How Do You Create And Run A Recruitment Campaign?

The success of a corporation is largely dependent on its workforce. With them, your business can operate effectively and expand or develop further. You’ll need additional personnel as your company grows. They put in the effort to make business decisions a reality. However, you’ll need competent personnel if you want your company to be truly effective.

The major engine propelling your company forward will be enthusiastic, efficient, and talented people. Unfortunately, it’s not as simple as business owners seem to think to identify such people and persuade them to work for them. To hire the best candidates, you’ll need to go above and beyond; to do so, you’ll need a sizable, carefully thought-out recruitment effort.

Create An Outstanding Strategy

When you require a significant recruitment drive, you must plan it out. The key justification is that you must choose where to begin and how to contact potential applicants. Additionally, you must select the recruitment channels to use and how to formulate your messaging.

However, you must first ascertain your organizational needs before you can continue with the rest of that. How many employees, for instance, would you require to grow your company successfully? What knowledge, expertise, and credentials are required of new personnel to support the expansion?

Consider Employing via Marketing

Our world now is mostly digital. This means you must recognize a digital strategy for nearly anything in today’s world. In light of this, recruitment marketing would be a useful complement to your hiring effort. You should treat applicants for your job openings like your ideal clients.

The main difference is that you’re encouraging them to work for you rather than trying to sell them goods or services by highlighting your corporate culture, working practices, employee benefits, and career chances.

By using a digital recruitment strategy, you may increase the number of individuals who view your open positions and give them a chance to learn more about your offerings. Social media is an excellent platform for your employment marketing effort, especially given how much time younger generations spend there.

Think About The Costs

Finances are among the most crucial factors in managing a significant recruitment effort. Every project of similar scope will undoubtedly be expensive. Running out of money midway through your recruitment drive is one thing you want to avoid. As a result, consider the expenses and choose the best source of funding for your company. In other words, you should consider obtaining financing through loans or credit lines.

Here, you can learn more about how to obtain funding in such situations. You’ll need resources to make the most of your recruitment effort, and you want to save money while it’s still in progress. Because of this, you must plan and ensure you have the resources to see the project through to completion. Otherwise, you risk sabotaging your efforts and guaranteeing your campaign will be a complete disaster.

Concentrate On Cultural Fit

A company’s culture plays a key role in attracting and keeping people. People today would like to operate in a setting where they feel like they belong and want to be around peers who share their perspectives.

Consequently, creating a workplace culture that fosters an optimal environment for your staff should be your top focus. After everything is finished, you may concentrate on selecting candidates who will best fit your company’s culture, thinking style, and operation method.

The truth is that if a candidate isn’t a behavioural fit for your organization, it’s likely that you will suffer a turnover with them, regardless of how experienced, brilliant, or qualified they may be. Turnovers are expensive annoyances that you surely want to prevent. As a result, even though you’re organizing a significant hiring drive, you must be clear about where it counts.

Creating The Job Posting

Your job advertisement is your first opportunity to recruit skilled people for the roles when you are recruiting. This will be the first impression candidates have of your company. It is advantageous to

put time and effort into your advertisement because it will ultimately save you time and money. Making a mistake could result in irrelevant applicants—or, worse, none!

A basic format can help you have a professional design and should only contain the most important information. It would be best if you mentioned the following:

  • Work title
  • Salary
  • Location
  • An introduction to your company
  • Responsibilities and role
  • Key prerequisites (qualifications and skills).

Attracting Applicants

It is crucial to think about utilizing various strategies of attraction in exchange for access to a more diversified and expansive pool of individuals. The ways are:

  • Add a page to your webpage today to immediately attract prospects using the Internet.
  • Job Center Plus can be useful because there are no expenses involved.
  • Internal advertisement: promote personal growth among your employees.
  • Advertisements in regional, national, or trade publications
  • According to GDPR, a file of prior applicants
  • Connect with neighbourhood colleges and schools.
  • The Internet.

Social media is now a significant part of people’s lives for social and professional reasons, so using it to recruit can greatly expand the reservoir from which you can choose candidates while streamlining the hiring process. This will be especially helpful for those industries with fast-moving markets.

Conclusion

Successful recruitment campaigns require more than simply money. It is important to comprehend the employment needs of your company’s industry and plan accordingly. For a campaign to be effective, it is essential to understand the needs of the recruitment process and meet those goals.

One of your main priorities while looking for new employees and attempting to improve your employer brand should be inclusive recruitment. Use these strategies and get ideas from some of the instances we discussed today to put your inclusive hiring policies into effect.

All You Need To Know About Taking Feedback From Employees

Every thought matters, even in professional life. Teamwork output depends on individual thinking and connection with co-workers. A study says that a worker’s performance depends on how others feel about them. Consistent feedback from co-employees strengthen the engagement rate and minimize employee turnover.

Are you aware of the feedback? It is the sharing of reactions and opinions regarding a past story. It boosts professional development and healthy competitiveness. However, feedback creates some complications in the workplace environment. Many employees need help understanding what the review conveys. Many queries pile up over this topic and restrict the workflow.

How does feedback help a person to enrich growth? Do good and bad feedback exist? What are the insane tips to get honest feedback from co-workers? Let’s cover everything about the viewpoints of employees.

The Importance Of Employee Feedback

Feedback in official work life is just like constructive criticism that enhances peers for levelling up. It makes one understand the happenings in your surroundings and build an opinion about it. It is an essential factor that helps one reach their potential and boost productivity. What is the reason behind the feedback?

Every feedback has one aim to begin a meaningful conversation. It may include a compliment or improvement.

Every person has unique qualities and different behaviour. A co-employee’s viewpoint helps in maintaining positivity and rectifying silly mistakes. It is a crucial growth factor in the competitive, professional world. It builds a successful career path for the employee and the organization.

Positive And Negative Feedback

A comment may have positive or negative thoughts about a particular person. However, it must contain unique, honest, and accurate feedback explaining one’s performance. A compliment praises one’s nature and work spirit in the company. Why is it so valuable to get or ask for feedback?

Every person desires praise for their hard work, sincerity, and efforts. A positive response from co-workers strengthens motivation and embraces overall workplace morale. Negative feedback implies that something needs improvement. It means rectification of work quality or lack of some skill that one can achieve once they are aware of it.

One can address these situations positively, although these thoughts may contain a negative comment. One must overcome their issues and eliminate career restrictions for speedy success.

Good And Bad Feedback: What Is It?

A good feedback culture requires accuracy and honesty that helps in boosting the overall work cycle and performance. It embraces one’s behaviour in the workplace environment and provides constant employee satisfaction.

Bad feedback can appear as the worst enemy that may leave you under-confidence. It may cause a lack of engagement and disrupts one’s mental health.

Everyone can not take constructive criticism in the workplace in a helpful way. It may make one directionless in a career! So, one must speak with utmost care of one’s emotions.

Different Types Of Feedbacks Surveys

An employee needs to know their strengths and weaknesses. Superiors, peers, and managers provide thoughts that may support immediate corrective measures. One must understand the worker’s performance through review collection. This mechanism promotes multi-pointer rating. The main point of this system is that the feedback remains anonymous. This way makes sense in keeping the reviews strictly professional without creating any grudges.

  • Consistent Review System

A worker receives continuous reviews on a timely schedule. Some industries need more time/willingness to provide feedback to their workers. Guesses of some points of view may lower one’s motivation.

A workplace can surround a healthy relationship with an impressive morale boost through a consistent review system. It makes every employee happy and productive, although it is a complex system.

Every worker must experience trustworthy leadership with constructive comments. It is not a blaming system that targets employee achievements. Constructive and repetitive feedback helps promote focus and enthusiasm for improvement.

  • Worker Outcome Evaluation

It is one of the perfect methods to analyze one’s performance depending on their work. One can view the output of the employee’s job responsibilities and measure the value they add to the company. Many factors may help to analyze one’s contribution, such as revenue generation and organizational growth.

Every organization desires a winning chance that one can get through expressive and honest feedback. This systematic procedure involves employee grading through manager reviews.

This grading system may help one to earn a promotion or increment in the job. Hence, it plays a vital role in boosting self-awareness and performance metrics.

Different Ways Of Employee Feedback Collection

  • Employee Surveys

Employees, irrespective of their joining schedule, suffer from critical moments. So, an organization needs to know about its workers’ experience. Every team member must feel

welcome and interactive. Poor manager relationships can increase turnover rates and affect an employee’s engagement. So worker communication can enhance their retention through appropriate survey systems. Anonymous feedback can promote healthy relationships without disturbing anyone’s dignity.

  • Worker Suggestion Box

It is an old-fashioned way of getting honest feedback. But, it helps the companies get anonymous reviews without any digital footprints. One can place the suggestion box in an easily accessible office area where employees can come together.

  • Review Sites

Review Sites make connections and networks more easily, unlike personal communications. Many employees are uncomfortable sharing their thoughts directly with some co-workers. But, review sites resolve these issues, and a company must keep them on their radar, including :

  • Glassdoor
  • InHerSight
  • Indeed
  • And more.
  • Stay And Exit Interviews

It is a reliable way to collect feedback from top performers. An organization wishes to know answers to different questions like:

  • What features make them stay on the team?
  • What strengthens them to participate in multiple activities?
  • What are their plans for advancement?

Such feedback is easy to run company-wide whether the employees work in a hybrid state or remotely.

On the other hand, Exit interviews strengthen a community to discover the reason behind an employee’s resignation. An employee will respect the company’s curiosity about their thoughts regarding managers, compensation, and benefits.

Conclusion

Every employee’s efforts need appreciation and honest feedback. A constructive review may provide the determination to change their work perspective.

An organization must utilize this tool with comprehensive actions. Our competitive talent pool requires a growth-oriented approach that feedback may provide. Hence, online or offline reviews work as a motivational career path building better relations in the workplace.

What Are The Key Considerations When Drafting A Commission-Only Employment Contract?

Employment contract drafts are an agreement between an employer and an individual employee. It is a broad explanation of the duties and the rightsconcerning: the organization and the newbie worker. Drafting an accurate and confidential commission-only employment contract is a piece of work that needs patience and clarity. So, what does this employment contract mean?

Employment Contract: What Is It?

Every work relationship operates based on an agreement between the company and recruitment. Suppose you choose a perfect candidate for the job responsibilities. You propose an offer, and the recruitment accepts the proposal. But you must write down your employee’s contract before getting to work.

It would help the joining employee to understand the expectations of the organization. That’s how it masterfully sets the obligations to avoid future disputes. So, what are the different types of worker contracts?

Different Types Of Workers’ Contracts

  1. Employment Contract Drafts

These are easy-to-write drafts that explain the role of the joint clearly. Such contracts broaden the responsibilities and benefits to avoid any calamity. The Breakdown of a contract causes legal consequences.

  1. Implied Contracts

It depends on the comments that were made during the interview; therefore, it is important to refer to the training manual for guidance.

  1. Union Labor Agreement

It occurs between a company and a group of laborers. It includes wages, benefits, and other work criteria.

  1. Commission-only Employment Contract

It means that the worker won’t get any salary or wage. The advantages you get will depend on the sales you make.

The employer track sales that the worker makes and provides a commission for the same. It is a convenient way to monitor the performance of the newbie. This agreement must involve the process of earning compensation for work. Selecting the option of commission-only payment is a dose of encouragement for employees. It boosts sales and maintains business at an optimal level.

Are There Any Benefits Of Commission-only Employment Contracts?

  • It helps define the responsibilities and tasks recruitment must complete within the contract period.
  • This contract safeguards the rights of both parties, providing comprehensive coverage of every detail.
  • The unreliable future becomes stable for the worker and the organization through contracts.
  • Many organizations offer a benefit plan for recruitment that boosts participation.
  • Many companies offer health and medical coverage as an additional benefit to their employees.
  • Industries can provide services such as investment advice, life insurance, stock options, and executive financial counselling.
  • Some government agencies give pensions.

What To Consider While Drafting Commission-only Worker Agreement?

A well-drafted Contract prevents misunderstandings and ultimately aims to protect business interests. These are the must-know points to consider for a sales commission agreement:

  • Steps To Get Commission :

A clear explanation of the task and responsibilities that makes sales representatives earn a commission. An employee will be comfortable with receiving commissions as part of their earnings.

  • Duration Of Payment :

It also states the time of the month when commission payments are under the transaction. It puts in the details of invoice-making duration. For instance, the company considers the sales that the employee produces until the 7th of the month. The industry pays the commission on every 15th day of the month.

  • The Restrictions Of Commission Earning:

Every sale that occurs within the industry has no going back. But, only some small organizations can experience reverse sales. It may lead to a refund, product return, order cancellation, or payment delay. So, the agreement must include the consequences of different situations on the commission.

  • Commission Formula And Structure

All details of the aspects that highlight the commission formula must be there. It must describe an equation that companies prefer for calculating the sale price. Hence, commission calculation takes place with tax and shipping fees.

  • Incentives

Some companies provide extra benefits to the workers in terms of sales reps incentives.

The commission, for instance, is a bonus on task completion beyond the targets.

  • Additional Acknowledgement

Agreement of both parties is essential:

The parties are voluntarily executing this contract without any undue pressure. Both parties have read the terms and conditions and understand the consequences. An attorney’s advice has already sought the choices before the contract sign-up.

