Author: Sinibali Jana

  • Top 16 Highest Paying IT Companies in India 2024

    Tech hiring or recruitment in the IT sector is at a constant high. It is also a very competitive sector where every company wants to outshine the other to gain the best IT professionals. This attributes to high salaries and great perks for its employees. In India also some of the biggest IT companies and IT recruiters of the world have established their seats. Let’s find out the highest paying IT companies in India as mentioned below.

    Also Read: Top 5 Highest Paying IT Jobs in India 2021

    Also Read: 13 Best Companies to Work for in India 2021

    Top 16 Highest Paying IT Companies in India

    Google

    Google is the name that appears on the list of top 10 anything. It’s not just a company. It is a brand name. Almost every budding IT job-seeker dreams about working for Google. This is not only due to its popularity. The employee treatment in Google is known far and wide to be extraordinary. Also, it is one of the highest paying IT company not only in India but also the world. It is recorded to pay its employees forty per cent more than other IT companies. A fresher in Google is likely to get a salary of something between 5 to 38 lakhs rupees.

    Adobe

    Adobe is a big name in software design. It is an Americal multinational. Adobe India is known for its lucrative pay packages for freshers as well as experienced candidates. It is not a firm that grew in India but by popular studies, Indian professionals have been on the top attractors’ list for jobs in this company. Freshers in this firm can expect an annual salary that can range from 7 lakhs to 15 lakhs. Also, the increase in salary after a few years of experience can range even up to 2 times.

    Juniper Networks

    Juniper Networks is a Silicon-valley based company. It is a company which works in the domain of networking and security hardware. In Dollars, it collects a revenue close 5 billion. It is also one of the highest paying IT companies operation in India. It categorises its software engineers into four grades that are grade1, 2, 3 and 4. Based on these grades, the professionals can earn an annual income ranging from 4 lakhs to 23 lakhs.

    Microsoft

    Not mentioning Microsoft in a list of the best and the highest paying IT companies will most likely be called a big human error. Tech savvies all around the world run after securing a job in Microsoft. It is one of the biggest attractors for IT professionals. Needless to say, it is a huge company and also offers high-paying jobs for its employees. A software engineer or a tech consultant can earn a whopping 12-18 LPA in Microsoft India. It is higher than most companies offer to its employees for the same job role.

    Intel

    Intel is one of the biggest names in the microprocessor unit of Information Technology. It generates revenues as high as sixteen billion dollars. Intel’s chips are used in the majority of PCs being produced today. The high-paying jobs provided by Intel India makes it a sought-after choice by job-seekers. The average salary in Intel India is around 11-12 lakhs.

    Cisco

    CISCO is known far and wide for its huge networking. CISCO has multi-national collaborations. However, India has consistently proved to be one of the top-rated and high-performing markets for CISCO. It has also seen a steady increase as last year it has seen a 20 per cent increase in its last quarter. CISCO is a leading company in cloud IT infrastructure vendor and provides one of the highest-paying jobs. The average salary for software engineers is 12 LPA and for network engineers it is 6LPA.

    Honeywell

    Tech giants like Honeywell have gone all the way to attract candidates, retain them and ensure that they are productive. It constantly redesigns its business strategies. The company recruits candidates having an experience ranging from 1 year to 8 years. The annual salary package ranges from 8 lakhs to 30 lakhs. Apart from this Honeywell ensures that its employees have a great workplace to work in and numerous perks.

    Amazon

    Even though Amazone is not a downright IT company but it is needless to say that Amazon employs a great deal of information technology in its operations. It is an e-commerce retail giant and from dropshipping products to earrings, Amazon has it all. The driving force behind its operations in various aspects of Information Technology. That is what makes Amazone one of the biggest recruiters of IT professionals. Amazon India provides high-paying jobs to the software engineers that are onboarded for this company. An IT professional working for Amazone gets a mean salary of 13 lakhs.

    Goldman Sachs

    Goldman Sachs is one of the biggest names in Investment banking. However, it is also one of the biggest recruiters of IT professionals. Hence it puts this company at par with many big tech giants in terms of opportunities and high salaries. Goldman Sachs India offers lucrative job opportunities to IT professionals. The average salary of an IT employee in this company can be around 10-12 lakhs.

    Tower Research

    Tower research is one of the most prominent names in financial services. It has a global presence and operates on a pioneer seat in India. It employs a huge deal of IT services and hence is listed as one of the highest paying IT jobs in India. A software engineer or a tech consultant can bag an average annual salary of 25-30 lakhs.

    Atlassian

    Atlassian is a multinational software company that had emerged in Australia. Its product offerings including software development, content management and product management. In India, it is seated in the IT hub of the country that is Bengaluru and one of the top recruiters of IT professionals in the country. It provides salaries as high as 30-35 LPA including the various perks.

    Mediatek

    MediaTek is an IT company from Taiwan that specialises in building chips for wireless communication. These include HD television sets, smartphones, navigation systems and various multimedia devices directed towards consumers. In India, it employs a large number of skilled IT professionals and provides annual packages as high as 16 lakhs to 24 lakhs.

    Paypal

    Paypal is an American multinational company that facilitates as an operating vendor for online transactions for its customers, It facilitates online transactions of all kinds in substitute of traditional paper and card transactions. In India, it is well known for its lucrative pay packages that are as high as 25 lakhs.

    Qualcomm

    Qualcomm is also an American multinational company having a pioneer seat in India. It provides one of the highest paying IT jobs in the country. Its operations include the creation of software, intellectual property, semiconductors and providing various services related to wireless technology. It is undoubtedly one of the most sought after companies in India for IT professionals. Its average salary stands at a huge 20 LPA according to recent statistics of 2020.

    Nutanix

    Nutanix is a company dealing in cloud computing technologies. It normally sells cloud services, software-induced storage and hyper-converged infrastructural software. It employs a large number of IT professionals in India. The job seekers also have a propensity towards this company due to its attractive annual packages and global exposure. According to 2020 studies, the average salary of an IT professional in Nutanix India is 20 LPA.

    D. E. Shaw & Co.

    D.E. Shaw and Co. initially emerged as an investment management firm. It is a multinational company But is main services are not financial. It employs creating complicated mathematical models and software to predict and analyse financial anomalies in the market. Hence IT is a big contributor to the operations in this company. IT professionals often find lucrative job offers in this firm. In India, the average annual salary package ranges from 16-23 LPA.

    These were some high paying IT companies in India. Do mention in comments if we missed any company in the list.

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  • Are Leaders Born or Made?

    Leadership is a term that all of us use very often without completely understanding the meaning of it. When asked who is a leader, most people take a moment to pause and recompose their ideas to answer. Is it an absolute term or is it dynamic? Does it have multiple definitions or one binds to all aspects and all situations? Let us find out.

    Who is a Leader?

    A leader is a specific individual who is responsible for influencing and guiding a group of people towards a certain predefined objective or set of goals. A leader is required to motivate all the others following him. In order to do that, the leader himself/herself must be committed to the job that he/she wishes to accomplish. Without personal commitment towards an objective, a leader will fail to motivate his/her subordinates thereby leading to a failed outcome. The leader also has a clear vision and effectively communicates it to his/her subordinates.

