Silicon Valley Bank’s fall is a stark reminder of how quickly a financial crisis can spiral out of control and have a global impact. From bankruptcy to unfilled orders and liquidity problems, the dramatic decline of an institution that was once so reliable has been truly devastating.

It brought about unprecedented levels of disruption around the world as governments scrambled to find solutions for their affected citizens and companies. Numerous businesses faced tough decisions regarding payment delays and operations continuity, resulting in hugely painful losses for many stakeholders both directly and indirectly affected.

Silicon Valley Bank, known as the 16th largest bank in the world and also plays its part in lending money to the most prominent technology startups, collapsed last 10 March 2023 after defrauding all its investors and depositors. The impact of the Silicon Valley Bank Collapse was that there was a huge recession in the markets across the globe.

The Silicon Valley Bank which is based in California became one of the biggest bank failures after the 2008 financial crisis and barely 2 days after its declaration was made, it saw a sharp drop in deposits resulting in Share sales started to be organised, resulting in both investors and customers jumping off the sinking ship upon hearing the news of the Silicon Valley Bank Collapse.

This profound erosion of confidence in banks and financial institutions puts into perspective our interconnectedness, as what happens in one corner of the world can have lasting ripple effects on another. It also serves as a case study on how institutions must constantly strive to stay ahead with risk management practices that identify potential weaknesses before they become unmanageable.

Silicon Valley Bank

Rated as the 16th largest bank in the United States until the crash, Silicon Valley Bank also known as (SVB) is a regional bank in the US, headquartered in Santa Clara, California.

Incorporated in 1983, SVB was reckoned as quite trendsetting because it was among the back then banks to set focus on start-ups and venture capitalists.

In December 2022, 56% of its loans were to VCs and PEs secured by their limited partners. SVB is held by SVB Financial Group, which has operations in the US across ten countries, including India.

Silicon Valley Bank Collapse

The Silicon Valley Bank UK unit is on the verge of being announced bankrupt, the business has already been closed by the bank and new customers are not being taken by the bank anymore since then.

On 11 March 2023, leaders of about 180 companies presented a letter to Britain’s Chancellor Jeremy Hunt calling for intervention in the aftermath of the Silicon Valley Bank Collapse.

Although it is being said that the UK is just the start in relation to the Silicon Valley Bank Collapse. Silicon Valley Bank also had branches in Canada, Denmark, Germany, India, Israel, and Sweden, and there are frequent warnings that a Silicon Valley Bank failure could wipe out startups across the globe without the existence of a government.

Some of the facts that have become clear regarding the bankruptcy of Silicon Valley Bank:

• The Silicon Valley bank effected what was shown to be the biggest retail banking failure since the 2008 global financial crisis.
• Valley Bank was closed on 10 March by US regulators and its deposits were seized. According to Silicon Valley Bank News, the hi-tech lender’s share price plummeted among customers running on deposits.
• The Silicon Valley Bank Collapse was when the Silicon Valley Bank invested most of its assets in US bonds after earning a massive amount of money by investing in tech startups.
• And to reduce the rate of inflation, the Federal Reserve Bank manipulated interest rates last year 2022, resulting in bond prices going down.
• Startup funding has also been reduced in the midst of the covid-19 pandemic, as bank customers have withdrawn massive amounts of money.

How did it fail?

The fall of SVB is rather unique because it’s a case of asset liability management (ALM) mismatch concerns, which show solvency issues for the bank. From the end of 2019 to March 2022, the bank’s deposits of more than $198 billion; growth outstripped the industry by around 37%.

But hit by the pandemic, the deployment opportunities for funds were very limited. Hence, deposits were channelised towards investments where there are two types of instruments which are shorter duration investments classified as available for sale (AFS) and longer duration instruments classified as held to maturity.

Who has been impacted by Silicon Valley Bank’s collapse?

Silicon Valley Bank (SVB) is based in Santa Clara, California, but has its other branches in Canada, China, Denmark, Germany, India, Israel, Sweden, and the UK as well.

The complete extent of exposure and damage has yet to be completely understood, but various governments sprung into action over the weekend to start assessing the situation.

(CA)Canadian bank regulators have seized SVB’s branch to protect creditors, according to a statement released from the country’s financial superintendent, Mr Peter Routledge. Toronto ad tech firm AcuityAds has come up with nearly all of its cash, totalling about $55 million, in SVB.

Over 60 Indian startups backed by US startup accelerator Y Combinator (YC) have over $250,000 tied up in SVB, according to TechCrunch report data, while there are more that have over $1 million. India’s state minister of technology Rajeev Chandrasekhar announced through Tweet that he would meet with startups this week to assess the damage.

(IL) Israeli prime minister Benjamin Netanyahu has sworn to carry out a damage assessment in SVB. Domestic business paper Globes said that SVB’s collapse has been similar to “closing the oxygen pipe” to the Israeli tech industry, which has close ties to Silicon Valley.

(CN)Chinese firms, many in the biotech industry, have been rushing to reassure spooked investors. Among them is BeiGene, one of China’s leading firms researching cancer treatments, which launched around 4% of its cash, or about $175 million, is frozen in SVB.

SVB’s China joint venture, SPD Silicon Valley Bank, declared over that same weekend that its operations are “stable” and “independent.” Meanwhile, other startups firm are seeking banking alternatives.

 According to a Reuters report, around 16 firms in Europe’s tech and life sciences sectors had around $190 million in exposure to SVB. EU (Eupore) analysts say there’s limited risk for the euro zone’s banks, but that hasn’t stopped markets from sliding.

How SVB Crisis opened

On 10 March 2023, the tech and startup-focused lender was ordered to shut down by California regulations. And it was asked to keep it under the management of the Federal Deposit Insurance Corporation. In response to the How SVB Crisis opened, an overnight jolt occurred when SVB shares plunged a whopping 60% in premarket trade.

After this, the depositors started competing to withdraw money from the banks.

Meanwhile, news came out that SVV Financial Group was also in the process of selling itself after its failed fundraising attempt in the market.

But in relation to the Silicon Valley Bank Collapse, there were no advantages of any kind because the deposits went out very quickly. And sooner after it was posted by the FDIC that SVV had been closed down by the California Department of Financial Production and Innovation.

A brief timeline of Silicon Valley Bank’s collapse

• March 9: SVB’s stock fell 60%, amounting to an $80 billion wipeout

• March 10: California regulators shut down SVB and place it under the management of the Federal Deposit Insurance Company (FDIC)

• March 12: US regulators state that by March 13, depositors will have access to their funds, including those above the $250,000 insurance threshold. US treasury secretary Janet Yellen declared SVB will not receive a bailout.

• ​March 13: The UK government and Bank of England came up with the facilitated sale of SVB’s UK unit to HSBC.

Impact of Silicon Valley Bank’s collapse on Indian startups

The collapse of Silicon Valley Bank, the biggest vendor in the startup ecosystem, is the possibility to negatively impact the Indian startup scenario as well as it has injected a lot of uncertainty in the sector overnight, industry experts say.

“Hopefully the matter will get resolved soon, but I think it is a big shot for Indian startups,” Ashu Garg, a prominent Silicon Valley-based venture capitalist and early-stage investor for over the last two decades, told Press Trust India in an interview.

The FDIC, in a statement, said as of December 31, 2022, the Silicon Valley Bank had around USD 209.0 billion in total assets and about USD 175.4 billion in total deposits. At the time of closing, the number of residues in excess of the insurance limits was undetermined.

The number of uninsured deposits will be determined once the FDIC obtains extra information from the bank and customers.

“The Silicon Valley Bank has been a real supporter of the Indian startup scene and has provided banking services. Most Indian startups that do business in the US use this bank because it is one of the few institutes willing to work with Indian banks. A lot of the banking institutes do not want to work with an overseas client,” Garg, an alumnus of IIT Delhi, said.

“So, SVB has been able to work with the Indian companies that do not have US employees. So if they (are gone complete), it will be very problematic for the Indian (ventures),” he said in response to a question.

 Over the past various years, SVB has been one of the most preferred choices of banking for startups and the tech industry in Silicon Valley, mainly because of its understanding of the sectors and flexibility in many aspects suiting the startup ecosystem in India.

Given that every third startup in Silicon Valley is founded by Indian Americans, experts feel a significantly large number of these founders would be impacted as early as next week in terms of even making basic payments and giving paychecks to their employees.

Similarly, a huge number of Indian startups which do not have even a staff or an office in the US had opened up their accounts in the Silicon Valley Bank as it let them do so without many regulatory questions and with a client-friendly approach.

The implications of the collapse of SVB on Indian Americans and their companies are very serious about it, Garg said. “The Silicon Valley Bank is the biggest vendor to the startup ecosystem. So now you have all these loan facilities.