  • Liability, And Confidentiality

The liability of the agreement is two-way; it depends on both parties. The contract must convey the confidentiality rules that the recruitment must consider within the agreement period and later. The worker must not reveal confidential information to any third party that may risk business operations.

What Else Does The Contract Contain?

  • Personal information

The recruitment must provide personal details, including :

  • Contact information,
  • Address,
  • Emergency contact number,
  • Education qualifications,
  • Blood group and more.

Personal information helps an organization to know the chosen candidate better. It must also include identity card details and account details. These details will help the company in transferring the commission under safety.

  • Termination

One must remember that an employee is not permanent. Several obligations of the company standards may terminate the company-employee relationship. So, the contract must contain the will of employment term and how long it lasts. What are the problems or conditions that might lead to termination of employment? Commission of any wrong deed or breach of the agreement can terminate the contract and the worker’s reputation.

  • Expenses Of The Employee

Every worker has some expenses, and the company offers reimbursement in addition to the commission-based salary they promise. It can be the reimbursement of business expenses within a set period.

Some organizations also offer car allowance or food allowance, or other such amenities. Some industrial fields also provide a relocation package. So, every detail must be present with accuracy.

Conclusion

Commission-only agreements make a stable environment between the company and the recruitment. The agreement explains the activities or duties that will help the worker earn a commission. The contract will cover the rights and benefits of both parties, outlining and solidifying the formal relationship, and preventing misunderstandings or disputes. It will also include details such as the termination, amount, duration of the invoice, payment methods, and more.

Hiring a new employee requires rights, obligations, documents, contact information, and many other components. There are different clauses, like the non-disclosure clause, acceptance, and commission structure. Hence, one must handle such lawful write-ups with care and concern.

The Benefits of Hiring Young Employees

The current situation of the job market is unstable! It is due to the complexity of finding the candidates who qualify. However, companies are exploring different ways to boost the era with intense growth. Reports say that trainees are more flexible with extra hours of hard work.

The current youth is experiencing a rapid demand in the job network nowadays. Every young person aims to perform best in their first job. Their enthusiasm and sincerity in the workplace are inevitable! Excellent performance at work reflects on one’s mental health.

Nowadays, industries and governments look forward to hiring as many youths as possible. The main motive for hiring youngsters is to embrace and explore the benefits.

Why Young Employees?

Young employers offer transparency to their co-workers and stay loyal to company standards. The innovative initiatives and up-to-date knowledge of the newbies support organizational growth. Many people are seeking retirement at an early stage, so companies are looking for top talent simultaneously. The fresh graduates are multi-taskers with skillful and passionate efforts. Their new skills and creative ideas develop the future flourishment of your business.

Companies look forward to the continuous advancement of traditional standards of employee selection. Young employees provide never-ending benefits, including productivity, independence, and financial security. Hence, every newbie in the job network creates a sustainable future. Every employee has a unique style of working that enhances the diverse cooperation of different brains.

Advantages Of Employing Youths

  • Maximization Of Productivity

New hires have high-valued morals and quality goals. They put extra effort into meeting the company’s desires and blooming their growth with extraordinary performance. The bright side of massive productivity is that it is motivational at the best level for other co-workers. A newbie’s hard work won’t end up in the long run! They will fasten their speed to compete with the senior employees.

The companies appreciate their focus on career advancement and, thus, promote youth recruitment. Their extra efforts help them win parity with their co-employees. They are responsible and avoid every mistake to maintain their personal/professional goals. Organizations must not concern themselves regarding the investment they make for newbie training. The amateurs may not have experience, but their high productivity contributes to an organization’s long-term goals.

  • Intense Patience For Career

The younger the employees, the higher their passion! Their career activity strength is mesmerizing over long-term seniors and colleagues. Their energy and passion are inevitable as it is their first employment opportunity. The employers have super-high expectations regarding the commitment and quality of results from newbies.

They are enthusiastic about everyday routine work. The reason behind their explicit passion is their interest in the field they work. Companies must train employees and let them have the best time. They can offer their learnings and put them into practice for the best results.

  • Tech Advancement And Agile Development

The Millenial age surrounds technology that enables them a natural hold on the tech world. They have a keen ability to understand different technologies. The young generation provides a business-driving impact and supports the assistance of hi-tech software. Modern-day priorities are continuously changing that keeping workplaces in a state of flux. Thus, millennials are the perfect choice for a modern work environment offering adaptability. The workplace today is highly agile and fast-paced due to youth staff.

  • A Motivational Learner

The newbies are keen learners with an extreme interest in the building experience. Studies have shown that 60% of 25 years olds have up-to-date contemporary qualifications. Their mindset of growth is so systematic that they absorb new skills at a quick learning pace. Their main motive of meeting workplace requirements makes them flexible. Young ones are easy to teach and follow intrinsic motivation. This way helps in fast growth and upscaling regarding new responsibilities. Their potential learning ability and highly flexible skills are something that every business needs.

  • Risk Takers And Future Planners

The current youth are proficient risk-takers who extend a business opportunity for success. Companies that have exposure to multiple cutting-edge strategies recruit young ones. The millennials’ successive knowledge and risk-willingness grab the attention of industry professionals. They are aware of what they desire and how to achieve their goals!

Experience turns one into an expert. Several contemporary organizations have intact knowledge and superlative-thinking capabilities.

Such industrial guidance boosts success through digital transformation. The hiring of newbies provides an impressive outcome. Their plans are as rigid as a hard rock!

Hence, the workforce must include a fully-fledged pack of youngsters who are keen learners with cutting-edge skills. Their top-notch adaptive nature makes them flexible and comfortable with every company requirement. The modern complex world is unsustainable due to variable demand and market variation. Thus, the newbie generation plans for the future with consideration of statistical probabilities. Thereby, it makes them a keeper and go-getters.

  • The Company’s Plus Points That Support Youth Hiring

The newbie employees are not under the pressure of meeting payrolls, unlike the old applicants with a top-notch experience. Every millennial desire to settle and cover the path of a happy job from unemployment. The 21st-century pandemic has already altered career-enhancing changes for newbies. The recession due to COVID-19 has affected several job perspectives.

Applicants who have intense experience demand high pay. However, companies need not spend several amounts on newbie individuals in the market. The newest employees are affordable, even though the millennials’ training might go expensive. But, this is not a worry for any industry or organization.

The early investment in training compensates through high productivity in the long run. Some business organizations hold security deposits in case of the employee leaves before completing the probation period.

The current generation brings positivity to the workplace. Proper instructions for a trainee makes them eligible for efficient growth. They are free from multiple office regulations as a newbie. However, a compact onboarding process is of utmost importance.

Lastly, handling younger workers is an easier task. They feel happy to work extra hours to contribute their efforts to a company’s success. Their multitasking capabilities and prior-to-schedule make them a worthy choice.

Conclusion

Several decades of advancement have led many organizations to foster growth through technology. Companies are continuously changing business practices with the trends coming up in the market. Millennials change their approach and mindsets according to market conditions with broad ideation. They are engaging and always energize the workplace, hence, encouraging others. Younger employees thrive in a fun work environment along with excellent outcomes. Thus, they are in better shape than the company’s old employees.

Top challenges startups face in recruiting and retaining talent

Successful business founders usually attribute their success to having the right team. This is mainly because an early employee may significantly influence a startup’s success narrative.

The journey that the members take together forms a fantastic team. Hiring the appropriate individuals is the first step, though. Faster success may be achieved, especially for startups, by hiring workers that fit the company’s culture and possess the necessary technical abilities.

Reputation and visibility of the business

As a startup, you may have yet to hear of your company. Unlike larger firms, you don’t have a good reputation to rely on when looking for talent. It gets harder and harder to get top talent if no one has ever heard of your company. Candidates taking a chance by joining a startup business they’ve never heard of is risky. As much as we are reluctant to admit it, perception plays a significant role in applicant selection and impressions of employer brands, which is why hiring for your company may be challenging.

Your employer brand and employee value proposition

First and foremost, you must consider what distinguishes you from your major talent rivals—and yes, this also applies to the more well-known athletes. Many applicants will be attracted to your startup’s goal, beliefs, and culture, especially those seeking a challenge or wanting to be a part of something new.

You probably haven’t given building an EVP—a set of standards outlining what applicants may expect from your role as an employer—a lot of attention if you have a small staff, but you should in the present labor market. This will assist you in determining what makes your company a special place to work, which you can subsequently share with candidates and lay the groundwork for candidate perceptions of your employer brand. The EVP will serve as a blueprint for your business’s culture, including how you treat workers and what you expect of them. It’s a helpful tool for setting yourself apart from the opposition and enhancing your employer brand.

Lack of available tech talent

Tech recruiting is now challenging for companies of all kinds, especially startups, due to a worldwide skills shortage. The number of tech graduates coming out of universities each year is limited, and firms are doing all in their power to retain experienced IT professionals. How can you fill positions to expand your company if they don’t exist? As much as we’d all like to, you can’t always afford to hire employees from scratch, and waiting for suitable candidates to find you will delay your expansion ambitions. Since applicants are being snatched up rapidly due to the strong demand for IT skills, many firms are left in a bind.

Contacting unwilling or different prospects

The fact that every startup, so-called “scale-up,” and established business look to the same talent pool to meet recruiting demand explains why many are having trouble finding talent. As a result, when it comes to hiring, businesses need to be innovative and think outside the box. Consider different approaches to enlarging your talent pool, such as deploying paid advertising campaigns to connect with and interest relevant passive prospects in your position, or reconsider your definition of the perfect applicant. While attitudes cannot be learned, skills can. As a result, it could be advantageous for you as a business if you locate people that match your passion and beliefs but who might need some assistance honing their IT skill set.

Increased talent competition

There is a big surge of organizations hiring and looking for the same skills, in addition to a shortage of talent. This is a challenge for startups since you have to make a solid first impression on potential employees who may have never heard of you. The question of remuneration also arises if you are in direct competition with major tech firms, such as Amazon, Google, or Facebook. Due to a lack of financing, startups sometimes cannot offer the same benefits and compensation as these well-known companies. This makes it more challenging to attract talent since you run the danger of being pushed out of the competition.

How to solve the recruiting problem?

Use a platform for recruitment marketing that enables you to centrally manage job ads and applicant responses. Most platforms also measure how frequently job ads are watched and clicked on, allowing you to reduce spending where it is ineffective. Making it a practice to review and analyze statistics can help you identify the sources that yield the most qualified applicants and conversions.

To draw in top candidates, you must hire them swiftly and streamline the recruiting process. To hasten the process, it’s critical to create a recruiting strategy that outlines the precise knowledge and expertise you want in applicants, the money and effort you can commit to the search, the number of candidates needed, and the duration of the interview process. Additionally, everyone on your team has to be informed of this strategy.

Using simple language in the position description is a fantastic place to start. Your job postings should outline the duties, obligations, and credentials you want in an applicant. A project or success story connected to the available position might be highlighted in your description to personalize it even more. Potential candidates should be interested and informed by your job advertisement.

Conclusion

Your recruitment expertise is the key factor influencing how a firm is shaped. By conquering the hiring as mentioned above difficulties, you will be establishing the stringent standards required for your business to remain competitive in the marketplace today.

All of the advice mentioned above leads down to this: while developing recruiting techniques, applicant psychology must be your priority. However, what has worked for others might not be appropriate for handling your unique applicants. As a result, you need to pay special attention to how unique your business is and what sector it works in.

How to Respond to a Job Rejection Email

How To Reply To A Job Rejection Email?

Being rejected for a job you always wanted might be upsetting, especially if you believed that you were a top candidate after clearing several rounds of interviews.

What ought to be done if you’ve been rejected from a job application? How ought you to reply to an email rejection? The hiring process was no longer casual, and some businesses don’t bother to inform candidates that they have been passed over for a position. Notification of unsuccessful candidates by employers is not mandated by law.

How To React To A Job Rejection Email?

Sending a follow-up email is only required if you genuinely want to leave a positive impression and be given consideration for opportunities with that particular firm in the future.

Nevertheless, you may want to leave a positive impression on the company that rejected you. In that case, you could write a follow-up email in which you thank them for the chance to interview you, apologize subtly for the denial, and ask to be considered for any prospective positions.

Why You Should Consider Replying?

Unbelievably, a lot of rejected job candidates later find employment with the organization that first left them.

In other instances, hiring managers who are impressed with second or third-place applicants frequently make introductions on their behalf to other businesses or clients they know are looking for qualified people for available positions.

What Should Be Said In The Message?

Keep your message straightforward when you follow up in writing after receiving a job rejection. You only need to include the following in a brief email to the recruiting manager:

“Thank you for giving me the place to express myself.”

You are disappointed at not receiving an offer, but try not to be overly negative. A request to be taken into account for potential better-fitting possibilities in the future

What Not To Say If You Weren’t Hired!

You shouldn’t broadcast your complaints about the business in a follow-up letter or criticize the interviewers for failing to see how valuable you could have been to them.

Follow-up letters and numbers are not opportunities to inquire whether you were passed over for a position or to get advice on how to improve your interview performance.

