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Abhipsa Barik, profile picture
Uploaded byAbhipsa Barik
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Corporate Newbie ( from campus to corporate)

The document compares and contrasts the earlier economy and the new economy across several factors. It discusses differences in industry analysis, job opportunities, employee profiles, expectations, remuneration objectives and structures, and likely future trends between the two economies. It highlights aspects of the new economy like intense competition, global opportunities, multiple roles and careers, performance-linked pay, and an emphasis on developing employability for the future.

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Agenda
Industry Analysis
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
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
Profile Earlier 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
Expectations Earlier 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
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
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
Likely Future Trends
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
The Future Trend of Employees • Creating wholesomeness for individuals • Freedom to Individual • Organization driven
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
Into The Micro World of Students
Luck is when preparation meets opportunity.
Where do you see yourself after your degree???
Is this what you want???
Where is the Gap??? • Attitude • Domain Knowledge • Self Confidence • Communication
If you don't think and plan your career Wrong choice may lead you to a dark door !!!
What Freshers Do??? • Package • Brand Name • Bond Duration • Training • Sacrifice their interest for money • Solely depend on Institute • Designation and position • Location
What Corporate Expects From Freshers ??? • Right Attitude • Hardwork • Quick Learner • Honesty • • Longevity & Integrity • Creative & Energetic ( Hire for right attitude and train for skill )
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%
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
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
Hmm.. I can do that
Start Changing yourself today... Its now or Never If you wait, all that happens is you get older.
Thank You