It is a pity that several interviews are conducted by the line managers and recruiters in a hasty manner without putting serious efforts and homework. Some interviewers even do not read resumes before the interview. They casually ask candidates with an opening question and glanced through the resume when the candidate is speaking without giving any serious attention to their feedback. Then after, they randomly pick-up a few points, and shift to judgmental mode and arrive at a conclusion of suitability or otherwise very fast, usually in 20-25 minutes and then wrap up in the next 5 minutes or so. Lot of interviews are being done in these fashions though there are some exceptions.
Do we need to hire human capital like this? Human capital is the most precious asset in an organization. They can make or break an organization. Few correct selections of manpower can bring greater vibe and energy into the organization and help turnaround business performance. Sametime, few incorrect selections of manpower can create havoc in the organization and gradually can ruin the organization. It is like “one rotten apple can spoil the entire basket”. Interviewers need to do some homework and prepare well prior to the interview. Most importantly they need to allocate sufficient time. In the first round, hiring managers need to earmark at least 60 to 90 minutes. You may prolong or cut short as you go along during the discussion. Consider as if you are acquiring a fixed asset and the kind of check and balance you are required to perform. The same level of efforts and caution required too while selecting or rejecting a candidate. Conducting a second round of interview helps a lot both ways. This gives an opportunity to the candidate to express fully to claim suitability and to the interviewer to have a relook for a potential fitment or otherwise.
Some organizations require prior industry wise experience. We can understand if they are hiring a CEO, COO or CMO. But the same mandatorily not required if you are hiring for service functions like finance & accounting, commercial, information technology, human resources and so on. A person having excellent skills in sales and marketing will be very successful, even if coming from a different industry background compared to a person coming from the same industry lacking those skills. Ambitious, energetic and high achievers love to take challenges. It is a good proposition to identify and hire those kinds of people having these behavioral skill sets in comparison to people having several years in the same industry and lacking skill sets in a challenging environment. Persons having the right skills can sell ice-cream to Siberian Eskimos whereas persons not having these skills even fail to sell ice-cream to Bedouins of the Arab deserts.
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UNVEILING DIGITAL HEALTH AND ELECTRONIC HEALTH RECORD THE IMPENDING MECHANISMS TO AMELIORATE HEALTHCARE EFFICACY IN INDIA
With sustainable economic growth potential and foreseeable improvement in public service delivery, India needs instruments to improve sectoral productivity in healthcare. In the modern world of technological advancements, digital intervention is inevitable to increase healthcare effectiveness. Digital health includes multiple digital care mediations ensuring the convergence of digital technologies with wellness, treatment, healthcare, and society to improve the efficacy of service delivery and make medicines more explicit and user-specific.
IMPLEMENTING AN INTEGRATED HOSPITAL COST MANAGEMENT SYSTEM
The unique features of Healthcare Sector and their Business Process Flow are a big challenge to implement an Integrated Cost Management Solution. Even though a Hospital may have an effective Medical Information System of Patients and an ERP, they still struggle with implementing a Costing System; this is because the information is in different Silos. To implement an effective Costing System, the cost structure should be either inbuilt in the ERP or should have information flowing in from the Accounting and Patient Information. Identifying the Cost Elements and their classification, defining Cost Objects and their hierarchy and mapping the flow of information from Accounting and Medical Information System are pre-requisite for an Integrated Cost Management Solution. With the rapid development in information technology many IT firms/ERP use Data Connectivity for seamless integration. An integrated Costing System will facilitate online reporting and help Management in decision making on Pricing, Profitability and Cost Control.
INAUGURATION OF LONDON OVERSEAS CENTRE OF COST ACCOUNTANTS ON 23rd JANUARY 2021
On the auspicious occasion of 125th birth anniversary of Netaji Subhas Chandra Bose on 23rd January or ‘Parakram Diwas’ this year, The Institute of Cost Accountants of India added a feather in its cap through the grand opening of London Overseas Centre of Cost Accountants (LOCCA), the first ever European centre in the heart of London. It was highly supported by British Deputy High Commission, Kolkata, India Business Group and UK India Business Council.
EMPLOYEE WELLNESS PROGRAM: ITS BENEFITS SURPASS ITS COST
When a person falls ill, it costs a lot not only in monetary terms but also in terms of his mental well-being. Not only the person who has fallen ill suffers, his family, friends also have to suffer because of his illness. The same logic applies to an organization also. When an employee falls ill, the whole organization suffers. In order to avoid such damages and disturbances, precautions are to be taken. For that, employee wellness program is a great panacea. Employee Wellness Program is the program run by an employer in order to improve employee health and also to help an individual employee to overcome any specific health related issue. So, the organizations should implement such Employee Wellness Programs to reap the benefits of the same. In this article, how Employee Wellness Programs can be executed, types of wellness programs and their benefits are discussed.
DIGITAL TRANSFORMATION ADVANCEMENTS IN APPLICATIONS OF BLOCKCHAIN TECHNOLOGY THE EVOLVING POWERHOUSE OF INDUSTRY 4.0
The idea for processing transactions in a cryptographically secured chain of blocks was first revealed in 1991 by computer scientists Stuart Haber and W. S. Stornetta.