Keep your tone professional and upbeat at all times. It is advisable to avoid sending a follow-up email altogether if you believe you cannot control your negative feelings.

Importance Of Replying

Any email should be responded out of politeness. The recipient wants to know that you got their communication first so that they will value your response. However, other factors make it crucial to reply to a rejection email.

  • Demonstrate your continued interest

One method to demonstrate that you are still enthusiastic is to reply to a rejection email. If you don’t respond, the employer won’t feel the same way about them or may not think to consider your application for future openings. Or they could believe that you have abandoned them and joined another business.

  • A favorable impression

Even though you may not have been a good match for a certain position, that doesn’t always mean you won’t fit in the firm. Responding to the work rejection email demonstrates maturity and emotional intelligence to prospective supervisors, and it leaves a positive image in general. Companies frequently maintain what they refer to as a “talent pipeline.” The corporation considers each person in the line as a possible applicant. You want to remain in the organization’s service.

How Do You Reply To An Job Rejection Email? (Template)

Your rejection email should contain a few sentences in which you express your appreciation and ask for feedback if any. Review this sample to discover what information to add in your email response to a job rejection:

Dear Interviewer Name,

Acknowledge the interviewer for providing an update on their choice and for the chance to speak with them.

Ask to be considered for any upcoming positions the interviewer thinks you would be more qualified for.

If you want professional input on your abilities or resume structure, use this section at the end to get it.

Thank the interviewer again for the opportunity.

Best regards,

Your first and last name.

A Good Email Rejection Response Example:

Here are two illustrations of email replies for job rejections. Make sure to format it following the example above to avoid having your response come across as a boilerplate.

How Do I Ask About Future Employment Opportunities?

I appreciate you telling me about your choice and providing comments. I’m grateful you took the time to get in touch with me. Your competence is an excellent illustration of what Company ABC provides.

I’m open to any opportunities that might benefit from my knowledge and abilities. It is a privilege to support Company ABC’s [insert objective] in any way.

How To Request Feedback Following A Job Rejection?

I appreciate you following up and letting me know what you decide. Despite my disappointment, I appreciated looking forward to meeting you and the project head during the interview. I wish ABC Company well and hope the project we discussed in the interview proceeds smoothly.

I’d like to hear your thoughts on my interview and application process if you have time. Any information you can give will undoubtedly be useful to my job search.

Once more, many thanks for the chance. If I can help you in the future, let me know.

Is It Okay To Request Feedback Following An Email Rejection?

Asking for input in response to an employment rejection email has no adverse effects whatsoever. The following are some advantages you may have in this situation:

  • You will gain more knowledge on how to strengthen your job search.
  • You could discover a new aspect of yourself.
  • You can demonstrate that you challenged yourself to improve and progress.
  • You provide access to upcoming employment possibilities.
  • Despite knowing that, you also gave your best, which allows you to go on.

Work at Microsoft 

About Microsoft

The 3rd target company in the world with a market capitalisation of $1.83 trillion, Microsoft is an American MNC that sells computer softwares and electronics. Microsoft was founder in 1975 by Bill Gates and Paul Allen. Microsoft is a dream company for millions of people across the globe. 

What does Microsoft do?  

Which business is Microsoft in?

Source: https://www.microsoft.com/en-in 

About the leadership team at Microsoft

Executive Officers at Microsoft 

Board Members at Microsoft 

Microsoft in India

Microsoft India began its Operations in 1990. Key leaders for Microsoft India are as below

Source: https://news.microsoft.com/en-in/leadership/ 

Offices of Microsoft in India

Microsoft has office in the below cities in India

  • Bangalore
  • Gurgaon
  • Hyderabad
  • Mumbai
  • Noida

Latest financial information of the company can be viewed at https://www.microsoft.com/en-us/Investor/ 

Work at Microsoft 

As of 30 June 2022, Microsoft employs 221,000 employees worldwide. 122,000 of these professionals are in the United States and 99,000 International. 

Culture at Microsoft 

The glassdoor ratings of the the company are fantastic. 

  • 93% recommend to a fried
  • 98% employees approve of the CEO
  • The overall rating was 4.5

Details: https://www.glassdoor.co.in/Reviews/Microsoft-Reviews-E1651.htm 

How to apply for a Job at Microsoft 

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Typical Salary at Microsoft

Software Engineer Salaries at Microsoft (Data Source: https://www.glassdoor.co.in/ )

3 reason why you should consider working at Microsoft 

  • Microsoft hires the top people and you can expect to work with other smart people that helps you grow
  • Good benefits – People, on average, like the compensation at Microsoft along with other benefits like health
  • Flexible work-setup allows for top talent to be attracted to Microsoft

3 reason why you should not consider working at Microsoft

Given the kind of large organisation Microsoft is, there are typical people issues of a larger organisation.

  • When so many people undergo yearly Performance Appraisals, a lot come out dis-satisfied
  • Some people did not like their managers based on the glass door review. They felt that their managers were confused. 
  • Work-life balance: Some people complained of long working hours on the weekend. 

Hope this blog was useful for people planning to apply for a Job at Microsoft and for the ones who already have an offer and wanted to know more. If you have any questions, feel free to ask in the comments below. We will be happy to bring existing employees of Microsoft to answer those questions for you.

Thank you for reading

How can foreign companies find Talent in India?

Five reasons why Companies look to hire Indian Talent

A simple LinkedIn search with the below keywords for profile searches keeping the Location as India fetches the below number of results

  1. Java: 23,40,000
  2. Sales: 45,60,000
  3. Marketing: 53,70,000

The above numbers showcasing the number of potential hires in India are astounding, mainly because only less than 6.5% of the Indian population is on LinkedIn. 

The Talent in India is aplenty that international companies can use to their advantage.

  •  Expected Pay: Average salary candidates expect in India is much less, in some cases even less than 10% of their international counterparts

IndiaUSUK
Java DeveloperUS$ 6259US$ 93118US$ 58717
SalesUS$ 3568US$ 57789US$ 39082
MarketingUS$ 3816US$ 74464US$ 39101

Source: https://www.glassdoor.co.in 

  • Good penetration of English in India allows English-speaking employers to connect effectively with their remote workforce. 

Image Source: https://twitter.com/Stats_of_India/status/1514844191670824962/photo/1 

  • Indians are hardworking: Coming from a conservative culture also makes Indians someone ready to listen and do more of what is expected. Also, they are more disciplined in general. 
  • Indians are problem solvers, and they love doing it. Besides, Indians are also hungry to acquire new skills. Besides, India produces way too many engineers, which makes it very lucrative for foreign companies to recruit from India.

Can a foreign company hire employees in India?

Absolutely, Yes. Foreign companies can hire and employ Indian employees directly without the need of any 3rd party.

How do companies hire remote Indian Talent?

  • Sourcing: Relevant candidates can be found via LinkedIn, Job-boards, OR via Recruitment Companies in India
  • Screening & Coordination and engagement during the Interview process: It is better to keep all interview rounds as video interview rounds to ensure that there are no fake candidates in the process. Also, connecting with the candidate on LinkedIn is recommended to ensure that the candidate is exclusively employed with your organization.
  • Employee Management: Companies can hire employees directly OR hire them on the payroll of an Indian company. 

Here’s a recruiting from India checklist 

  • Make sure you set up a minimum of two interview rounds (a minimum of one functional interview and 1 HR discussion) with the candidate before making an offer. Make sure that the below questions are covered in the HR Interview.
    • How would the candidate manage the time-zone difference (if any and if required)
    • Infrastructure: In the case of Work from Home, it is best for HR to confirm that the candidate has the required resources Examples
  1. Uninterrupted internet connection, 
  2. Laptop as per the configuration required by the company in case the company is not providing laptop on joining, 
  3. Others include comfortable seating (desk/chair), mobile, etc. 
  • Holidays: It is best to discuss your company’s leave calendar and policy at the start. 
  • Growth opportunities: The Indian market is booming (especially IT), and if HR can showcase company growth and potential project growth for the employee, it might have a very positive impact on the candidates’ performance
  • Mode of salary transfer. It is imperative to communicate in advance about the mode of salary transfer and transfer deductions if any. The tax liability rests with the individual, and HR should ensure that it is also mentioned in the candidate’s offer letter.
  • Open a line of communication: The HR interview is a fantastic place for HR to build a rapport with the candidate. Suppose the selected candidate was working with an Indian company earlier. In that case, HR must proactively communicate to the candidate that there might be cultural differences and differences in “how the company works”. Ask the candidate to expect that and make them comfortable to be able to communicate if they face any challenge. A 1, 3, 15, 30, and 90 days feedback could be an excellent idea in this scenario. 

Why do Indian employees prefer international organizations? 

 Disclaimer: Kindly note that the below points are blatant generalizations and might not hold in some scenarios. However, here are the top 4 reasons why Indian employees prefer international organizations

  • Better pay: Indian candidates typically expect a 20-30% hike while switching to the Indian market. However, they may expect a 30-50% hike when switching Jobs to a company with an office outside India. 
  • Work from Home: After covid, as more employers start calling employees back to the office, some of them prefer a Work from Home regime and can easily switch to an international organizations
  • Increased Work-life balance: Some Indian companies expect impractical working hours, and their foreign counterparts offer a better work-life balance. 
  • Exposure & future career opportunities: Working with international employers gives them better exposure and opens up opportunities for several other Jobs. 

When not to consider hiring a remote Indian employee

  • When your complete team is from a particular geography, a manager from the same culture would understand the team better, and it might be counter-intuitive to hire a manager from a different culture altogether.
  • Sales roles where relationships play a significant role: Every culture has nuances that might take some time for outsiders to adapt. For roles that require meeting customers in person, it might be efficient to hire a local candidate.
  • In cases where proximity with the team can be more efficient, remote hires might not be the best option.

Have questions related to recruiting from India? Let us know in the comments below and we will be happy to answer them

Five digital trends that are urging the evolution of HR

Five HR digital trends that are urging the evolution of HR

Even though the pandemic has slowed development in several industries, the field of HR technology is looking promising. With some exciting innovations on the horizon for 2022, HR’s usage and relevance of HR technology is more prominent than ever—procedures like telecommuting and virtual training are now standard. Technology must smoothly integrate into the everyday world of work from the first point of contact with a possible employee, eventually allowing the employee to provide better performance in a digital workplace.

Here are some of the major HR technology trends for 2020 to 21 that would help you achieve the productivity and efficiency of your HR department in the following years.

  1. Heading Towards Productivity Systems with Core HR Platforms

Core HR solutions are an essential element of the HR technology ecosystem, with a market value of over $8 billion. As per Bersin’s study, Core has grown even more helpful for workers over the previous decade, with devices that allow users to manage their data, benefits, and different activities utilizing a unified platform employing self-service capability. Furthermore, in addition to the primary HCM system, many companies now want an app market.

Darwinbox is India’s most complete HRMS platform, allowing you to customize the whole organizational structure to make it much more relevant and structured. You also can connect it with ORAPPS and other similar systems to gain a completely different perspective on the data.

2. Employee Engagement and the Employee Experience Industry

Employers are changing their mindset from routines and transactions to encounters that count, as per Josh Bersin. To put it another way, businesses no longer merely seek easy-to-use platforms, and they want to invest in systems that can provide employees with simple, treasured memories. They seek a system that can assist them in analyzing case management, concurrency control, service management, and ensuring their workers’ safe return to work following the pandemic.

A representation based on Deloitte’s Simply Irresistible Organizational structure is shown below. These are complicated workflows in and of themselves, which all employees face at different times throughout their careers.

3. Contingent and Gig Work Management Has Turned Into A Marketplace

The remote working environment has become a must-have for several organizations, and innovation plays a big part in that. Everything would be handled utilizing HR Technology, from the most fundamental operations such as tracking employee leaves and attendance to more essential ones such as talent acquisition and managing payouts and tenures.

According to Bersin’s research, only 8% of respondents feel their firms are prepared to handle gig or contract employees properly. At the same time, 65% now regard it as vital, and 41% say gig and independent contractors represent a substantial part of their labor force. However, according to the Deloitte Human Capital Trends study, HR is only involved with this workforce approximately half the time or less from outside recruiting, interviewing, and choosing individuals. This “shadow labor” is not being handled well, necessitating significant advancement in necessary tools to make it simpler.

4. Augmented analytics will be around for a long time

The worst blunder one can do to speak about tech without clearly addressing the worlds of analytics, AI, and mental functioning. People analytics is a prevalent issue in HR, and it is presently the fastest-growing sub-domain of the industry. Companies that integrate data and analytics into their operations outperform their competition in efficiency and profitability. It is correct since this data can eventually assist in making better judgments by depending on patterns rather than intuition.

The analytical examination of candidates, devoid of human prejudice or mistake, is an extra benefit in the field of HR software. Employers may now delve into employee data to learn about essential elements of their employees’ lives, such as attrition rates and causes, performance, and the general efficacy of leadership techniques. Companies may better detect talent indicators and hazards that may develop due to new hiring and leadership techniques using predictive analytics.

5. Artificial Intelligence is now powering more processes than it has ever been before

The transition to machine learning is a crucial trend in the technology sector, and HR software is no exception. AI systems can ingest large volumes of data, use techniques to discover patterns, and utilize the results to draw connections, draw conclusions, or aid decision-making.