    People make leaders. Without people, the leader would not be successful. Hence it is important for the leader to cultivate support and form a group of subordinates. In order to do that, a leader has to have excellent persuasion and communication skills. A leader must also assert his/her credibility. A leader will only cultivate followers only if the followers believe in the credibility and capabilities of the leader.

    Also Read: Difference between Leader and Boss

    What Does It Take to be a Good Leader?

    Every leader to be where he/she intends to be must have a number of qualities that he/she must possess. Even though has varied roles in varied scenarios, some generic qualities of a leader are a must.

    • A good leader should be able to gain the trust of his/her followers. Hence honesty and integrity are one of the most important traits a leader must possess.
    • Good communication skills are what makes or breaks a leader. If a leader is not able to communicate his/her ideas clearly, he would not succeed.
    • A leader must himself be committed to the cause that he is promoting among his/her subordinates.
    • A leader must have quick decision-making skills. Since a leader is responsible for leading and motivating a group, unsurity from his/her end disillusions the entire group.
    • A leader must be empathetic. He/she must take into account the problems of his subordinates and address them with importance.
    • A leader who is arrogant and treats his/her subordinates the same never succeeds. Hence, humility is an important character trait of a leader.
    • A leader does lead and influence but he also has to make his/her subordinates important and accountable for themselves. In this case, the leader must practise delegation in authority and empower his/her followers.
    • A good leader should be transparent about all the information to the followers/subordinates.

    Are Leaders Born or Made?

    For years immemorial this has been a raging topic of debate. Is a good leader born or made?

    Is it possible for a person to take birth with all the skill-sets and qualities of a good leader? Or is it possible for a person to learn all the skills that a leader is supposed to have and emerge victoriously? Numerous researches and studies have been taken up and conducted to come up with a concrete result. However, there still remain areas which are debatable, on a majority scale it has been established that leaders are made and not born.

    A leader should possess a number of behavioural, personality and attitudinal skills that drives him to be the proper definition of a good leader. Most of these traits are learnt through vicarious learning. Vicarious learning is subject to constant development and change. The personality or attitudinal traits that a person acquires depends on his environment, his experiences and his/her willingness to learn.

    It is not most likely that a person will have high-end skills in delegation, team-building, or good-communication. A person can only learn them through years of experience. Only when a person is exposed to different scenarios and understands the need for these traits can a person actually put efforts to acquire them. A good leader is made by a person’s drive to personal development and accomplishment.

    However, it has been established by behaviour theorists that leadership is not completely but ‘mostly made’. It can be said that a good leader is  two-thirds born and one third made. From a practical viewpoint, a leader has to work in various kind of scenarios. This will include, corporate organisations, educational institutions, intelligence bureaus and even military units. Leading these units can be significantly complex jobs and a person is not born with the traits to cater to these complex needs. Understanding these group dynamics play a major role in making these great leaders.

    As already mentioned, assertiveness, risk-taking and empathy are the required characteristics to become a good leader. These are not inherent traits. Most researches show no relationship between genetics or heredity and for a person to have these skills. Through a person’s development either through childhood learnings, peer groups or adult self-development, a person acquires these skills.

    However, intelligence is also an important parameter for measuring the effectiveness of a leader. Here comes the context of heredity. People generally have a significant amount of heredity contribute to his/her inherent intelligence. But even then there is a glitch in the matrix. A good leadership no wonder needs intelligence which is partly hereditary, but general IQ is not what is detrimental to it. A good leader needs social intelligence skills to cultivate humility and resilience in his lead and motivate his followers while also giving them a feeling that they are important.

    Even the required emotional intelligence is developed through various life-experiences of a person. Hence it rules out the idea that introvert or less-assertive people cannot be good leaders. Everyone can be a good leader as long as the person is open to learning, understanding and self-development. Leadership in itself is not a trait. It is a self-acquired quality of individuals.

    Numerous great leaders once started from scratch. They did not come to this planet as a great leader. They learnt to be one. They had experiences, worked on themselves, believed in their causes and were determined to give them definition. That is what gave their leadership recognition. However, it is true that some individuals would be more brushed up in their leadership skills than the other. But it only portrays individual differences in capabilities. It does not portray the disadvantage by hereditary traits determined by birth.

  • How to Write a Cover Letter for Job Application with Samples

    A cover letter is an effective tool to provide a personalised and noteworthy introduction of the candidate while submitting the job application. A cover letter which is well-crafted and framed well it summarises the information that the candidate has provided on the resume. Apart from that it further illustrates the information that the reader is presented with. It is a well-informed letter comprising the candidate’s career accomplishments and achievements.

    A cover letter should ideally not be generic for all cases. The candidate should customise and re-write the cover-letter for based on the different needs of the job.

    A resume is a template of facts related to the employee. It states the timeline of the candidates’ education in addition to his achievements, skills, hobbies, etc. A cover letter, on the other hand, is more dynamic and conveys more personality. A cover letter comes even before the resume. Hence, it appears to be the first document in the candidate’s hiring process. Hence, it is vital that it creates a strong ad lasting impression.

    This is why framing a customised cover letter for every job is this important. The demands and prerequisites of every job is different. Hence, a cover letter does not follow a specific pattern or format. There is no predefined template on which a cover letter can be formed. It completely depends on the demands of the company and how good the company can market himself/herself to them.

    Guide to Writing a Cover Letter

    It is already mentioned that there is no specific format to write a cover letter. But indeed, there are pointers to keep in mind in order to make the cover letter attractive, visually pleasing thereby increasing the chances of its success. A proper cover letter should be organised and concise. The contents should be in an orderly pattern. Also, it should not be haphazard but very organised. There is a rough sketch to making a cover letter organised and its mentioned below.

    • A catchy and impressionable introduction of the candidate. Writing a catchy introduction is important because, if not, the recruiter or interviewer would lose interest in the beginning.
    • The body should comprise of the relevant experiences of the candidate to the current job. It should include his/her prior experiences, his/her roles in other organisations, his/her relevant skills to the job etc.
    • The conclusion should be concise and include a necessary call to action.

    Dos and Donts Of a Cover Letter

    There are certain dos and donts that determines the success of a cover letter. They are as follows:

    • Make the cover-letter curated according to the demands of the job.
    • State the skills that may be helpful or are relevant to the current job.
    • Comprehensively mention why you want to be a part of that organisation.
    • Do not provide generic internet cloned answers. A cover letter should showcase the personality that makes you the best suit for the job.
    • Always be honest and true about your information on the cover letter.
    • Do not blatantly mention skills like “leadership”. Instead, add specific stories and experiences that prove that you are a good leader.
    • A cover letter should be personalised and catchy but do not cross the limits of professionalism. You should come off as rude or overconfident.
    • Be unique in your cover letter. Add your own touch to it.
    • Choose a tone of voice that you want to portray in the cover letter. Different cover letters demand different tones.
    • The call of action in the conclusion should be polite and spontaneous. It should not be rude and unprofessional.
    • Always proofread your cover letter for any possible errors.