Summary

The collapse of Silicon Valley Bank is the biggest bank failure in the United States since the global financial crisis. The bank’s vulnerability was the result of having a high proportion of uninsured deposits and a huge proportion of deposits invested in hold-to-maturity securities.

While Asian lenders are being seen as more insulated from direct risk, investors questioned whether a government rescue plan will prevent any more fallout from SVB’s collapse. According to a report from Bloomberg data, the combined market capitalization of the MSCI World Financials Index and MSCI EM Financials Index dropped about $465 billion in three days.

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Have you ever wondered how the aviation industry works? The way airplanes take off and land, the maintenance procedure for aircraft components, or the inner functioning of airports? It may seem complex at first glance, but a closer look reveals that it’s not so difficult to understand.

The aviation industry is an incredibly expansive and dynamic world that has been increasingly growing in size and influence over the past few decades. Thanks to its ever-increasing popularity, Civil Aviation has become one of the major economic forces in many countries today. It involves a wide range of activities from airport operations to air traffic control, air cargo transportation to aerial photography–all with their own set of rules and regulations.

According to the Department of Industrial Policy and Promotion (DIPP), the Aviation Sector in India is expected to get an investment of Rs 1 lakh crore in the coming five years. 

By 2026, the Indian Government is in talks to invest around an amount of Rs. 183 crores for the development of airport infrastructure and aviation navigation services.

It is true that the Aviation sector provides some of the best-paid jobs in the world. The Indian civil aviation sector caters to the third-largest domestic aviation market in the world. 

In the past three years, the Indian civil aviation sector is known to have emerged as the fastest-growing sector in the world. Every year, the Aviation sector in India employs around 7,500 pilots. 

Although job profiles and lives of pilots and air hostesses seem uber cool, the career path for aspirants in the aviation industry is not too straightforward and easy.

This comprehensive guide provides an overview of everything you need to know about the aviation industry.

What is the Aviation Industry?

The term ‘aviation’ is most commonly used for describing mechanical air transportation, which is carried out using an aircraft. The two main types of aircrafts are airplanes and helicopters, but most modern definitions of the word ‘aviation’ extend to include the use of unmanned aircraft, such as drones.

Types Of Aviation

1) Aerospace engineering – 

Aerospace engineering and designing aircraft, spacecraft, satellites, and missiles. Aerospace engineering is clear on the incorporation of all the elements such as power, communications, thermal control, life maintenance and many more. And that constitutes an aeronautical vehicle.

2) Air traffic control – 

Air traffic control is the service offered by ground-based air traffic controllers, who coordinate the movement of aircraft so that they can maintain safe distances between airplanes. 

Air traffic controllers Prevent collisions between aircraft and other obstructions in the area, such as mountains, antennas, buildings, etc. They expedite and maintain an orderly flow of air traffic and provide advice and useful information for the safe and efficient conduct of flights.

3) Aircraft maintenance – 

Aircraft maintenance has tasks like an overhaul, inspection, replacement, defect rectification, the incorporation of modifications, compliance with airworthiness directives and repair to ensure the easy and safe functioning of an aircraft or its parts.

4) Aviation management – 

Aviation management has to do all sorts of business administration related to the aerospace industry. 

5) Aviation safety – 

Aviation safety refers to practices offered towards the prevention of accidents in the aircraft and keeping passengers and flight crew safe while flying.

6) Civil and military aviation – 

The civil aviation sector includes private, commercial and state aircraft, which mainly transport cargo and passengers, both nationally and internationally. Military aviation includes conducting or enabling aerial warfare and involves providing logistical supplies to forces stationed in the area of deployment.

The Difference Between the Aviation Industry and the Airline Industry

The terms ‘aviation industry’ and ‘airline industry’ are sometimes thought of as being replaceable, but they do actually describe different things. An airline is a business offering air transportation services for travellers or cargo, with the airline industry being the collective term used to describe these companies.

However, the airline industry forms just one part of the vast aviation industry. In addition to airlines, the aviation industry also includes aircraft manufacturers, researchers, air safety specialists, businesses involved with military aviation and, increasingly, ventures that design, produce and make use of drones.

Why is the Aviation Industry Important?

The importance of the modern aviation industry is difficult, but one of the main reasons for this importance is the globalised nature of the industry, helping to link different continents, countries and cultures. As a result, global aviation has been mainly in facilitating efficient travel to distant places, enriching many lives in the process.

The aviation industry has also been a main contributor to the global economy of the country, not only as a result of the tourism industry boosting local economies but also because it has allowed for improvements to world trade.

Meanwhile, the aviation industry also directly offered millions of jobs around the world, with examples including job profiles from pilots and cabin crew, to air traffic controllers and aerospace engineers.

3 Large Aircraft Manufacturing Companies in the Aviation Industry

Aircraft manufacturing is important to the aviation industry and the following three companies are among the biggest in the a:

1) Airbus 

Airbus is a huge European aircraft manufacturing company within the Aviation industry, which produces aircraft for both the civilian and military aviation sectors. Most of its production facilities are in France, Germany and Spain, while its headquarters is in the Netherlands. 

Today the world’s biggest airline manufacturer, the Airbus A380, used by airlines like Emirates and Lufthansa, is recognised as the world’s largest passenger airliner.

2) Boeing

Based in the United States, Boeing is classed as the second-largest airline manufacturer and one of the biggest defence contractors. The company headquarters is situated in Chicago. 

The company produces commercial and military jets, and Boeing is also heavily involved in the manufacture of spacecraft. Some of its best-known commercial aeroplane models are the Boeing 737, the Boeing 747 and the Boeing 777.

3) Lockheed Martin

Lockheed Martin has its headquarters in the United States. Within the aviation industry, The company is recognised as the world’s biggest defence contractor, specialising in military aviation and the production of fighter and reconnaissance aircraft for air forces around the world. 

Lockheed Martin was formed through a merger between Lockheed Corporation with Martin Marietta and some of its best-known aeroplanes are the F-16 Fighting Falcon and the F-35 Lightning II.

The challenges faced by aviation

1) Global Instability and the threat of war

One of the major events that took place in 2022 has been the war in Ukraine. This escalated quickly, with sanctions and bans on Russian airlines, of course having an effect on aviation Sectors. The closure of airspace has also given many operators flight planning issues and increased operating prices.

The Ukraine/Russian war situation is not the only threat either. There is growing political instability in the Middle East and Asia too. Security concerns and airspace restrictions got an impact on airlines far from the conflict zone. Aviation remains a high-profile terrorism target in that situation. 

2) Staff shortages and changing demographics 

Anyone travelling in 2022 will possibly have seen issues with staff shortages Due to the wars. This is affecting airlines, airports, and other companies across the world– but the situation is particularly acute in Europe and the UK so far difficult.

Firstly, the aviation industry has rebounded post-COVID situation much faster than many anticipated. Recruiting staff into the sector quickly has been difficult. Added to this, many workers have preferred not to return back to the industry. Many felt they were not well treated and have moved to look for work in other sectors of jobs. 

3) Pilot shortages 

This was a main matter before the pandemic and, especially in some regions, got worse after the pandemic. Many pilots have left the industry over the last two years with the reduction in staff seen. 

In 2018, Boeing predicted demand for 790,000 new pilots for the next 10 years. This was due both to expansion in aviation worldwide and a high proportion of older pilots reaching retirement age. 

It has stuck with this view post-COVID – beginning in July 2022 that it sees the need for up to 6,000 new pilots per year for the next 15 years just in Europe.

The shortage post-COVID has already been seen in the recovering US market. New airline Breeze Airways has had to expand pay by over 10% and expand recruitment to Australian airlines to secure new pilots for its fleet (as reported by Business Insider).

4) Climate change

Climate change is a big matter in current situations, and it will affect the aviation industry in many ways. Pledges to half of the carbon emissions are growing to changes in aircraft technology, fuel, and even aircraft tracking and spacing.

Despite its efforts to lower its impact, the industry and well exposed to the effects of climate change. The past few years have seen increasing levels of flight disruption due to extremely bad weather events, and more of this remains a real risk. Changing wind patterns will also increase more turbulent flights – and potentially more complex flight planning.

Skills you should have for a successful career in aviation?

Most jobs in the aviation sector are highly technical and need a background in mathematics, and engineering, as well as related to the industry. Most positions in this industry require working as a team with other aviation professionals and engineers. 

This is the reason why strong communication is important, as well as interpersonal skills are essential for taking care of daily tasks to be performed in the Aviation sector. Apart from this, candidates in this field need to pay attention to information and the ability to follow rules and protocols to ensure passengers’ safety.

Some job profiles in this sector such as that of a pilot may need to use applications to calculate wind speed, check altitude, and perform other basic aviation tasks. 

Most aviation jobs profiles need the candidate to possess at least a bachelor’s degree or some work experience. Many employers offer on-the-job training regardless of the aspirant’s educational background as well as work experience since these job  profiles can be highly specialized and also need in-depth knowledge about the company’s various processes, products, as well as procedures.

