Credit Rating vs Job Worthiness
Recently stock markets went crazy when S&P downgraded the credit rating of US. We have a kind of environment in the financial market where the countries rate other countries before lending. We have companies with credit rating which helps in enjoying better credit facilities and attractive interest rates. When it comes to individuals we are also rated for our credit worthiness. I am not a finance pro to go into the details of the various components of this rating mechanism. However from a commoner point of view I can tell you how an individual’s credit rating affected.
Banks and other financial institutions submit the data of their borrowers(which is us) to the credit rating agencies which closely monitor for defaults, disputed payments etc. If we lapse in our repayment of our EMIs of Housing loan or a personal loan the rating is going to take a hit. This will affect the chances of getting another credit card or even a top-up loan. We might argue with the Credit card issuer with a dispute over the billing in our card statement. We might even win an argument and decide to bargain and pay a fraction of the amount and think we have gotten away. But what we do not realise at that moment is , the credit card issuer has already reported our status as defaulter. That is a blemish on our record.
If you are too young and have just have begun your career, you definitely cannot afford for such mistakes because you have a long list of loans you might take in the next 20-25year period for buying a home, car etc and it is never a one-off relationship with any bank. Mind you they are so well integrated to share the data and you will have nowhere to go.
That reminds me again of Sheldon Kopp’s escatological laundry list item no
41. You are free to do whatever you like. You need only face the consequences.
Thank god we don’t have a similar system of rating the individual’s career or Job worthiness yet. Just imagine a central database with ample inputs from employers rating the job worthiness of the individual. Do not worry, it may never happen for the simple reason because of the volume of subjectivity involved in rating the individual….some may vehemently protest this subjectivity but when was the last performance review done objectively…??
I welcome your thoughts on this post.
I, as ever, really appreciate your time and attention. If you would like to get these posts via email, just enter the details in the sidebar on your right and you will never miss a post. If you like to share this post with friends you may use the links below.
Don’t take the org charts seriously
Here is why:
I picked up this comic pic from Manu Cornet’s blog. Here is the link if you want to visit this blog post .
You can take time to introspect looking at the above picture. It will definitely set you thinking. What does this mean to your career. Ultimately we all run our worklives to fit into some spot in this lifelong game called career. Every organisation has its own culture and funny ways of motivating /driving people to occupy different spots in their org charts.
When you think deep enough, you will realize its no fun to take the org charts very seriously as we do now.
I welcome your thoughts on this topic.
7 truths you need to know about posting CVs in Jobsites
Who views your resumes when you post them in the job sites?
Employers….to a certain extent yes.
Placement consultants….100% yes.
Telemarketers….200% yes(!!!)
Here are the 7 truths you may want to know about posting your CVs in Jobsites…
Truth #1
Employers do not have time to search CVs in the job sites. Employers have moved beyond job portals for sieving CVs. The trend now is to focus on building up unique databases of CVs which is not found elsewhere. Young and innovative, new-age HR Recruiters in large organisations use social media tools to connect and develop these unique databases. They leave the painful job of searching resumes in jobsites to the consulting folks. Read more »
New pharmacareers job board will be ready by August 1st
I am glad to break the To-be -launched announcement of a new service which has been pending for a long time now.
Very soon your favorite pharma blog will have a job board with rich features. It has been my dream to make pharmacareers.in as not just an industry blog but the one where companies wanting to hire Healthcare/Pharmaceutical professionals and professionals looking for the best industry jobs meet.
I had earlier experimented without much success, a job portal model based on asp.net.(IMO a complex platform where my dependency on software guys were 100%) Eversince moving the domain to a self hosted wordpress blog (and thus gaining the elusive freedom from developers), the site has been slowly gaining popularity and reasonable readership. This time around with so much work going on in wordpress development, adding a job board to my wordpress blog has actually become quite easy. The job board should be usable in a few days from now. As a curtain raiser, I just wanted to use this post to give a brief on what to expect from this Job Board. First and foremost, the job posting is free for the advertisers/hirers. If the desire is to have a featured post with a better visibility that comes at a small premium. But generally job posting will remain as a free service for now and the times to come.
It has got some really exciting features:
- Radius search for job locations
- Search based on job category, salary, job type etc
- Add logo to the job posting
- Paypal payment gateway
- 30 day expiry period for the job post
- Share the job posts through twitter and facebook
I am working on giving some final touches to this job board. In the meanwhile I would greatly appreciate any feedback as I move forward towards creating something very useful for a lot of you.
First-ever Lifescience Job Fair
Not often you come across a job fair focused on lifescience/pharma/healthcare industry. Recently Mr Aslam from ICRM India dropped a message through this blog on the upcoming job fair specifically focusing on lifesciences industry. I thought of sharing it so that it would benefit a lot of readers of this blog.
I am giving below the details of the event. May be a lot of people who are not regular readers of this blog may benefit too from this event. I would request you all to pass on this post using the social media and sharing links below at the end of the post. As ever I welcome your comments and feedback.
Golden Opportunity for Life Science/Pharma/Medicine/Nursing Graduates, Professionals & Final Year Students.
India’s Biggest Global Job & Internship Fair 2011 at Bangalore
Venue: Presidency College, Hebbal, Bangalore
Date: Friday, 8th April’11.
Time: 9:30AM – 4PM
Please visit our site www.icrmindia.com for more details.
****Entry is free for participating Companies and job seekers.
Kathirvel N
I am an independent consultant and run a healthcare business based in Chennai, India. Pharmacareers.in is an industry blog and a job-board. Apart from providing interesting content which you might find useful in your career and daily life, this site will serve as a platform for sharing, exchanging views/ideas, and also help Employers and Job Seekers to fulfill their people/career needs. Its my pleasure to have you as a guest.
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