Showing posts with label New hire. Show all posts
Showing posts with label New hire. Show all posts

Wednesday, August 1, 2012

Make your part-time MBA work for you

Make your part-time MBA work for you



Have you currently graduated from a part-time MBA program? Do you find it difficult to capitalize on your MBA? Well…...you are not alone. Recently, one of my colleague, who has finished her part-time MBA, asked me similar questions. Though she has finished her part-time MBA, she was not recognizing any benefits from it. While I don’t have magical solution to make your MBA work, I have few suggestions which can help you.
Communicate with your manager:
If you are like me, and if you are also working on your MBA while working full-time, then you should communicate your intentions to your manager before you even think of starting the program.
Some of you might be hesitant to share this knowledge with your manager, since you might be afraid to see the reaction from your manager. While some managers will see this communication as an effort from your side to change your existing job, 90% of the manager see this as a potential growth opportunity for their employees.
What can happen here? Either your manager will be impressed by your initiative of pursuing further education to help towards your job, or he will just neglect your entire conversation. Well……you don’t have anything to loose here. But if you don’t have this conversation with your Boss, then you have everything to lose.
I remembered, when I had this conversation with my boss…..he was not only impressed by my decision to improve my knowledge, but he also took the initiative to find out more information regarding the tuition reimbursement program in my company. As a result, I ended up paying only 30% of my total tuition cost for the entire program.
Implement your learning at work: 
Most of the people who pursue their part-time MBA want to get a head in their existing job, so that they can get promoted to the next level. Though the idea behind this thought process is very nice, they lose their focus in middle of the program.
I have seen numerous MBA students, who get busy in their day-to-day coursework that they forget to implement their learning at their workplace. Thus, at the end of their MBA program, they have this knowledge which they can’t apply to their existing job, and hence think of changing their job instead of growing within the same company.
By implementing your learning at your current workplace, you will not only practice your knowledge and get better at it, you will also increase your visibility within your peers. Imagine, if you are working in Software Company as a software developer and going for your MBA in finance. Though these two subjects are completely different, you can still use your finance knowledge to assess the business impact of your new project. Wouldn’t you look more prepared when you are presenting your next development idea to your VP, and providing him with all the stats on how this project will help the organization to succeed?
Thus, you should always try to find opportunities where you can practice your MBA learning at your work place.
I hope these examples were helpful to uncover the full potential of your part-time MBA program. In the meanwhile, if you have any other ideas through which you can make your part-time MBA work for you, then please feel free to share those here.
Thanks. – Bhavin Gandhi.

Monday, May 14, 2012

Why should you hire fresh graduates instead of experienced professionals? (Part 1)

Why should you hire fresh graduates instead of experienced professionals? (Part 1)

by Bhavin Gandhi
I have seen many companies investing their millions of dollars in hiring experienced professionals for their company. Though I understand the need for hiring experienced professionals, I think that companies should invest more dollars in hiring fresh graduates. For example: if you already have few senior engineers in your team, you should not look for more senior engineers. You should instead think of hiring fresh talents. Following are few reasons, why I would hire fresh graduates over experienced professionals.
Lowering costs: This is one of the primary reasons why most of the companies hire fresh graduates. On an average, fresh graduates cost 20-40% less than an experienced individual. I am not saying to hire them just because they are cheap, there are various other cost benefits for hiring graduates. For example: You don’t have to spend thousands of dollars in the talent search program. You can partner with some of the local universities in your areas, and take benefit of their career center, which will be more than happy to find out a talent match for you. Or you can participate in Career Fairs of few schools and interview people right there and then. This will also reduce all the traveling and lodging costs, which you might end up paying for inviting an experienced person for an interview.
Easy to train: Imagine, if you hire an experienced professional, who seems to provide you all the answers that you require. But have you ever considered the cost of re-teaching him your culture? Since the person is experienced, he would be familiar with the culture of the last company that he worked for. So, before even teaching him your culture, you need to make sure that he forgets some of the aspects of his old culture, and dwells in with your existing culture. On the other hand, if you hire a fresh graduate then you don’t have to reteach him anything. He will basically learn everything from the beginning, and grow with your company. It’s like writing something on an empty white board, you can write anything without rubbing off any previous prints. Thus, unless you are looking for someone from a different culture/company to come and change your existing team dynamics and your existing work practices, I would recommend you to hire someone fresh and new.
I hope these tips will help understand the importance of hiring a fresh graduate in comparison of an experienced professional. Let me know, if you have any other reasons why you would prefer hiring a fresh graduate instead of an experienced professional. Please feel free to share your opinion here. Thanks. – Bhavin Gandhi