    Cover Letter Samples

    How to Write a Cover Letter for Job Application with Samples

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    Below provided are a number of samples for a cover letter.

    Sample 1: Cover Letter for Internship

    To

    *Name*

    *company Name*

    *Location*

    *Date*

     

    Dear *name*,

     

    I am writing to express my interest in the Summer Internship Programme by your company. I got to know about your company from the placement cell at my University. After going through your website, I have completely immersed myself in the groundbreaking work in the automobile industry.

     

    My current major is on marketing while I have also done a number of volunteering works on the sidelines. I feel your company is great assimilation of these two domains. Upon getting the opportunity to work in your company, I would not only get to learn comprehensively but also get an opportunity to advance my career in the desired field. With my preset knowledge in marketing, analytics and campaigns, I can add value to your company as well.

    I previously had an internship with an organisation pertaining to digital marketing and analytics. In that position, I learned a lot about SEO, Web analytics and Adobe suit. I also learned how to curate campaigns and lead them. I believe these skills of mine can be of use to you since I heard that your company is looking to expand in the field of social media.

     

    I would love to meet you and discuss about available internship opportunities. *number* this is my phone number and *mail address* and this is my mailing address. Please contact me if you have any questions or choose to see work samples.

     

    Thank you for your consideration

     

    Regards,

    *Name*

    Sample 2: Cover Letter for a Graphic Designer

    To

    *Name*

    *company Name*

    *Location*

    *Date*

     

    Dear *name*,

     

    I am writing this letter to apply for the post of Graphic Designer in *company name*. I have had a long experience of 5 years in this specific field and served two top-notch media houses in their graphic department. I believe I will be a good cut out for this job and that I can add value to this company.

     

    While serving as a graphic designer in the previous firm I had in hand knowledge and experience of all the current trends in the market include digital marketing, Adobe suite, Social media campaigns etc. My work was appreciated and hence I was aligning with the top clients of the firm.

     

    Also, my leadership skills were tested and rewarded. I was working as a team leader and yielded profits worth huge amounts. My up-to-date knowledge and real-time experience have helped me bag projects worth lakhs.

     

    *Company name* is one of the leading companies in this field. I believe that my knowledge and skill-set would align with the company’s present and future goals and hence makes me a good cut-out for this job. You can contact me at *Phone number* or drop me a mail T *email id*. Thank you for your time and I am looking forward to hearing from you soon.

     

    Best regards,

    *Name*

     Sample 3: Concise Cover-Letter

    To

    *Name*

    *company Name*

    *Location*

    *Date*

     

    Dear *name*,

     

    I am writing for the current opening in sales in *company name* which I believe will report to you.

     

    As an experienced professional in the field, I will offer you practical experience in the biggest firms in this country along with all the soft skills best needed to succeed in sales. I have made sales worth tens of lakhs for my previous companies and wish to do the same and better for yours.

     

    I have attached my resume for all the detailed knowledge that you might have to consider. But I believe with my experience I can add a lot of value to your company’s future plans.

     

    My contact details are attached and I look forward to hearing from you.

     

    Sincerely,

    *Name*

    A cover letter is of high importance to an employer as it is a detrimental factor in hiring an employee. For an employee too it is of no less importance, as it provides the very first information of the employee to the recruiter and can easily make or break the deal.

  • Sources, Purpose and Importance of Recruitment

    Recruitment is ad integral part in Huma Resource Management. Recruitment is a hiring process where firstly the staffing and organisational needs of the company are identified. After that, a potential pool of candidates for the required staffing is attracted. The pool of candidates is generated by firstly identifying these candidates. These can be done by both internal and external sources. Next, the recruiter should attract these candidates to apply for the job. This can be done by extensive advertising in job sites, campus drives, reaching out to potential candidates from company database etc.

    Recruitment is such an important process because it serves as a pre-math for selection. Recruitment is a deciding factor on the correct candidates being chosen in the selection process. Hence, attracting a better pool of candidates in the recruitment process proves to be extremely beneficial.

    The process of recruitment largely varies due to the size of the organisation. A small or medium-sized firm may have only one person as a recruiter or a hiring manager. However, a larger company is most likely to have a whole dedicated team of recruiters to carry on the process effectively. A well-framed recruitment process helps both the company and the applicants. The company gets to generate a potential pool of candidates whereas the candidates get potential employment opportunities.

    Sources of Recruitment

    Recruitment by an organisation can be done by a variety of sources. They are as listed below:

    Internal Source

    Internal sources of recruitment can not only be effective but also economical. It is cost-effective for the company and ad also economises on a lot of time. Internal sources of recruitment mainly include promotions and transfers of employees intra-organisation. In addition to that intra-organisation employee referrals also largely contribute to the internal sources of recruitment. Utilising the company’s database to recruit former employees and candidates can also be a good choice.

    External source

    A company can recruit through external sources via employment agencies. This is the common and surest source of recruiting eligible pool of candidates. The company can also conduct campus drives in various schools, colleges and universities thereby facilitating recruitment. Apart from that, the recruitment procedure can be advertised in various media sources to have a greater reach and therefore attract a greater pool. Utilising various labour unions in the recruitment process is also something that the company can do.

    E-sources

    The e-sources of recruitment are gaining quick popularity in today’s times. Recruitment ads can be posted on agency websites. Also, online job boards can be used for the recruitment process. However, the chance of attracting a large number of unqualified candidates works as the biggest disadvantage in this case. Its easy availability and much higher reach still make it a popular option.

    Purpose and Importance of Recruitment

    Recruitment has a dynamic purpose and importance that caters to both the organisation and the candidates. The multifaceted importance and purposes of recruitment are what makes it such an important process in an organisation. The importance of recruitment are as follows :

    Attracting Candidates

    Even though recruitment does not ensure the final onboarding of the candidates in the company but it effectively attracts a large number of candidates to apply for the vacancies. This gives the candidates a potential chance for employment and also publicises the organisation among job-seekers.

    Facilitates Selection

    The selection process is undertaken to keep in mind the ultimate organisational needs. The candidates have to go through an extensive process of screening before they are finally selected. Hence recruitment provides a large option for the selectors to choose fro to cater to the needs of the firm.

    The Success Rate of Selection

    Since the recruitment process is already comprehensive, it takes present and future job analysis into account and then recruits candidates. This rules out the presence of under-qualified or over-qualified candidates reaching the selection process. This, in turn, increases the success rate of the selection process.

    Meeting Obligations

    Every organisation has legal obligations that it ha to meet. In addition to that, the social obligations also termed as corporate social responsibility is a big factor that organisations take care of. By recruiting candidates and maintaining the workforce composition, these obligations are successfully met.

    Transparency

    The recruitment process is largely undertaken to maintain organisational transparency. It is an effective measure by which complete transparency can be maintained. The transparency does not only cater to the organisation but also the employees. This means that in the organisation, the HR manager, field recruiters, clients, all of these entities are completely aware of the process and possess the same information. In addition to this, a transparent procedure also ensures that the candidates are aware of the status of their job application.

