on all the seven lessons : 1. nothing wrong in joining a small - healthy company , people are more taken care ..and more learning in smaller companies only. The work culture is also more resposibility-driven in smaller companies. 2. Its not possible to get too much details, frankly. un less u have someone close in the company. 3. Again the choice is yours, smaller / mid size consultancies provide far better opportunties. 4. True - but training upgradations, are not part of CTC, or even that could be taxable. which is not given in writing, but lies in the HR policies for different levels, the training budgets are made. 5 - THIS IS A GOLDEN ADVICE TO ALL- THE GRASS IS ALWAYS GREENER THE OTHER SIDE, the new place could be even worser, but still if u want to change with some set parameters do not leave the existing job, as once left and time passes by - your confidence of negotiating your parameters will also sink, and whole purpose is lost. last two are also good advices - keeping your patience and closely monitor the mental stress is a crucial to keep up the search. There is no substitute to hard work at all, which is the only fool-proof way to go up & keep up.
Re: not all the lessons are worth attempting to
by balbirsingh on Apr 08, 2010 01:14 PM
I do not agree on your view. If possible try to join big company only it will not only heplfull for your exposer but also you can switch over to another big company. Only disadvantage is that you can not switch over from big company to small company because small group wants multipurpose employee.
Re: not all the lessons are worth attempting to
by NASAman on Apr 09, 2010 12:43 PM
Though I agree with the points in the article I also agree with your explanation too though both contradict. This contrasting views may occur and one has to decide carefully because there is no one-size fit all approach or 10 point formula that everyone can follow. You first point is very apt - nothing wrong in joining a small company. Today the trends are changing - sometimes smaller companies have good work culture, give more autonomy and provide opportunities for a broader roles and responsibilities. Last point but the most important point is well made. One has to be patient till a right opportunity comes-a hasty decision will only multiply problems - reduce your choices and put you in a position where you will get the feeling of being JOBLess. Better to get an offer in hand before quitting a company.
MR MEHRA ARE YOU SAYING THAT FARMERS,LABOURERS ETC ARE NOT WOKING HARD? WHAT IS THERE POSITION? AS PER YOUR THEORY THAT'S WHY THEY ARE COMITTED SUCIDE AND PASSING ON MISERABLE LIVES AND ONLY THE LEADERS AND BURECRATES OF THIS NATION ARE WORKING HARD THAT'S WHY THEY ARE REWARDED BY GOD JAI HO
Every dark cloud has a silver lining. This holds true for Rahul and will hold true for me as well. Presently I am also in a very similar situation as Rahul was. I am a Health and Fitness Professional and was working in a very good gym in South Mumbai. I was promoted as a Unit Manager and send to Hyderabad. My income was good and I was enjoying my work but I was away from my parents in Lucknow. There was no one to look after them. I got an opportunity to work with a smaller gym in my home town with an even better package. I thought it to be a good opportunity to stay with my parents and work also. I was told to work for 8 hours but I used to give more than 10 hours/day. Even after 2 months I wasn't paid my salary citing the reasons as funds shortage. I left the the job because I couldn't have worked for free. I decided to come back to Mumbai. Before leaving I just got a months salary. Presently I am in Mumbai since last 2 weeks looking out for a job. After reading Rahul's story I am pretty confident that I will also find a job but I will have to be patient. Very similar lessons learnt.
Re: Happy days: Hard work and destiny go side by side
by gmat on Apr 08, 2010 09:12 AM
i really hope you well. i am going through a similar story but i have no faith left. sorry. but, i sincerely hope well for you.
Re: Re: Happy days: Hard work and destiny go side by side
by Arun Gupta on May 28, 2010 06:20 PM
success is never final, failure is never permanent, so never stop trying until your victory makes a history. Have faith and never give up. I am employed now since last one month. conditions will improve. It's all in our hands. Wish you all the best.
i believe that whether you are working in small company or reputed n big company or consultancy etc. it does not matter and can not assure you with a steady and growing career. i learnt from reccession that the motive of your career should be self developement and getting more knowlege in work whatever you are doing. it will be better if you have experience of different work area and more than one source of income which is always better than depending on one employer / company.one should also try or develope attitude for self employment also.
