corporate newbie ( from campus to corporate)
DESCRIPTION
Brief insight into what corporate expects from students and how they need to develop themselves in order to foster their corporate career.TRANSCRIPT
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Agenda
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Industry Analysis
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Earlier Economy Vs. New Economy
• Intense competition –open market
• Multiple sector –global opportunities
• Tighter tax laws
• Controlled markets –low competition
• Few industries / sectors –largely domestic
• Lax tax laws
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Job Opportunities Earlier Economy Vs. New Economy
• Limited type of roles/careers
• Roles for ‘qualified’ people
• Low salary differentiation across Industries
• Multiple roles/careers
• Reducing linkage between qualification and role
• Rapid growth in base salary levels
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ProfileEarlier Economy Vs. New Economy
• Graduates or Engineers
• Few Post graduates /management graduates
• Savings mentality
• Stature conscious
• Mindset about select type of careers
• Specialists in addition to regular professionals
• Mentality to: –Spend –Get rich quick
• Open to multiple careers
• Increasing consciousness of what I want
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ExpectationsEarlier Economy Vs. New Economy
• Having a good job
• Long term association with a company
• Growth over a period
• What I get determines where I go
• Short associations
• Rapid growth
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Remuneration Objective Earlier Economy Vs. New Economy
• Pay for qualification and Experience
• Differentiate through overt Symbols
• Exploit tax loopholes
• Attract & retain talent
• Pay based on value
• Be legally compliant
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Remuneration Structure Earlier Economy Vs. New Economy
• Multiple allowances
• Grade based perks
• No performance linked pay
Fixed pay –With freedom to individual
Performance linked incentives
ESOP
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Likely Future Trends
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Future Trends • Qualification v/s Role mismatch
• Money …. search for satisfaction
• Increasing awareness of interests
• Short tenures: investment in Individuals dilemmas
• Need for continued relevance : Current employability v/s future
• Employability
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The Future Trend of Employees
• Creating wholesomeness for individuals
• Freedom to Individual
• Organization driven
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Hypothesis on future Remuneration Trends• Net Present Value v/s Future Earning Value Enhancer
• Building employability value
• Shifting focus from present to present & future
• Individualized / Customized Remuneration:
• Different drivers for different People
• Based on individual interests
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Into The Micro World of Students
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Luck is when preparation meets opportunity.
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Where do you see yourself after your degree???
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Is this what you want???
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Where is the Gap???
• Attitude
• Domain Knowledge
• Self Confidence
• Communication
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If you don't think and plan your career
Wrong choice may lead you to a dark door !!!
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What Freshers Do???• Package
• Brand Name
• Bond Duration
• Training
• Sacrifice their interest for money
• Solely depend on Institute
• Designation and position
• Location
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What Corporate Expects From Freshers ???
• Right Attitude
• Hardwork• Quick Learner • Honesty •
Basic Domain Knowledge
• Longevity & Integrity
• Creative & Energetic
( Hire for right attitude and train for skill )
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The Gap What Corporate expects and what they actually get.
Parameters Industruy Expectation
Performance Gap
Attitude & Ability to learn 93% 47% 43%
Domain Knowledge 92% 30% 62%Commitment & Dedication 94% 37% 57%
Self Motivation 92% 37% 55%
Ethical Behaviour 87% 42% 45%
Self Decipline 93% 34% 59%
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Your Next Step
• Develope positive attitude
• Retention & use of knowledge
• Plan your work and work your plan • Challenge yourself to sharpen your skills
• Push your limits
• Do it for the cause, cause is for yourself
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Skills For Success In The Industry
● Combination of generalist and specialist knowledge
● Good communication skills
● Effective interpersonal skills
● Apply appropriate theoretical and practical knowledge
● A personal commitment to professional standards
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Hmm.. I can do that
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Start Changing yourself today... Its now or Never
If you wait, all that happens is you get older.
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Thank You