    Confidence

    Since recruitment is a transparent process, it ensures confidence in the organisation. Since the recruiters, clients and managers are aware and accountable for the entire recruitment process, all of them have directly or indirectly contributed to the result and are confident of the choice and satisfied by it.

    Avoids Discrimination

    A proper and legitimate recruitment process is based on merit. It is based on job analysis, attracts candidates based on the job description and screens them based on merit. The parameters for screening are mentioned at every step and the results depend solely on the merit of the candidate. This rules out the possibility of any candidate facing discrimination due to their race, caste, colour or personal connections. Recruitment adds fairness to the organisational procedure.

    Job Description

    Framing a proper job description is important for any organisation. In recruitment, the candidates are chosen based on the job description provided by the company. It is a detrimental factor in recruiting candidates. Hence recruitment helps in curating a proper job description which includes all the primary, secondary and tertiary aspects related to the particular job role.

    Consistency

    An inconsistent system of recruitment is most likely to provide biased and unstandardised results. To ensure fair judgements and selection of the right man for the right job, the recruitment process is kept consistent with standardised measures of screening at every stage.

    An effective and well-framed recruitment policy will not just hire the right candidates for the job. It will heighten the reach of the organisation in addition to generating an eligible pool of candidates. Recruitment has present and future impacts that facilitate an organisation multi-dimensional ways. A proper recruitment policy shall ensure that the right person is onboarded for the right job with the company’s commitment in place.

  • How to Write Good Bye Email on Last Day in Office with Samples

    Throughout the entire life-cycle of employment, there will be a number of instances when an employee has to leave their current organisation. This may be because the employee got a better job, or because he/she is moving somewhere else, or because they are taking a break from their professional lives to pursue something else. In any case, a good-bye letter comes in extremely handy.

    A good-bye letter is a formal letter that the employee hands over to his employer or boss. This is different from a resignation letter. A resignation letter attempts to formally communicate that an employee wishes to resign from their job. A resignation letter dominantly talks about the professional aspects related to employment. A good-bye letter, on the other hand, attempts to communicate a sentiment of gratitude and appreciation from the employee to the employer.

    An employee writes a goodbye letter to express that he had a good time working in the organisation and wants to create a long term cordial relationship with his/her boss. It is to thank the employer for the experiences and opportunities that have been provided to the employee. The employer is wished well and also the contact details of the employee are provided to keep the possibility of future interaction alive.

    It is also not necessary that an employee only has to write a goodbye letter to his/her employer. He/she can also write one to his colleagues, or his clients. It completely depends upon his discretion.

    Purpose Of Good-bye Letters

    Like already mentioned, good-bye letters have several purposes. In the below-mentioned list, they are objectively mentioned:

    • Provides a healthy ending to a professional relationship.
    • Satisfies a healthy professional etiquette.
    • Improves the chase of the employer providing a Letter of Recommendation or a referral
    • Forming long-term professional and personal connections.

    How to Write Good Bye Email on Last Day in Office

    Any letter be it formal or informal has a specific guideline or format that it has to adhere to. For good-bye letters even though the generic format remains the same, there are a few guidelines that can help in forming a perfectly drafted good-bye letter.

    Salutation

    The letter should begin with a professional salutation. Even though it is not a professionally binding letter, it is best to keep the salutation professional. Beginning the letter with a Mr, Mrs, Sir or Madam should be followed. In case the employee calls the employer or his colleagues by their first names, the salutation can be made in that regard too.

    Reminder

    The letter should provide a gentle reminder to your last day of employment. Provided the resignation letter is already submitted and approved, the last day of the employee’s work is also probably decided. So the last day should be included in the letter.

    Gratitude and Appreciation

    The employee should write how he appreciates his tenure in the organisation and how good the experience has been. He can show his gratitude to his boss and his colleagues who have contributed to his employment being a great experience.

    Best Wishes

    Leaving an organisation does not mean that an employee should leave on sour terms. Hence in a goodbye letter, the employee should convey his best wishes to the employer and his colleagues for their persistent success. He/she should communicate that even though he /she is not in the organisation, he wishes to send only good wishes to his team.

    Contact details

    The letter should contain the contact details of the employee for maintaining relationship with his/her employer and colleagues. It means that the employee wishes for the future association or simply wants to be in touch.

    Closing salutation

    The letter should also end with a gentle closing salutation. It should contain the signature of the employee with closing notes such as “Best wishes”, “Good regards” or “Thank you”.

    Good Bye Email Smaples

    A few samples of good-bye letters are provided below.

    1. The employee has resigned due to moving to another country. Letter to the boss.

    Dear Mr/Mrs *Name*

     

    As you are already aware that *date* is my last day off association as *job position* with *company name*. This prolonged association is hard to let go but I am surely excited to explore my life in Germany and tap new opportunities.

     

    I would like to express my gratitude to you as you have been the best guidance one could ask for. Thank you for being a great motivator and leader. Under your guidance, I have evolved as a professional and shall these shall positively impact me in the days to come.

     

    I wish you and your entire team all the very best for future endeavours. With the enthusiasm and dedication that you always work with, the rates of success shall e unprecedented.

     

    *phone number* is my contact number and *email-id* is my mail address. I will look forward to being in touch with you and any future associations that can be possible.

     

    Best regards

    *Sender’s name*

    2. An employee is leaving the job for a different organisation. Letter to the employer.

    Hello Mr/Mrs *Name*

     

    With a heavy heart, I am writing this letter to say that *date* is my last working day as *job position* in *company name*. WIth being really sad, I am also very excited to start my new job as a *job role* . It will be testing my limits and putting my newly acquired skills to test.

     

    I shall be forever grateful to you for the opportunities you have provided me to thrive. Your guidance has developed me as a professional and your leadership has prepared me for all contingencies at the workplace.

     

    I wish all the very best for all your future endeavours. I send my best regards to all the upcoming projects you wish to undertake and I wish only success for you.

     

    *phone number* is my contact number and *email-id* is my mail address. I will look forward to being in touch with you and any future associations that can be possible.

     

    Best regards

    *Sender’s name*

    3. The employee wishes to pursue personal interests. Letter to the employer.

    Dear Mr/Mrs *Name*

     

    *date* is my last day at work in *company*. I write this letter with an extremely heavy heart. However, I am very hopeful about the new life that awaits me. I am going to explore my passion for photography and I am looking forward to it.

     

    You as a leader has brushed up all my skills and made me the professional that I am today. With your motivation, I have been able to reach heights of success and I cannot show my gratitude enough for that. You are an extremely competent leader, guide and an amazing boss to work with.

     

    I wish you and your team all the very best of everything. I am sure you will succeed in all your future endeavours and keep standing tall in your achievements.

     

    *phone number* is my contact number and *email-id* is my mail address. I will look forward to being in touch with you and any future associations that can be possible.