We think that intelligent bots, such as Darwinbox’s changes in the world, may function as self-service platforms, allowing HRs to concentrate on the more complicated and urgent concerns that need to be addressed. Regarding video-based applicant screening, it may also play a big part in determining whether or not the applicants are guilty of any wrongdoing by evaluating the ambient noises and facial expressions. AI will simplify transactional operations, including leaves, punctuality, and surveillance teams to a slight glance or voice control on the individual employee’s mobile device.

Conclusion

It’s difficult to dispute that innovation has been changing traditional HR procedures for the past couple of years, and 2020 seems to be no different so far. It is correct to conclude that everyone’s future in business is already shifting and will continue to change in generations. Whether that’s the constant organizational performance approach, improving comprehensive training opportunities in the industry, or even using machine learning to monitor their applicants.

Australia’s Approach to AI Governance in Security and Defence

On 27th February 2020, a fully autonomous Australian robot with no human on board used a pre-programmed route with remote supervision to undertake and complete its mission. Australia also won the Silver medal at the 2021 Robot Olympics six months later. In this event, the Australian robot used AI to autonomously explore, map, and discover models representing lost or injured people, suspicious backpacks, or phones while navigating harsh conditions. Clearly, Australia is at the forefront of robotics, autonomous systems, and AI research and development. Australia intends to use AI for security and defense applications and is also developing governance structures in line with Australian values, standards, ethical and legal frameworks. 

Kate Devitt & Damian Copeland have discussed this in their research paper titled “Australia’s Approach to AI Governance in Security and Defence” which forms the basis of the following text.

Importance of this Research

AI has enormous potential in Security and Defence applications. AI applications could threaten human rights in warfare and pose ethical and legal risks. This research paper outlines the approach of Australia to make use of AI in Security and Defense. 

The research paper also outlines that Australia’s Department of Defense recognizes AI as a priority for future developments. The research paper also outlined the definition of AI and explained the need for Artificial Intelligence for Australian Defense. 

Use of AI in Defense

As per the Australian government, Australia focuses on AI to build robotics capability, autonomous systems, precision-guided munitions, hypersonic weapons, and integrated air and missile defense systems, space and information warfare, and cyber capabilities. 

AI Governance in Australia  

Source: https://arxiv.org/pdf/2112.01252.pdf 

AI Ethics Principles 

Source: https://arxiv.org/pdf/2112.01252.pdf

The research paper also discusses in detail about

  • Standards Australia’s Artificial Intelligence Standards Roadmap: Making Australias Voice Heard, Human Rights, and Australia’s action plan for AI,
  • AI governance in Defense and Ethical AI statements across the Australian Navy, Army & Airforce,
  • Human governance in Defense,
  • Ethics in Australian Cybersecurity and Intelligence; and the Framework for Ethical AI in Defence, and
  • Defense Data Strategy

Concerning the use of AI, it is helpful to establish 

  • Responsibility: Who is responsible for AI?
  • Governance – how is AI-controlled?
  • Trust – how can AI be trusted?
  • Law: How can AI be used lawfully?
  • Traceability: How are the actions of AI recorded?

Conclusion

AI has tremendous potential for security and defense applications. Nations can use it to counter-terrorism, for border conflicts, and help them save armed personnel’s lives. Australia has identified the criticality of AI in defense and tried to build a framework around its application

In the words of the researchers

Australia is a leading AI nation with strong allies and partnerships. Australia has prioritised the development of robotics, AI, and autonomous systems to develop sovereign capability for the military. Australia commits to Article 36 reviews of all new means and method of warfare to ensure weapons and weapons systems are operated within acceptable systems of control. Additionally, Australia has undergone significant reviews of the risks of AI to human rights and within intelligence organisations and has committed to producing ethics guidelines and frameworks in Security and Defence (Department of Defence 2021a; Attorney-Generals Department 2020). Australia is committed to OECDs values-based principles for the responsible stewardship of trustworthy AI as well as adopting a set of National AI ethics principles. While Australia has not adopted an AI governance framework specifically for Defence; Defence Science has published A Method for Ethical AI in Defence(MEAID) technical report which includes a framework and pragmatic tools for managing ethical and legal risks for military applications of AI.

Source: Kate Devitt & Damian Copeland’s “Australia’s Approach to AI Governance in Security and Defence” https://arxiv.org/pdf/2112.01252.pdf 

Taxable Stock Trading with Deep Reinforcement Learning

Can machines beat humans in stock market trading? 

Machine Learning has been an area of great interest for traders because of the insane amount of money that could be made from the stock market. Arguably, Deep Reinforcement Learning can outperform human traders. However, most of the Deep Reinforcement Learning models built to date only consider the stock’s selling price minus the buying price to maximize profit. In a real-world scenario, transaction costs for buying, selling, and taxes affect the actual profit made by the investor. 

Shan Huang has discussed this approach in his research paper titled “Taxable Stock Trading with Deep Reinforcement Learning,” which forms the basis of the following text.

Importance of this research 

The researchers have demonstrated that tax ignorance could induce more than a 62% loss on the average portfolio returns. This research paper by Shan Huang aims to maximize net portfolio returns using Deep Reinforcement Learning while considering transaction and tax calculations. 

About the research 

The research paper mentions the mathematical details of the model built for Deep Reinforcement Learning. 

Assumptions

  • The data set includes SPY’s (Exchange Traded Fund consisting of S&P’s top 500 companies) daily closed price and volumes from 13th November 2008 to 13th November 2018.
  • Minimum time step dt = 1 representing one trading day, and hence the total trading days per year is 252.
  • The tax regime is as mentioned below (in the US)
    • When a stock is held for more than one year, a 15% tax rate is applicable for capital gains.
    • When a stock is held for less than one year, a 25% tax rate is applicable for capital gains.
    • Investors can get a tax rebate to offset their capital gain for losses.
  • The length of the trading period is set to be five years.
  • A transaction cost of 0.1% is also included for more realistic calculations.

Research Data

The researchers have created a new OpenAI Gym environment where the observation in each timestep is SPY’s daily closed price, trading volume, averaged-basis, and average holding period. 

About the Model

In the words of the researchers

To represent the policy, we use the same default neural network architecture as PPO with fixed-length trajectory segments, which was a fully-connected MLP with two hidden layers of 64 and 64 tanh units respectively. The final output layer has a linear activation. policy and value function are estimated through separated network. The number of steps of interaction (state-action pairs) for the agent and the environment in each epoch is 5000 and the number of epochs is 50. The hyperparameter for clipping in the policy objective is chosen to be 0.2 and the GAE-Lambda is 0.97. The learning rate for policy and value function optimizer is 0.001 and 0.0003 respectively. If tax is not included in the model, the average expected return is 0.44 which seems quite promising. This considerable return is the result of exploiting price trending and frequently adjusting holding positions correspondingly, similar as the results of other AI platforms. However, this is not compelling since tax is heavily charged in a taxable year. Rather than ignoring taxes, the learning of stock trading should consider the effect of tax costs. We use PPO to train the stock trading policy in the environment with tax costs. The optimal stock trading policy in the model with taxes can achieve 0.13 average returns. To illustrate the suboptimality of the policy trained in the model without considering taxes, we apply this trained policy in the environment with tax costs, the average expected return drops to only 0.05.

Research Result

  • The optimal stock trading policy with taxes can achieve 13% average returns in the model.
  • Trained policy in the environment with tax costs, the average expected return drops to only 5%.
  • This reduction is equal to 62%, which means that the returns shrunk by 62% upon consideration of taxes. 

Source: https://arxiv.org/pdf/1907.12093.pdf

Conclusion

Investment in public markets could be a good way to invest in the world’s top companies. Public markets could be a fantastic way to invest the money as the return are, on average higher than the rates offered by the banks and other investment options. Trading stocks by reinforcement learning can guide and help agents increase their portfolio returns. Deep Reinforcement Learning Models built for stock market investment sometimes neglect the tax rates, which can massively impact the overall returns. This research paper by Shan Huang is an attempt to integrate tax calculations in the net return calculations with Deep Reinforcement Learning. The objective is to maximize net returns (after subtracting taxes) for stock investments which are the actual returns for an investor.

Source: Shan Huang’s “Taxable Stock Trading with Deep Reinforcement Learninghttps://arxiv.org/pdf/1907.12093.pdf 

The Study of Machine Learning Models in Predicting the Intention of Adolescents to Smoke Cigarettes

Four hundred eighty thousand deaths are recorded every year in the US alone due to smoking. Also, as per research, life expectancy for smokers is atleast ten years shorter than for non-smokers. In recent years, the use of e-cigarettes has been increasing rapidly for adolescents. Sometimes, e-cigarettes act as a gateway to cigarette use, which could be severe. This makes it important to predict the probability of adolescents smoking cigarettes in the future. 

Seung Joon Nam, Han Min Kim, Thomas Kang, and Cheol Young Park have discussed this in their research paper titled “The Study of Machine Learning Models in Predicting the Intention of Adolescents to Smoke Cigarettes”, which forms the basis of the following text.

Importance of this research

Consuming nicotine can cause cancer (lung cancer), cardiovascular and metabolic diseases, respiratory diseases, and perinatal diseases. These conditions are fatal for individuals. If an ML algorithm can predict the probability of individuals smoking cigarettes, efforts can be made to educate these individuals about the ill effects of smoking. This counseling could help adolescents avoid the ill effects of cigarette smoking. Thus, prediction can directly help individuals stay away from the path of smoking cigarettes and help save lives!

Research Objective

The main aim of this research is to

  • Find the best-fitting model to predict smoking intention for individuals
  • Create a website to help adolescents prevent e-cigarette.

About the Research 

The researchers evaluated different models such as Decision Tree, Gaussian NB, Logistic Regression, Random Forest, and Gradient Boosting to predict the accuracy of ML models for accurately predicting the intention of Adolescents to smoke cigarettes. 

Research Result

Based on the experiments done by the researchers, they found the Gradient Boosting to be the most accurate way to predict smoking tendency in the future. The researchers have also published http://nyts.pythonanywhere.com for an anti-smoking campaign for teenagers. 

Conclusion

While healthcare has made a lot of progress in recent years, the number of medical conditions affecting teenagers has only increased. Often, these diseases are of our own making caused by our lifestyle choices. This research paper attempts to identify adolescents who are more likely to smoke and help adolescents make informed and healthier lifestyle choices. In the words of the researchers

E-cigarette use has increased among adolescents. This is a worldwide problem, because it has been stated in many researches mentioned in the introduction that e-cigarette use can cause future use of cigarettes. Since e-cigarette is a recent rising issue, there is little research done on this topic, compared to smoking cigarettes. Even among the researches done, there is a lack of researches implementing prediction models, which are more practical in preventing adolescents from using (e-)cigarettes. Thus, we researched using the 2018 NYTS data and developed multiple prediction models to predict a adolescents intention to smoke cigarette. The most accurate prediction model was Gradient Boosting Classifier with an overall accuracy of 93%. This model was applied in the website we designed to allow the public to input their information in respect to tobacco products, including e-cigarette, cigarette, and cigar. With this information, the algorithm can predict the respondees probability of future of smoking. This will help the public become more aware about certain factors in their lives and be attentive about their drug use or how their environment can affect their intention to smoke cigarettes. Further research could include a wider range of ages, since our research is mainly focused on adolescents rather than adults. In order to improve the accuracy of the prediction model, it is essential to increase the amount of data or choose better, more fitting, variables.

Source: Seung Joon Nam, Han Min Kim, Thomas Kang and Cheol Young Park’s “The Study of Machine Learning Models in Predicting the Intention of Adolescents to Smoke Cigarettes” https://arxiv.org/pdf/1910.12748v2.pdf 

Invest in Zigsaw

Want to invest in us? 

We value ourselves to be a 6Cr. Company. 

We are expecting investment upwards of 6L

More than 5% of the company will get you a seat at the director’s table. 

Our roadmap

  • Be the biggest IT Recruitment Services company in India by September 2022
  • Be the biggest Recruitment Services company in India by September 2024
  • Be India’s biggest Job-portal company by September 2027
  • Be the world’s biggest IT Recruitment Services company by September 2032
  • Be the world’s biggest Recruitment Services company by September 2037
  • Be the world’s biggest Recruitment Product company by September 2057

Our Moat

  • 1200-1300 clientele (~600-700 IT Services) clients in India that are poised for growth. 2000+ clients as of December 2022
  • Analytics drive expertise in Recruitment Services Business
  • Internal ATS built by, for & around Recruiters
  • Objective, transparent appraisal policies to reward top performers
  • Minimal hierarchy to avoid inhibitors to growth
  • Recruitment training package to bring fresh recruits to pace in Recruitment
  • Our Brand value

For further communication, kindly reach out to us at investors@zigsaw.in

Supporting documents

  • Our P/L for FY 19-20 is attached here for your reference
  • Our Financial Statement for FY 20-21 (draft) is attached herewith for your reference
  • Our estimated revenue for FY 21-22 is 45,00,000 INR
  • Our TTM revenue in October 2022 is ~ 74,30,000 INR

What Are Pre-Employment Assessment Tests? How to prepare?

