HR Assignment Short description on: Job opportunities in market place

Question asked?? Write an introduction to the Marketplace for Job Oppotunities??

Solution attached::

Job Opportunities in market place have taken a tremendous growth not only in ones own country but internal marketplace also because of International trade and international exchanges have been encouraged after the globalization has been taken place. All the business and companies are going beyond their boundaries and moving in the category of International and Transnational Companies. Globalization has made the whole word a combined place for exploring and expanding the business. International trade and exchanges are making a great impact to make the whole world a common and preferred market place for the business (Basavage, 1996). Now all the companies and candidates are allowed to move to any country or any place as per their capability and convenience to show their capability and ability. This is also helpful for the business and the particular person to explore more and more without any limitations. If we talk about the advantages of international trade and exchange in exploring the knowledge and education system, it is again helpful to gain knowledge and practicality in terms of international trade. Now we can go to any county and company to gain knowledge and experience to explore our knowledge and the business as well. International trade and exchanges are one of the booming and most attractive part and area to make a growing and lightening future and career (Kroll & Wilson, 1970). In this way we can understand the immense implications of international trade and exchanges to someone’s career in any business and education.

1. To make career decisions we need various data and facts, such as –

1. Company information: This is one of the most important and crucial aspect while making career decisions which will to decide a differentiation in our marketing strategy and makes us more contextual and considerable in different jobs perception (Harris & Jones, 1997).
2. Nature of the Job: This strategy is again an important factor that is required to be determined to focus on the respective categories of the market and the available jobs
3. Type of Jobs: The job type and category like finance, human resource, marketing, operations, research etc. As per the category we can make an appropriate career decision.
4. Market intelligence through the internal data sources: The existing database of different jobs can also be used to make an analysis based on that and come up with the new and innovative strategies to make a new approach in the market to gain the competitive advantage.
5. Market intelligence based on the external data sources: It is again useful for the organization to obtain data from the external sources like the print media and the digital media that is very much helpful while making a decision for the competitiveness and competency in the market.

2. Market intelligence is one of the emerging techniques to determine the global market happening and to gather the global sources of information. There can be two most important sources of market intelligence such as-

3. Market research is one of the important aspects to determine the job opening in various company, their need and wants based on their view and satisfaction.

On the basis of this research I can identify my career goal, path to the available jobs in the market and in different companies, which will help me to decide where I should apply (Harris & Jones, 1997). I can implement it in the way of qualitative project based on the qualitative response of the consumer. Like the goodness and the badness in the job. What quality is missing and which quality is best covered in the jobs and all.

In the same way, this research can also be implemented as quantitative projects to know the market requirement of the job.

Globalization is like a boon of the world and mostly for the underdeveloped and developing countries. They got a new wing to explore and growth in an exponential aspect and move ahead their boundaries and barriers. Globalization affected the remote area marketplace in an integrated manner. All these small ventures and markets got a new and value added features such as technologies and computerized devices to make them more developed and effective (Maze, 2002). There are various technological upliftment took place in the global market such as use of computer for all kinds of auditing, bills making and all. Apart from this automation of machines and process is again a great advantage of globalization and took place due to technological upliftment and improvement. These all aspects are making a strong standpoint for all the developing and under-developing economies to make them more integrated and effective.

INTENDED CARRER PATH AND SELF ASSESSMENT

So we can say there are various job opportunities available in the marketplace. It all depend on us how we should decide which job will be best for us and so we need to do proper job analysis.

While job evaluation there is always a requirement of the KRAs (Key Result Areas) which is being evaluated to make a rating terminology fir the evaluation process. There are some basic or essential requirement of any job that is being evaluated before the selection of the candidate and the same knowledge or skill if further is being evaluated for the appraisal process and has a great role in evaluation rating and the final evaluation is dependent on this evaluation rating based on the knowledge and skills shown by the candidate while Off the Job and On the job training. Apart from this there are various other factors that are also being considered while making the evaluation rating by the evaluators. There are some basic and ethical requirements that are mandatory for the professional candidates like the business ethics and professional behavior at the work place, dedication and devotion towards the job and career and many more. Current happening and knowledge about the surroundings and happening around the world is also an essential part that plays an important role in evaluation ratings (Spangler, 2000). We can take an example of a managerial position in any organization, apart from basic qualification there is a great requirement of managerial and leadership qualities and team effort is also required to get the higher rating while evaluation process.