Here are some key skills that one needs to possess to be successful in the sectors of Aviation are as follows:

• Team working

• Clear speech and voice

• Good health & physical fitness

• Technical skills & understanding

• Analytical thinking

• Time management

• Problem solving

• Emotional intelligence

• Attention to detail

• Language skills

• Decision-making

• Self-discipline

• Presence of mind

• Confidence & Patience

• Pleasant & friendly personality

• Punctuality

• Career Prospects in Avia

Career Prospects in Aviation

It is a very sectorial field that asks for the right skill sets, great confidence, customer managing abilities, the right body language and excellent communication skills. An airline professional has to be always prepared to face the toughest of the situation, as the journey of the flights is very unpredictable. 

Some of the popular aviation job profiles are –

• Pilots, Co-Pilots and Flight Engineers

• Air Traffic Controller

• Aircraft and Avionics Mechanics

• Airport Managers

• Transportation Security Screener

• Airfield Operations Specialists

• Aeronautical Engineer

• Cabin Crew

• Guest Relations Executive

• Fare Filling Executive

• Reservations Executive

• Air Ticket Executive

• Travel Desk Executive

• Travel Coordinator

• Ground Staff

• Corporate Travel Consultant

• Immigration Specialist

• Programme Management Manager

• Relationship Manager

• Line Captain 

• Analytics Specialist 

• Navigator

Many career opportunities in the aviation sector need one to have strong technical skills and an engineering background, aspirants with some experience in this sector can branch outside of the aviation field to explore jobs in civil engineering, aerospace, and even computer administration.

Who should take up a career in aviation?

A career in the Aviation industry is such that new candidates do not have fixed work hours/shifts in the industry. Although the first profession that comes to mind when thinking of the Aviation industry is that of a Pilot, let’s take an example of a Pilot however, it is worth knowing that there are many other attractive job profiles also available in this industry.

1. You are interested in the feeling of literally being in the air.

2. You feel comfortable every time you travel as a passenger on a plane.

3. You would like to know all kinds of destinations, tourist or not.

4. Do you think you could handle spending most of your time away from your affections?

5. You like to be in control and you feel capable of doing it correctly.

6. You are excited about the idea of gradually building a career, you consider it a challenge and a motivation.

7. You are not afraid of heights even if you are aware of the risks to which you will expose yourself.

Popular Online Aviation Courses

• Advance Aircraft Maintenance

• Space Flight Mechanics

• Aerospace Engineering, MS

• Introduction to air transportation and aviation management

• Aerospace Structural Mechanics

• Digitalisation in Aeronautics and Space Specialization

• Analytical Mechanics for Spacecraft Dynamics

• Digitalisation in Aeronautics

• Fundamentals of Flight mechanics Specialization

• Aerospace materials

Summary 

The aviation industry enclosed almost all aspects of air travel and the activities that help to facilitate it. This means it includes the complete airline industry, aircraft manufacturing, research companies, military aviation, and much more.

Aviation connects different people, cultures, and businesses across every continent. It generates economic growth, facilitates international trade, and promotes tourism sectors. With more than 1,300 airlines that managed 31,717 aircraft at 3,759 airports, it’s hard to overstate the effect of the aviation industry.

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Looking for a new job and applying for open positions in any company can pay off once the employer lands an interview. The next step is to prepare for interview questions and answers.

Prepare to answer the obvious and be ready for the unexpected. Prepare to showcase your experience and knowledge while giving the interviewer insight into who you really are.

The key is to keep your responses concise, positive, tangible and tailored to shine a spotlight on how you’re the right fit for their unique position.

Be honest about what you don’t know and emphasize what you do know. Speak thoughtfully about your past experiences and emphasize key strengths you have that could help them achieve their desired outcome.

Be proactive in displaying problem-solving skills when describing projects or ideas that came from your own initiative.

Intentionally accentuate examples of where you’ve gone above and beyond as this will lead them to envision how they can benefit from having you there. Think through potential obstacles that might arise in this role, then move forward by gracefully discussing how easily and effectively those can be resolved because of your strengths.

No matter what happens during the interview, remain composed and ready for any question that may be thrown at you; demonstrate confidence even if it’s not always comfortable speaking about yourself in front of someone else.

Remember: preparation is half the battle won and a clear, confident mindset is always appreciated!

Crafting expert answers to gain a job offer is very important. Since most interviews follow a standard format with the most common interview questions, any person will need to know how they would answer these questions before their interview.

Here are the 10 most common job interview questions and how to respond.

1) Could you please tell me about yourself and briefly describe your background?

Interviewers like to hear stories about you (the applicant). Make sure your story has a great start, a riveting middle, and an end that makes the interviewer root for you to win the job position.

In the story, you can talk about how your academic training and your passion for the subject or industry the company specializes in,  also try to combine with your work experience, make you a great fit for the job role.

Answer: “I come from a small city with limited opportunities. Since good schools were rare there, I started using online learning to stay up to date. That’s where I learned to code and got my computer programmer certification. After I got my first job as a front-end coder, I continued to invest time in mastering both front- and back-end languages, tools, and frameworks.”

2. What are your weaknesses?

This is one of the most popular questions interviewers can ask you. Try to handle it by minimizing your weakness and emphasizing your strengths. Stay away from your personal qualities and concentrate on professional traits only.

Answer: “I am always working on improving my communication skills to be more effective in my presentive way. I recently joined communication classes, which I find very helpful.”

3. When were you most satisfied with your job?

The interviewer wants to know what motivates you in your life. If you can relate an example of a job role or project when you were excited, the interviewer will get an idea of your preferences towards the role.

Answer: “I was very satisfied in my last job because I worked directly with the clients and their problems; that is an important part of the job for me.”

4. What interests you about this Role?

A popular strategy aims at a specific area within the organization that legitimately interests the applicant, such as its history or reputation. Researching information about the organization and role before the interview shows an applicant is highly interested in the role.

Answer: “I wanted to apply for this job role because I have wanted to work at XYZ organization for years. The recent developments that XYZ organization has added to our industry and the historically well-renowned leadership here make it a desirable opportunity. Looking at the previous projects from this organisation, I think my skills and education background would suit this role and organization well.”

5. Where Do You See Yourself in the Coming Five Years?

While you may not know where you want to be in the coming five years, avoid saying “I don’t know” when an interviewer asks this question.

Share your Professional plans or goals, Desired skills within the industry, and How this role aligns with those intentions.

Answer: “I would love to become a project leader in five years. I want to explore the skills necessary in a leadership role and gain experience working with major projects and assignments. I would love to learn more about the opportunities available in this role that would help me get education about some of those skills and responsibilities.”

6. What is your ideal work environment?

Interviewers ask this question to see if your preferences and temperament align with the organisation. It is important to answer this question honestly, but do a little research before itself to see which answer benefits the applicant most.

Answer: “I believe this environment would be an ideal work environment for my way, as I enjoy being part of a good team. I do better in groups when team members support each other or share ideas, and plans. Although I also work well individually when I need to focus on a task, I enjoy being around like-minded people  who help me in growing my skills with others.”

7. What is a major challenge you’ve faced?

The answer provided here can make an applicant appear very impressive. It is important to think of an applicable challenge and the result of reactions to the challenge before the interview to showcase skills.

Be sure the answer covers future potential, how you respond to stress, and anxiety and relevant personality attributes based on the job posting.

Answer: “In a previous role, I had a manager who recognized my strong work ethic and increased my role and responsibilities in the previous company. Eventually, however, this increased responsibility proved too much as I started to fall behind and miss task deadlines.

I told my manager about my concerns and issues. We hired another person to help with the extra tasks, which increased my productivity overall. Now, I have learned to admit when help is important sooner rather than later.”

8. What Are Your Salary Expectations?

It may seem very complicated to answer this question without making it seem like the entire reason you want this role is for the salary. However, applicants should be sure they don’t sell themselves short (or ask for too much directly).

Research the market and industry norms and the sectors where you are going before the interview to determine a reasonable salary based on your job title, experience and skills, location and employer.

Answer: “I’m flexible and open to discussing salary for this role. I have significant skills and experience in this field, which I believe adds much value to my career. I understand that similar posts pay between $40,000 to $65,000, so I would anticipate the salary for this role falls on the higher end of that range due to my good background and what I believe I can bring to this company.”

9. What are your biggest strengths?

Employers ask this to see if applicants have the qualifications for the role. Applicants must mention their greatest strengths that apply to the job posting and role to ensure they are set apart from other applicants.

Answer: “I pride myself on the exceptional customer service skills I can offer. I have years of experience as a customer service specialist, and during this time, it has been important to understand and resolve customer concerns efficiently.

With customer service comes problem-solving and  decision-making skills, all of which have helped me become a better communicator and team member.”