Pre-employment exams are a systematic, objective method of collecting information about candidates throughout the recruiting process. All professionally created, well-validated pre-employment exams have one common factor: they offer a quick and accurate way to learn about a candidate’s talents and personality qualities. Pre-employment evaluations, based on the type of exam used, can provide useful information about a job applicant’s capacity to execute in the work environment.

What are Pre-employment assessment tests?

In recent times, pre-employment exams have grown in popularity to filter and manage large applicant streams. The Internet has made it simpler than ever for job searchers to apply for employment; according to one research, every corporate job posting receives an average of 250 applications. Some job searchers, dubbed “resume spammers,” send out mass email blasts with their applications, disregarding needed credentials or job fit. With candidates spending just 76 seconds to complete reading each job requirement, it’s no surprise that recruiters find that more than half of job applications do not satisfy the position’s fundamental requirements. Consequently, most hiring managers lack the time and resources to properly evaluate each student’s application, with recruiters allegedly devoting just 6.25 seconds on average reviewing each CV.

Types of Pre-Employment Tests

Pre-employment examinations come in a variety of shapes and sizes. We’ll go through five different sorts of assessments: aptitude, character, emotional maturity, risk, and skills exams.

 Aptitude Tests

Rational thought, problem-solving, and the capacity to acquire, assimilate, and apply new knowledge are assessed via aptitude tests. In essence, cognitive aptitude tests are used to evaluate a candidate’s general intellect or mental capacity. As per one research, 70% of companies sought individuals with problem-solving abilities, while 63% sought analytical abilities. These skills are tough to judge merely based on resumes and interviews, where aptitude tests come in handy. Aptitude exams may be utilized in virtually every employment setting, although they are most effective in mid and senior-level positions. Aptitude tests the most important skills for workplace success in a wide range of professions, so it’s no wonder that it’s the most consistent predictor of job satisfaction.

In contrast, research shows that mental aptitude tests are considerably more effective in predicting work success than other conventional hiring factors, with aptitude tests being twice as accurate as job interviews, three times as accurate as experience, and four times as accurate as educational level.

Personality Tests

Although personality tests are growing more popular among Hr managers, there are still some misunderstandings regarding what they are and how hiring managers could leverage them.

Personality tests are designed to answer the following questions: Will the candidate be happy in this position? Is the candidate displaying the behavioral qualities that have been related to job success? There are no right or incorrect answers on questionnaires, unlike aptitude exams. Rather, these assessments assess the degree to which persons have behavioral characteristics that are generally stable across time. By assessing if a candidate’s behavioral patterns are a perfect fit for both the role and the business culture, these qualities can help employers anticipate job fit.

Personality tests can assess various qualities, but the “Five Factors” or “Big Five Model” is the most often used personality test paradigm. Sociability, Conscientiousness, Assertiveness, Openness (to Knowledge), and Stress Tolerance are the five personality traits that regularly appear in empirical studies. The idea of personality “traits” is now broadly acknowledged. It has largely replaced Carl Jung’s earlier paradigm of character “types,” which was based on a theory of personality that classified people into each of two distinct types, such as loner or outsider, thinker or feeler, Form A or Type B. Growing evidence suggests that a tight dichotomy between two different kinds does not adequately represent the complexities of human personality; therefore the characteristics model is gaining traction in personality research.

Emotional Intelligence Tests

Emotionally intelligent tests are a relatively new evaluation area. Emotional maturity, or EI, is a relatively recent phenomenon that gained popularity in the 1990s. The idea of emotional maturity has become increasingly relevant in the workplace throughout time.

According to research, transformational leadership has been linked to crucial job outcomes like specific biochemical, collaboration, motivation, and decision-making. Deep emotional IQ has also been linked to organizational development. As a result, employers are becoming more interested in evaluating EI throughout the recruiting process.

Risk Tests

Risk assessments fundamentally assist businesses in reducing risk. The risk may take many forms, and different evaluations are used to assess various risks. A hazard assessment’s major value is that it aids businesses in reducing the danger of employees engaging in risky or unproductive work practices.

Skills Tests

Skills exams assess job-related abilities, such as verbal, numeracy, interpersonal skills, and more specific abilities such as typing and programming knowledge. These are abilities that applicants have gained via their schooling and work experiences; they do not necessarily represent fundamental ability but rather accumulated knowledge, whatever the applicant currently knows how to accomplish based on prior experience.

How to prepare?

Relax

Please remember that pre-employment testing results are simply one of many criteria that employers consider when determining whether or not you are qualified for the position. The impressive résumé you made is still important!

Set the stage

Many businesses need candidates to take the test before moving on to the interviewing process. Calculate how long it takes you to finish the exams if you are taking them remotely rather than at an employer’s office, and then restrict any distractions during that period.

Read the instructions

Skipping through directions is by far the most common error made by test takers. You may read and comprehend them in as much time as you like!

Get Familiar with the Tests

Personality, aptitude, and skills exams are the three major types of pre-employment exams. To feel more relaxed, familiarise yourself with the sort of test you’ll be taking.

Conclusion

In this climate, pre-employment exams may be quite beneficial to companies looking to hire the best people. Companies of all sizes may better manage the huge pool of candidates seeking available positions by incorporating pre-employment evaluations into the candidate selection procedure. While tech may be to blame for the rise in applications, it also offers a solution by making pre-employment testing easier to incorporate into the recruiting process.

10 Ways to Set Up Video Interview Process in Right Way

10 Ways to Set Up Video Interview Process in Right Way

First and foremost, collaborate with your whole hiring team to create a written plan. Also, do a few practice interviews with the team to verify that everyone knows how to use the video and audio options, silence themselves, share their screen, and communicate throughout the interview. Go the extra mile and look into the problems other software users might have encountered to rehearse remedies for typical blunders. Request that applicants complete a survey questionnaire after each interview so that you may learn from them.

Let’s learn how to set up a video interview in the right way.

How to Set Up a Video Interview Properly?

  1. Keep your body language in mind.

Just because you’re separated from the applicant by a screen doesn’t mean you can’t provide basic courtesy. Nonverbal communication accounts for 55 percent of the conversation, with the tone of voice accounting for another 38 percent; your words account for only 7%.

In fact, in a conference call, the way you put yourself is critical. Make direct eye contact, sit upright, and nod to demonstrate that you are paying attention to what the person is saying. 

2. Dress appropriately 

Dress professionally, even if you’re not at the workplace. If you show up to the interview in sweatpants and a t-shirt, the applicant will assume the talk isn’t significant unless it’s standard workplace clothing for your company. Wear a shirt and tie if that is the most acceptable attire; you may change after the interview.

Dressing professionally offers the prospect a sense of your company’s culture and makes a recorded interview feel more like an in-person interview. Of course, your clothes are generally only seen from the shoulders up, so a shirt, collared shirt, or beautiful sweater would suffice.

3. Emphasize your organization’s image

Candidates won’t experience your corporation culture model conceptualized during a conference call, so emphasize it throughout the conversation. Emphasize your company’s fundamental values and goals, tell tales about team excursions, and discuss how your workplace is organized and why.

You can give a detailed description of what it was like to work for your firm. Above all, bring your company’s culture into the interview by demonstrating your fundamental principles and treating the applicant as a coworker.

4. Examine previous interviews and take notes

Analyze your notes from prior interactions with the candidate before the video interview so that the next one is as effective as possible. During each interview, take some notes on what the applicant says, how engaged they appear, and their overall manner. It’s critical to let the interviewee know that you’re taking notes for future references but that you’re still paying much attention to the talk. They have no way of knowing what you’re composing, and it may appear to them that you’re not paying much attention.

Conference transcripts are generated by most systems, making it easy to capture the full dialogue and share it with other parties.

5. Be thoughtful and caring

Reduce background music and distractions to show your applicant the recognition they deserve. Yet, life occurs — especially at home — and interruptions are inevitable. Before you get started, take a minute to thank the applicant for their flexibility in changing the interview to a video call and requesting their tolerance if any issues arise. Also, don’t hold it against applicants if the same thing occurs to them.

6. Ask the same questions every time

Regardless of the interview style, you must ask all candidates the same set of questions. There’s no need to remake the wheel; keep asking the same questions during in-person and site meetings.

You’ll be more prepared to assess and compare applicants based on the value of their replies if interruptions occur, which are frequent during video interviews. Additionally, utilize an interview score to keep your evaluations impartial.

7. Take into account pre-recorded interviews.

When scheduling video interviews is challenging due to time restrictions or a lack of resources, probably ask participants to fill a pre-recorded interview. Go to them for a restricted number of questions to answer and keep in mind each answer’s length. Adhere to a few more in-depth questions while asking them.

Applicants will record their responses and upload the video clip of the interview. This may be done using email or a secure content-sharing site. Some sites even support this type of conference call. Make sure to provide the file size, type, and any time constraints. Prepare.

8. Have a backup plan 

Even if you check your recorded interview software several times, issues might arise. Have a failsafe in place if video or sound functions fail, internet connectivity becomes unreliable, or the environment becomes unsuitable for an interview. Whether you choose to do the interview over the phone or via FaceTime, make sure you have a backup plan.

You can consult with the candidate to see what works best for them. They may need to resort to a phone conversation if internet connectivity is a problem. Nevertheless, if nothing works, you may need to postpone the interview or resort to a pre-recorded interview.

9. Turn off your phone notifications

When doing video interviews, give applicants your entire focus and turn off the rest of the population. Warning noises can be picked up and amplified by your phone’s built-in speakers, resulting in a highly annoying interruption. Furthermore, it is impolite and inconsiderate of your interviewee’s time. Remember that this is a moment to analyze a candidate’s suitability for the position and pitch your firm as a possible employer, so approach them with the care you deserve.

10. Log on early

Don’t let your applicant wait around, unsure if they’ve arrived at the correct time or attended the correct meeting. Arrive five minutes early for your video interview and turn off your camera while you wait. This simple discipline will guarantee that you arrive on time for the meeting, but you may work or tidy your workspace while waiting. Your applicants will appreciate your readiness and timeliness.

Conclusion

The interview method via video may be a refreshing change of pace, and it can open doors for a wide range of applicants. There are benefits and drawbacks to all interview techniques, so it’s critical to have your video interviews set up and running correctly to get the most out of the procedure.

11 Things to Consider While Working in a Family Business

11 Things to Consider While Working in a Family Business

As per the Family Firm Institute, family firms account for 2/3rd of all businesses globally, making them critical for productivity expansion and employment creation.

While family companies are a key economic engine, only 30% survive to the 2nd gen, only 12% survive to the third generation, and just 3% survive to the fourth.

What is the key to running a successful family company? We’ve compiled a list of eight suggestions to help guarantee that your family business, or the one for which you work, survives the generations.

What is considered a family business?

Those engaged understand that the features of a family business differ from those of a larger corporation. Understanding who owns what and what actions should make such an individual vital for the firm and family to stay in peace. If the firm is still in the creator’s stage, it is simple for him to have authority over and select how the organizational assets will be distributed. However, if the second wave matures and expresses an interest in staying with the firm, all parties’ duties must be clearly defined.

11 Tips for a successful family business

  • Communicate

Families have their communication style, which isn’t always the greatest, as many therapists will tell you. Break the mold and make open, frequent communication a priority in your family company. When you notice a communication problem, address it straight immediately.

  • Evolve

When it concerns durability and the prosperity accompanying it, every business, especially intergenerational family companies, must change with the changes. A family-run company, the people who run it, irrespective of age, develop or avoid offending both customers and employees. Whether that’s abhorrence to new technology or opposition to changing social practices, a family-run business—and the people who run it—must evolve or end up alienating both customers and employees.

  • Set boundaries

Setting limits is important to creating and maintaining success, as leaders of thriving family-owned companies know. Establish and maintain a clean line between family and business. To put it another way, keep family matters off the board and work in the workplace.

  • Practice good governance

In the administration of family-owned enterprises, boundaries are also created. This type of monitoring, which top family companies use all over the globe, usually takes the form of a professional, advisory, or managerial board made up of non-family members with a small number of families.

  • Recruit from the outside

It’s critical to recruit beyond your family for both personal and leadership roles, just as it’s critical to create governance with non-family individuals at the head. There are plenty of skills available. For talents and knowledge that family members lack, successful family businesses draw into this pool of talent.

  • Treat employees like family.

Everyone is treated like family in a thriving family-owned firm, whether they are related or not. Customers are frequently subjected to this behavior. This “redefining family” strategy is used by recreational vehicle maker Jayco, which has been family-owned for more than 40 years. According to Jayco CEO Derald Bontrager, it pushes workers and leadership to “lift the bar as far as value is given,” according to Jayco CEO Derald Bontrager. Rather than depending on industry norms, “you should ask yourself, ‘Would you do something like this if that was one of my family members?'”

  • Make it optional

A good family company does not use coercion or guilt to entice relatives to join the company. It allows employees to choose whether or not to work for the firm. Employees enthusiastic about the firm and their position within it are essential in every business, whether it is family-owned or not. Encouraging family members to come to work on their results in happier employees and a better bottom line.

  • Plan for the future

Family companies that succeed don’t just let the cards fall wherever they may. They prepare for the future by developing family company succession plans well ahead of time. They also recognize potential in workers, both inside and beyond the family, and engage in them quickly to catch future leadership success.

