This cavity may result in the worsening of areas such as career satisfaction. It is important for students during campus placements to offer some additional thought beyond simply accepting what is presented to them. Mr. Paritosh Sharma, who is a Professor at Bada Business Pvt Ltd, explains the systematic approach that can help in serving this purpose. Below are nine key pointers that must be kept in mind so as to extract the appropriate value from an employer.
Choosing the Right Company: Problem Being Solved
This “Problem Being Solved” section can be summed into one overarching question: What problem is the employer solving? What level of value does this problem hold? A perfect example for this question is: Why did hospitals function during the COVID-19 pandemic? The answer: Hospitals Provided a very important health solve. This logic is the same when considering what company to work for. The company needs to be able to solve issues. The solution must be wideranging having utmost importance. If it is, then that’s fantastic. The more vital the problem the better.
Choosing the Right Company: Company Culture
It is a proven fact that employees devote their efforts in solving problems for businesses that aids in improving their livelihood. However, achieving that level of comfort comes at a price to find a “Company Culture” that is accepting. The company should align on a fundamental level with what the employee seeks and values as important. Failing this can lead to working for great brands, but reasonless unsuccessful work environments that contain unwarranted stress, a poor work-life balance and/or a plethora of bad management.
Choosing the Right Company: Company’s Scale
To scale a business is to make it profitable, which in turn provides opportunities to its employees. Take WhatsApp for example. The company had over 19 employees when Facebook acquired it for 20 billion dollars. Furthermore, business scale matters in determining growth in your career because a company with vision and scale will have more opportunities for you as it grows.
Choosing the Right Company: The People You’ll Work With
A company is not only about the brand, or the work itself, but also about the people you’ll work with. What is the attitude of your boss? Are your colleagues supportive and do they work with you to create new ideas? The right people can enhance the meaning of work and will assist you in your progress. Seek motivated and passionate co-workers instead of chasing the paycheck.
Choosing the Right Company: Business Model
Understanding the business model of the company is primary, especially for companies that solely rely on venture capital. Consider the Bada Business example. While other companies were firing employees during the tough times, Bada Business kept hiring. The reason being, they have a customer funded model, which is far more dependable than traditional venture funding ones. Such business models are crucial for long term success and stability, which is why they dictate your decision.
Choosing the Right Company: Future Sustainability
Before considering employment, ask yourself these questions: Will I still have a job in 5 – 10 years, and do I see this company lasting that long? Look for companies known for their sustainability, like Tata, or who have a proven reputation of employing successful business models. You ideally don’t want to be working for a company that may go bankrupt anytime soon. Make sure to check how long the company can sustain itself in the market.
Choosing the Right Company: Online Reviews Insight
Online reviews could shed light on some facets of the company that you may be interested in. Get employee feedback on networks like Glassdoor, Google, and social media from both active employees and those who’ve left the company. Reviews left by customers can be more revealing as well—do customers actually have faith in what the company is selling? Make sure to do adequate research before making the leap.
Choosing the Right Company: Job Match with Your Skillset
If the position being offered to you does not suit your skill or level of expertise, it is best to decline the offer altogether. If you’re in need of finance specialists, and the position is in HR, there is likely going to be frustration for all parties in the end. Ask if they might be able to ‘customize’ your position to something more preferable. A business that does not have any positions that suit your skill set may not be the best option for you.
Choosing the Right Company: Career Path Prospects
Speak to senior members of staff or HR about how your career could develop within the company. Do they have a plan that would work for you? If not, it could indicate that the company is unlikely to have a well-supported career development path. What you want is a company willing to invest in your development and provide chances for advancement.
Conclusion: Choosing the Right Company with 9-Point Framework
This nine-point framework offers guidance to help select a good company. By examining what the company has to offer, its culture, growth potential, business model, and outlook, you ensure that a proper decision is made. The right company is critical to achieving success, while a bad one can lead to frustration and career stagnation. Be thorough and take your time when considering all factors and you will have set yourself for a successful career.