10. What Are Your Career Goals?

The employer wants to know if you plan to stay with the organisation for a long time or if you’d leave at the first sign of trouble. As such, this question wants to determine applicants’ career paths and how the role may fit into that plan.

Applicants should keep their answers focused on the current opportunity and reiterate that this job aligns with long-term plans.

Answer: “I hope to work for an organization like this one to develop my sales skills and work with a team that strongly focuses on customer service.

Later in my career, I would love to manage a team to help them become stronger in sales marketing and learn how to take on leadership responsibilities within this field.”

Summary

Working on your resume, and perfecting your cover letter, is an important part of your job profile but landing an extensive job interview is difficult. But walking through the door is only the beginning of the interview.

You know the person across the table from you will ask some difficult interview questions which will decide whether you are getting this job or not.

If you don’t know how to respond, you might end up losing the biggest opportunities of your life. This is why it’s important for you to prepare in advance and in this article we have come up with some sample questions and answers which can help to get the job.

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Sometimes you might encounter days where you need an extra kickstart to get realigned with your goals. On such days, you need quotes about taking charge of your life and you can give up your dreams. Indeed, every phase of your life should be inspirational for your success.

The correct quotes can inspire and make you take charge of your life and achieve success. A good quote can give you the right mindset to view a challenging situation to conquer and work even harder.

It’s not enough to believe in yourself; you must take action. Get out of your comfort zone, stay fearless and constantly strive for growth. Don’t wait for success – seize it!

Remember successful people don’t become that way overnight. What most people see at a glance is happiness, wealth, a great successful career, and purpose is the result of hard work and hustles throughout the journey.

To be successful, you have to use each day as an opportunity to improve, to be better, and to get a little bit closer to your goals by working harder and being inspired to achieve success.

Know that no positive change can occur without challenge. Embrace hard work, difficulty and failure as a means to reach an ambitious goal. Push through obstacles with perseverance until you become indomitable.

You must be willing to live a life of passion and purpose instead of simply accepting mediocrity because it’s easier. Find strength in adversity and don’t let anything stand between you and true success.

The journey is yours alone, but don’t go it alone. Make meaningful connections and build strong relationships with people who want to see you excel as much as you do. Surround yourself with visionaries who will bring out the best in you – that’s how greatness is attained!

Be vocal about your aspirations and back them up with resilience and grit so they manifest into reality. Believe in yourself first, then others will too – that is how real progress happens!

Here are 20 Inspirational Quotes That’ll Motivate You To Take Charge Of Your Life And Achieve Success

1. “Some people never go crazy. What truly horrible lives they must lead.”- Charles Bukowski

Life is meant to be a platform to experiment to get success. You cannot and should not remain in your cocoon of the comfort zone. Taking charge of your life will help you realize that you are worthy of your hard work. You would then become ecstatic, ecstatic by coming to a step closer to the meaning of success.

2. “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.”- Oprah Winfrey

While it is good to struggle for more, you must not forget and overlook the blessings that you already have achieved in life.

Be thankful to god for all the goodness that he has bestowed in your life in the form of your friends, family and the availability of the basic amenities that many have been missing in life. If your mind constantly keeps on shifting to all the things that you don’t, then you will never have a moment of peace.

3. “Embrace bad news to learn where you need the most improvement.”- Bill Gates

Perfection is an abstract idea; you can come close to it but not achieve success. In that endeavour you’ll come face to face with your own problems and weaknesses, sometimes realizing them on your own. Embrace your weaknesses and limitations and work on them such that they are honed into your strengths and you get success in life.

4. “If opportunity doesn’t knock, build a door.”- Milton Berle

Sitting and waiting for an opportunity to be served on a gold plate would bring you no good. The only thing that you would derive out of success would be a huge waste of your time and abilities.

 Rather stop whining over the absence of that much-awaited chance and take matters into your hand and start creating your opportunity.

5. “The difference between ordinary and extraordinary is that little extra.”- Jimmy Johnson

Everyone prefers shortcuts but the question is that ‘have we really put in that extra effort that would make us the latter?’ People become extraordinary when they give up the desire to take up a shortcut every time and instead put in the actual extra effort and hardwork to get success in life.

6. “Two roads diverged in a wood, and I- I took the one less travelled by, And that has made all the difference.” – Robert Frost

Following the race that everyone is running is no way to rise up in your life and achieve success. You need to be daring enough to take up the challenges on the way and traverse them.

Unknowingly you might actually be pioneering something that you would be not aware of.  It is fear that abstains you from setting foot on the unknown path. Once you let go of all your fear there would be nothing holding you back.

7. “I don’t think of all the misery but of the beauty that still remains.” –Anne Frank

While your life might be facing numerous challenges and tragedies, hold on to the belief. It is the optimistic belief that has the power to get success in life. It not only gives you strength but also keeps you motivated to take risks. This Positive attitude is true and can help you to get success.

8. “If you are going through hell, keep going.”- Sir Winston Churchill

Nothing stays on forever you might have to face challenges but remember. Life is a cyclic process of ups and downs; it is just like a roller coaster ride.

It is natural to be demotivated when bad times dawn upon you and you need to understand that it won’t stay forever and it’s just a phrase in life. Remember you are never alone, everyone has to go through this phase.

9. “If you cannot do great things, do small things in a great way.” – Napoleon Hill

This is not just an inspirational quote. But to get success everyone needs to take a smaller step at a time in life. You often go behind bigger things and forget how little things can make a difference in life.

10. “No need to hurry, no need to sparkle, no need to be anybody but oneself.”- Virginia Woolf

If you are looking for Inspirational quotes for achieving success in life, this one is especially for you. You don’t have to hurry life, other people. Take things slowly, in your own space.

You don’t have to be in a race like others and become someone else. All you have to do is never stop trusting yourself and never stop working hard to achieve your dream.

11. “You cannot change your future, but you can change your habits, and surely your habits will change your future.”-A.P.J. Abdul Kalam

A small lifestyle, daily routine and habit change can make a huge difference in your life. It might be how many hours you work, when you wake up or when you go to sleep, or the books you read, it can be anything in life.

But make sure you are doing something that will be beneficial to your life and help you to create a future.

12. “Doubt kills more dreams than failure ever will.” —Karim Seddiki

This is a very Inspirational quote because there might be times in life when you often end up giving up on yourself and your dreams due to self-doubt and apprehension. You don’t have to doubt yourself; you just have to keep getting better at what you do to achieve success in life.

13. “If You Judge a Fish by Its Ability to Climb a Tree, It Will Live Its Whole Life Believing that It is Stupid.”- Albert Einstein

If you fail in life, don’t lose hope, or don’t ever think that you are not worth it. Everyone gets success in life and you just have to figure out what your talent is to get success in life.

14. “Only those who will risk going too far can possibly find out how far one can go.”-T. S Eliot

This Inspirational quote is for everyone to go the mile to achieve success. If you are afraid to go beyond the limit, you will always be on the fence. Take risks and show the world what you are capable of achieving.

15 “Remember that a failure is an event, not a person.”- Zig Ziglar

When you fail in life, that’s not the end of life. It just means that you have to put in a little more effort and do hard work than the last time. It is just a passing moment and some challenges that you have to face but that doesn’t define you.

16. “You miss 100 percent of the shots you don’t take.” – Wayne Gretzky

If you are apprehensive about doing something for fear that you will fail, you are just ensuring your failure. Never be afraid to take a new step and try new ways. In the beginning, everything starts with the decision to try new things.

17. “The expert in anything was once a beginner.” – Helen Hayes

You can’t expect yourself to be the best the first time. You have to work for it and gain it through hardwork, passion and commitment until you get to master it.

18. “The beautiful thing about learning is that no one can take it away from you.” – B.B. King

Your education is the biggest asset that no one can take away from you. It is not money that you should aim for, it is quality education you should get in life.

19. “If You Are Working On Something You Really Care About, You Don’t Have To Be Pushed. The Vision Pulls You.” – Steve Jobs

Always have a clear vision of what you want to achieve and what you want to become. When you lack inspiration, think about that vision and you will get success in life.

These quotes inspire you to stay focused. It also makes one understand that no matter how many inspirational thoughts you have to put in the effort to succeed.

20. “Doing the best at this moment puts you in the best place for the next moment.” – Oprah Winfrey

All you have is this moment and try to make the best of it. You have often procrastinate on things and that is the worst thing to do. If you can, do it then and there and give your best in things you want to achieve in life.

Summary

Inspirational quotes often feel motivational. And inspirational quotes at the right time can change things and inspirational phrases can encourage you to get up, overcome tough times, take action to take charge of your life and achieve success, stop procrastinating, escape your comfort zone, motivate a team, invest in personal growth, start a business, do the hard work that needs doing.

FAQ’s:

Automated human resources are important for international businesses. They enable employers to manage large numbers of employees quickly, efficiently and accurately.

No more manual paperwork or hours of spreadsheets. Automation streamlines processes and delivers results faster than ever before.

