New to HR Heres How to Present Change - Workology

New to HR Heres How to Present Change - Workology Heres How to Present Change Everyone has an opinion. If you dont have one, youre not thinking. When youre new to a job, there may be a lot about the company that you dont understand. Theyve been doing things for a certain way for so long and change isnt necessary  in their eyes. Presenting a product, service, or idea doesnt always need to be about trying to make a change in the company. When you present a solution to a problem, youre presenting yourself. If there is something you feel passionately  could help make your company better, pitch the idea, but make sure you have everything you need before you walk into the room with the executives. You may have been tasked with this problem or maybe you realize that your company would spend less time if they outsourced a certain task and focused on more important in-house situations going on in the company. No matter how the complication fell in your lap, it is now your responsibility  to present the best solution. Heres How to Present Change Know the solution or product inside out, there should be no question you cant answer about this solution or product. There should be reviews for people whove previously used the product if possible get a real review and not just one online. If youre a franchise, reach out to others and find out if theyve decided to use this product in their company and how its been received. If you werent tasked with this project, be able to explain clearly, why and how you think this will impact the company overall. Always remember, you cant just think about how this will affect your department look outside of those boundaries. What will this cost, will the managers need to do more work, will payroll be affected? These are the type of questions youll need to examine and in deep detail. If the executives are willing to listen to your idea, dont waste time by informing them youll have to follow up at a later date. Think about this from every single angle, even ask another coworker or friend so you can get the opinions of others and not just your mind. Practice makes perfect with anything, so rehearse the presentation multiple times. Dont just read a piece of paper, you need to show engagement and excitement  about this product that you are presenting. If you have slides or handouts, know exactly when and how youll be giving them out to the audience. Practicing the presentation will help you know exactly what youre talking about and will ease a little part of your mind when its time for the real pitch. Have all of the data to back your position on the solution and having data that will show other possibilities that questions  may arise about is also extra points towards you. Gathering all solutions and ideas cannot stop at the first thought. When you get the opportunity to present this big of a possible change to your organization as a newcomer to the business and company, take every advantage to once again show proof that hiring you was the best decision. Never take the decision personally, especially if the pitch is rejected. It took a while to understand why my company did not outsource payroll to another organization, even though many companies were coming to us with deals. I had to understand that with a number of employees we have, the best solution for us is to keep the service in-house. Now, that is not to say that maybe in a few years when we have more employees that we wont look at the possibility again, but right now, this is what works best for our company. Dont try to change the company to only make your position easier. Think about this change for the entire organization. Be prepared on all fronts to present this change, take a deep breath, walk in with your shoulders ready, and always remember that you know this product. At one point those executives were in your shoes trying to make a difference in their organization, now its your turn.

Applications of Big Data in Finance

Uses of Big Data in Finance Uses of Big Data in Finance Enormous information is a mainstream new catchphrase in the domain of data innovation and quantitative techniques that refer to the assortment and examination of gigantic measures of data. Advances in processing power alongside falling costs thereof are making enormous information extends progressively more actually attainable and monetary. Specifically, the appearance of distributed computing is putting the expense of huge information examination inside the compass of numerous littler firms, which currently don't have to make noteworthy capital interests in their own registering foundation. Another vocation class, information science, has jumped up because of the development of huge information. Applications Within Finance Inside money, especially inside the monetary administrations industry, huge information is being used in an expanding number of utilizations, for example, Worker checking and surveillancePredictive models, for example, those that might be utilized by protection guarantors to set premiums and credit officials to make loaning decisionsDeveloping calculations to gauge the heading of money related marketsPricing illiquid resources, for example, land Accident coverage As far back as the 1980s, the originator of Progressive Insurance anticipated the day when hard information on singular policyholders driving propensities could be gathered and broke down. This would prompt progressively exact hazard estimation and hazard evaluation, and along these lines increasingly exact premium setting. By 2010, the essential information assortment innovation had opened up, and now more than one million clients have consented to have secret elements introduced in their vehicles that track, for example, how quick they commonly drive and how abruptly they ordinarily brake. Customer Credit LendUp supplements conventional FICO assessments with informal organization investigation drawn from different sources, so as to settle on loaning choices. For instance, LendUp is keen on knowing whether a potential borrower has changed phone numbers habitually, which may show an awful hazard. The organization additionally accepts that how individuals interface with their companions online offers solid pieces of information about their danger as borrowers. The individuals who show the most grounded and most dynamic social associations and network ties seem, by all accounts, to be the best dangers. Accordingly, potential borrowers are approached to make their Facebook accounts accessible to the firm for investigation. Charge card monster CapitalOne, in the interim, turned into a major player during the 1990s basically through utilizing propelled information assortment and investigation strategies to recognize possibilities for its cards, gaining a sudden advantage over a large number of its increasingly settled opponents. Independent venture Lending New contestant Kabbage is a meagerly staffed, innovation driven organization whose prescient models draw on sources as assorted as internet based life, eBay and UPS to evaluate the nature of connections between possible borrowers and their own clients. Harvest Insurance Atmosphere Corporation endorses crop protection for ranchers. The firm runs colossal reproductions to anticipate long haul climate examples and set premiums. Home loan Lending JPMorgan Chase is utilizing huge information investigation to decide worthy deals costs for homes and business properties that have been repossessed as the aftereffect of defaulted contracts. The thought, as per classified sources, is to assess nearby financial conditions and property markets to propose sensible deals costs before contract credits really go into default. In the event that these recommended deals costs are set precisely, the interruption to the nearby property showcase from a default, repossession and deal by the bank hypothetically ought to be limited. Moreover, the period over which the bank is compelled to hold a property before making a deal ought to be limited. In the interim, Quantfind, a firm that has provided the CIA with specialized aptitude to reveal bogus personalities used by speculated fear mongers, has recognized taking part in conversations with JPMorgan Chase over how its innovation can be material to the credit business, in territories, for example, credit assessment and advertising.