E- Recruiting opted by various companies has made the whole recruitment process very easy and effective in terms of getting a bulk of candidates, resumes and all at a single place like job portals, career options of the website of any organization. This has made a great and inevitable effect on the whole recruitment and selection process and made it easy for both candidates and the employers to get a good candidate within a span of time (Splaver, 1977). There are some complexities still there with this e-recruiting process like virtual participation of candidates, miscommunication via incorrect data and many more. To avoid these challenges and issues companies can have following strategies:

1. To interview via video conferencing: We can avoid these unintended consequences by taking interview via video conferencing, this will make a positive impact to the candidate and they will also be verified while interview process.
2. To take one to one interview at workplace: To take few rounds of interview at work place means face to face interview will also be effective in this regards.
3. On the Job interview: We can also have few rounds of on the job interview to make sure about the knowledge available within the candidate.
4. Screening tests: Screening test may be online of offline will also be effective to avoid these challenges while e-recruiting.

These aspects and strategies will help in mitigation of the unintended consequences associated with e-recruiting.

I need to identify the various companies which will suitable for my career growth and identify the advantages and disadvantages also. Like:

Starbucks: Their objective is meeting all the aspects of SMART guidelines because they have set their target for a defined time period and their target is also defined. Now they need to work upon the strategic manner to achieve the objective.

Walgreens: Their objective also meets the SMART guidelines due to presence of defined productivity gains by 20% and within a defined time limit. As per their growth and capability the objective is viable and can be achieved.

UPS: Objective is not very much clear and defined due to absence of timeline in their objective. They are also not very much clear about their profitability in their business areas.

They need to make it more defined and clear that will make a positive aspect in stakeholder’s perception.

Wrigley: It is very clear after reading their objective that they have a defined and clear objective for the coming year 2004.

Halliburton: They have also not mentioned any specific quantity, only the estimation is being assumed, that makes their objective weaker and not very specific.

They should go for the defined and measured quantity.

Martha Stewart Living Omni media: They are also having a weak objective and not defined the quantity of their inventory selling and remaining to be sold in the fiscal year 2005. They should make a defined and specific measurable quantity to make a specific objective in terms of inventory management and selling.

On the basis of their objectives, I will identify which objectives match my skill and knowledge like:

Situational analysis of myself:

Situational analysis makes a strong consideration of our current situation and the strategies for the future prospects to achieve the objective of life.

SWOT:

Strength: My ability and capability to achieve anything is my biggest strength that makes me motivates at each point of time irrespective of any evens and odds.

Weakness: My anger is the weakest point in me. That always works as a hurdle in path of success.

Opportunity: The huge career opportunity is ahead and waiting for me. Now I only need to make strategies that how to grab most of the possible opportunities.

Threat: My classmates and co-workers are the biggest threat of mine. Because they know my strength and weakness very well and that can affect my growth.

I want to become an entrepreneur and an entrepreneur should have a number of personality characteristics that may lead to the success of the entrepreneurial aspects within him/her.

Action oriented: An entrepreneur should be action oriented that will lead to the performance enhancement at each stage. It will also help in keep them performing towards the objective of the business.

Focused towards future: Focus toward the future is a critical factor while judging the personality characteristic of an entrepreneur. A long term career and defined goal is very much required for the successful entrepreneur (Kroll & Wilson, 1970).

Curious: He/she should be curious towards their doings that will help in gaining maximum advantage from their input.

Collaborative: An entrepreneur should be collaborative and should always be indulged in the team performance.

Action oriented: Action reflects the performance. Action orientation is very much required for a successful entrepreneur. They should always be devoted towards their action and should have a proper review and feedback of their actions taken over any task. If the action taken is up to the mark then there is no need to bother about the result.

Self motivated: He/she should be self motivated towards the objective of the business and life. They should show a mirror of self motivation for their team members.

Self-fulfilled: Self concerned and self destined are again the personality characteristic of an entrepreneur.