VISION OF “ATMA NIRBHAR BHARAT” ROLE AND SIGNIFICANCE OF MSME
The present paper aims to explore the changing role of MSMEs (Micro, Small and Medium Enterprises) in making India ‘Atmanirbhar’.
REVIVAL OF MSMEs (POST COVID-19) STRATEGY OF CMAs
Abstract There has been an unprecedented slowdown due to Covid-19 and MSMEs are worst affected. Given their pivotal role in Indian economy, urgent measures need to be taken for their survival, revival and growth. Indian Government has taken various initiatives including Atma Nirbhar Package, however, still majority MSMEs are looking for timely guidance and hand holding at this critical phase. CMAs are known for rich experience in finance, domain expertise in cost management and sound knowledge of Indian regulatory mechanism. CMAs can play role as ‘Economic Warrior’ while offering customised strategy for revival of ailing MSMEs which will in turn boost up economic growth and help our grand nation to be ‘USD 5 Trillion’ economy soon.
MICRO, SMALL & MEDIUM ENTERPRISES IN NEW TECHNOLOGICAL ERA CHALLENGES & ROAD AHEAD
Abstract We live in the world which is rapidly changing due to technological advancements. The technological advancements lead to fourth industry revolution which is known as “Industry 4.0”. This digital revolution is changing the business models of all manufacturing & service industries whether it is large, small or medium. The need of adopting latest and modern technology is realised not only for large scale industries even small and medium size industries to compete in global market.
INTERVIEW INTERVENTION INTERVIEWERS NEED TO EQUIP WITH INTERVIEW TECHNIQUES
Abstract: Human assets are the most precious assets in an organization. Interviewers need to do a lot of homework before an interview. They need to keep the industry and age syndrome at bay, while shortlisting resumes. First impression of a candidate though great but should not be given too much weightage, rather go deep into the career to observe the kind of value creation they can bring to the organization. Interviewers should be able to establish whether the candidate is a real one, reliable and can be trusted upon and not a good actor. The key to have a successful interview is to test with situational level questions. Candidates who have got quality work experience and possess the right skill sets will be able to respond adequately with solutions and separate themselves from others. Do an ethical test to figure out honesty. Interviewers should be futuristic rather than focusing on the past.
INTERVIEW: CMA Umesh Dongre (ICoAS)
Director (Finance) and Chief Financial Officer Rashtriya Chemicals and Fertilizers Limited, Mumbai
A New Pipeline
The global tech company Infosys wanted to diversify its hiring. But to get it right, it needed to rethink a lot more than just its recruiting methods.
इंफोसिस 100 अरब डॉलर के पूंजीकरण वाली चौथी कंपनी
टीसीएस, रिलायंस इंडस्ट्रीज और एचडीएफसी बैंक पहली तीन कंपनियां
आयकर पोर्टल में समस्याओं को लेकर वित्त मंत्री की इन्फोसिस के सीईओ से मुलाकात
सीतारमण ने सीईओ पारेख को तलब किया था
Time to soak in sunshine
The IT/ITES sector witnessed significant digital transformation in recent years. The numerous initiatives that began indicate action-packed times ahead
IT Majors Project Healthy Fiscal Road Map With Robust Q1 Results
Pandemic-driven demand for IT services globally has brought a rich deal pipeline to India's biggest IT firms. Digital transformation in BFSI, retail, and healthcare bodes well for the future.
Domestic Indices Continue With Upward Trend
Trends such as robust pent-up demand, change in consumer preference and low housing loan rates are expected to continue the rally in real estate stocks in the coming months.
Techade REDEFINING FUTURE OF life sciences industry
Digital transformation is the topmost priority for global corporations and in a highly connected world that will remain largely contactless for an extended period, there are shifts in business models, customer experience, operations, and employee experience. With technology adoption accelerating across sectors, 2021 is likely to put the spotlight on the emergence of growth verticals in the life sciences sector namely healthcare, pharma, medical devices, diagnostics etc. India is now standing at the cusp of a re-imagined decade of technology, commonly being referred to as ‘Techade’. While we anticipate a significantly better global economic growth this year as compared to 2020, we are also very much looking forward to the enhancement being brought to the Indian life sciences industry as it continues its transformation journey in this redefined techade.
इन्फोसिस ने आय अनुमान बढ़ाया
बेहतर नतीजों से उत्साहित कंपनी ने आय में 14 से 16 फीसदी वृद्धि का अनुमान जताया
इन्फोसिस आयकर पोर्टल दुरुस्त करे
नए-नवेले आयकर पोर्टल में तकनीकी खामियों की शिकायत आने के बाद केंद्रीय वित्त मंत्री निर्मला सीतारमण ने उसे तैयार करने वाली नामी सूचना प्रौद्योगिकी (आईटी) कंपनी इन्फोसिस से खामियां दूर करने को कहा है। सीतारमण ने आज ट्वीट किया और इन्फोसिस के चेयरमैन नंदन निलेकणी से कहा कि 'करदाताओं को निराश नहीं होने दिया जाए।'
ब्रिटेन में अगले तीन साल के दौरान एक हजार नियुक्तियां करेगी इंफोसिस
कंपनी नौसिखुआ को महत्वपूर्ण प्रशिक्षण और मार्गदर्शन के अवसर प्रदान करेगी