     

    Thank you again,

    *Sender’s name*

     4. Goodbye letter to a colleague

    Dear *Name*

     

    As you already know *date* is my last working day. Even though it breaks my heart to say goodbye-bye to this organisation, I feel it was necessary for me to pursue my interests.

     

    You have been the most amazing co-worker to work with. Your knowledge, insights and proactivity had added much-needed zeal to our team and contributed to gaining all the success. I am extremely grateful to you for being such an amazing colleague, and for constantly motivating me and wishing the best for me.

     

    I wish you all the luck in all your life. I wish that you reach all the heights of success that you pursue ane emerge victoriously.

     

    *phone number* is my contact number and *email-id* is my mail address. I will look forward to being in touch with you and any future associations that can be possible.

     

    Best regards

    *Sender’s name*

    A properly drafted good-bye letter would not only ensure a healthy professional etiquette but also let an employee end an association on a respectable note.

  • Different Types of Productivity

    In very simple words, productivity is just a term that is used to measure efficiency. In terms of economics, it means measuring the output that comes from the inputs provided. Technically productivity is defined as output per unit of input, labour, or capital.

    A real-time example would be a bag manufacturing factory. Suppose, if 10 labours collectively produce 20 bags per day by employing all the resources, it would not be considered as very productive. However, if the same number of labours collectively manufacture 200 bags per day, productivity would be considered to be very high.

    Productivity is an important context not just in the professional scenario. It is relevant in every walk of our life, every sector and hence it is very important to know how productivity can be measured. In economics, operations, factories, as well as service sectors. However, with tangible products as output, the measurement of productivity becomes a lot easier. However, with intangible output, the determination of productivity is a lot more complex.

    In factories and manufacturing firms, the units of output can be divided by the labour or tangible inputs and the productivity will be measured. However, in any service, it is harder to find. So in some cases, the aggregate revenue collected by the employee is recorded. It is then divided by their salary to find a deduction of productivity.

    Factors Affecting Productivity

    There are a number of factors that determine productivity in an organisation. They are described as follows :

    Selection of proper manpower largely affects productivity. Selecting the right employees for the right job leads to higher productivity. Also providing proper training to the employees for skill formation increases productivity.

    Selecting and acquiring proper types of equipment and machinery in an organisation increases productivity. Availability of optimum, well-functioning and up-to-date machinery in the workplace ensures smooth functioning of labour and hence better productivity.

    The floor area or space covered is a detrimental factor in productivity. The total area of different departments, including quality department, administrative block, affect productivity in the workplace. Apart from the floor area, the positioning or the location if these departments also play a major role.

    The use of economic, clean and renewable sources of energy has also proved to significantly increase productivity.

    Intra-organisational movement is also a significant influence on productivity. The movement of manpower and materials inside the organisation to a large degree affects productivity in the workplace.

    Also Read: How to Measure and Improve Employee Performance?

    Types Of Productivity

    Productivity, broadly speaking is a consolidated term. However, it can actually be rather dynamic in its meaning. It can be differentiated on the basis of a number of factors namely, labour, capital and materials. Below listed are the comprehensive explanation about the three types of productivity.

    Labour Productivity

    Labour productivity, otherwise called labour efficiency, is characterized as genuine financial yield per work hour. Development in labour productivity is estimated by the change in monetary yield per work hour over a characterized period. Labour productivity and employee productivity are not the same aspects. Employee productivity is characterised as an employee’s yield per hour.

    Work profitability is straightforwardly connected to improved ways of life as higher utilization.

    This expansion in yield makes it conceivable to expend a greater amount of the merchandise and enterprises at an inexorably sensible cost.

    Development in labour profitability is legitimately decipherable from changes in physical capital, new innovation, and human capital. When the increase in labour productivity is evident, in most cases the attributing factors are the above listed three. Physical capital is the instruments, gear, and offices that labourers have access to use to facilitate production and manufacturing. New developments are new techniques to join contributions to create more yield, for example, sequential construction systems or robotization. Human capital speaks to the expansion in training and specialization of the workforce. Measuring labour productivity also provides a huge and clear insight into the trends of these mentioned factors.

    Capital Productivity

    Capital productivity is the output per unit of estimation of fixed capital assets. In a socialist economy, capital profitability describes the effectiveness with which fixed capital stock is utilized. It is regularly utilized in the financial examination and in the detailing of creation plans and plans for capital consumptions, both for the national economy in general and for independent organisations or companies, professional associations, joint ventures or enterprises.

    Information on the GDP and on national income is utilized in computing capital efficiency for the national economy all in all; for ascertaining the profitability of independent organisations information on the net as well as the gross output are put to good use. In segments where the yield is homogeneous (oil, coal, concrete), physical units are at times utilized in the figurings. Capital productivity is determined based on the parity valuation of the fixed creation resources (devaluation costs included), utilizing either the normal incentive throughout the year or the incentive as of the year’s end. Capital profitability is inversely proportional to the ratio of capital and output.

    Material Productivity

    Material productivity is feined as the amount of output produced in term of per unit input of materials. Materials, in this case, are defined as natural resources. It can be broadly differentiated from total productivity.

    The capacity to make the equivalent or more yield utilizing less material assets is known as material productivity. Procedure inconstancy is at the base of materials overconsumption. It begins process wasteful aspects that bring about faulty production, procurement errors, faulty billing practises etc. In other words, it is a blatant wastage of resources.

    Each business needs to see if its utilization of materials is changed in accordance with the base adequate levels, or, on a flip side, overconsumption is available. Numerous organizations set the base minimum level dependent on historical data or forecasted data of consumption. However, setting the minimum level should always be based on optimum consumption. R&G can help an organisation by baselining what that minimum level is, along these lines setting the measures. When this count is comprehended and shared by all the essential partners, the time has come to evaluate the deviations between real utilization and guidelines, and to make a framework for persistently lessening or removing the sources of those deviations, subsequently expanding material efficiency.

    Productivity and its various types are extremely relevant in any big or small workplace. It helps to keep a proper check on resources and also works as an alarm for necessary changes that have to be made to make the best use of all kinds of availabilities.

  • Difference between Entrepreneur and Manager

    An entrepreneur is the owner of the company. He is someone who sets up the foundation of the company. He brings in ideas, innovations and makes decisions in terms of running the company. He is the prime decision-maker. An entrepreneur is responsible for taking risks in the business. Risks include financial, operational, and other unforeseen contingencies related to the business. The entrepreneur is the true-leader of the company. His primary focus is on achievements and profits.

    A manager, on the other hand, is an employee of the organization. He evades the element of any form of risk-taking related to the business. Instead, he is responsible for the smooth functioning of his subordinates. A manager may be responsible for a group, a specific department, or a region. He handles and manages all the administrative functions running under him and ensures the organizational goals and targets are met. He does not have to make binding financial decisions regarding the organization. A manager is employed to run an organization or company and does not have to decide upon its fate.

    Let us find out what are the key differences between an entrepreneur and a manager based on some important aspects.

    Difference between Entrepreneur and Manager

    Position in the Company

    An entrepreneur is positioned in a company as a visionary. He is the leader and the owner of the business. All the risks associated with the company are borne by him.