Re: ...
by Jaykumar Rao on Apr 07, 2010 01:31 PM
Implementing reservation means lowering the entry criteria, is this what you want ? Our government is what it is primararily because reservation, do you want the same to happen to private industries ? For promotions and raises, only merit should matter.
Re: Re: Re: Re: Re: ...
by HRM on Apr 08, 2010 07:49 AM
Nope, i dont earn my bread becoz of reservation. But I c hard work is getting manupulated in India for the selfish requirements of the bourgeoisie\'s. in the result the class struggle is forgotten
Consultancy is a very good job; because as a consultant you are not acountable for any thing you say to your client; if your client accepts your advise and some thing goes wrong the consultant can never be held accountable.
Re: Re: HARD WORK
by commonsense on Apr 07, 2010 01:05 PM
Please state one instance at least in India when a consultancy firm say BCG, PWC, Ernst & Young etc have been held accountable in any project where they have offered consultancy. And dont tell me that 100% of the projects where they are consultants are successful
Re: Re: Re: HARD WORK
by kumar ananda on Apr 07, 2010 08:45 PM
@commonsense.
BCG is a consultancy,whereas PWC is accounting auditing firm,Ernest&Young is a market research firm.
So I will talk about BCG.
BCG's as u have mentioned i think u r a MBA'ite probably, I hope so u know STAR,QUESTION MARK, CASH COW,DOG strategy related with STRATEGIC BUSINESS UNIT'S[SBU].
BCG'S Growth-Share Matrix is being used by various organization like of HUL,ITC & many more so it's used in INDIA.
Coming to ur point regarding accountable, i hope so u remember the case of SATYAM where 2 PWC's auditor have been held responsible.
see u have mixed Startegy consultancy with Account Auditing & Market Research firm so don't stereotype.
Case to case is different, u have to be unbiased to know the happenings.
Re: Re: Re: Re: HARD WORK
by commonsense on Apr 08, 2010 01:49 PM
Mr Kumar Ananda Sir, I could not understand what you meant to say; So, I really cannot comment on it; but despite your long post, my question ie Whether consultancy firm can be held accountable? are they being made accountable has not been answered; Let us quit this discussion.
Re: Re: Re: Re: Re: HARD WORK
by kumar ananda on Apr 08, 2010 09:44 PM
@commonsense.
Understood, that u r driven by secondary information.
Don't buy stories that are crafted.
Its always a play.
Regarding instances for sued,Consulting companies are not generally from INDIA so cases are taken into federal court, there are many citation that u can Google by the terms "ernst & young malpractices ".
See there had been dire consequences for negligence for Auditors part where AMERICAN EXPRESS canceling & Suing ERNST&YOUNG for massive fraud.
Re: Re: Re: Re: Re: HARD WORK
by commonsense on Apr 08, 2010 05:40 PM
Mr Kumar, please read web site management consulting news.com interview with Mr mckenna.
In the mean while give me a specific instance where in a consulting group has been sued for malpractice at least in India
Re: Re: Re: Re: HARD WORK
by commonsense on Apr 08, 2010 11:08 AM
Mr Kumar Ananda Sir, I think you need to brush/up date your knowledge. Yes BCG as you put it is solely into consulting. But PwC is also into consulting and advisery services for long. In Satyam fiasco, the auditing arm of PwC was involved; but you tell me despite Media uproar, where they have been punished; I dont know whether you have been in the habit of looking at audited balance sheets of cos; There is always a disclaimer OK; Further, for your info, Ernst & Young is NOT a market research firm like CRISIL, ICRA etc. It is also originally an audit firm (one of the big 4) but they are also into consultancy and advisery services in a big way. Sir, I may not know how to use big words like cash cow, SBU etc. These people in consultancy certainly know how to use these words and many of the projects implementented by their advise certainly have been successful. My point here is accountability; In case of some thing going wrong, consultants certainly have not been held responsible. Even lawyers to my knowledge are never punished for their wrong advise. My point is only regarding their accountability not their knowledge base, success rate etc.