  • Mutual respect

A firm foundation of understanding and respect, like any strategic partnership, goes a long way. Acknowledge your parents’ past accomplishments and where they went before you joined them in business. Respect the wisdom and information they’ve gained through time. Parents, be proud of what your kids bring to the party, both in youthful enthusiasm and abilities, and unique qualities.

  • Know yourself and each other

Personality traits and temperaments differ considerably. I propose that any children and parents who are starting a company together spend some time getting to know one another. The more you know about each other’s skills and shortcomings, as well as what makes them click, the more successfully and efficiently you can collaborate.

  • Recognize the stages

When it comes to parents and children collaborating, there are several stages to go through. There will be an evident mentor/mentee relationship when the youngster initially joins the adult in business. After the parent has given their knowledge to the kid and the youngster has professionally grown into their own, this will eventually shift into an equal relationship. Finally, the parent may begin to slack down, leaving the kid to shoulder more of the burden and duty. Understand that these phases are normal, and learn to recognize which one you’re in and when you’re transitioning between them. Remember that all of these changes are made easier with a foundation of trust.

What are the advantages and disadvantages of a family business?

Advantages of a family-run business are:

  • Stability
  • Commitment
  • Flexibility
  • Long-term outlook
  • Decreased cost

Disadvantages of a family run business are:

  • A lack of family interest
  • The conflict between family members
  • A lack of structure
  • Nepotism
  • Succession planning

Conclusion

Every family business will have its own set of benefits and disadvantages. However, to remain effective, company leaders must use these advantages and conquer these obstacles to prevent being one of the 70% of firms that fail after the first generation.

Top 10 Reasons Why No one Will Hire You for a Job Role

Not receiving the job, you wanted is an unavoidable element of the job hunt. It’s not always apparent why you weren’t able to land a job that seemed to be a wonderful fit for your expertise and talents. Understanding why you weren’t selected will allow you to better prepare for the rest of your job hunt and excellent land employment. In this article, we’ll discuss why understanding why you didn’t get a job is crucial for your potential job search performance, as well as the most frequent reasons why and what you can do to remedy them.

10 Reasons Why No one Will Hire You

1. Passively participation

Having conscientiousness is linked to professional success. You’re missing a vital component of the job hunt if you apply to positions without checking up or if you register for few opportunities.

By applying to more positions every week, aggressively chasing any prospective leads by contacting out after screenings, and structuring your job search, you may improve your constructive attitude to job hunting. Knowing what sort of work you want and what areas you’re prepared to compromise on, such as income, perks, location, and responsibilities, are key strategies.

2. Lack of passion

Employers can tell if a candidate isn’t really committed to a position. Employers want to see passion and excitement when assessing applications, which may be taught.

In your letter and at your initial meeting, express your enthusiasm for the role. When applying for a job, read the job description carefully and conduct extensive research on the firm. Create a list of all the facts that pique your interest in working for that firm, and be sure to mention why you like your work and how you can contribute to the company’s vision and goals.

3. Undervaluing your talents

When you’re looking for a job, one of the essential things you can do is show that you’re confident in your abilities, expertise, and education. You may be ignored for a position you are otherwise well suited for if you do not highlight your biggest qualities and accomplishments.

Understand your best talents and achievements and how they connect to the job you’re looking for to enhance your ability to market yourself.

4. Application needs work

Your resume is a recruiting manager’s initial impression of you and the first step toward an interview. If your resume fails to emphasise your skills, lacks a feeling of originality, or lacks keywords, you may be passed over for the next round of interviews.

To catch the attention of the hiring manager, include a compelling beginning to your resume. Concentrate on your prior achievements and triumphs, and customise your CV to each position.

5. No research of the company

Another factor that might impact your job hunt is not doing enough research on the organisation and role. While in an interview, many companies use questions to assess a candidate’s understanding of the firm and the position. They want to know that a possible employee has done their homework on the company and is really interested in working there.

6. High expectations

If you really can afford it, it’s critical to be adaptable with pay and benefit expectations. Some positions will want you to provide a pay range, while others will have a defined hourly wage. Recruiters may be put off if you come into an interview with a set of non-negotiable criteria.

Work on being as adaptable as possible to enhance your expectations. Make a list of the advantages you require, such as health insurance and paid vacation time. Make a separate list of perks that would be optimal but are negotiable, along with an hourly rate, pay, or a retirement package.

7. Too much experience

Big differences between your expertise and the real job requirements might cause you to be missed. However, this is not always the case. Employers may not seek overqualified applicants because they are unable to pay what they feel an applicant expects, or they want to ensure that the applicant will stay with the firm long-term and not leave for a better position shortly after employment.

Even if you are overqualified for a position, you may keep your name in the running. Highlighting your experience directly in your application, emphasising your pay flexibility, and concentrating on your enthusiasm in work itself are all examples of how to accomplish this.

8. Underqualified 

Many applicants are hesitant to apply for positions that appear to be beyond their expertise and skillsets because companies frequently reject applicants who lack the requisite abilities. It is still feasible to be evaluated if you know how to handle the prospective employer with what you can contribute to the position.

Take a moment to demonstrate to the potential employer that you are a good fit for the advanced role to increase your chances of getting recruited. List as many important skills and experiences as possible that are stated in the job posting, as well as education, volunteer work, internships, and any other experiential learning relevant to the role.

9. Industry connection

Developing network connections may be quite beneficial in today’s employment environment. Many organisations have referral systems to bring in new recruits since referred employees have a considerably greater success rate than applicants found through job advertisements.

Attend meetings and seminars in the sector you want to work in to improve your networking abilities. When you obtain leads or a reference from a contact, be careful to ask for permission to contact them using their name. Friends and relatives might also be part of your network. Allowing others to know what kind of employment you’re looking for can lead to more prospects.

10. Bad interviewing skills 

The first interview is among the most important stages of the recruiting process. Hiring managers focus a lot of their decisions on the initial interview, including how effectively you speak and think logically and also your eye for detail and competence.

Conclusion

Knowing what factors may be keeping you from progressing in the recruiting process can assist and encourage you during your job hunt. When you know the areas where you can develop, you may take action to be a better applicant and impress recruiters. Furthermore, understanding which aspects you can improve can assist steer you in the correct direction during your job hunt, reducing uncertainty and making the trip more pleasurable.

Work-life balance in Hyderabad

Hyderabad,  the capital and largest city of the South Indian state of Telangana. Also known as the city of Nawabs, Hyderabad is known for its rich culture and heritage. It is famous for its awe-inspiring monuments and vibrant legacy. This traditional city has maintained the elite Nawabi lifestyle, even in this modern world. The luxurious and lavish way of living is true to the city’s character. 

Hyderabad is home to approximately 10 million residents as of 2020. It consists of many attractions such as Charminar, Golconda Fort, Hussain Sagar Lake, Chowmahalla Palace, Qutub Shahi Tombs, Nehru Zoological Park, Laad Bazaar, the remarkable Ramoji Film City, and many, many more sites with a pinch of rich patrimony. The delectable and mouth-watering biryani is also a gift by Hyderabad, which is also known as the Biryani Capital of the World.

Hyderabad is paramount for the technological industry and is among the best cities to live and work in India. It comprises numerous high-end malls and restaurants. 

What are work-life balance jobs in Hyderabad?

Work-life balance takes place when we enjoy what we do. It aims to lead a meaningful life and establish parity between work and personal life. A perfect work-life balance is essential to reduce stress and tensions at the workplace, and ultimately leads to a happy and healthy life. The employees of the companies that offer jobs with work and life balance are found to be the most satisfied with their jobs and contribute more to the development of the company.

Some jobs that offer the best work-life balance are Recruiting Coordinator, Research Engineer, Data Scientist, UI/UX Designer, Corporate Recruiter, Web Developer, Computer Programmer, SEO Manager, Substitute Teacher, Lab Technical Assistant, Content Writer, Strategy Manager, Project Analyst, etc.

Hyderabad is an epicenter of the best work-life balance jobs. Microsoft, Amazon, Infosys, Hitachi India, ADP, IBM, Tech Mahindra, Oracle, Salesforce, S&P Global Market Intelligence, PokerStars, Genpact, Silicon Labs are some of the companies that offer work-life balance jobs in Hyderabad. The types of work-life balance jobs in Hyderabad include Talent Advisor, Candidate Researcher, Consultant, Business Risk Manager, Program Manager, BPM, Business Operations Analyst, Recruiter, Human Resource Manager, Data Scientist, Customer Service Manager, Content Specialist, Office Administrator, Accountant, Technical Support Manager and the list goes on.

What is the salary of work-life balance jobs in Hyderabad?

The average salary of work-life balance jobs in Hyderabad ranges from INR 50000 per annum to INR 6 lakh per annum and is expected to grow in the coming years. Web Developers and Computer Programmers earn an average of INR 25000 to INR 30000 per month. Consultants of Microsoft get INR 17 lakh per annum, whereas consultants of Infosys earn INR 12 lakh per annum. Research Associates grab a starting salary of INR 3 lakh per annum. 

What is the cost of living in Hyderabad?

If you want to establish an ideal work-life balance in Hyderabad, then you should also check the cost of living and bearing other expenses in the most livable city of India. 

Hyderabad is quite economical and the bachelors, couples or even a family enjoy an utmost comfortable stay in the city. The accommodation, food and transportation expenses in Hyderabad outpace metropolitan cities such as Mumbai, Chennai and Bangalore. 

Accommodation costs may vary for students, bachelors, couples and family. The average cost for students or bachelors residing in Hyderabad ranges from INR 5000 to INR 10000 per month. For couples or families, it varies from INR 15000 to INR 40000 per month.

Groceries and other utilities such as water availability, gas connection, electricity, telephone connection, Internet connection and TV range from INR 1000 to INR 12000 per month. Entertainment and shopping expenses do not disappoint in the city of Nawabs. This also ensures that salaried people enjoy the best work-life balance. These costs vary from INR 3000 to INR 9000 per month.

In fact, kids get the best schooling in Hyderabad and that too is very economical. INR 15000 is the mean monthly school fees in Hyderabad.

What are some effective ways to maintain a work-life balance in Hyderabad?

Here you will get to know the ways by which a balance between work and life can be achieved in metropolitan Hyderabad.

  1. Managing your time effectively will not only get you and your family to spend quality hours with each other but also provide you with excess time to sleep and maintain yourself well. 
  1. Get yourself some me-time. This is really important as you should take out some time for yourself and choose to go shopping or a movie night. Destinations in Hyderabad where you can go shopping are Begum Bazaar, Koti Market, Abids Street etc. along with magnificent street markets and malls. 
  1. Leave all your work at the workplace. This step is crucial as you should not mix your work and personal life. It will become very stressful for you if you are always involved in work and are unable to spend time with your family.
  1. You should learn to say NO. Many of us hesitate and generally fail to decline an invitation or work, even though we are running short of time. But you should learn to turn down work sometimes if you are not feeling like doing it. 

Conclusion

Hyderabad, the city of Nawabs, has so much treasure for everyone living and working here. The breathtaking beauty of this city and new job opportunities day by day has made Hyderabad the most livable city in India. It is also a very economical city as the cost of living is also very less. 

There are quite a large number of jobs suitable for establishing a perfect work and life balance, and that too high paying. In all, Hyderabad offers a complete balance of work and personal life, which also makes your pocket happy. 

Questions

What are the work-life balance jobs in Hyderabad?

Some work-life balance jobs in Hyderabad are Consultant, Talent Advisor, Content Specialist, Recruiter, Candidate Researcher, Human Resource Manager, Data Scientist, Business Operations Analyst, Business Risk Manager, Accountant and so on.

What is the average salary of these jobs in Hyderabad?

The average salary of these jobs varies from INR 50000 per annum to INR 6 lakh per annum in Hyderabad, and the figure is expected to grow in the coming years.

Top Recruitment Agencies in Belgium

You may cross many career paths, but you will have to narrow it down and find the best possible career. One has to prepare a good resume, then find the target company and wait for their reply. This task appears to be easy but is a bit hefty. So, a Recruitment consultant helps job seekers in finding, applying and preparing for the job. Because of their big network, recruiters can easily find a good job in no time. Every region has some recruiters, but one might not be able to decide which one to approach. This article will help in finding the best recruiters in Belgium. Known as “the Crossroads of Europe,” Belgium is located in northwest Europe bounded by the Netherlands in the north, Germany on the east, and France by the south and southwest. Belgium’s economy is dependent on services, transportation, trade and industry. Coal mining has declined in recent years. Belgium has always promoted trade and prosperity.

List of top recruitment consultancy

1. RGF Staffing Belgium (Google Rating- 4.6)

RGF Staffing provides the best solution to connect candidates and companies through their H.R. and staffing solutions. It provides a multi-brand ecosystem that encompasses different needs, ambitions and goals of the job seeker.