    A manager, on the other hand, is placed in the organization as a salaried employee. He does not bear any risks.

    Focus

    An entrepreneur’s focus is primarily long-term. He is focussed on setting up the business,  sustaining it, and expanding it. His focus determines the existence and growth of the business organization.  He has long-term objectives and works towards reaching the same.

    A manager is an employee who has short-term objectives in terms of the organization. A manager’s assigned job is to ensure the regular smooth-functioning of the company, and hence, his//her objectives and duties are not far-fetched.

    Motive

    An entrepreneur is motivated to set up his/her own venture. This means that his motive is to set up a new venture due to his own personal choices.

    A manager, on the other hand, is motivated by the power his position holds. His only motive in the organization is to dispense the services that are assigned to him and prove to be a competent employee.

    Element of Risk

    The possibility of risk-taking is probably one of the most significant aspects of being an entrepreneur. In setting up a completely new venture, an entrepreneur poses himself/herself to the risks and uncertainties of the business. Whether the risks are related to the finances, legal operations, or profits, it is the entrepreneur who bears the full of it.

    A manager does not have to take risks in the organization. He has a predefined set of duties and a limited job role that he has to dispense and then receive definite perks in return.

    Income

    The income of the entrepreneur is rather uncertain. His income from the organization depends upon how well the organization makes the profits. Setting up an organization from scratch has its uncertainties. That also makes the profit-yielding capacity very unpredictable.

    The income of a manager of a company is certain and fixed. A manager in an organization is a middle or high order employee. Hence, he/she is a salaried employee on the company’s payroll. As a result, by the end of each month, a manager receives a fixed amount as remuneration as well as promised perks that come with his position.

    Innovation

    An entrepreneur has to take necessary decisions in terms of the innovations in the organization. The business is the entrepreneur’s brainchild. Hence the decisions regarding product offerings, product development, etc., are made by the entrepreneur. The entrepreneur decides ways by which the evolving demands in the market can be met.

    A manager does not have to make any innovative inputs into the organization. A manager, however, has the responsibility of carrying out the decisions taken by the entrepreneur. Hence, it can be rightly said that a manager puts the entrepreneur’s idea and gives them shape in the real world. He/she is responsible for the proper execution of these ideas.

    Characteristics

    A successful entrepreneur is supposed to have a number of characteristic traits. He/she should have great leadership skills. He/she should be ready to take risks and have an extremely innovative bent of mind. In addition, an entrepreneur should be analytical and patience. He/she should be a good speaker since it is the entrepreneur’s ides to sell his/her business idea to the world and find an establishment.

    A manager, however, can have a few inter lapping qualities as that of an entrepreneur. But in essence, to be a good manager in an organization, a person needs to have adequate knowledge in management theories and other aspects. He/she, in most cases, must also have prior practical experience in his field of the job to be hired.

    Approach

    An entrepreneur’s approach to work is more informal in nature. Since he/she is not directly related to the operations and daily execution of tasks, the necessary formality is averse in the entrepreneur’s case.

    A manager, on the other hand, is extremely formal in his professional approach. He/she is responsible for administering a coordination a group of employees around him. This requires the manager to maintain a degree of formality and professionalism in his operations.

    Decision-making Process

    The decision-making process of an entrepreneur is largely intuitive. He/she employs his innovation, ideas, motivation, and natural drive into making decisions for the organization.

    A manager, on the other hand, abides by rules and analyzed data. He/she follows proper protocol and hence takes decisions which are calculative and analytical in nature.

    From all the above-stated information, a summary table of differences between an entrepreneur and an employee is drawn. It mentions the various bases of difference along with relevant information.

    Bases

    Entrepreneur

    Manager

    Position Owner Employee
    Focus Long-term Short term
    Motive Achievement Power
    Element of risk Risk-taking Risk-aversing
    Income Profits earned Salary
    Innovation Yes No
    Characteristics Informal Formal
    Decision-making Based on intuitions and instincts Calculative decision-making

    All the above differences have made it clear that there is a significant difference between manager and entrepreneur. Needless to say, both have considerable importance in any organization. It should, however, be noted that their roles cannot be juxtaposed. Both possess specific skill sets and work on different avenues to keep the growth and daily operation of the organization steady.

  • Best Career Options after Graduation in India

    Every year a fresh batch of graduates appear in a world of numerous possibilities and endless career choices. They are not only confused but also disillusioned. The question tags of “What ifs” and “what nows” are tormenting enough. Expectations from peers, parents, and themselves become extremely pressurizing, and more often than not, these students find themselves sorting through a scattered list of what they can do next.

    Below discussed are a few potential career options for graduates from the three different streams of Humanities, commerce, and science. Read on.

    Best Career Options after Graduation in India

    Humanities

    Careers in humanities have traditionally been a bleak possibility. Students, parents, and laymen were always under the impression that graduation in a humanities stream leads to a life of uncertainties and less prospective job offers. It was closely associated with students who were not capable of doing anything better and hence chose humanities. However, humanities are a stream with a wide range of career options. Contradicting popular beliefs, it opens an arena of vast prospects for any student pursuing it. The following listed several popular career options for any Humanities graduate.

    1. LLB

    The legal profession has been a sought after field since time immemorial. It has been associated with a higher social standard. A bachelor’s in legislative law is a great career option for humanities graduate. Mostly graduates in history, or political science, or other social sciences are preferred; anybody can pursue this course by cracking the respective entrance tests for colleges. An LLB degree may lead to a professional life of attorneys, corporate lawyers, entertainment lawyers, and even government judicial services.

    2. Civil Services

    One of the most prospective career options for humanities graduates is civil services. However, it is tough to get in. The UPSC exams are one of the toughest exams to crack with a low ratio of student take-in. Students usually have to be very committed to their preparation for this exam. Once cleared, it promises a life of perks. Being a civil servant, it assures a significant degree of power and contribution in the decision-making process. The most famous civil services are Indian Economic Service, Indian Police Service, Indian Administrative Service, Indian Foreign Service, etc.

    3. Journalism

    Journalism promises a life of thrill and adventure. Students with a drive for the thrill of excellent skills in narration can choose this career option. A degree in journalism or mass-communication can open the roads to this career. Journalism has many divisions. A student can pursue one according to his or her interests. Travel journalism, sports journalism, and entertainment journalism happen to be the most popular options among budding journalists.

    4. Writing

    Writing can be a great career option for students who are passionate about it. Even though conventionally, the idea was that it does not guarantee a stable career, but the scenario has changed drastically. Almost every company in today’s time looks for prospective writers to create content for their company either offline or on the web to reach out to their target audience. Besides, freelancing and blogging have also emerged as off-beat career choices.

    Also Read: How to Become a Content Writer in India?

    Commerce

    Commerce graduates are mostly expected to pursue an MBA or become a Chartered Accountant as their final career choice. According to the conventional belief, these are what commerce studies are related to. However, there are many career options in front of commerce graduates and that are listed below:

    1. Market Researcher

    Commerce graduates can successfully make a career in market research. Companies hire many market research employees, and there is a steady potential of growth as high as being an executive. Market researchers gather data about the market, analyze trends, make forecasts, and collect information about competitors before launching a new product.

