates spend the time acquiring new skills and attributes that would give them an edge over others once they join the job.
Fourth, fresh graduates have to remember that navigating the relationship with one’s manager is very different from navigating the relationship with one’s professors in college. Therefore, professionalism and a positive attitude that outgrows the collegiate habits are needed for success in the corporate world.
Apart from this, hanging around in groups from the same college, cracking jokes that are out of place at the workplace, and generally behaving as though the workplace is an extension of college are traits that are not appreciated in the corporate world.
The fifth aspect has to do with taking care of things like paying taxes, maintaining financial propriety, and ensuring proper management of one’s finances. For instance, it is common for many fresh graduates to not file the income tax returns even after a couple of years into the first job or the career. This is not only a violation of the rules but also something, which goes against the grain of many standards of ethics and professionalism.
Apart from this, there is a need to be overboard in claiming benefits and allowances from the company and fresh graduates have to remember that many companies are especially monitoring them because they know that for one, these is the segment that is unaware of the rules and second, this is the segment that has the tendency to overstate the claims and allowances more than the other segments mainly because of lack of experience but also because of the temptation to augment one’s salary and benefits.
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