Posts tagged ‘employment agencies’

Want to become an entrepreneur? Be ready for the speed bumps

 

 

(Times of India)

Entrepreneurship is for people who want to innovate, break out of office routines, be their own bosses, and have full control over their destiny and work space. Sure, you want the opportunity to change lives, serve as a role model.  You will never be bored but do you know the challenges that entrepreneurship brings?

 

First, be clear about why you want to start a business and your motivation such as doing something you are good at, your ability to solve problems and an opportunity to make money .Entrepreneurship is not always the rosy life you dream about and to escape from work travails. Meeting few real entrepreneurs and interacting with them will throw insight into how running a business could be never ending work with demanding colleagues, associates, service providers and clients.

 

Second, assess the financial situation regarding the marketability / saleability of the product/service. Consider the competition and how to make the set up financially viable. No revenues means game over.

 

Third, having a solid business structure and support stricture focusing on lower cost, fewer resources, networking with other experts and freelancers to create dynamic teams that come together for projects, while remaining independent otherwise. For businesses needing varied skills, the diversity of the team would increase productivity but also bring in conflicts. An entrepreneur should have the leadership capabilities of holding such a team together and working with the differences and clash of ideas and approaches.

 

Fourth, be prepared to work hard, work long, and work with focus when things go wrong. A successful business can look back and identify the steps it took to get where it stands today. That is the benefit of hindsight. A business must find a way to persist, persevere and plod on. That needs a tremendous amount of positive energy, willingness to learn new things, heightened awareness about the micro and macro view of what is going on and persistent ability to rework.

 

Fifth, running a business is a demanding task and an entrepreneur has to be on high alert, manage time, and take efforts for feedback, conversations, ideation, and networking. Business environments could be different from our vision what with clients, colleagues, competitors and unexpected crises that shape a business enterprise. Makes sense to choose a venture that you have the energy, competence, resources, and strategy to solve and of course get financial returns for that.

 

Sixth, even entrepreneurship ventures need solid quick thinking and executing teams, rowing in the same direction, with common goals and vision and willing to work hard, work long hours, multitask and face challenges.

 

At Datum Recruitment Services, we help early stage, entrepreneurs hire for growth, at a vulnerable time when every new hire can make or break a young venture.

 

Are you a candidate looking for an opportunity or an entrepreneur looking for highly committed talent, connect with us on http://www.datum-recruitment.com/, Email: kirti@datumhin.com / 91 9004446702

 

Oil Reserves to trigger jobs and infrastructure development in Uganda

(Financial Times)

 

After the discovery of large oil reserves in Uganda in 2006, the country is now taking steps to use oil to transform its economy. Global oil majors such as Tullow, Total and Cnooc are taking interest in the region for oil exploration, field development and production activities.

 

At full production, the oil fields are expected to produce up to 230,000 barrels a day. The oil development and infrastructure projects will create about 15,000 direct jobs, of which 60-70 per cent will be Ugandan. Including indirect employment, the projects are expected to generate about 150,000 jobs.

 

It is expected that a major of the services used by the oil industry, measured in monetary terms, are Ugandan such as catering, transport and security. In some technical areas, the country has virtually no capacity or experience and so regulations have been issued to waive the law in these areas.  Recruitment agencies would be hired to recruit highly experienced and skilled professionals for these jobs in Uganda.

 

These projects will create opportunities in Africa for Ugandans, provide energy supply and bring in revenue to fund infrastructure and other development projects. However, considering Uganda’s historic reputation for endemic corruption, analysts and activists are concerned and sceptical that everything will go smoothly.

 

 

Not the CV; Big Data helps recruit employees

(ft.com) Large players like Xerox now analyse personal data to determine the fate of job candidates. Big Data and complex algorithms are playing a big role in helping companies recruit with far-reaching consequences for job seekers and recruitment agencies  alike.

 

Xerox also  runs call centres for many outsourced services.  For recruitment of suitable workforce  for it’s call centres, it  has recently teamed up with Evolv which uses data sets of past behaviour to predict everything from salesmanship to loyalty. Candidates were put across a screening test covering a variety of questions. The results are surprising! Candidates who would never have a chance based on their CV are called for interviews.  For Xerox, this system seems to be working and the results are positive.

 

With offices becoming more automated, in recruitment, big data enables you to analyse volumes of data that in the past were hard to access and understand. Understanding the impact of social media on their business, headhunters are now using social media and job sites to recruit for professionals with specialised skills. Social media also helps job seekers to find the companies and locations which are the best match for their skill sets.

 

But will Big Data be effective for executive recruitment? Many employment agencies still believe that big data may not be a great idea while hiring senior executives. But as more companies start to analyse their employee data to make hiring decisions, using big data could be a new trend and recruitment could finally become more of a science than an art?