    2. Chief Accountant

    Under the popularity of Chartered Accountancy, other prospective fields such as this do not get the desired recognition. An amazing career choice for commerce graduates if the Institute of Cost and Works Accountants of India (ICWAI). On clearing through its levels, which are the foundation, intermediate and final in addition to the practical training of 3 years, students can have the potential of becoming an Internal Auditor, Chief Accountant, or even a Financial Controller.

    3. Human Resource Manager

    A diploma or masters in HR following a B.com degree can lead to great opportunities in Human Resource Management. The workforce is the most significant power of an organization, and the management of that resource requires potential candidates. An extremely in-demand career with excellent perks and job satisfaction is what a career in HR promises.

    4. Banker

    As cliche as it sounds, banking is one of the most sought after careers, and a B.com graduate has the opportunity to pursue it. The undergraduate degree can be followed by a master’s in the same or an MBA to improve job prospects. Cracking the different banking exams is also a way into the career.

    Science

    There are numerous traditional as well as modern career options for a science graduate. It opens up an avenue of multiple opportunities. With the ever-growing discoveries and dimensions, the career options for science graduates, are almost endless. What it takes is realizing their areas of interest and walking in that path. Below discussed are a few career options that a science graduate can pursue. The number of fields and careers are so vast that it is difficult to list down the most prospective ones.

    1. A lot of science graduates pursue a professional degree in Business Administration or an MBA for more dynamic job prospects.
    2. Nautical sciences or marine engineering opens of exciting prospects like nautical surveyors, deck officers, scuba drivers, etc.
    3. Academia is a great option for science graduates. The BSc. degrees are followed by Masters in the same. Following that, students have to pass the National Eligibility Test (NET) to be qualified as a junior fellowship researcher or an assistant professor. This profession guarantees stable income, less work-stress, and constant potential for knowledge-gain.
    4. A BSc. degree in BioInformatics can lead to a career of BioInformatics scientist, Biochemist, actuary, etc.
    5. A rapidly emerging stream in science is food technology. Graduation in this stream can lead to careers such as nutritionists, organic chemists, bacteriologists, etc.
    6. A BSc. in Biochemistry has prospects of careers like Clinical Scientist, Forensic Scientist, Pharmacologist, etc.
    7. Graduation degrees in microbiology open up opportunities in the field of genetics, virology, immunology, environmental microbiology, etc.
    8. Graduation in Information Technology also leads to in-demand career options. Programmer, database administrator, system analyst, software Engineer are just to name a few.

    When searched, there are endless career options in unlimited domains and fields. Lists after lists can be formed. Some careers might seem very attractive, some a bit dull. Ultimately what it comes down to is the interest and passion of the student pursuing it. Choosing a career due to popular group-think is one of the most common mistakes that students commit. Instead, if they and their parents focused on the students’ interests, it would make the most fantastic career. If a person puts his foot forward to do something that he/she likes, then even the most unique and bleak career options will also yield the maximum prospects.

  • What is Job Enrichment? – Purpose, Techniques, Advantages and Disadvantages

    Job enrichment is a subset of job design and a by-stander with job enlargement. It is a vertical restructuring of a job role. It is a tool used to motivate the employees by enabling them to learn new skills and acquiring new experiences. It serves as an antidote to employee monotony that occurs due to the repetitive nature of jobs. It attempts to increase employees’ autonomy over its job and also allow him/her the room for feedback and participation. The idea of job enrichment largely emerged from Frederick Hertbergz ‘Two Factor Theory’. It is a process of motivation where newer sets of dimensions are added to pre-existing jobs.

    Different Ways of Job Enrichment

    The primary essence of job enrichment is to increase the job satisfaction of the employees. This is done by vertical enlargement of the job profile known as job enrichment. This means increasing the control of the employee over his job. Upon having heightened control, the employee feels more responsible, more accountable and freer to take risks on his activities. All of these factors attribute to better job satisfaction which in turn lead to better productivity. Here are some of the ways by which job enrichment can be carried out:

    Job Rotation

    One of the most effective ways of job enrichment is by rotating the employees in various jobs. This will allow the employees to learn new skill-sets and acquire new experiences. Job rotation can be an extremely useful tool in providing motivation to the employees.

    Complex Tasks

    The employees can be assigned with more complex set of tasks. This will give them a sense of entitlement towards their job since they will be handling the job from the start to the end. They will find more meaning in their professional duty and that would give them the motivation that is required.

    Formation of Autonomous Teams

    Job enrichment can be both on an individual and group level. Formation of such teams would help the enrichment on a group level. In such groups, the employees should be given the freedom to decide upon the operations, evaluations, etc. In some cases, they may also e give the freedom to choose their own team members. This will provide heightened motivation for their work.

    Increasing Participation

    Increasing the participation of the employees in the higher-level management processes can work as an effective motivator. A company with a very strict hierarchy is likely to make the employees that their voices are unheard. Hence letting the employees have a say in strategic management can, in turn, lead to job enrichment.

    Transparent feedback

    In most cases, we see that the quality team of an organisation tracks employee performance and points out the mistakes. However, if the feedback process is more employee-directed meaning that the employees have more control over tracking their own performance, then it would lead to effective job enrichment.

    Steps in Job Enrichment

    The followings are a rough sketch of the steps might be implemented for job enrichment:

    Survey

    The first and foremost step is conducting an extensive survey in the organisation. It should be first understood the areas of improvement. The areas where the employees are dissatisfied should be found out. Implementation of enrichment without a proper survey would only lead to developmental work in areas that do not require it leading to ineffective job enrichment.

    Deciding on the Approach

    There can be a number of approaches to implement job enrichment. Hence, it is important to decide on the right approach. Choosing a drastic approach would not only be cost-ineffective but also poses the risk of operational failure. Hence, a complete paradigm shift in the workplace scenario is not a safe option. Instead an optimum task-force should be appointed to implement job enrichment on grounds of operational profitability as well as job satisfaction of the employees.

    Curating the Program

    After analysing the different approaches, a final program for implementation of job enrichment should be created.

    Communicating the Program

    After designation of the program, there should be clear communication. All the levels of management, as well as the employees, should be well communicated about the plan of action. In addition, the employees should be given enough participation and their feedback should also be taken into account.

    Advantages

    The followings listed are the advantages of job enrichment:

    • Job enrichment enables the employee ton to learn new skill-sets and enrich himself.
    • With learning new skills, he is prone to new jobs and hence can potentially acquire new experiences.
    • It is one of the best motivational drives for the employees of an organisation.
    • A workplace with motivated and skill-enriched employees can be regarded as a healthy working environment.
    • Since due to job enrichment, the employees are motivated to be participative, it improves their decision-making process of the employees.
    • By increasing the job role and participation of other middle and lower-level employees, job enrichment reduces centralisation of power.
    • Job enrichment inculcates a sense of accomplishment in both the employer and the employee.

