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Traditional Interview Practices Versus Modern Interview Practices

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The interview is the platform where candidate is finalized for the job position or not. Basically, the interview is the conversation between the candidate and interviewer where they can understand each other’s nature. While conversation, the interviewers analyse the candidate on the various grounds like the presence of mind, communication skills, understanding skills, etc. In this way, the interviewer can see whether the candidate is fit for the vacancy or not. Earlier the interviews were conducted in the office. But with the increase in technology, the ways of recruitment are also changing. New platforms are coming every day that are making the work of these experts easier and efficient. One of the very effective software used by experts is video interview platforms.

Earlier the traditional interview practices were very time consuming and cost-effective. It involves many things that are not useful for the organization as well as the candidates appearing for the interview. But on the other hand, the video interview platforms can save time and cost of both candidates and organizations, even by using this software the company can conduct interviews at the global level. In traditional interview techniques, the organization has to schedule one day according to the availability of the interview panel. The candidates from far places need to look for accommodation. This process was very costly as well. So, this platform has helped in many ways to improvise in the process of selection of the candidate and made it far easier than before. It has overcome the loopholes of the traditional process.

Following are the benefits of the video interview platforms:

  • Reduced the time to hire:This was the major drawback in the traditional way of hiring a person, the process used to be very lengthy and time-consuming. So, there were chances that the best candidates drop the plan of appearing for the interview which becomes a loss for the company. So, this software platform had led to the completion of the whole process of hiring in a short time. This way many candidates can be screened in a short time and the best out of the lot can be selected for the job vacancy.
  • Enhance the candidate’s experience: using modern technology right from the starting of the selection process helps the candidate to know about the working culture over there. Even the organizations which start taking online video interviews, they can open job opportunities to the candidates across the world. This can open access to many opportunities to both organization and the candidates.
  • Reduce hiring cost by more than 50%: in the traditional way of hiring the person for the job involved many types of efforts which were both monetary and non-monetary. By using this platform for interviewing the candidates, only need is the computers with internet access. This way they can take the interviews from many candidates. This has been an advantage from the sides of both candidates and the organization. Even the candidates need not travel for far places to give interviews.
  • Videos are logs for future references and audits: the interviews are recorded for future uses and even the analysis done by the experts are also recorded. In case the candidate can be selected for another post in the future, this way he doesn’t have to give the interview again.
  • Modernization and automation: it has become very important to cope up with the upcoming technologies. Even these modern technologies are making our work very easy and efficient. This video platform is inbuilt with many advanced tools that can be used for interviewing the candidate. It can analyse the behaviours of the candidate and can give suggestions.

All the above benefits can tell that video interview platforms are better than the traditional ways of conducting interviews. Now let’s look upon the things that are to be considered while selecting the platform for the organization:

  • Maturity of platforms: before selecting the software for the organization, you need to check the abilities that it can handle like audio, video and text questions, configure the time for both question and answer as well, configure the registration forms, randomization of the question to be asked from the candidate, multi-panel evaluation and sending the notification to management and candidates through text message, email, IVR and reminder.
  • Mobile support: the software should support both IOS and Android software as without this no work is possible in this world now.
  • Integration and branding support: the software should have integration with one of the reputed companies. As the software should get installed with the welcome videos on the behalf of the company that will start to play as soon as the candidate logs in to give an interview. This way it can help in building up the interest of the candidate in the company.
  • 24*7 hotline support: the software should support this condition. As it helps the candidates to give the interview on their desired time.

If the software has all these features, it will turn up a good advantage for the organization. This advantage can affect company’s success positively. Up gradation with technology is very important if the company wants to be the best. To be the best company, they have to own the best human resources, these resources play a very important role in the whole functioning of the organization. You can have all the best equipment installed in your organization if they don’t have the efficient staff to operate them. They will not be very successful in their work. To have the best candidates in your organization, it is very important to screen the candidates who have applied for the job so that the managers can get an idea of the candidates, analyse them, and then select the best out of the lot. To help the experts in selecting the candidates, this video interview platform is very helpful, and it is making the whole process very smooth and efficient. It is not only beneficial for the organization but also for candidates.