It makes HR departments smarter and more capable of producing better outcomes with less effort. Plus, data-driven insights can reveal powerful new opportunities for employers to collaborate and succeed together in an increasingly competitive global economy.

Human resources automation (HR automation) uses software to automate and streamline repetitive and tough tasks and aid an HR department in managing the workforce.

Automation also boosts employee engagement by offering customizable options that fit the needs of each individual staff member. This means happier workers who can stay productive on their own schedule no matter where they’re located around the world.

As per a KPMG survey, the top expected significance from intelligent automation investments is improved performance – 58% while freeing resources or staff to perform more strategic work follows at 54%. This is why more and more companies worldwide are planning to invest in HR automation processes and AI over the next few years.

Ultimately, automated human resources deliver a major boost to international business success by providing organizations with the tools they need to perform optimally while managing complexity in a cost effective way.

HR Automation what is it?

Automation is replacing manual work with electronics and computer-controlled devices. Let’s take for example, ‘office automation’ replaced manual typewriters, filing cabinets, and paper appointment books with computer applications.

HR automation helps companies enhance their efficiencies by reducing the time needed to complete tasks, without hampering the quality of work. It manages many critical administrative tasks such as certain skills, filing documents, feeding information, creating and sharing files, etc.

Significance Of Automated Human Resources In International Business

Automating Human Resource tasks saves time by freeing up employees for more valuable or complex tasks. It can also improve security, raise efficiency and reduce the possibility of human error.

1) Less waste to the environment:

International businesses switching to automation, Human resource departments may experience a decrease in excessive paperwork, which reduces the costs of materials and manual workflows of the company.

2) Data-driven decision-making:

Tracking data across HR functions let companies analyze different processes and their effectiveness. Collected data can be used to work on reports, measure actionable items, analyze employee experience and find patterns within the data. This information can then be used to create best practices for decision-making.

3) Transparency and consistency:

Automating workflows improves transparency and creates clear roles among employees. Employees can easily make changes to their benefits or submit reports when processes are automated. For businesses with several locations, automated processes can create consistent Human Resource practices throughout the business.

4) Increased productivity:

By automating simple, but tedious processes, Human Resource departments can spend time on more complex tasks. Employees can also spend less time on the Human Resources process, such as requesting time off or choosing benefits.

5) Better security practices:

Managing access layers let businesses provide tools to the employees who need them and organise protected information.

Let’s have a look at the best HR Automation Tools

1) Jobsoid

2) BrightHR

3) Asana

4) Teamwork

5) Trello

6) BambooHR

7) HubSpot

8) TimeCamp

1) Jobsoid

Jobsoid is an Online Applicant Tracking System (ATS) that simplifies every step of the recruitment process in businesses, streamlining everything from sourcing potential candidates to hiring the right one.

2) BrightHR

This HR automation tool comes from an established business in HR tech with a good amount of client retention and ongoing investment from senior leadership.

3) Asana

Asana is a project management tool for managing HR operations. The software enables you to create tasks and assign them to specific employees and/or teams, view real-time updates on who’s working on what, make updates in one place, break projects into smaller tasks, and keep tabs on everything that’s going on in your business.

4) Teamwork

Teamwork is an HR workflow automation software that offers small to midsize businesses (SMBs) cloud-based collaboration, employee management, and time-tracking features.

5) Trello

No matter what Human Resource or business operations task you’re working on, there’s a good chance that Trello can help you with it. The platform offers time-saving features like card due dates and reminders, checklists, and notifications to keep your team up to date.

6) BambooHR

The BambooHR suite of HR software tools is designed to be completely integrated and to work together seamlessly. This HR automation tool lets you easily create employee records and manage your payroll online, including integrating with major cloud accounting platforms.

7) HubSpot

HubSpot features several different plans to meet your needs and budget. First, there are three price options: Starter (free), Basic ($200/month), and Pro ($1,000/month). Each tier contains certain extra features.

For example, Basic includes custom reports and Salesforce integration. But don’t take tension You can always move up or down at any time based on your requirements.

8) TimeCamp

TimeCamp doesn’t limit your reports to a standard HR toolset; it can integrate with virtually any HR system. TimeCamp is perfect for tracking employee vacation time and recording employee project states.

Common examples of automated HR processes

Some Human Resource management tasks that can be automated include the following:

1. Administration, such as paperwork and standardized forms.

2. Payroll, including paychecks, salary changes and tasks related to employee pay.

3. benefits management, including advantages that can be accessed by employees with self-service tools.

4. Email reminders include any notifications and memos that need to be sent to employees.

Challenges of automating human resources management workflows

1) Integration into current processes:

Because current HR automation software is usually specialized with features focused on specific processes, it can be difficult to integrate into the IT infrastructures of businesses.

2) Security and privacy:

HR software collects a significant amount of data on the business. Clarity on how the data is used should be given to mitigate the ethical concerns of the HR team.

3) Funding AI or automation initiatives:

Evaluating employee experience and effective recruitment can be difficult for the HR team. Businesses need to find ways to use data from HR automation software to drive decision-making and process efficiency.

Automation features to look for in HR software

Although some automation functions are more helpful than others depending on the your business needs, there are some key automation features a business should look for when investing in HR technology, including the following:

1) Recruitment and hiring tools:

HR software tools can automate the collection and analysis of employee data, including new recruits or applicants. This includes tools for determining salary structures, job applicants, applicant tracking systems and tools for accepting or rejecting applicants based on certain criteria.

2) Employee portal tools:

Accessible, user-friendly employee portals which let your staff access a dashboard with important information and helpful features. The software gives real-time access to any important employee records and forms, as well as management and other relevant parties.

3) Payroll and benefits tools:

 These include pay and benefits calculators, direct deposit tracking processes, salary receipts and memos. Payroll tools improve paycheck accuracy and scheduling and combine pay data with available employee data. Employee benefits tools track and manage eligibility, promotions, bonuses, healthcare advantages and compensation.

4) Efficient workflow tools:

Updates can be pushed automatically to organized recipient lists for you. They can also collect feedback and manage process steps easily.

5) Time and leave tracking tools:

These tools include shift scheduling and management, time allocation, leaves and balance and overtime data.

6) Performance evaluation tools:

Performance evaluation tools include feedback tracking, performance review business and data collection. These tools can also include features to catch turnover trends and low-performance issues of the business.

7) Data management and analytics tools:

Analytics tools included in Human Resource automation software can analyze data sets and find patterns or trends to aid decision-making.

Impact of automation human resource on workers, jobs, and wages

Automation Human resources often creates as many job opportunities as it destroys over time. Workers who can work with machines are more productive than those without using them. This reduces both the costs and prices of goods and services which makes consumers feel happier. As a result, customers spend more, which leads to the creation of new job opportunities.

However, there are workers who lose out their jobs, particularly those directly displaced by the machines and those who must now compete with them. Digital automation came since the 1980s has added to labour market inequality, as many production and clerical workers saw their jobs disappear or their wages decline.

New jobs have been created including some that pay well for highly educated workers. Others pay very lower wages, such as those in the personal services sector.

Summary

The significance of automated human resources in international business is higher productivity, reliability, availability, increased performance, and reduced operating costs.

The benefits of automated systems can be a powerful motive for increasing service to your end individual.  Automation of human resources can be an expensive and time-consuming process.

FAQ’s:

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Almost all of the world’s top companies are on a layoff spree, especially the huge giants. A total of 10,000 employees have been laid off by some companies, even all at once.

Cost-cutting, inflation and financial difficulties are some of the reasons behind the substantial layoffs that occurred during pressures and the global economic recession.

In response to weak consumer spending, rising interest rates, and the soaring effects of inflation across the world’s economic and financial markets, the major companies in the world have either frozen their laid-off employees.

Here is a list of the top 8 companies laying off employees and the key reasons behind it.

1. Meta

Laid off: 11000 employees

The largest tech layoff was when Meta, the parent organization of Facebook, Instagram, and WhatsApp, announced on November 9, 2022, that it would be letting go of more than 11,000 employees, around 13% of its workforce.

Meta has suffered over the last year. In 2021, the company was valued at $1 trillion, but multiple factors have heavily affected Meta’s value and stock price.

“Unfortunately, this did not play out the way I expected,” Zuckerberg wrote in a letter to employees. “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.”

2. Amazon

Laid off: 18000 Employees

Amazon announced laying off around 18000 employees globally ahead of the expected recession in 2023. A day later, Amazon India was informed to lay off around 1000 employees in the country in the coming months.

The Amazon CEO said in a statement that they were not done with the annual planning process as earlier mentioned, and “I expected there would be more role reductions in early 2023”.

3. Twitter

Laid Off: 3700

Over 3700 employees were laid off after Elon Musk took over the social media platform, accounting for over 50% of the platform’s global workforce, including senior executives and the former CEO, Parag Agarwal.