5 Common Executive Job Search Dilemmas - Executive Career Brandâ„¢

5 Common Executive Job Search Dilemmas

The college experience, what you really need to learn to land a job

The college experience, what you really need to learn to land a job Required topics for the college experience   You have a degree, but do you have the skills to land a job? Required topics for the college experience   Last week, we posted on the topic of how gaining specific skills during the college experience can impact a corporate career. There are a lot of pros and cons to the college experience.   The cost of an education these days is astronomical and I often wonder how parents and young people manage.   In my position, I see a lot of young people struggle to land a job after college that will leverage their hard-earned and expensive degree. Last weeks post provided business reasons why I believe that effective public speaking is so important to the corporate career. Not only does the ability to speak in front of others help you with your job interview (think panel interviews and stressful presentations) but it will also put your career on a completely different trajectory. Effective public speaking will  separate  you from the group that doesn’t like to  speak publicly OR doesn’t want to speak publicly. If you have a reputation for being an effective public speaker, the opportunity will come.   This week, I am going to write about 4 more topics that I think are critical to a career in the new economy.   English A few years ago, I posted a blog for candidates who are veterans  to help these candidates overcome military stereotypes while trying to enter the job market.   My father-in-law was a Colonel in the US Army so I asked him to proofread the post before I shared it publicly. My intent was to receive counsel on the content. My goal was to make sure that I wasn’t offending anyone in the military or misrepresenting this demographic.   Well, I hit the content, but the redlined document I received back reminded me of my grade school days. Corrections in red marker were everywhere. It didn’t help that I had forgotten that my father in law taught English at West Point and served with General Colin Powell. I realized then and there where the terms “mark up” and “redline” in Microsoft Word originated. I am sure that he was wondering who was the illiterate monkey his daughter married as he was grading the paper. I remember saying out loud and in disbelief: “WTF is a Dangling Participle!”   There is a reason that English is more important than ever and it isnt to learn about the dangling participle.   20 years ago, we didn’t have email, text, voice to text or the various forms of instant messenger/chat. I would estimate that 80% of my communication is via email and most of my “thought leadership” is provided in some form via written communication. Many of us “chat” with co-workers that sit right next to us.     Make no mistake, I am not recommending an English major if you want a job in corporate America.  30 years ago, an English major could land just about any entry-level job.   In the year 2014, colleges should ask students to sign an English Major Waiver. This document would acknowledge the fact that the student understands the repercussions of approaching corporate America with an English major in hand. This is similar to the way I look for our employees to sign a waiver acknowledging that we serve alcohol in the workplace. Both waivers have their place and their reasoning, but it is probably going to get ugly and you are probably going to see some shit go down, so proceed at your own risk and think about your tolerance for the consequences. With so much communication done over email, it isn’t just updates and general correspondence anymore.   Ideas are only as good as the message delivered. You can have a great idea, but if you aren’t able to articulate yourself, you might as well be mute. Effective writers can type their message once and be done with it. Others need multiple drafts and yet others should have their fingers removed.   Polished writing has it place in corporate America and poor grammar will give you unwanted visibility.   Accounting Both for-profit and non-profit companies need to hit a bottom line and answer to a Board of Directors.   If we don’t know where we are financially, what’s the point of the business?   After the crash of 1999 and 2008, we should ALL know how to read a financial statement.   We should all have some sense of which direction the companies that write our paychecks are going.   This is a stretch, but if we understood basic accounting principles we might not have so much credit card debt and mortgages we couldnt afford.   There is nothing more impressive than an employee that is deep in their discipline AND understands the business. Individual contributors understand their discipline.  Sr. managers and execs have mastered their discipline and understand the business. They are able to see the big picture and will only be given a budget if they know how to manage one. Microsoft  Excel   All candidates understand Microsoft Office, PowerPoint, and Word.   When I ask about Excel, the usual response is “Yes, I know Excel”.   When I follow-up with “What can you do in Excel?” the usual response is “Lists, sorting and basic functions, yes I know Excel”.     If I could go back in time and buy a bunch of Google stock I would.  Since I cant, I will think about the next best thing. If I could go back to school and do it all over, I would focus on Excel or some database  skill-set.   The cost of electronic storage has changed the  game around how much we care about data.   Recent innovations in the field of Big Data have raised the bar on how companies and managers view analytics. I don’t expect a recent graduate to understand Tableau or MySQL, but pivot tables, joins, sorts and advanced equations will put a recent graduate on the map. This is my Achilles heel and I continue to take classes to improve this skill set. Had I paid more attention in class, I might have saved myself a lot of heartaches.   Next week, I reveal what I believe to be the MOST important class to take in college to land a job.   See you at the after party, HRNasty nasty: an unreal maneuver of incredible technique, something that is ridiculously good, tricky and manipulative but with a result that can’t help but be admired, a phrase used to describe someone who is good at something. “He has a nasty forkball. If you felt this post was valuable please subscribe here. I promise no spam,