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Education

KNOW THE DIFFERENCE BETWEEN ECONOMICS VS. FINANCE

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OVERVIEW

Both economics and finance are terms related to similar backgrounds. Possibly this is the reason why one term is confused with another. This article is an attempt to differentiate between finance and economics. Though both the terms are related to money matters, there are certain lines that differentiate finance from economics.

ECONOMICS

Economics is the study of the market and non-market components related to money. It involves the study of the market, its components, its predicted behaviour based on the global economic trends at the micro level. It also encompasses the study of greater financial institutions and global economic regulators and their functions. 

FINANCE

Finance on the other hand deals with matters solely related to money management. It encompasses the raising, management and investment of finance. It also deals with the ways to raise finances and their optimization.  Apart from this general distinction, there are certain parameters that are taken into account to distinguish economics vs. finance. These are the parameters that will be considered to compare economics and finance.

COMPARING ECONOMICS VS FINANCE

  • Applications:

 

Finance is applied to manage financial resources for a company or venture. It deals with the ways and methods of raising finance to procure resources for the company. It allows planned investment of procured resources and appropriate distribution of equity.

 

   Economics on the other hand is the aggregate study of market and market forces. It analyses market behaviour and makes predictions of future events based on the general trends in the past. It is elemental in planning the course of economic activities during different phases of the economic cycle. It facilitates optimum utilisation of resources and helps in coordinating supply with demand.

 

  • Branches:

 

When talking about finance, there are basically three prominent branches in finance. These are namely public, corporate and personal finance. Public finance basically deals with the financial matters of the state. It is concerned with the larger public interest and is governed through policy decisions.

 

In economics, there are two subcategories. These subcategories are macroeconomics and microeconomics. Macroeconomics deals with the entire economy. It studies the elements vital in running the larger economies that vary from regional to the global level. Microeconomics on the other hand deals with the smaller and fundamental elements that govern the market. These fundamental elements form the basis of economic functioning.

 

  • Courses:

 

There is a range of courses offered by both the courses. Both economics and finance offer quite popularly opted and highly demanded courses. This segment discusses some of the most widely opted courses from economics and finance orderly.

 

COURSES IN ECONOMICS

  • Info economics– information economics deals with economic aspects related to the information field. It offers varying learning and job opportunities to individuals.

 

  • Development economics– In third world countries, development economics plays a vital role in the growth and development of underdeveloped economies.  Development economics focuses on socio-economic developmental aspects of the economy.

 

  • Microeconomic principles– Microeconomic principles are the founding principles of economics. It analyses market forces, demand and supply, prices and factors affecting these elements in the long and short run. 

 

  • Public policy– Economics in public governance is the study of public policies and their implications on the economy. It analyses the nature of economic public policies, their impact on growth and the rise of the economy.

 

  • Behavioural economics– It deals with the psychological aspect of the economic behaviour of the people in varying circumstances. It plays a significant role in understanding the aggregate behaviour of the market in times of ups and downs in the economic cycle.

 

COURSES IN FINANCE

 

  • Finance MBA– an MBA in finance is a very popular course among the masses. It offers wide-ranging job opportunities in the corporate sector. Finance MBA can be applicable to jobs regarding taxation, investment, financing etc. All the jobs in the sector offer decent pay to the employees.

 

  • Public accounting– knowledge in the field of accounting, tax management and auditing of finances constitutes the work of public accounting. It basically involves offering accounting services to other ventures. 

 

  • Financial risk management– Firms in the market are exposed to a series of risks including credit risk, investment risk, exchange, legal risks and risks related to market reputation and image of the firm. The study of financial risk management involves the study of financial risk mitigation and prevention. It is a preferred course due to its demand in every large and small firm.

 

  • Management accounting– The study of management accounting comprises techniques to manage risks, plan for the business strategies and manage other significant finance-related elements of the firm. It involves control and coordination of diverse but related elements in the financial sector.

 

  • Investment counselling– choosing a course in investment counselling involves advising clients on investment-related aspects. The advice tendered in financial matters should be well understood and free from possible financial risks. Investment counselling provides a safeguard against the possible risks to the capital invested and promotes wider investments.