As per a report by Bloomberg, Twitter fired its staff from the trust and safety team and its global content moderation unit that handled hate speech and harassment. Furthermore, employees in the teams handling global appeals and state media on the platform were also eliminated.

4. Microsoft

Laid off: 10,000 Jobs

Microsoft announced on January 18, 2023, to cut 10,000 jobs globally, 5% of the workforce. The layoffs, affecting less than 5% of Microsoft’s workforce, would conclude by the end of March, with notifications beginning Wednesday.

The company’s CEO Satya Nadella released in a statement to its employees “in response to macroeconomic conditions and changing customer priorities”.

5. Ford

Laid Off: 3580 employees

Ford announced a laid off in the month of April that 580 of its US employees. Later, on August 2022 the company started its second layoff, firing over 3,000 employees and contract workers.

The corporation wants to adopt new technologies that were not previously important to its operations, which is reported to be the cause of the layoffs and resource redeployment.

6. IBM

Laid off: 3,900 Employees

IBM is laying off 3,900 employees due to the spinoff of IT infrastructure services provider Kyndryl business and part of the AI unit called `Watson Health`In 2023.

7. Google

Laid off: 12,000 Employees

Google has declared to lay off its workforce by cutting 12,000 roles joining other companies which laid off their employees in 2023. All the affected employees in the US have been sent an email regarding the layoff and in other countries, the process will take a few days due to local laws and practices.

8. Spotify

Laid off: 6% Employees

Spotify plans to cut 6% of its workforce and would take a related charge of up to around $50 million, adding to the huge layoffs in the technology sector in preparation for a possible recession.

The company said that there were 9,808 full-time employees working for Spotify. Today’s move will impact around 600 employees.

“Like many other leaders, I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us,” Spotify co-founder and CEO Daniel Ek said in a note sent to its employees.

Summary

The biggest tech companies and organisations are facing problems and many of them are laying off their employees in response to that.

There are multiple reasons, varying and some of the common reasons for the layoff are companies are not able to adapt to the situations after the pandemic, inflation is on the rise again, and companies facing financial difficulties.

FAQ’s on companies are laying off:

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Investors are constantly looking for the top entrepreneurs to invest in. Finding the right people can be challenging, as it requires a deep understanding of the market and extensive research.

The best strategies involve leveraging networks, resources, and knowledge to source potential startup opportunities. Investors must carefully analyze each company’s business model, evaluate its scalability potential, and discern whether or not the venture has the staying power to succeed over time.

Successful investors also build strong relationships with entrepreneurs, so financiers and companies can both benefit from shared opportunities.

Entrepreneurs need smart investors just as much as savvy investors need innovative entrepreneurs; therefore trust is integral to these deals.

Both sides must conduct due diligence prior to investing any money into new projects so here are some strategies used by investors to procure the top entrepreneurs.

1) Have a different selling point of view

If your business has a different selling point of view, investors will get to it automatically. Whether you’ve developed a quick, low-cost, or operate only organic or sustainable products.

If you can show them demand and profit (or future profit), you should be able to convince an investor to fund your business. A track record of profitable goods and services can help you gain credibility in this area.

2) Create a pitch

Describe your products in a few words and it should always provide knowledge in an interesting way. If you and the rest of your team consistently and successfully present your pitch you will build a buzz about what you’re doing everywhere you go in future.

And if your business is a startup then not only will you find investors more straightforward, but investors may contact you before you’re ready.

3) Good team

Putting together a team of well-known professionals people in your team is an excellent method to attract investors and increase your chances of getting funded.

If you can demonstrate that they are dedicated to working for your business for at least the next several years and that the whole management team will be easy to deal with and help you to grow the business, you can also attract the investors to attract your business.

4) Corporate social responsibility & Sustainable

Today people are more into sustainable products or services. Basically having a sustainable business can help you to gain anyone’s attention. Even in the case of investors increasing their search for businesses that commit to corporate social responsibility and sustainability.

So you can demonstrate it by showing that you are taking steps to create a diverse workforce, that you are constantly trying to reduce their environmental impact and make them more sustainable, that you are helping in creating new jobs for the local economy, and that you are working to support the local community and doing charity.

5) Provide ownership in your company

Investors commit time, money, and effort to a company in the hopes of seeing a good return on their investment. You must be prepared to offer a good pitch to investors so that they will take a fair interest in your company when they are ready to finance you.

A good pitch should be interesting and grow the profits, such as after four to seven years, they see a significant return on their investment.

So here you can not only ask for financial help but you may ask for it in exchange for a share in your firm. You may also request to use your investor’s expertise, experience and time.

6) Making a list of concerns

Making a list of concerns is one way to boost your confidence and help investors invest in your firm. Consider all of the reasons why they would not want to invest in your company where things can go wrong.

Then, go over the list and find responses or answers to the concerns and be prepared for any inquiries and circumstances that will allow you to reply effectively at the moment.

Also, your confidence and preparation to implement your plan will make them more likely to invest in your company.

7) Building your network

The investors will want to see that you have a network of people surrounded by you who can help you achieve your goals & aim.

They want to know that you are building relationships with other entrepreneurs in the market, and they are looking for people who can give advice, guide or even just offer moral support when things get tough.

8) The decision-making process

When investors make a decision whether to invest in your venture, they want to know how you will use their money. It’s an essential part of the decision-making process that they use and they want to see that you have a clear vision for your future goals of the company and know how your business will grow over time.

This means that if your business is new, be prepared to give them a solid proof plan for what you’re going to do with their money and how long it will take before making a profit.

9) Target the right investors

The right investor will not only offer you capital but also add tangible value to the business as it continues to grow. You want an investor who can strengthen the product, leverage their network of professional relationships, and partner with you throughout the business and remember, not all investors will be the same.

So the type of investor you target will massive depend on where your company is in its maturity and how much equity and control you are willing to give up in exchange.

10) Offer Stocks with Dividends

Investing option that might convince a reluctant partner is to provide a stock offering that isn’t limited to just your company equity, which only offers a value if the company eventually sells. An alternative is to provide investors with a stock that pays dividends, so investors are enticed by immediate cash flow returns.

Offering some amount of returns instead of a long-term ROI could make investing in you a much more attractive option. But for this to work, you need to have a clearly structured compensation strategy.

11) Have a clear marketing plan

Whether you are starting your business or need to right startup investor funding to get to the next level, investors want to see your marketing plan demonstrating how you will know your audience and how to reach them.

Investors may want to know about the software you use daily prepare to have an email platform, social media scheduling program, website performance software like Google Analytics, SEO software, and a CRM.

12) Ask for advice

Instead of calling investors and requesting them to invest in your business, consider asking to pick their brains first. Calls or emails asking investors to consider your startup normally come off desperate.

Prefer to seek advice from investors that you admire.

By strategically reaching out to an investor for their advice first, you may be able to build a relationship with them that will result in a greater willingness to invest in your business later on.

Summary

If you’re an entrepreneur, pitching to investors feels like a difficult task. You only have a limited time to make a first impression and convince them that you’re worth their funding.  We have got you here some strategies used by investors to procure the top entrepreneurs.

FAQ’s:

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Do you find one-on-one meetings a bit daunting? Do you always come away with a vague feeling of unease about having not made the most of the time together?

Organizations today are increasingly utilizing one-on-one meetings, both remotely and in person, to foster more meaningful connections and collaborations between employees. But many people don’t know how to maximize these crucial interactions and make the most of their time on the clock.

Knowing how to attend a one-on-one meeting confidently is an underused job skill. Often, one-on-one sessions are between managers and their direct reports or peer-to-peer with employees. The primary purpose of these meetings is to build trust and identify any issues or concerns about work-related things.

Depending on the specific roles in the organization, managers should conduct one-on-one meetings regularly. However, they should generally occur at least once a week or for months.

If you want to make the best use of your one-on-one meetings, then this article is for you. Here, we will discuss several tips for leveraging technology, active listening, and other practical ideas to help ensure you get the maximum benefit from each meeting.

One-on-one meetings: what are they?

A one-on-one meeting (pronounced 1:1 or one-to-one meeting) is a regular check-in between two people in an organisation – typically a manager and any employee. It’s used to give feedback, keep each other in the loop, resolve issues, and help the participants grow in their roles.

The free-form, employee-aimed nature that goes beyond status updates is what makes the one-on-one special. It’s often considered the most important meeting because it lays the foundation for a trusting and productive organisation.

One-on-one meetings can also be held between employees and their mentors, their boss’s boss or anyone in the organisation.

One-on-one meetings are key to successful ongoing feedback way. They give managers and their direct reports uninterrupted time to discuss projects, review performance, remove errors, and more. It also allows managers to get to know their employees on a more personal level. These weekly or monthly meetings let managers and their employees discuss career aspirations, interests, and professional growth opportunities, an important way to engage employees and invest in their long-term working period in the organisation.