Re: Re: Re: Re: Re: HARD WORK
by kumar ananda on Apr 08, 2010 11:55 AM
@commonsense.
Lady first thing first. Consultancy as a whole is not on numbers, its on situation based.
2nd control ur emotions.
3rd Ernest & Young is an Accounting & auditing firm true , my mistake.
i think when u use words, u don't try to understand what u say rather it is like u just want to say, however & whatever.
Boldness is good but don't drag it.
Don't try to implicate ur thinking's on other,please,humble request.
see u r mixing the process with outcome & consultancy is not a jerk's thing to say what u like.
Consultancy is not on words but on opportunities favorable at that given moment with due consideration to ur focus mkt.
Regarding accountability, i understand u like numbers to delight ur fantasies but let me ask u can u let me know which job opportunity is going to be lucrative after 10 yrs & that to highest paid[consultancy is not so no point in talking].
PWC is also in consulting , can u name the sector?
Nobody is using big words, its ur mindset.
i have a word for u please & humbly try to take things as they are not as u like bcoz atlast u will be the suffer.
CRISIL,ICRA is not market research firm 1st one is credit & risk rating firm, 2nd rating & information sharing firm.
Re: Re: Re: Re: Re: HARD WORK
by kumar ananda on Apr 08, 2010 12:21 PM
@commonsense.
Regarding ur point QUOTE"I don't know whether you have been in the habit of looking at audited balance sheets of cos; There is always a disclaimer OK"UNQUOTE.
They auditing in private sector is not looked by CAG of INDIA, private sector window dresses to gain mileage as to have some credit to start or venture new opportunities.
Look if we go on auditing every single thing than i can make u damn sure than they day it is made as law, u will die for a single drop of water.
Frankly tell me u understand things in micro way,true,u don't look out things as they are but as u like to see, true, i am right.
see if u see macro terms, it will be having such implication that it will impact globally.
Regarding the term DISCLAIMER, do u understand why its written?
Its solely means some level of uncertainty, waiver, or risk.A disclaimer may specify mutually-agreed and privately-arranged terms and conditions as part of a contract.
so they also clear they are not right or unbiazed.
Regarding uproar by media, what u r putting on this forum is media, what u have known about satyam is from media & what u don't know is also bcoz of media so ur knowledge derives from media.
Re: Re: Re: Re: Re: HARD WORK
by kumar ananda on Apr 08, 2010 01:10 PM
@commonsense.
Don't take it otherwise, i have been going through ur post, it seems u take things personally fast so please the postings are respective to REDIFF's post & UR specific post.
Calm down & don't take it personal, u will not be able to defend urself as u will be tied with everything.
Re: Re: Re: Re: HARD WORK
by mahesh iyer on Apr 08, 2010 08:58 AM
Very rightly said, Ananda. I see.. common sense is not only thing we need have :). Knowledge & wisdom to discern also play a big part..
In india never work outside your own state because there is too much of regional feelings in IT industry. This lesson I learned when I was waorking in south india. I worked very hard and every body was appreciating my work but when it comes for promotion or sending onsite all the VPs are recommending those people who are from their states. tamilain vp will recommend tamilian and so on.. I realized there that officially india is one country but in reality it is 4-5 countries.
Re: Always work in your home state
by juhi silver on Apr 07, 2010 01:28 PM
Very much true.I have been in the finance and accounts department in one of the MNC firm.but for the lasr 3 yeasrs they have not given any hike in salary or promotion just becuase I am a North Indian Hindu.Inspite of putting the Hard work the bosses are not aprreaciating my work....
Re: Always work in your home state
by gaurav agarwal on Apr 07, 2010 12:44 PM
Very right Sudhakar. Stateism is common. I had an HR manager from West Bengal and the MD from the same state. They would at any given time favour a Bengali while recruiting staff and this is happening in North India. What would they do if they were in W.B.