    Disadvantages

    Even though job enrichment can be generally attributed to positive outcomes in an organisation, there are a few disadvantages that should be noted.

    • Employees are given way too much control under this approach. However, the credibility of the employees is not always tested. Whether the employee can make full use of the control in his hands or not is debatable.
    • A lot of employees work well and prove to be productive when they are under direction. Given the autonomy of actions, it may affect their productivity.
    • A degree of ego clashes and complexes may also emerge in the organisation since the superiors may feel that they are losing their hierarchical position.
    • Job enrichment comes with added responsibility upon the employees. This may, in some organisations be a tool of their exploitation due to overworking.

    Job enrichment is a two-sided sword. However, it obviously does more good than harm. If it is used by unscrupulous management, it may lead to exploitation of the employees. However, if it is systematically implemented, it would lead to a workforce of highly motivated and driven individuals who are satisfied with the work they do.

    It is for the organisation to decide the right approach of job enrichment in alignment with the other needs of the organisation. A well-enriched set of jobs will only lead to higher levels of productivity.

    Looking for highly talented employees for your company? Register here on our platform to find them.

  • Skills Matrix or Competency Matrix – Meaning, Levels, Benefits, Examples

    Employee Skills Matrix

    A Skills Matrix is rightly known as a Competency Matrix as well. It is a visual instrument that allows an HR professional to observe, analyse and map out the various skills and competencies of the employee in an organisation. This matrix is essentially used to find out the required and available skill-set of the employees. For curating a team for any specific project, a skills matrix comes in very handy. For an HR professional with a data-driven mindset, this proves to be an important tool.

    In a properly framed skill matrix, namely, three aspects are shown. These are the required set of skills in the employees, the existing set of skills in the employee, and the skill set that is missing in the employees. Ideally, it is used for a small or medium-sized group or team. However, it can be potentially expanded.

    Whenever utilized accurately, the Skills Matrix offers a solid review of the information and aptitudes accessible inside a group. It can let you know whether you have the right stuff important to complete explicit errands. In the event that the group is inadequate in certain important aptitudes, we call this an abilities hole. This makes it a basic instrument for any human asset supervisor putting together their choices with respect to the information.

    In the left side of the matrix, the required skills in the employees are listed. In the top row, the names of the employees are mentioned. In the intersection of these rows and columns, the proficiencies and skills of the employee are mentioned by level.

    Skills Matrix Levels

    As mentioned, proficiency and interest are two important parameters of the Skill matrix. “Proficiency” means an employee’s existing credibility in a field. “Interest” shows his/her drive to learn more and develop. High proficiency is no wonder a positive parameter but it is only useful when it comes with a high level of interest. Following described are a few levels in the Skill Matrix:

    Proficiency level 0

    An employee with a zero level has no skill in an area and cannot be put to activity. The focus is on the introduction of basic concepts to the employees.

    Proficiency level 1

    An employee with a proficiency level of 1 only possesses the basic concepts of a skill. The focus for this employee would be on the development of those basic skills.

    Proficiency level 2

    At this level, the employee, not only has basic concepts of skill but also has some practical knowledge about the same in the professional field. At this point, the focus is on acquiring new experiences and extensive training.

    Proficiency level 3

    Level 3 employees are experts of middle-order. They have the relevant knowledge, skills and experience. Hence they can carry out the activities on their own with average competence. Occasionally, intervention from professionals might be needed. There is however room for development and new experiences.

    Proficiency level 4

    Employees marked at this level are experts in their field. They do not need help from other professionals. In fact, they are the ones who help other employees with queries and developmental needs. They generally focus on strategic management and problem-solving in their respective domains.

    Proficiency level 5

    Employees at this level are highly skilled. They work in strategic management. They are experts in problem-solving, coaching and helping other employees.

    Interest

    Interest has a binary level. It is either 0 or 1. 0 signifies that an employee has no drive or motivation for development and learning. 1 signifies that an employee is highly driven to develop his skills and increase his core competencies.

    Skills Matrix Benefits

    A skill or competency matrix has varied uses. Also, it does not just benefit the team that it is applied to. It also benefits the organisation, the individual employee, the final stakeholders/clients etc. Below described are the benefits of a skill matrix:

    Team

    The matrix is most beneficial to the team it is being applied to. With the help of the matrix, all the members of the team are on the same page. It effectively showcases the missing skills which can be attended to by hiring new employees or extensive training of the current spots. It shows the team its strengths and weaknesses and how they can impact the productivity of the team.

    Organisation

    On a broader perspective, the Skills Matrix analysis benefits the organisation. It gets a clear picture of the Human resource it possesses. It also helps the organisation to allocate its resources for the required training and development process.

    Individuals

    The skills matrix provides a two-fold benefit to the employees in the team. TO begin with, it makes the employee aware of his/her strengths and weaknesses. The awareness makes it a starting point for a learning process. Also, the requirements shown in the matrix makes the individual employee clear as to what the team/organisation expects or demands of him as output.

    Stakeholders/Clients

    The increased productivity and efficiency of the team means better output in terms of service. In that sense, it ultimately benefits the stakeholders of the organisation, be it internal or external.

    Steps to Create Skills Matrix

    The framework of a competency matrix is specific and requires some systematic steps to its creation. The steps are described as following:

    Assessment of required skill-set

    A Skills Matrix is generally created by an HR professional to assess and increase the productivity of a team. It is also done to prevent intra-team mishaps like conflicts. Hence, the first step would be to list down or assess the required skills necessary for a particular project. These skills would be the foundation upon which current employees would be assessed, new employees would be hired and training and developmental programs would be undertaken.

    Assessment of the employees’ current skill-set

    The second step in the creation of the matrix is very important and comprehensive. It includes the assessment of the current skill-set of the employees. This can be done by taking direct information from the employee or by asking his colleagues, supervisors, examining reports, etc. Since only asking the employee might not provide an accurate result due to bias, the 180 degree or 360-degree feedback method is used. Upon assessing the skill and experience of the employees, they can be divided into the levels of proficiency as decided by the organisation.

    Assessing the interest of the current employees

    Based on the skills of the employees, they will be assigned tasks. High proficiency would not ensure high output. The employee must also be interested to implement and develop his skills in his activity in the organisation. Hence assessment of the employees’ interest is very important upon which they will be divided into a 2-point interest scale in the matrix.

    Incorporation of the insights

    Once all the data has been gathered, they should be incorporated into the template of the matrix and analysis has to be made of the same.

    Responding to the result

    The last step is the evaluation of the matrix. Here the HR should analyse the data related to each employee. The employees should also be given a chance to make suggestive inputs. If there is any error, they should be rectified immediately. The fact that each employee is assigned to the right job should also be evaluated.

    A skill or competency matrix has emerged to be an important tool in a data-driven workplace scenario. In a situation where analytics are taking over rough data, a skills matrix has proved to be a boon to the HR scenario. It has not only benefitted the employer but also the employees as well as the final clients. The multiple benefiting nature and technical approach of this analysis is what had made it so relevant and important in recent times.