The importance of one-on-one meetings

1. They strengthen relationships between teams

The one-on-one meeting helps you to make sure you and your team are aligned. Regular check-ins on issues allow you immediate and regular feedback and promote open communication channels.

2. They improve productivity

Weekly or monthly one-on-one meetings boost productivity and cut wasted time.

3. It’s beneficial to everyone in the organisation

It gives you the opportunity to discuss needs, goals, and expectations, but you’ll also give the organisation advantage of weekly updates attention. Within this time, your employees have the chance to relay their progress and receive a clear vision for upcoming priorities.

The benefits of one-on-one meetings

will be different according to the company, every manager, and every direct report. But while each approach will be different, the goal of these meetings should all be the same—to maintain open communication

1) Improve performance:

Weekly or monthly performance reviews are often checked in a one-on-one meeting. This allows managers to stay on top of employee productivity and ensure the team will meet its goals.

2) Drive development:

89% of millennials value growth and professional development in a job and the perfect time to discuss personal and professional growth as well.

3) Build trust:

One-on-one meetings give employees an opportunity to get personal. Direct reports and managers can get to know one another and build lasting relationships.

4) Increase team acknowledgement:

One-on-one meetings give employees an opportunity to identify and address blockers, challenges, and matters with their managers as they arise. They also give teams an opportunity to check if goals or objectives become outdated

Disadvantages of one-on-one meetings

1) Skipping meetings:

One-on-one meetings are very important to keeping managers and direct reports on the same page but if any person skips meetings, it implies they don’t appreciate the other person’s time and could hurt the manager and that employee’s relationship.

2) Rushing through feedback:

Even in short meetings, managers should give creative feedback and deliver it in a constructive manner. Make sure your managers are familiar with how best to deliver and receive feedback so that every employee gets an equal opportunity to improve their work according to the requirement.

3) Not get enough time:

While managers should be engaged and ask questions during one-on-one ultimately, they should let direct reports take the lead, which will let them steer the conversation and bring up new subjects like issues they’re having at work or home, as well as their career aspirations and professional interests.

How often should you have one-on-ones?

According to a report by The State of High Performing Teams in Tech, having one-on-ones weekly for 30 minutes is the most commonplace. Although 30-minute weekly one-on-ones seem to be the most common thing, the length and frequency of your one-on-one meeting will differ for each manager-employee relationship.

The purpose of having one-on-one meetings

One-on-ones are a tool to keep your team members engaged and build trust in the organization. One-on-ones are a valuable way to deal with a lot of common workplace challenges and even eliminate the issue altogether.

One-on-ones are a dedicated time to talk about whatever’s needed for the issue or project but should be more than a status update meeting. Ideally, One-on-One conversations are balanced between growth, communication, motivation and work.

Difference between one on one and group meetings

One-on-one meeting	Group meeting
A one-on-one meeting making time for an employee shows you care and is the optimal time to check in with that member of your team on how they are doing in their role, their strengths, weaknesses, and what you can do to help them succeed.	A group meeting can be your organization in various ways a one-on-one cannot. This is a chance to get everyone on the same page and encourage communication, collaboration, and workplace culture.
The one-on-one meeting gives you chance to have a personal, honest conversation. Whether it be with a new employee or someone who has been with the company for years, an individual meeting gives you both an opportunity to build a stronger relationship and trust.	Departments that wouldn’t regularly interact with each and employees who work remotely and rarely make it into the office can all be called into the same room.
You can use this time to ask about anything! You may want to know about your employee’s experience with the new policies of the company implemented, overall job satisfaction, or even provide feedback on their job performance.	With a group meeting, you have the ability to create an interactive environment where new perspectives, ideas, and knowledge can be shared.

Challenges of one on one meetings. and how you can overcome them

1) Lack of preparation

Challenge: “Which meeting is this for again?” or ” which is the next meeting?” It’s the undeniable way to know that your meeting will be filled with people who either don’t know what’s going on or don’t care, making it quite difficult to land on new ideas and solutions.

Solution: Preparing meeting materials before time spreads participant awareness for the issues, generates interest, and builds confidence quick way to get employees engaged is by building a meeting agenda and sharing it with the employee for feedback.

2) Too many talking points

Challenge: We only have a few hours or minutes in a day, to complete one-on-one meetings if there are many talking points in a meeting. A common challenge in meetings is that employees will underestimate the time it takes to thoroughly cover a topic point so consider leaving time for subtopics, clarification questions, and planning the next steps.

Solution: Keep the focus on the main topics and narrow in on the important points. Ensure that you have enough time to completely present, one-on-one meetings may be able to progress through points quicker.

3) Poor communication between meeting people

Challenge: You can’t say that everyone will have the same approach power to brainstorming, solving issues, or communicating. However, not aligning on the meeting purpose and schedule is an issue that’s harder to get around, and this can cause slow productivity in a person.

Solution: Create a good environment and healthy work relationships to help to discuss matters. If you have a new team or you’re having trouble deciding how to approach a one-on-one meeting, will help you learn what works best for your team and give you time to co-ordinates with them.

Here are a few tips to help you prepare for your one-on-one meeting:

1. Decide a time that works best for both:

If this is your first one-on-one with an employee, decide what time works best for both you and your direct report to meet and both can reliably commit to.

2. Schedule meetings:

Make your one-on-one low effort by booking a recurring meeting rather than a new one each week or month. Then you’ll both have them on your calendar long-term and won’t forget to book the next one.

3. Set expectations for your team:

Start meeting by telling your employees exactly how you want your one-on-one meeting to go. Explain both your role and responsibility.

4. Add questions to your agenda:

Think of questions or topics you want to discuss in advance and add them to the agenda.

5. Send a reminder:

Give your employee a little a day before the meeting to complete the agenda

6. Set a time before:

Block off 10 minutes before the meeting to collect left-out data. You don’t want to be late or left out in a one-on-one meeting. Use the time to review your agenda and be focused and prepared.

Summary

Gearing up for one-on-one meetings can seem like a daunting task — especially if you’re not sure what to expect. But if you’re prepared, these meetings can act as powerful catalysts for positive change in your relationships and overall happiness.

One-on-one meetings can help your employees build relationships and feel valued, they can also make employees feel better and appreciated.

While One-on-Ones are supposed to be more informal check-ins, they do need some particular structure to ensure they’re a success. It helps managers to train the company on how to lead engaging and valuable profit for the company.

FAQ’s on One on One Meetings:

Must read article:

• 12 Ways To Handle Conflict In A Team
• Before resolving any conflict: need to know whether it is Hot or Cold
• 7 Strategies to manage and resolve workplace conflict

Training your employees is not only vital for success in the workplace, but also for creating an effective and productive environment. Employees who have been trained properly can handle their roles more effectively and take the stress off their managers.

Having a good onboarding process in place to introduce new hires to their role and setting expectations for productivity is key. Along with mentoring programs, regular check-ins, skills training, and adult learning principles that promote involvement and participation can help create an engaging space with high motivation levels.

Training is the process of enhancing employees’ skills, capabilities and knowledge for doing a particular job role in a firm.

The training process helps to boost and leads to the quality performance of employees. It is continuous and never-ending in things in anyone’s life. As technology advances and workplace strategies evolve, there comes a need for professionals to guide these changes in terms of knowledge and skills employees need training.

Providing employees with relevant and consistent training programs can help improve performance and efficiency in the workplace.

Providing frequent feedback also allows employees to improve on areas where they’re lacking while also reinforcing their growth in other areas. It’s important to keep finding creative ways to reward good work so employees always feel valued and stay engaged with tasks.

Regularly get employee feedback too – hear directly from your team about what works for them and what doesn’t, which will give you better insight into how you can provide better support for your team members.

At the end of the day, having a positive attitude and creating an empowering culture of respect and appreciation set a strong foundation for professional growth within your workplace environment.

The appropriate training is essential to keep the workers informed about their job roles and responsibilities, engaging them actively in the operations of the organization. Training programs must be designed strategically and implemented at different levels within an organization in order for it to effectively foster collaboration and create an atmosphere of continual learning.

In this article we will explore the secrets behind effective employee training for a productive work environment.

What is employee training?

Employee training is about helping your employees learn and develop their skills and knowledge so that they can become more effective, and productive at what they do in their job.

Many businesses invest in employee training because it can increase staff motivation, and boost their productivity and the quality of work. Employees who are trained are more likely to have a long-term commitment to their employer and perform better at work.

Employee training can be delivered through programs such as corporate e-learning, in-person sessions, face-to-face coaching, group workshops etc.

Types of training and development for employees

1) Management training

Employees can have different levels of management training when they are being promoted to different positions in an organization. This type of training is meant to prepare them for the higher responsibilities they will have in the organization.

2) Sales training

Employees, especially those in the sales and marketing sector, maybe need to go through sales training to increase their skills in selling and marketing a company’s products and services.

