Mr. Rumesh Wijetunge shared his experience on an interactive webinar session on "Introduction to Business Analysis" on Nov 22nd 2017.
Introduction to Business Analysis - Rumesh Wijetunge | KnowledgeHut Webinar
8K- by KnowledgeHut
- 25th Jan, 2018
- Last updated on 26th Feb, 2019
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Can Work like Experiences Replace Internships?
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The post-COVID hiring scene paints a rather bleak picture. Every industry has seen a decline in job openings, according to job searching platform Glassdoor. While economies around the world are slowly getting back on their feet, the hiring market is still underperforming, especially for novices who have no work experience and are fresh out of college.Without internships and gaining that all-important work experience, how will you prep yourself for the job market? How will your potential employer know that you have what it takes to be successful in the role you have been hired for? This is where ‘work like experiences’ help.What are work-like experiences?Work-like experiences are activities that provide you with experience similar to what working professionals gain in a workplace. These work-like experiences help in preparing you to take up employment, by making you fully eligible in terms of being hands-on, for a particular role. Work like experience will help you: Develop employability skills by gaining active, real-time work experience Develop new skills to explore new opportunities and become attractive candidates for new roles Prepare you for the next step in your career after school/college Understand corporate work culture Build your professional network Remain motivated And it’s not just for fresh graduates. This model even benefits professionals who have to upskill or re-skill—a necessary practice to remain relevant in the current job market. Technology is changing at breakneck speed. Fields like automation, artificial intelligence, and data science have a ripe job market; but these jobs require a workforce that is equipped with the right skills. Refining your existing skills can make you an attractive candidate for these job roles. Here again, work-like experiences can add that something extra to your resume and set you apart from novices. Difficulty faced by students for getting internships due to Covid-19 and work from home in most organisationsMost employers have cancelled their internship programs due to the financial crisis-YelloInternships are geared towards helping students become industry-ready and get the jobs they desire. They represent an ideal win-win situation, not just for software engineering students but also for the industry they are trying to get into. For the student, because it gives them all the skills they need to be successful at the workplace; and for the industry, because they are getting resources who have on-the-job experience and can be immediately deployed to be productive.But the pandemic resulted in internships being cancelled across the board. This can have serious implications on the job prospects of entry-level workers who have no way to gain experience or demonstrate their skills and capabilities to prospective employers. The economic effects of the COVID-19 economy on young workers may persist for years—Economic Policy InstituteThe pre-COVID economy is in dark blue and dark orange, while light blue and light orange shows the current economy. Orange bars represent workers ages 16–24, and blue bars represent workers ages 25+. In pre-COVID months, the unemployment rate for workers ages 16–24 (8.4%) was three times as high as for workers ages 25 and up (2.8%)— Economic Policy Institute The only way to break through this unemployability barrier is by gaining industry-ready skills through work-like experiences. Showcase your skills, capability and employability to potential employers.Benefits of work-like experiences over traditional internshipsWork-like experience is a complete win-win for those undertaking it. For starters, one does not have to travel to a workplace like you would have to do for an internship. Work-like experiences are remote and can be undertaken from anywhere. You have the advantage of learning from a relaxed, yet formal work environment. For example, consider KnowledgeHut’s adaptive outcome-based learning model that helps students gain work-like experience by working on an industry-grade capstone project. Traditional internships are time bound and if you are a student, you have to complete it during your college break. But online work-like experience can be gained at any time, in parallel with your studies or a part-time job. Online work-like experiences give you the freedom of working across geographies. You can gain international exposure and choose the work you like best, be it in research, programming, web development, data science or project management. Work-like experience helps you get customised guidance on the subject of your choice. Experiment with a number of technology stacks and programs and gain proficiency in one or all. There is no limit to how much you can learn! How work-like experiences can be leveraged in job interviews, in lieu of internshipsStudies show that internships do lead to jobs, with 63% of paid internships resulting in a job offer. Compared to this, 37% of unpaid internships also resulted in a job offer, while only 35% of students who did not do any internship at all were offered a job.So, if you are unable to take on an internship after your studies, what is the next best step? Work-like experiences are the way to gain industry exposure in-between college and a job. Employers are increasingly looking to hire experienced professionals, and this leaves fresh graduates and entry-level workers in the crux. You cannot gain experience without a job and at the same time you won’t get hired because you lack experience. Work-like experiences provided by training institutes such as KnowledgeHut are geared towards helping you bridge the skills gap. You will develop industry-specific functional skills that will help you clear interviews. For example, if you are seeking experiences in IT or engineering, then you can gain skills in multiple programming languages like Python, JavaScript, React, C++ and more. This will make your resume attractive and also give you the prep to face interview questions. Not only is this a great option for students, but it also provides a perfect solution for recruiters who needn’t invest in training new hires as they are already primed with the skills that is expected for the job. KnowledgeHut is offering work-like projects with their e-learning courses which will help learners get a hands-on understanding of the technology/software they're trying to master.All KnowledgeHut courses are delivered through PRISM, an immersive learning experience platform that facilitates hands-on exercises, lively discussions, and team collaboration with a focus on finding practical solutions to real-world scenarios in various projects environments, both big and small. You do not need any prior training or prerequisites to gain these work-like experiences but at the end of it you will be well qualified to make your mark in your chosen industry.