 

  • Ease of learning:

 

Finance involves the general management of financial resources, while economics involves the application of complex math concepts like calculus. So it can be held that learning economics is harder than finance owing to the usage of mathematical concepts. While this is true for any average student, ease of learning also depends on the interest of the learner. Someone having sound knowledge of higher mathematics combined with an interest in economics can effortlessly learn economics.

CONCLUSION

Belonging to the market-related concepts both finance and economics are two diverse disciplines. Both disciplines provide different services for the functioning of the market. While comparing Economics vs. Finance, various aspects of both streams have been unearthed. One can now easily choose the subject that best suits their interests and natural capabilities.

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Education

The Growing Role Of Interactivity in E-learning: academia

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During the pandemic outbreak, the education sector was worst affected and has witnessed a tremendous transformation over the past decade, giving rise to the emergence of tech-enabled learning models. This new way of learning revolutionized the traditional classroom settings, and education today has metamorphosed into instant, online, flexible, and on-the-go learning.

There is an urgent need for continuous upskilling. Moreover, with the easy availability of the internet and democratization of technology, online education has witnessed a rapid surge across all learning phases and is embracing prominent e-learning to learn, educate and build specialization in the field of interest. 

 

Besides, the pandemic’s disruption has provided a platform to offer an opportunity to experience virtual and remote learning experiences beyond global boundaries.

 

However, new avenues and surge of learning models give rise to new e-learning platforms which brought more recent challenges. 

For learners, the classroom is a place offering the best learning environment – providing them with the opportunity to engage and can clear all their doubts with the subject matter expert, also learners can share knowledge and focus on the topic. 

 

Furthermore, this has created doubt about the effectiveness of the new online learning model and the learning outcomes associated with it.

 

Effective and Meaningful Learning:

 

E-learning is a remote learning experience and e-learning course effectiveness depends on factors like course content, learning modules, and delivery of sessions. However, digital tools are helping e-learning courses to be interesting, fruitful and meaningful for students.

 

Educational institutions around the world offering virtual courses rely on recorded audio-visual content i.e asynchronous learning, but this often leads to loss of interest among learners resulting in low learning outcomes. In contrast, new synchronous models of e-learning focus on providing students with a platform to interact live with the subject matter expert and an opportunity to communicate effectively through video.

 

In the case of synchronous learning, virtual engagement facilitates learners for real-time exchange of inputs and feedback. Moreover, educators also employ various tools and execute exercises to include small group assignments, quizzes, case studies, simulations, and group discussions. 

 

The rise of EdTech platforms worldwide brings transformation in online learning, exploring new ways to drive interactivity and virtual engagement. E-learning platforms have evolved to provide simulation-like classroom experience, by building new tools to develop interactive interface and screen time management. For online educators, this provides for greater control and complete visibility as students can raise questions and can use whiteboards as tools whenever required. Moreover, educators can organize a quiz, discussion, or any other group or project-related activities through digital platforms.

 

For an effective online teaching program, educators require the right study material and the right infrastructure. Besides meticulous planning, educators need to create a compelling, engaging, enjoyable learning environment for learners through specialized live interactive online courses. The disruption caused by the pandemic pushed a large segment of educational institutions and universities to make a considerable shift towards embracing education in an online scenario. Moreover, this also helps the institutions to evolve with this paradigm shift and keep pace with the technological transformation happening worldwide.

 

4 Ways of Increasing Interactivity in Virtual Classes:

 

Social Media Interactions


Social media tools can be used for better engagement and increase interactivity for learners. With the advent of social media tools, educators can facilitate better communication with the help of activity streams through social media. Also, social media enables learners to connect with the learners from the same community for collaboration and can be a great space to curate and share content, also aid learning and promote knowledge sharing.

 

Video Learning


Video has already found a significant place for itself in eLearning as a powerful interactive tool. Almost every e-learning platform incorporates this feature as a part of its eLearning strategy. Earlier videos were predominantly used for delivering a recorded lecture or session but today, videos are incorporated for better engagement and instant feedback can be provided to learners. Interactive video sessions can encourage the learners to think, analyze, act and interact with the professional trainer.