3) On-the-job training

When an employee is new at the company, they may go through on-the-job training that will help them learn what is expected of them and what job skills are necessary for their position.

4) Mentoring scheme

When entry-level employees need to work under an experienced supervisor or senior in order to learn more about their job and gain some experience working in an organization.

5) In-house training

Most organizations conduct different levels of in-house training for their employees according to their job roles.

Importance of Training in organization

• Training is very important for organizational development and making it successful. It is helpful to both employers and employees of an organization.
• The training helps the new employees to familiarise themself with the organizational mission, vision, rules and regulations and working conditions.
• The existing employees are trained to refresh and enhance their skills and knowledge.
• If any updations and amendments take place in technology, training is given to cope with those new changes. For instance, purchasing new equipment changes in the technique of working, etc.
• When promotion and career growth become important training is given so that employees are prepared to share the responsibilities of the higher-level job with their junior.

The benefits of training employees

1. Improves morale of employees- Training helps the employee to get job security and job satisfaction from their job role. The more satisfied the employee is and the greater his morale, the more they will contribute to organizational success.

2. Less supervision- A well-trained employee will be well and will need less supervision. Thus, there will be less waste of time and effort.

3. Fewer Errors – Errors are possible to occur if the employees lack the knowledge and skills required for doing a particular job. The more trained an employee is, the fewer the chances of committing errors on the job and the more proficient the employee becomes.

4. Increased productivity- Training improves the efficiency, skill and productivity of employees. Well-trained employees show both quantity and quality performance at the same time. There is less wastage of time, money and resources if employees are well trained.

Why is there a need for training for employees?

1) Reduce employee resource expense

Employee resourcing can be expensive and can be highly disruptive–and costly. Normally, it takes 55-60% of the employee’s salary to find their direct replacement.

Offering employee training is the best and most effective way to reduce employee resource expenses. According to LinkedIn Learning, 92% of employees say they would stay at a firm longer if it invested in its development program.

2) Improve employee engagement

Employee engagement remains a moving target for most companies, but it’s critical for company results. The Economic Times stated that one in five (20%) employees in India enjoy the highest level of employee engagement. Employees who feel better learn and grow at their companies 3.5 times.

And more possible to be engaged, employee training opportunities present the best tool for increasing both engagement and profit for the organisation.

3) Boost Productivity

Productivity is essential for organisations to work properly. And offering employee training is one of the most straightforward ways organisations can boost their output.

Learning how to use new technologies or new tools, ranging from scheduling applications to artificial intelligence, can be important to save time and makes daily tasks easier. The benefits of training employees on soft skills boost productivity and reduce time wastage.

4) Improve team functionality

Most employees work in teams, yet those teams are rarely optimised for success in the organisation. To succeed, teams need complementary skills that help them to work in an efficient way.

Identifying gaps and providing them with training can impact the productivity of every member. Team training on communications skills, and conflict management, can also help build trust among employees for each other and reduce time lost to misunderstandings and conflict.

5) Enhance management

Poor management is one of the biggest challenges a company faces when ineffective employees impact the company. In a bad way, the importance of employee training which will help employees to communicate effectively, develop their skills, think strategically, and react to challenges with flexibility can increase both team performance and employee satisfaction.

Summary

Employee training and development programs give employees the good opportunity to expand their knowledge base within their roles in the organization. Employee training is very important to the success of a competitive organisation.

No matter the industry, filling the gaps in your employees’ professional knowledge is essential to keeping them productive and is important for the growth of the organisation. Training employees through a high-quality training program will make the organisation successful.

Any company or organization depends on its employees for success, but thriving in today’s dynamic business environment needs more – it needs a well-trained, committed workforce. From new hires to senior management, training plays an integral role in creating a productive workplace environment where everyone is motivated and engaged.

FAQ’s:

Must Read:

• 7 Major Productivity Roadblocks

• How To Motivate Staff To Increase Their Productivity

• How time management boosts your business productivity

Are you a stay-at-home mom or businesswoman looking for a way to make extra income? With the rise of e-commerce and digitalization, it has never been easier for women entrepreneurs in India to start their own home business. India is heading towards a progressive nation as it has witnessed great growth in the number of businesses for women in the last few decades. Women these days are more career-oriented, intelligent, and skilful.

Thousands of women have unique ideas, visions, and skill sets for the future.

But, even the most motivated women need clarification while deciding on the perfect business ideas for women.

There are numerous business ideas for women, but the home business for women would be the one that matches your budget, interest, skills, and many other factors.

But, even the most motivated women need clarification while deciding on the perfect business ideas for women. 

According to a recent report, there are currently about 13.5 to 15.7 million women-owned enterprises in India. Although this number is huge, it only represents 20% of all enterprises.

Any woman can commence with any business; all she needs is knowledge and research about the work that you start. If you are considering starting your own home business but don’t know where to begin, look no further! 

This article will take you through 10 innovative ideas for home-based businesses for women launching their very own home based business in India.

1. Blogging

It is one of the best business ideas for women at home as you can do this while sitting at your home. The best part about this work is that you can work flexible hours accordingly. 

For starting a blog, you would need to create a website and start writing articles about anything of your interest or else you can apply to any company that needs a blog writer. You can choose any topic such as fashion, cooking, sports, education, politics, etc.

There are many benefits to starting a blog, but you will have to make a lot of effort to increase your reader. Once you have enough readers, you will be able to earn money through sponsors and ads as well.

2. Freelance Content Writer

With the growing internet world and now e-Commerce, the demand for content writers has increased as well. If you are creative and have excellent writing skills, this is a great business idea from home. And you don’t need any investment cost to start this business.

You can write content for anything such as a website, graphic designing, animation, or bloggers. There are a lot of freelance websites and platforms where you can find work to start with or you can also start your website as well.

3. Bakery Business

This is a small business idea for women in India as several females love cooking and baking. You can turn this skill into a profession. 

Initially, you can start this business from your home, and later, as the demand increases, you can open a bakery. You can also open a website or your social media page and start taking orders online as well. 

4. Tiffin Service

This is another popular business at home for ladies as they like cooking and making this a profession can give you satisfaction. Also, to make this business popular, you can list friends and family and inform them about this business.

Ensure that you use good-quality ingredients, and your presentation should be great as well. 

5. Crafty things

Female entrepreneurs who are interested in business at home and who love creating unique handmade products for decoration can start a business with it. The world is seeing a transformation towards handmade products as they are authentic and come from different states and nations.

There are many ideas out there you can make jute bags, wooden crafts, do embroidery, handmade goodies, or anything you know well. These items sell at a very high price; you can even make your website or social media and sell them or approach any big website such as Amazon, Flipkart, etc. and sell your products there.

6. Become a home tutor

Today technology has become so vast individuals can teach from anywhere. Tutoring is one of the most traditional business ideas for women entrepreneurs. You can easily earn extra money by tutoring online as well.

You can teach at a coaching institute, or become an independent tutor. There are many websites that offer in-person as well as online tutoring. You can start by tutoring school. Once you gain more experience, you can help students prepare for the exams or even degree exams. 

7. Provide childcare

A childcare day boarding business option for women entrepreneurs to provide quality care for children while also providing a valuable service to working mothers. This type of business can be run out of a home-based or commercial space and can offer a variety of services such as drop-off and pick-up, meals, activities, etc.

Running a childcare day boarding business requires a lot of planning and organization. You will need to be able to create a safe and nurturing environment for the children in your daycare and be able to manage the needs of multiple children at once.

8. Open a Thrift Store

Thrift stores are in trendy business today, specialised, and in high demand. A thrift store business could be best for you if you enjoy bargain shopping or have a passion for vintage, retro, or high-fashion items. Through this you can support a sustainable environment as well. 

This business has many ways to go, but you will need a solid business plan, high-quality inventory, and excellent marketing skills. And this is the best business idea for women entrepreneurs you just have to start selling your old clothes or you can even purchase them from a collect market. 

9. Social Media handler

Almost every business today needs the value and benefit of social media marketing. Social media handlers are in charge of a business’s social media presence across all social media platforms. 

A Social Media handler is in charge of a company’s public relations by implementing content strategies on social media platforms. Analysing engagement data, identifying trends, and customer interactions, and planning digital campaigns to build community online are among their many responsibilities.

10. Translator

The translation industry is rapidly evolving due to globalization and online money-making opportunities while being at home. Keeping up with the rapid pace of modern society necessitates fluency in multiple languages due to open market trends. 

Translator jobs are an excellent business idea for those who are good with their ears and typing skills, and women who are looking to work from home. 

Summary

India has witnessed growth in the number of women entrepreneurs in the last few decades. Women today are thriving in almost every industry and sector with the help of their entrepreneurial abilities. So, we are with some of the key home business ideas for women entrepreneurs to choose and grow their businesses depending on their experience, knowledge, skills, and passion.

FAQ’s:

Must read article: 

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