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KnowledgeHut Partners With Scrum.org To Deliver Professional Scrum Training
By KnowledgeHut
In March, 2017, KnowledgeHut succeeded in taking its Professional Scrum course stature to a brand new level by entering into a partnership with scrum.org. The company has recently joined the Scrum.org Professional Training Network (PTN) for enabling a rich learning experience. This has marked its first major step towards imparting a superior quality training to the SCRUM professionals. Our versatile team of professionals and industry experts has helped us reach this coveted milestone. We congratulate our existing Professional Scrum Masters on this new achievement and earnestly hope to see an unparalleled growth in the count and quality of our ardent trainees in the years to come. This partnership is expected to change the face of software delivery altogether. The rigorous training processes under the current trainers at KnowledgeHut will only become better with this grand initiative. About Scrum.org Scrum.org is the hub and an unmatched repository of online resources, certifications and training materials that can help enhance the fertility of knowledge in Professional Scrum. Everywhere across the globe can one find Professional Scrum trainers from scrum.org, transforming the careers of millions of software professionals. We are proud to announce that our valued Professional Scrum Trainers- Naveen Kumar Singh (Head-Agile Consulting), Sanjay Saini and Hiren Doshi have made it possible for KnowledgeHut to attain this milestone. Benefits of scrum.org Scrum.org is solely oriented towards equipping the IT professionals with certifications, tools and trainings. These add unique dimensions to the realm of software development and scale the current software employees to professionals of corporate stature. KnowledgeHut’s partnership with scrum.org is aimed at jointly expanding as a global network for superior software delivery. This enhanced platform will enable both the organizations to build a stronger resource base and widen the range of opportunities. Post-collaboration, a significant rise in the number of certified Scrum Masters is expected. This is mainly attributed to the fact that on being certified once, one can claim to be a Professional Scrum Master for the rest of his/her career. There is absolutely no need to pay extra charges to remain certified or keep proving the already acquired knowledge. Once certified, not only do you have a constant access to all the training materials and relevant information on scrum.org, but also rest assured to be updated with the latest news and happenings from time to time. Register and start learning KnowledgeHut’s popular courses from scrum.org, namely- Professional Scrum Master (PSM), Professional Scrum Foundation (PSF), Professional Scrum Product Owner (PSPO) and Professional Scrum Developer (PSD) have seen a heightened quality by virtue of this collaboration. The partnership has been constructive not only for the growth of our organization, but also for the incoming IT aspirants opting for our courses. KnowledgeHut is shortly going to organize conferences on Scrum and Agile, in association with Scrum.org. To stay updated with all our courses, please visit https://www.knowledgehut.com/.
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Top 5 Skills Organizations Are Looking for in Employees Post Covid-19
By KnowledgeHut
The emergence of the pandemic has exposed our vulnerabilities in more ways than one. Accelerating our journey towards a digital transformation is the only way to cope with the new normal. Trends suggest that technological expertise, though important, is not the only skill you will need to survive the post-COVID tsunami. The world is changing at an accelerated pace. Digitization was always on the cards but in the post-COVID world, its adoption and acceptance has become absolutely imperative for survival. No one can say what the world will look like in a couple of years, but what is certain is that a momentous transformation is inevitable; and a workforce that wants to thrive in the future has to adapt and align itself with new ways of thinking and working.A decade back, a degree and moderate proficiency in a single technology stack was sufficient to ensure a productive career. But in the current world, success will belong to those who are committed to continuous learning and up-skilling. Technology and frameworks are evolving at breakneck speed, and skills acquired even a year back are already obsolete. Agile ways of thinking and a flexible mind-set that is focused on growth will help to keep pace with the changing eco-system. At the same time, just being technologically proficient will not help the millennial sustain a job. Along with gaining digital mastery one has to have proficiency in communication and social intelligence, resilience to change, and the ability to work in tune with a diverse group of people who share a common vision and goal.So what will organizations look for when hiring in the new economy? Skills can and do expire, and they need people who can keep up with the times. Gartner surveyed over 800 HR leaders across industries and regions, and 68% of them felt that building critical skills and competencies would be on top of their priority list for 2021.According to a McKinsey survey, these five skills will be a must-have for professionals who want to survive and succeed in the post-COVID hiring space. 1. Digital skillsTechnology has transformed businesses, imbuing them with speed, dependability, security and enhanced value. Every business now understands the value of strengthening its customer base with the use of technology. But to win the tech battle, every employee must have the capabilities to tap into the new technologies that have been made available to teams. Unless talent is also scaled and made available across the board, the strategy to win the tech battle will be lost. The Future of Jobs Report from the World Economic Forum states that approximately 54 per cent of employees will require reskilling and upskilling by 2022, as their existing skillsets would have become outdated. According to Strategy&, a part of the PWC network, companies around the globe are in a race to adopt new technologies to help them cope with the competition. The report states that there is a global trend to accelerate investment in technologies such as blockchain, artificial intelligence and robotics. The workforce of the future needs to keep learning and self-improving, adding to their repertoire the knowledge of new technology stacks and frameworks. The passion for continuous learning will help them connect with the vision of the company