Translate

SWOT Analysis for Skills Development in Employees

SWOT Analysis

SWOT Analysis for Skills Development in Employees

By Dr. Lalit Kumar Setia |  @drlalitsetia  |  drlalitsetia@gmail.com  |  September 8, 2018 7:50 p.m. PDT
The strengths and weaknesses are those internal abilities on which basis, a person is either able or not able to achieve a specific objective. Which things are not in the control of a person are known as opportunities and threats. If there are weaknesses (lack of internal abilities) in a person and he gets chances from external environment to eliminate the weaknesses, those chances will be known as opportunities. The strengths of a person makes him skilled and he becomes capable to earn money.

Commitment for achieving Goal: 

If you have decided that this is my goal and that will definitely be achieved by me. Then you will be more attentive because accordingly you will build your staff, connections, network and you will be ready to go through the required steps for achievement of goals.  

Communication Skills: 


It is must to examine and identify the level of communication skills. Effective communication skill is considered as strength while lack of communication skill considered as weakness. The communication skills help each individual to state his problem in a proper way either in written mode or in verbal state. If a person is able to sort out his complaints or problems by discussion with others, then your communication skills are effective.

Interpersonal Skills:




These are also known as negotiation skills. Through these skills, a person utilizes his abilities by his speech and transforms the things according to his requirements. In a certain situation of conflict, a person identifies the root cause of the conflict and then using interpersonal skills, the person transforms the situation in his favour; that is the real use of interpersonal skills.

Caring Nature: 




Suppose any work is stopped and you are also unable to do that work. If you are of caring nature, then your colleagues and staff will definitely support you and they will also help you in getting the work done. But if you are not equipped with caring nature then your image will be dented in the minds of others. Even if you are competent to perform a task, the others will intervene to make your work suffered. That can also be happened due to lack of caring skills.

Knowledge of rules:  




If you are equipped with this strength, then more than 50% work becomes easy in government offices. You will remain conscious what should be done and what should not be done. If you are not enough aware of rules, then you are unconscious about the rules and in such case, if something wrong is happening in your office, even then you will not be able to realize the wrong things being happened.

Interpretation Skills:




Suppose you received a circular but you have doubt in interpreting the written content of the circular. Means you are unable to interpret either the terminology is difficult or your perspective is different and you have doubt to interpret the real sense of the circular. The circular contains such words which are deriving multiple meanings. Normally, such circulars are issued in offices and in that case, the sense of letter is mis-interpreted by the employees in order to get their work done as per their convenience. The intention or objective behind each issued circular, order, or letter is normally hidden and doesn’t communicated by the government. Because the objective is not known or silent for the employees, it becomes impossible to clearly interpreted the letters. In case, an employee is well equipped with the interpretation skills then to a great extent, he becomes successful in clearly interpret such letters.

Maintenance of Daily Expenditure:




If you keep the track record of day to day expenditures being spent in your office, then you will be able to accurately estimate the budget for the next financial year. Generally, what happens in offices during budget estimation, just pick the estimates sent in previous year, add 10% or 20% more in the same amounts and then send as current year’s budget estimates. But in case, an office maintains record of day to day expenditures properly then that record helps in accurate estimation of the budget. If the statements are available of monthly expenditures, quarterly expenditures then the head of office can confidently state that next year, my office expenditures will be approximately of such and such amount.

For example, let us take an example of your domestic expenditures. Suppose you get the salary and then require to estimate how much to save and how much to spend in the beginning of the month. If you are maintaining the record of your monthly expenditures, then you can save & invest a particular amount in the beginning of the month and even you will not face any problem during the month due to such saving. But if you have no record of monthly expenditures, then there will be no problem. However, a person should keep a margin of safety for uncertain activities which can happen. For example, in case of inflation, it is possible that the monthly expenditures during a particular month exceed than the previous month. 