Two characteristics which are most likely to the all job searchers are:

1. Focused towards future, and
2. Action oriented.

Two characteristic which is most unlikely to all job searchers are:

1. Curious, and
2. Self fulfilled.

Feedback from Interviews:

In order to apply for various job opportunities in the market I applied for various jobs and appeared in different types of interview, like structured interview, UN Structured interview, video conefrincing, Psychometric tests, online tests

Structured interview has more advantage compared to the unstructured interview. That makes the structured interview more specific and considerable while conducting an integrated interview and research. Few important characteristics are as follows:

1. Focused on closed ended questions with limited number of response: Structured interview is more specific and focused towards the response of the candidate. To estimate or record a focused and specific response, structured interview is more focused toward closed ended questions.
2. Clear topical focus: In structured interview the focus is towards the topic on which we need to get the response of the candidate.
3. Effective and efficient: Structured interview is more effective and efficient due to its focused concerns.
4. Unbiased response and results: Structured interview always provide and unbiased response and behavior due to its focused concern towards the subject and response.

These characteristics give a great advantage to the structured interview compared to the unstructured interview. These aspects of structured interview make it more significant and specific which was absent in the unstructured interview. To avoid these issues related with the unstructured interview and its unspecific response most of the times, interviewer has started using structured interview to make a focused and effective response of the candidate.

There are various pros and cons associated with different types of interviewing process

1. Interview: Short interview helps to know the ability and skills in the candidate. Interview will be helpful in judging the skills and general ability of the candidates in an effective manner. This way interviewers get to know that the candidate are being judged in an effective manner by the general ability test which was taken earlier while hiring of the candidates.
2. Screening test: Interviewers can also take the short screening test to quickly judge the candidates as per the criteria of the hiring process and skills required as per the eligibility and the requirement criteria. If the candidates are able to crack the screening test again that will show that they have been hired with the validity of their test scores which was taken earlier by the hiring team.

These aspects can be considered while making an investigation for judging the validity of the general ability test while going through the hiring process.

CONCLUSION

Goal is defined as a terminal point in a long run. This means the goal is always set for a long term aspects because it needs a lot of strategic planning and the concentration to reach to that particular goal. We should make our goal in a long term aspects because that will give us a long term and integrated benefit rather than looking for a short run we should always try to take part in a long run. In the meanwhile we will surely achieve the short term goal which comes to the path of long term goal achievement (Kroll & Wilson, 1970). I can take an example of myself, as when I was undergraduate, I had made all my goals that what I have to do and where I have to do job and all. That was my long term goal and I made a strategy to achieve that long term goal that again helped me to crack the short term goals i.e. the college ranking and interview and all. This way I could get a long term benefit considering with the short term. But here the long term goal was the most important and it played a vital role to achieve the goal in an effective manner. After setting up the goal we need to make strategies and then the time comes for the performance (Lankard, 1996). We should try to keep performing to reach our goal and until we do not get positive result. There will be number of challenge but rather than stopping we should keep on moving ahead towards our goal with an additional motivation and courage that will make us to achieve our goal of life whether it is personal or professional.

Career development is mainly a way in which an individual chooses his or her career path as per the things which are favorable to that person (Anderson, 1995). An individual may opt to become a scientist or an engineer or a management graduate or a researcher just on the basis of what he or she likes doing.

As an individual, I mainly like to analyze more on the current international business trends and on the data about our country export and import statistics. I feel that I can be best with a team or a company which is mainly into the analysis of the data on exports and imports.

My domain is mainly into international business and thus my career path should mainly be specific to lines such as shipping, logistics, supply chain management, corporate communications, International Languages, Exports, imports, Foreign Exchange management and so on.

I am able to write about it because it is what my heart feels of doing rather than some bookish knowledge and that is what an individual should always keep in mind.

 They should always follow those things which they feel that they have interest upon rather than someone coming and forcing it on them. If that happens that that person would be mere like a Robot where he or she would just only listen to the needs and wants of those concerned persons.

All these strategies and areas of specialization relate to my career goal as their has been a lot of research work that has been going on these areas and their has been a lot of stress on these areas in the past so that I am able to achieve something in my life.

What is more important is the urgency of people in working towards these dreams and their career goals. I have taken a lot of strategies and implemented it so that it comes in some use or another (Anderson, 1995). If one strategy does not work then other strategies should be used and consequently used till the time one achieves his goals or objectives.

Life is all about trying on and implementation of strategies and if one strategy does not fit in place then other strategies should be used upon his is a real life example of how I was able to choose my career path and career goal. No one guides you or motivates you rather than you yourself.

Hence, one should constantly try and practice hard to motivate oneself to reach higher and higher destinations in life and his or her career path should be clearly defined to him or her. If it is not defined properly then he would always remain in confusion and thus would not be able to follow the right path. Hence, career path is very important for each and every individual and there should be clear planning on these areas of specialization.

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