and move ahead with the rest. 2 Cognitive skillsOur learning from a very early age is geared towards enhancing our cognitive abilities. Cognition is our ability to gain, retain and analyse information and understand concepts. It builds in us reasoning and problem-solving skills. Employees with high cognitive abilities are critical to help organizations navigate through turbulent times, deal with emerging challenges and think out of the box to foster innovation. As business models change and transform to fit the new normal, they must have the ability to assimilate themselves to the change and boost productivity. The evolving workspace will require employees to make sense of a large number of things including the proverbial elephant in the room: ‘DATA’. Developing cognitive skills will help them to analyse data, recall conversations, numbers and goals and perform better at the workplace. Data science and analytics, which is the ability to use this data for business profits has long been among the most coveted skills in the technology landscape and has consistently topped emerging job trends statistics. Higher cognitive abilities will help employees innovate and come up with insightful solutions and strategies that will help them to succeed through troubled markets. A Mercer | Mettl Talent Assessment Practices Report India shows that 53% of top companies have flagged cognitive ability as their primary focus area when it comes to hiring. 3. Social and emotional skills Many psychologists believe that the emotional quotient is more important than the intelligence quotient. People react in different ways to complexities and challenges, and feelings of loss of control, work anxiety, and thoughts of financial insecurity many be handled differently by employees. While some may take these conflicting emotions in their stride, others may struggle with the emotional upheaval. Emotional skills are necessary to deal with ambiguous situations, align with change and transformation, and enhance communication and empathy. A recent study found that about 82% of global companies deem it necessary to administer EQ tests for executive positions. 72% of these companies use the tests to gauge middle management talent, while 59% of companies give the tests to entry-level positions. An employee with higher emotional skills can handle change better, and carry the entire team towards the goal. As your team grows, your ability to manage conflict, deal with different kinds of team members, and smooth out differences to ensure productivity will define your growth as a manager. So will your ability to deal with and empathise with team members from different geographies and cultures, even remotely, reflect on your own growth and credibility as an effective leader. 4. Agile skillsIt takes strong leadership and organizational agility to respond to the increasingly volatile, uncertain, complex and ambiguous (VUCA) environments that the pandemic has thrown up. The unprecedented, never-before seen levels of confusion and chaos across industries has put leaders on edge, and decision making has been difficult to say the least. To tide through the situation, organizations and management must set in place business continuity plans and deploy an agile change management approach. Research by McKinsey and the Harvard Business School concluded that companies that had successfully adopted agile ways of working pre-COVID-19 performed better and were able to move beyond the crisis far more rapidly than those that had not. Agile organizations were already equipped with processes and structures to combat uncertainty, such as cross-functional teams, sprints and reviews and clarity on requirements, outputs and outcomes. Employees of Agile organizations, already used to navigating change, were able to adjust faster, and with less emotional turmoil. Even when it came to individual teams within companies, the research found that business units that had gone agile before the pandemic performed better, scoring higher on operational performance, customer delight, and employee engagement. Having many efficient agile teams across an enterprise, and empowering them with the tools and processes they need to stay ahead of the game, makes it possible for the entire organization to survive, get to the other side of the pandemic and thrive. With the world turning increasingly digital, online learning is the way forward—and more organizations are turning to virtual learning platforms to help their employees stay updated with new-gen skills. 5. Adaptability and resilienceThe river birch tree is among the most resilient trees that is known to survive the roughest storms. How? Because it has a limb structure that bends and does not break. This allows it to withstand the gustiest of winds and the most torrential downpours. COVID has brought in winds of change and like the birch tree, the workforce needs to adapt and become resilient to tide through the aftershocks of the pandemic. Resilient organizations are able to respond well to any crisis and quickly set in place recovery measures that are undertaken together with employees and stakeholders. The management should adapt to the shift in mindset that is necessitated by the changes, and must make a plan for navigation through the implications of the crisis. They should empower employees to survive and move past the uncertainties caused by unfolding circumstances. Employees must be equipped to cope with the changing dynamics of the new-age workplace. They will need to operate remotely, collaborate across geographies, and adapt to innovation. They should be given the opportunity to re-skill and upskill in latest technologies to keep up with the evolving times.Emotional stressors can be at an all-time high, and employees should have access to soft skills training that can help them to handle their situation with maturity and resilience. Some of the ways in which managers can help employees to stay on track are through frequent team huddles to increase collaboration and fuel motivation, and peer-to-peer knowledge transfer sessions between team members to inculcate a culture of support through trying times. Technology is evolving, businesses are transforming and adaptability is the key to survival. Even before the pandemic, the McKinsey Global Institute had reported that as many as 375 million workers—which roughly translates to 14 percent of the global workforce—would have to switch occupations in order to adapt, or acquire new skills in the next decade. There may be reversals but what sets apart a resilient employee from the rest is the ability to bounce back and work with renewed zeal towards the path to success.
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