You may have seen the process of estimating the amount going to be incurred in a work contract. When you invite a tender if the tender is of one year. The firm or vendor applying for the quote always keep in mind those factors which can create the sufferings in execution of the contract and keeps a margin of safety to contain such uncertainties. The firm or vendor quantifies various risks related to quality control, inflation and for each risk, a certain amount is added in the quote, so that the chances of loss from that work contract can be reduced. The process of quantifying the risks and adding value in quote. Similarly, a head of office can also keep a margin of safety in estimating the budget for the official works. However, if there is proper record of actual expenditures available with the head of office, then he can more accurately estimate the amount of expenditures.

Today, all participants have completed the SWOT Analysis, this analysis can be done at any time in future even with sitting in your offices. After such analysis, you be aware how to know the strengths and weaknesses. The SWOT analysis also tells you where you require to improve your internal abilities.

How to collect data and information:



if you are committed and you are conscious regarding your incompetency or weaknesses. After being conscious (i.e. aware of your incompetence), you require to gain knowledge in the concerned area. Without knowledge, the commitment is useless. The commitment works after gaining knowledge. It is commitment that transforms the knowledge into the skill. When a person become habitual for a particular work by performing it again and again; then it becomes part of his personality known as attitude. There are three terms i.e. K, S, A. These terms are related to training, Knowledge, Skills, and Attitude. If you have knowledge and you adopt the knowledge in practice, it will become skill. After gaining the skill, when practice become too much that the skills imparted in the personality in the form of habit, it becomes attitude. In order to build up the image and realize success in life, a person should enhance all the three. These three things are so powerful that a person can become from Zero to Hero; given the person took these three things seriously and gain with concentration and commitment.
After SWOT Analysis, the areas of weaknesses which are due to lack of knowledge, then the areas are required to be improved through gaining the knowledge by exploring the internet.
There are two things which are most popular to gain knowledge through internet i.e. Google and Youtube.


No comments:

Post a Comment

Happy to hear from you. Please give your comments...

Auto_1

Horizontal Responsive1

Popular Posts

LoP_1

Special Offer!