Website- https://www.rgfstaffing.be/en

LinkedIn- https://www.linkedin.com/company/rgf-staffing-belgium-nv/

2. Mavence (Google Rating-)

With decades of experience in public affairs across over a dozen countries, Mavens are experienced practitioners in their own way, making them uniquely attuned not only to the company’s talent needs but to the far-reaching value that the company’s success brings to the business as a whole. Mavens serve as a trusted guide. With each employee working exclusively on a dedicated portfolio of a candidate, one can be sure that they will leave no stone unturned and will provide you with a dedicated and personal touch every step of the way. They offer a full range of executive search and recruitment services for associations, corporations, consultancies, NGOs, think-tanks, law firms, regional and diplomatic offices, and intergovernmental groups, including 360-degree search and place, Screening and shortlisting, Talent management and assessment, Interim recruitment, Leadership and Career coaching. 

Website- www.mavence.com

LinkedIn- https://www.linkedin.com/company/european-affairs-recruitment-specialists-ears-

3. Signium

Started in the 1950s, Signium is one of the world’s leading executive search and leadership consulting firms with offices across the globe. They not only focus on the qualifications and background of an individual candidate but also explore the culture fit and client values. With their partner-led approach, they not only advise candidates but also support in developing their skills. 

Website- http://www.signium.com

LinkedIn- https://www.linkedin.com/company/signium/about/

4. Generations Recruitment (Google Rating- 5.0)

A Brussels based recruitment agency, specialising in Marketing & Sales profiles, Generations Recruitment has always lived up to the expectation of the job seeker by ensuring more ethical and diversified recruitment. They have recruited more than 70 companies in many different sectors such as the food, drink, home-care, consumer electronics, including Nestlé, Coca-Cola, Orange, The Swatch Group.

Website- https://www.generationsrecruitment.com 

LinkedIn- https://www.linkedin.com/company/generationsrecruitment/

5. Amrop

With over 64 offices in 53 countries, Amrop is one of the world’s largest retained executive search partnerships, offering a range of Leadership and Board Services. With their Context Driven approach to executive search encompassing shared values, standards, policies and procedures, Amrop advises the world’s most dynamic, agile organizations on identifying and positioning candidates.

Website- http://www.amrop.com

LinkedIn- https://www.linkedin.com/company/amrop/about/

6. Pauwels Consulting (Google Rating- 4.7)

Pauwels Consulting is a profound Belgian consultancy firm with 650+ experts in engineering, life sciences and I.T. They recruit, manage and execute projects for leading organizations in and beyond Belgium, including France and the Netherlands.

Website- https://www.pauwelsconsulting.com

LinkedIn- https://www.linkedin.com/company/pauwels-consulting/

7. Robert Half (Google Rating- 3.6)

Founded in 1948, Robert Half pioneered the concept of professional recruitment services. Today, they offer a full spectrum of specialized staffing and consulting solutions. Along with helping candidates find career opportunities where they can fit and thrive. In February 2019, Robert Half was named first in our industry on FORTUNE magazine’s list of “World’s Most Admired Companies®”. Robert Half was also selected for Bloomberg’s 2019 Gender-Equality Index, is featured on Barron’s list of the “100 Most Sustainable U.S. Companies,” is among Forbes’. 

Website- https://www.roberthalf.com

LinkedIn- https://www.linkedin.com/company/robert-half-international/

8. Real Staffing (Google Rating- 5.0)

Working across Europe, the U.S. and Asia, Pac Real Staffing is one of the world’s most extensive pharma, biotech and medical devices recruiters and has one of the largest networks of specialist recruiters globally. They help candidates find the new job opportunities which they’re looking for and help the candidates to move to the next step in their career.

Website- http://www.realstaffing.com

LinkedIn- https://www.linkedin.com/company/real-staffing-group/about/

9. Personnel Search (Google Rating- 4.2)

Appreciating challenging collaboration with candidates and clients, Personnel Search is a passionate mobilizer in the world of recruitment. Personnel Search was founded in 2002 with a distinctive vision and structure aimed at achieving three fundamental goals: Quality, Speed & Satisfaction.

Website- https://www.personnelsearch.nl

LinkedIn- https://www.linkedin.com/company/personnel-search/about/

Conclusion

With rich chocolate & waffles, Belgium is a sweet spot for every recruiter and job seeker with plenty of opportunities.

Top Recruitment Agencies in Iceland

Finding a job is not an easy task right now. One has to plan a lot and work on self to develop a skill that is required for the 

job. You may cross many career paths, but you will have to narrow it down and find the best possible career. One has to prepare a good resume, then find the target company and wait for their reply. This task appears to be easy but is a bit hefty. So, a Recruitment consultant helps job seekers in finding, applying and preparing for the Job. Because of their big network, recruiters can easily find an excellent job in no time. Every region has some recruiters, but one might not be able to decide which one to approach. This article will help in finding the best recruiters in Iceland. It is a European island country in the North Atlantic Ocean on the Mid-Atlantic Ridge. Iceland is volcanically and geologically active.

The domestic economy is primarily service-based. The wholesale, retail, repair, real estate, and financial segments account for nearly 30% of all workers. About 7% work in the agriculture and fishing industries while about 9% work in manufacturing. Despite most employees working in the service industry, Iceland is a thriving producer of goods for export. Along with fish and software services, their exports include aluminium, pharmaceuticals and medical products, petroleum and Petroproducts, and food processing equipment, etc.

List of top recruitment consultancy

1. Hagvangur (Google Rating- 5.0)

Founded in 1971, Hagvangur is one of the oldest consulting companies in the country. Initially, they worked in the field of operational consulting. Later in 1976, they went on to begin recruitment services. In 1998, the company merged with the Coopers & Lybrand Auditing Center and the name PricewaterhouseCoopers was adopted. During the year 2002/2003, a turning point came when the activities that belonged to the recruitment service were sold to the current owners, Katrín S. Óladóttir, the current managing director and Þóris Á. Þorvarðarson, Chairman of the Board and Recruitment Manager of the company. From 2005, the company has systematically expanded its field of work, and the company’s consulting now covers most areas of human resource management. Hagvangur is an excellent option for any job seeker because they specialize in professional recruitment. With such a great experience of recruitment, they can quickly get you your dream job.

Website- https://hagvangur.is/hagvangur/en/

LinkedIn- https://www.linkedin.com/company/hagvangur/

2. Jobs in Iceland (Google Rating- )

Their main objective is to provide the best service available to both customers and employees. They believe in measuring their success among people because their most important goal is to ensure that employees are happy and content during their work and stay in Iceland. Moreover, this is the kind of support every job seeker needs.

Website- https://www.jobsiniceland.is/

LinkedIn- https://www.linkedin.com/company/%C3%ADslensk-verkmi%C3%B0lun/

3. Job (Google Rating- )

Job connects companies and individuals in a simple, fast and convenient way. Individuals can find the dream job at the dream company through Job. It’s effortless to sign up. One can keep track of everything related to applications and the company’s response to them.

Website- https://atvinna.frettabladid.is/

4. Swapp Agency (Google Rating- 5.0)

Swapp Agency is located in Reykjavik, Iceland. Founded by two entrepreneurs in 2016, they aim to help individuals find a job in Iceland and also match companies with great staff that suits their requirements and needs. Swapp Agency has grown and adapted alongside the evolution of the market and now provides services to job seekers all over the world. 

Website- https://swappagency.com/

Conclusion

With a high standard of living, Iceland proves to be good for local people who can afford the expenses. 

Top Recruitment Agencies in Luxembourg

One may cross many career paths which need to be narrowed down. One has to prepare a good resume, then find the target company and wait for their reply. This task appears to be easy but is a bit hefty. So, a Recruitment consultant helps job seekers in finding, applying and preparing for the job. Because of their big network, recruiters can easily find a good job in no time. This article will help in finding the best recruiters in Luxembourg.

Luxembourg, in northwestern Europe, is one of the world’s smallest countries. It is bordered by Belgium on the west and north, France on the south, and Germany on the northeast and east. Luxembourg’s prosperity was originally based on the ferrous industry. By the late 20th century, the country’s economic vigour stemmed chiefly from its involvement in international banking and financial services. Luxembourg ranks among the world’s leaders in the standard of living and per capita income.

List of top recruitment consultancy

1. KR Recruitment (Google Rating-4.7)

KR Recruitment provides the best talent to companies or a perfect role to the candidate. They not only listen but understand and deliver solutions matching your specific job requirements. They believe in honest and transparent partnership, focusing on the needs of the candidates.

Website- http://www.krrecruitment.com

LinkedIn- https://www.linkedin.com/company/kr-recruitment/

2. Greenfield Luxembourg (Google Rating-4.6)

Greenfield is one of the leading Luxembourg-based Recruitment and executive search consultancy. Over a decade, they have specialised in recruiting for a predominant position within the local financial services. They have provided jobs to more than 1,500 individuals for more than 200 local and international clients/companies.

Website- http://www.greenfield.lu

LinkedIn- https://www.linkedin.com/company/greenfield-s.-r.l./

3. Kingsley & Partners (Google Rating-4.3)

Kingsley & Partners is a consulting firm that offers recruitment solutions mainly in Wealth Management, Finance & legal. They have a team of seasoned professionals in the area of wealth management, along with a cumulated experience of over 15 years in financial Recruitment. If you are interested in exploring a career in finance then, Kingsley & Partners is the one-stop.

Website- http://www.kingsleyandpartners.com

LinkedIn- https://www.linkedin.com/company/kingsley-&-partners/

4. DO Recruitment (Google Rating-4.2)

Established in 2008 by Nathalie Delebois and Sinéad O’Donnell. DO Recruitment follows the slogan “People DO matter,” i.e., a Company is only as good as the people they hire, and this is a reflection of their idea. They focus on quality, working in partnership with talented and skilled individuals. They always deliver excellence to a candidate.

Website- https://dorecruit.com/en/

LinkedIn- https://www.linkedin.com/company/do-recruitment-advisors/

5. Morgan Philips (Google Rating-)

With a range of modern, innovative service lines designed to succeed in the new world of work, Morgan Philips Group is radically changing the headhunting, Recruitment, and talent consulting business. Their approach is to combine consultancy with worldwide search capability and digital sourcing technologies, which makes them a strong contender to recruit for a range of organisations, including temporary and permanent Recruitment in management.

Website- http://www.morganphilips.com

LinkedIn- https://www.linkedin.com/company/morgan-philips-group/

6. Spring Professional (Google Rating-4.2)

Spring Professional Luxembourg is specialised in the employment of middle management and highly qualified professionals in contracting temporary and permanent placement. They employ an expert-to-expert approach to bring great people to great organisations. They believe in empowering the Luxembourgish workplace with expertise by assessing, matching, and upskilling qualified professionals for the benefit of individuals and companies. Professionals thank their Responsiveness and Innovative approach, which enables them to Grow.

Website- https://www.springprofessional.lu/

LinkedIn- https://www.linkedin.com/company/spring-professional-luxembourg/

7. Randstad Luxembourg (Google Rating-3.6)

Randstad established itself in Luxembourg in 1995, initially focusing on the tertiary sector, went on to become a major player in the field of human resources since 1960. Presently, the company has 5 branches, has 65 permanent employees. They provide job consulting in the following sectors: financial, administrative, commercial, hotel & catering, industrial, buildings and public works, logistics.

Website- http://www.randstad.lu

LinkedIn- https://www.linkedin.com/company/randstadluxembourg/

Conclusion

Luxembourg’s economy is notable for its close connections with the rest of Europe, making good opportunities east to access.

Top Recruitment Agencies in Switzerland

Finding a job is a bit of a hefty task. A Recruitment consultant helps job seekers in finding, applying and preparing for the job. With their large network, recruiters can easily find a good job in no time. Every region has some recruiters, but one might not be able to decide which one to approach. This article will help in finding the best recruiters in Switzerland.

Switzerland a highly developed and beautiful mountainous country bordered by Germany in the north, Austria and the Principality of Liechtenstein in the east, Italy in the south and France in the west.

It has low unemployment, a highly expert labor force, and a per capita GDP among the highest in the world.

List of top recruitment consultancy

1. Approach People Recruitment (Google Rating-4.6)

Approach People Recruitment was established in 2000. Since then, it has developed as the European partner of many world-leading multinationals.  They excel in recruiting skilled talents from top graduates to C-level executives in every field. They deliver a global approach through local expertise with a unique personalized solution focusing on specific job requirements.

Website- http://www.approachpeople.com

LinkedIn- https://www.linkedin.com/company/approach-people-recruitment/

2. Swisslinx (Google Rating-4.0)

Swisslinx is a privately held recruitment consultancy founded in Zurich in 1999. They operate regionally in the European, Middle Eastern and South-East Asian markets. They offer a bespoke service to both clients and candidates, ensuring that they always maintain high standards.

Website- https://www.swisslinx.com/

LinkedIn- https://www.linkedin.com/company/swisslinx-ag/

3. Experis (Google Rating-3.8)

With a deep industry knowledge to understand the challenges that job seekers are facing, Experis provides access to highly skilled professionals who can help job seekers grow. They not only locate but also train and connect job seekers with leading employers in the industries so that together they can reach new heights.

Website- https://www.experis.ch/

LinkedIn- https://www.linkedin.com/company/experis-switzerland/

4. Michael Page (Google Rating-4.6)

Established in London in 1976, Michael Page has four decades of expertise in professional services recruitment. They have grown organically to become one of the best-known and most respected consultancies, with an office network spanning six continents. They provide the best solutions for a candidate aiming to grow in their career. They have a team that understands and keenly follows the market, providing every resource and expertise at your disposal. The current managing director is Ricardo Basaglia.