 

Virtual Reality


Virtual reality is another important tool to boost interactivity in eLearning. Today with readily available smartphone and tablet adoption with greater internet availability, virtual reality is making learning experiences more immersive and engaging.

 

Mobile Learning


Smartphones or mobiles being an interactive element in this digital age, proved to be a great facilitator of interactivity in online learning… Mobile learning provides customized, bite-sized content to be more specific to facilitate learning anytime, anywhere. Mobile learning helps learners to collaborate across social channels, and facilitate continuous learning. 

 

Virtual Learning Interactivity Benefits:

 

It causes a reaction

Online learning-induced interactivity can replicate real classroom settings.

Real learning is the result of simulations that provide learners with the opportunity to make decisions without taking real risks. eLearning experience makes learners go through an actual situation, and are encouraged to explore what will happen in case they succeed or fail. It encourages reflection.
Virtual learning integrates the eLearning content and encourages their involvement, as depending on their response, correct or incorrect, they receive feedback, which is a key element in a virtual face-to-face session.

 

Boosts Engagement

Every Learning session results in some sort of reaction; provocative questions allow learners to immerse deeply in interactive activities and engage learners in the learning process resulting in better learning outcomes. Virtual training should be learner-centred, which is a perfect framework for eLearning interactivity.

 

Enhances Knowledge Retention

Knowledge retention always comes from curiosity. Social media elements, scenario-based learning, simulation-life experiences, have the power to transform the boring digital lecture into an engaging and memorable eLearning experience.

 

With these changing times, personalized learning is now a trend in online learning and educators are finding new ways to increase interactivity in online learning and help them access content from anytime, anywhere.

 

CONCLUSION:

Using the interactive online learning engagement techniques enhances the benefits for learners in a modern tech-enabled online educational system.

Join academia , your online learning solutions, and learn in a different way for a better engagement experience and enhanced interactivity 

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Education

Productive Things for Students to Do Over the Holidays

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It’s that time of year again. Exams are just about done, and then the long comfortable break over the holidays.

 

It’s also about now that you start wondering what to do with yourself with all that free time. Although catching up on lost sleep seems like a fantastic idea, it’s counterproductive. Besides, one can only rest so much.

 

Most students want to be productive during the break, but few know how to achieve that. Whether you plan on spending time with friends taking advantage of all the great student discounts, or doing some voluntary work, being proactive and planning will help you achieve your goals. Projects that’ll get you started include:

 

Teach Yourself Something New

 

Learning a new skill is never a bad idea. It puts you ahead of your peers and always comes in handy later on in life. It does, however, take time, patience, and dedication. There are various holiday programs that tutor students on how to do new things. Alternatively, you can search for a book on the subject, or even Google it, and teach yourself.

 

Fill-Out Intern and Scholarship Applications

 

Now is the best time to apply. It’s not necessary to dedicate your entire break to this. However, spending a day or two filling out intern and scholarship applications will make a tremendous difference in your search. The more you send out, the better your chances of getting a positive response. 

 

It might also be a good idea to learn about new career prospects by arranging a job shadow or informational interview.

 

Do Some Voluntary Work

Choose a charitable or non-profit cause you care about and find a practical way to contribute to their effort. Whether you decide to help raise money or donations for an animal rescue center or clean up the beach is up to you. Most organizations will appreciate your assistance.

 

Stay Healthy

During the holidays, it’s essential to watch what you eat. Gradually start phasing out unhealthy food and work toward building a healthy diet. It’s also vital to follow an exercise routine. Set a realistic goal for yourself, and once you’ve achieved it, select another. Be sure to have someone to support you and reward yourself for each milestone achieved.

 

Get Lost in a Novel

 

Choose a novel from an author and genre that you enjoy and haven’t read before. Take the time and get lost in the fictional world created by the writer. Whether it’s a fantasy, crime, or love novel is up to you. Just make sure that you can indulge yourself in it. It’s bound to be an experience you won’t regret .tothetimes.com

 

To Wrap Things Up

 

While it’s essential to be productive, it’s also vital to have some fun. Use the ideas in this article or be creative and come up with your own. However, you don’t want to overwhelm yourself. Carefully plan your time and make sure to create a balance between rest and doing the rewarding things.  Best information

 

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