Funny Baba

Free Seminars

Featured post

Dr. Lalit Setia CV

Free Notes

Tips to Grow

Earn Money

Popular Posts

Free Download

Tax Saving

Fun in Life

Labels

Professional Guidance Government Income Tax Tax Deduction at Source General Knowledge Important Questions Income Tax TDS Accounting Deduction Governance Haryana Income Tax Return Latest Questions Competitive Examination Current Affairs Drawing and Disbursing Officer Audit Auditing Covid Financial Financial Management Financial Terminology Goods and Services Tax India Knowledge Lalit Kumar Lalit Kumar Setia Money Skills Tax Planning Virus Accounts Attitude Banking Compliance Currency Economic Problem Employee Facts Free Notes Functions GST Government Accounting Government eMarketplace Incomes Information Interest Omicron Virus Organization Payment Science Scientific Causes Section 80C TDS on GST Tips Tricks Very Important Questions answers Administration Advance Tax Anti-Virus Automatic Back Up Balance Sheet Bitcoin Certificate of TDS Computer Control Corruption Creativity Cryptocurrency DDOs Deductions Deductor Deductors Development Dr. Lalit Kumar Duties EPS Economy Employer English Evaluation Example Expenditure FAQs Finance Financial Accounting Financial Administration Financial Control Frustration GeM General Studies Geography Google HRA Information Technology Investment Life Management Meditation Omicron Performance Planning Positivity Process Procurement Public Public Administration Public Services Purchase Matters Questions on General Studies Resources Resume Saving Services Stress Success System Tax Collection Taxable income Technique Technology Tender Training Trust 26AS 80GG 80GGC AIS Statement ATM Abatement Abbreviations About Dr. Lalit Setia Accountant's Duties Accounting Heads Accounting Standards Accounts Branch Accrual Accumulated Fund Act Action Administrative Admissibility of DA Advance Allowance Almighty Amalgamation Amazon Amount Amrapali Group Android Annual General Meeting Annual Information Statement Anomaly Anti-Corruption Anti-virus Protection Antonyms Appraisal Appreciation Arbitrator Arrears Articles of Association Asset Auctio Audit concerns in procurement Automated Teller Machine Automatic Teller Machine Autorised Capital Average Award Bad Debts Balance of Payments Bankrupt Barter Benchmark Bhagat Prahlad Bid Bikaner Bio-Data Bitcoins Bitcoins Network Block Chain Blood Breathing Bribe Buddha Budget C M Window CV Canada Cards Caring Nature Cash Book Cash Flows Central Bank Chapter Character China Clerks Commitment Common Man Communication Communization Competitive Examinations Computation Computer Virus Computerization Conflict Contacts Contribution of Employees Corona Crime Crude Oil Culture Curriculum Vitae Custody Cyber Cybercrime Data Dearness Allowance Debit and Credit Decision Making Deduction under section 80GG Delay in Service Delhi Department Dera Sacha Sauda Desktop Devices Digital Transformation Double Click Double Entry System Dr. Lalit Setia EPF Earnest Money Deposit Earning Money Economic Growth Electronic Payment System Employment Energy Solutions Environment Evasion Examination Exempt Exemption Exemptions Expenditures Experience Exploitation Facebook Failure Festivals Final Accounts Financial Rules Financial Statements Formula Frauds Games General Generation Gap Goals Google search bar Government Deductor Government Officers Grades of Employees Gurmeet Ram Rahim Singh HRMS HUF Harish Chandra Higher Education Hindu Undivided Family History Home Loan House Building Advance House Property House Rent Allowance How to stay protected Human Resource Management System Humanity IAS Officers IT Skills ITR Importance Income Statement Income Tax Changes Income Tax Refund Income and Expenditure Account Income from Gifts Indirect Cost Innovation Internet Interpersonal Interpretation Inventory Inventory Management Investigation Investments Irregularities Jiomeet App Jokes Kids Labour Laptop Laundering Leadership Leadership Tussle Learn Learn English Learn Excel Shortcuts Learning Ledger Ledgers Liquidity Logical Lokpal Lost Crypto currencies Love MS-Office MS-Word Maldives Mankind Mask Material Mathematics Matters Meaning Measurement Equipment Meerabai Messages Methods Minimum Income Scheme Misuse Mitigation Mobile Monitor Monitoring Morality Motivation Mumbai Lockdown NPS National Highways National Pension National Pension System Nationwide Payment News Non Performing Assets Non-performance Official Life One Liner Questions Outstanding PAN number Pakistan Parents tips Pebbles Penalty Pension Per Day DA Petroleum Phonebook Practices Prevention Prices Prime Minister Private Gain Probability Problem Procedure Protection Publica Publishing Purchase Question Quotation Quotes Rational Decisions Rebate Reforms Register Registration Relationship Rent Paid Reporting Research Retirement Robert Vadra SAP SWOT Analysis Saint Ravi Dass Salaries Saudi Arabia Scam Scientific Searching emails Section 234 (a) Section 234 (b) Section 234 (c) Section 87A Security Security of Bitcoins Self Growth Shortcut Smashwords Social Activists Software Space Speculation Spyware Standard Deduction Standard Deduction on Salaries Standards Statistics Story on Husband and Wife Study Material Sugamya Pustakalaya Superintendent Symbols Symptoms of Omicron Synonyms TA Rules TAN TDS Payment Talent Search Tax Credit Taxation Taxpayers Techniques for fast and efficient work Thought Tips for Students Toddlers Tools of Rulers Tourism Trial Balance Type UCP Uncertainty Unemployment Uniformity Unique Code of Payee United States of America Users Using Asterisk Using Quotes Using Site Using minus Utilization Utilization Certificate Vigilance Bureau Whatsapp Working Capital e-Payments e-filing eMarketplace eProcurement financial procedures gmail immunity innovative solutions pandemic records management red-handed speed vaccine बैंकिग मापने वाले यंत्र राष्ट्रीय राजमार्ग

Happy Moments

Learn and Update

Popular Posts

Auto_1

Horizontal Responsive1