Website- https://www.michaelpage.ch/

LinkedIn- https://www.linkedin.com/company/michael-page

5. Harvey Nash (Google Rating-5.0)

Harvey Nash has helped over half the world’s leading companies recruit, retain, source and manage the highly skilled talent they need to succeed in an increasingly competitive, global and technology-driven world. Established in 1988, With over 8,000 staff in more than 40 offices across Europe, Asia-Pacific and the U.S., they have built a strong reputation amongst candidates.

Website- https://www.harveynash.ch/

LinkedIn- https://www.linkedin.com/company/harvey-nash/

6. Badenoch + Clark (Google Rating-4.4)

Badenoch + Clark is a global recruitment specialist operating in Belgium, Germany, France, Italy, The Netherlands, Luxembourg, Norway, Switzerland, Sweden, Spain, Turkey, and the U.K. They offer permanent and interim placements for senior professionals and executives across the full spectrum of industries and provide top management talent to leading organizations. Their bespoke services are tailored to individual circumstances. If you’re seeking your next position, they can help you.

Website- badenochandclark.com/de-ch/

LinkedIn- https://www.linkedin.com/company/badenochandclark/

Conclusion 

Switzerland’s economy is benefited from a highly developed service sector, led by financial services and a manufacturing industry that specializes in high-technology, knowledge-based production. Thus, proving to be a Hub for good job opportunities while delivering more and delivering better.

Recruitment Agencies can grow faster with Zigsaw

Are you a Recruitment Agency that aspires to find more clients, increase speed for candidate research, create content for Job-seekers & employers to connect, Manage Social Media

Generate Sales Leads

Our team has expertise in using LinkedIn Sales Navigator and we can generate the first leads for your Recruitment Business. After qualifying leads, we can pass the qualified leads to you to onboard

Recruitment Research

Candidate Research: Our team has extensive experience in candidate research and can you help you reach top candidates from

  • LinkedIn: Our team has expertise in using LinkedIn Recruiter to extract top profiles for you
  • Job-boards: Our team has expertise in researching relevant profiles from Job-boards such as Monster, Dice etc. and can help you reach Top relevant profiles

Why should you work with us?

  • Speed: Our speed ensures that you always stay ahead of your competition at all times
  • Quality of Profiles: Our extensive research skills ensures that you reach maximum relevant people to maximise closure rates
  • Focus: Working with us would allow you to offload most of your work to us which will allow you an enhanced quality of life and focus on your business growth

Marketing

  • Effective Keyword Research: Our inhouse marketeers have extensive experience in Keyword Research and can research High Volume, Low competition, High Conversion Keywords for your business
  • Our team of content writers can write easy to understand, informative & engaging content that brings organic traffic to your site and engages your audience.
  • Social Media Management: Our inhouse marketeers can engage with your target audience online and help build your Social Media Brand apart from generate leads for your business

Virtual Assistant

Our experienced VA’s can offload most of your work starting from candidate pipeline management, email management, interview scheduling & follow-ups and managing your day-to-day tasks to ensure that you achieve so much more than you currently achieve with your day

Tie-ups for Remote Resources

India is probably the gold mine for finding quality remote resource. We can help not just you but also your clients to hire Top Remote talent from India.

Top Recruitment Agencies in Germany

Finding an exciting job, the best possible career path is challenging these days. It requires a lot of planning and knowledge about the skills that are needed for a particular position. One has to prepare a good resume, then find the target company and wait for their reply. A Recruitment consultant helps job seekers in locating, applying and preparing for the job. This article will help in finding the best recruiters in Germany.

Germany is one of the most beautiful and popular tourist destinations. It is part of central Europe. The country is full of rivers & valleys and rising & falling hills. Germany is the world’s fourth-largest economy and third-largest exporter and importer of goods.

List of top recruitment agencies

1. Approach People Recruitment (Google Rating-4.7)

Since the establishment in 2000, Approach People Recruitment has specialized in providing jobs for top graduates to C-level executives in almost every field. They consult across Europe, delivering a global approach but are local experts as well.

Website- https://www.approachpeople.com/germany/

LinkedIn- https://www.linkedin.com/company/approach-people-recruitment/

2. Euro London Appointments (Google Rating-4.6)

Euro London Appointments expertise in providing jobs for positions that require multilingual skills or fluency in key languages. Whether permanent or temporary, they deliver the right solution every time.  It is the largest independent language recruitment consultancy in Europe and has offices in London, Paris, Frankfurt and Munich.

Website- https://www.eurolondon.de/

LinkedIn- https://www.linkedin.com/company/euro-london-appointments

3. Robert Half (Google Rating-)

Established in 1948, Robert Half has pioneered the concept of professional staffing services. They provide specialized staffing and consulting solutions. They also help job seekers find opportunities where they can fit and thrive. Robert Half was named first in the recruitment industry on FORTUNE magazine’s list of “World’s Most Admired Companies®” in February 2019.

Website- https://www.roberthalf.de/

LinkedIn- https://www.linkedin.com/company/robert-half-international

4. Michael Page (Google Rating- 4.4)

Established in London in 1976, Michael Page has four decades of expertise in professional services recruitment. They have grown organically to become one of the best-known and most respected consultancies, with an office network spanning six continents. They provide the best solutions for a candidate aiming to grow in their career. They have a team that understands and keenly follows the market, providing every resource and expertise at your disposal. The current managing director is Ricardo Basaglia.

Website- https://www.michaelpage.de/

LinkedIn- https://www.linkedin.com/company/michael-page

5. Contacts Management (Google Rating- 4.5)

It is a German Recruitment Agency which specializes in headhunting and helping job seekers with foreign roots get a job in Germany. H. Gerhard Benneck, founder and manager of the company is an American national. Gerhard, who is an expert in German, French and English language, moved into consulting in 1988, starting his own company in the field of Executive Search.

Website- https://www.contacts-management.com/

LinkedIn- https://de.linkedin.com/in/gerhardbenneck

6. OPUS ONE (Google Rating-)

OPUS ONE provides the first-class service in the field of temporary work and recruitment. Headquartered in Munich, they expertise in providing qualified jobs for job seekers. The name OPUS comes from Latin, and it means work. In 2019, they provided jobs to more than 100 external job seekers and carried out operations with more than 300 clients/companies.

Website- https://www.opusone.team/

LinkedIn- https://de.linkedin.com/company/opus-one-recruitment-gmbh

7. Caissa recruitment (Google Rating- 4.9)

Founded by KONSTANTY SLIWOWSKI, Caissa recruitment takes time and effort to understand the brand and provide a separate service to every job seeker that goes with the company’s requirement. They are not just a consultancy firm that sends and processes CV’s. They support and advise job seekers on how to self-develop for the recruitment process. They engage candidates and represent the business most efficiently, translating the company into a powerful brand that meets the job seeker’s expectations.

Website- https://www.caissarecruitment.com/

LinkedIn- https://www.linkedin.com/company/caissa-ltd/

8. Konen Lorenzen (Google Rating-)

Konen & Lorenzen is among the leading international recruitment consultancies for the hotel, catering and tourism-related industries. They have a team of highly experienced consultancy experts across six locations worldwide, offering comprehensive expertise, market knowledge and excellent global connections within the hotel, catering and tourism industry. If you are interested in any of the above fields, then Konen Lorenzen is the choice.

Website- https://www.konen-lorenzen.com/

LinkedIn- https://www.linkedin.com/company/konen-&-lorenzen-recruitment-consultants/

Conclusion

 Home to modern and luxury cars & as the automotive industry, Germany is full of opportunities for job seekers.

The Full and Final Settlement (FnF)

Leaving an old job to start a new stint? Severing all the ties with the old firm? Bidding goodbye to the place to start afresh? All of these feel great, and leaving behind the old firm means finally settling all the dues with the old organization in the form of a full and final settlement. Letting the employee enjoy the last few days in the organization when the management takes care of all the leaving formalities is a great thing, and full and final settlement plays the most crucial role. So, here in this article, we will discuss the process and components of the full and final settlement offer and how it is carried out.

What is a full and final settlement?

The full and final settlement also known as the FnF settlement, is done when an employee submits his/her resignation from the firm and is a process that is undertaken during this period. This process is carried out based on the guidelines which have already been drawn upon in the appointment contract. During this time, the employee has to be paid for his services to the firm for the last month, bonuses, additional deductions, or earnings. This entire process of paying and recovering during the resignation process of employees is included in the FnF settlement. The company can either conduct the FnF process and then release the employee or can do vice-versa. It depends on the company’s policy.

Sometimes, exit interviews and surveys from the leaving candidates also form a part of the FnF process. These help the firm in assessing their strengths and weaknesses and how they can improve better. It also helps the firm keep track of the number of resources handed to the employees and helps the firm in collecting them back. The H.R. department generally takes care of this process as its completion requires extensive knowledge in this domain.

How does the company carry out the full and final settlement process?

It is a complex and time-consuming process. So, most of the firms follow a basic procedure to get through this settlement process.

STEP 1: The employee comes forward and informs the company about his intention to resign from the firm and thus submits a resignation letter.

STEP 2: The management team of the company accepts the resignation of the employee after overviewing it.

STEP 3:  The resigning employee has to submit a no dues certificate to the H.R. department from the department he/she is from and other concerned departments.

STEP 4: The company prepares the reimbursement statement that the employee will receive from the company, which includes paid leaves, pensions, gratuity amounts and many more.

STEP 5: The FnF statement is prepared, which includes both the reimbursement and recovery amounts, and this is then sent to the accounts department to review. The accounts department then accepts/rejects it and then the H.R. creates the final statement and asks for the cheque for the final clearing.

What are the major components of the FnF settlement?

The FnF settlement has many components that the H.R. needs to take care of before handing over the full and final settlement to the leaving employee. It involves paying and recovering many components. Preparing the reimbursement statement is a mammoth task and has to be done critically. So, let us see the different components of the FnF settlement process in detail.

  • Unpaid Salary: The most important component refers to the time duration between the day the employee submitted the resignation and his/her last working day. It can also include the salaries of past previous months, for which salaries have not been provided yet. It also includes the Leave Travel Allowance (L.T.A.) and other arrears.

Unpaid salary = (# days the employee worked * gross monthly salary)/26 (or the # paid workdays in a month)

  • Non-availed leaves and Bonus: All the leaves the employee is entitled to but has not taken need to be encashed. All the bonuses and credits are also added to the FnF settlement. As per Section 79 (11) of the Factories Act 1948, when the employee resigns, all of his/her unpaid leaves must be paid on or before the 7th & 10th of the coming month. Also, according to Section 15 (3) of the Karnataka Shops and Commercial Establishment Act, all the encashment dues should be paid by the 10th of the next month.

Non-availed leaves and Bonus = (# of days of unavailing leaves * monthly salary)/26 (or the # paid workdays in a month)

  • Gratuity: It is the cash benefit provided by the employers to the employees for their continued service to the firm. The regulation states that the gratuity amount has to be paid within 30 days of the employee leaving the company if the employee has completed a minimum of 4 years of 240 days in the firm, or else interest has to be paid on the amount if 30 days pass without the company paying the gratuity amount.

Gratuity = (15 days of last drawn salary for each working year * total tenure of the employee working in the firm)/ 26 (or the # paid workdays in a month)

  • Deductions: It includes provident fund, Income tax, professional tax (if applicable), and compensation if the notice period is not served. Gratuity amounts and encashed earned leaves are exempted from T.D.S. as per the Income Tax Act. All the other payments attract T.D.S. Segment 72 (5) under the E.P.F. Act 1952 makes it mandatory for all the businesses to forward the Employer’s Provident Fund (E.P.F.) guarantee forms within 5 days of the employee submitting its claim.

Income tax deductions depend on the bracket in which the employee’s salary falls. Like employees with a salary of 2.5LPA are exempted from Income Tax, salary between 2.5-5 L.P.A. attracts a deduction of 5% and so on.

  • Pension: Employees who have completed 10 years of their pensionable service with the organization are eligible for pensions and can claim them by providing their “Scheme Certificate” after 58 years of age or their retirement. Most of the time, pensions are provided as a part of E.P.S., and it specifies a range of pensions between Rs. 1000 – Rs.7500.

Pension = (Pensionable salary * period of service)/70

When does the Full and Final Settlement Process occur?

According to the rules, the final settlement must happen on the employee’s last working day in the firm. However, clearance from the various departments takes time, so it must be done within 30-45 days after the employee’s last working day at the firm.

Gratuity must be paid within 30 days of the employee’s last day, while the bonuses must be paid within the current accounting period. Employees must be given a specified period if they are being removed from the company so that they can use the time to think about their future, and the same goes for the employees that they must inform the firm beforehand if they plan on leaving the organization. Failure to do this will attract penalties during the FnF settlement process.

In conclusion, FnF is a detailed process that has to be done with full concentration. It is H.R.’s domain, but most companies use specialized soft wares for carrying out the FnF process. Going by the rules, the FnF will help the firm to achieve maximum growth and avoid employee dues.