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Friday, 27 May 2016

An internship is a smart career move

  Unknown       5/27/2016 09:26:00 am       No comments    

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Accepting an internship can be a smart career move regardless if you are a freshman or a senior preparing for future graduation. What you want to do in life will be a point of discussion throughout your entire college experience and that’s why it is important to plan on how you will get the experience in a career field that interests you.
Waiting until you graduate to gain work experience can make you somewhat less competitive in the job market knowing that employers are naturally drawn to candidates who have work experience. Lauren Berger, CEO of Intern Queen, Inc. describes how internships helped her develop a broad view of different jobs and shares her advice on five key benefits that internships provide. She successfully landed 15 internships and the experience helped set the foundation for some great career habits that will follow you throughout the future.
Here are the five benefits that apply to both paid and unpaid internships:
• Hands-on education – the power of having hands-on experience is difficult to dismiss. No matter how hard you have studied there is nothing like working in an actual work environment watching how problems are solved and observing how management operates. It is important to gather as much hands-on experience as possible before you graduate.
• Networking – this is a lifelong area because your career opportunities are largely based on who you know and who knows you. As an intern, your job is to meet people. The managers and colleagues you meet during this time can serve as future contacts and help you with job leads. It’s important to keep in mind that observation is a two-way street and your future boss could be observing you as well. How you perform during your internship gives employers a glimpse of your future behavior as a possible employee.
• Resume building – an internship adds to your resume and to an employer it spells “experience” which makes you a stronger candidate once you enter the job market. The achievements reached during your internship will strengthen your resume accomplishments and give you results to talk about when interviewing. Work experience gained from an internship takes you out of the classroom and into a real business environment giving you a more in-depth understanding of what employers look for in candidates.
• References – working hard says a lot about you, but if those around you can’t validate your experience then your hard work can suffer. Making good impressions and developing professional perceptions are critical steps in your career. It’s important that you learn to develop good rapport with decision makers who can speak highly of your contributions and work style.
• Pursuit or elimination – I like the way Lauren describes this area and agree with her that too many students tend to put pressure on themselves by worrying about whether their internship experience will be successful. All internships are beneficial in more ways than one by confirming if you are on the right path or need to go in a different direction. Keep in mind that experience is valuable and can never be taken away from you. Experience adds to your background when writing your resume and helps shape your knowledge of what direction you want to pursue.
There is stiff competition in landing a job, and it pays to focus your time and energy on gathering work experience and building relationships while you are in school.
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Tuesday, 17 March 2015

Safaricom bundles: Validity vs volume trade off

  Unknown       3/17/2015 10:25:00 am       No comments    

It will cost more for Safaricom subscribers wishing to buy bundles of longer validity, it is emerging. According to the terms and conditions of the new bundles seen by nation.co.ke, subscribers will get a smaller data allowance on a 90-day validity plan than they would under other tariffs. PHOTO | FILE
It will cost more for Safaricom subscribers wishing to buy bundles of longer validity, it is emerging.
According to the terms and conditions of the new bundles seen by nation.co.ke, subscribers will get a smaller data allowance on a 90-day validity plan than they would under other tariffs. 
The 90-day bundles were introduced after riled Safaricom subscribers took their anger online to protest new bundles unveiled on March 1. 

The company’s website said the company introduced the new Internet bundles to give customers more data therefore making Internet browsing more affordable.

Customers have a choice between daily, 7-day and 30-day bundles. The bundles come with a bonus nightshift allowance valid between 10pm and 6am for the duration of their bundles. 

Rather than celebrate, subscribers took exception to the short shelf life of the bundles, whose validity could not be extended. All MBs left unused after the validity period expires would be forfeited. 
“Any data bundle not consumed within its validity period will be deleted and won’t be available for use,” Safaricom’s rules for its new bundles said. They added: “It is not possible to extend expiry… by purchasing newer bundles.” 

VALUE PROPOSITION
In a move to appease its customers, the telecommunication company launched parallel Internet bundles with a validity of 90 days. 

The parallel bundles do not in any way interact with each other and cannot extend the validity of the other. 

Safaricom’s director of corporate affairs, Nzioka Waita, told Business Daily that the review was effected to address complaints from customers who wanted longer validity periods for their data bundles. 

“The longer 90-day validity period is a response to our customers’ need for a longer validity bundle beyond 30 days based on their usage behaviour,” said Mr Waita. 
“Subscribers can now purchase data in daily, weekly, monthly or extended 90 day bundles, with the opportunity to earn up to the equivalent amount of free data on select bundles. For instance, if a subscriber buys a 2GB bundle, they pay just Sh1,000 and get the equivalent for use as free night time data,” he said. 

Mr Waita, however, fails to mention that those opting for the 90-day bundle would be at a disadvantage. 

According to the pricing structure on the company’s website, the 90-day bundles come with half the bundle’s equivalent in nightshift allowance, which is valid for only 14 days. 

Mr Waita also said the telecommunication company also introduced a high-capacity bundle. 
“Our new bundles proposition allows subscribers to buy amounts of data ranging from 5MB of data for just Sh5 to larger packages for 50GBs (the highest capacity data bundle ever seen in the market) for just Sh6,750.” 

Alongside the new bundles, Safaricom capped Sambaza Internet at 20MB per day and while extending the nightshift allowance to cover the duration of bundles’ validity, it reduced the hours from 10am to 6am.
Safaricom is the largest telecommunication company, with over 17 million subscribers, 10.5 million of whom use mobile data, according to the latest report by the Communications Authority of Kenya.
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Kenswitch adopts localised chip-and-pin cards

  Unknown       3/17/2015 10:20:00 am       No comments    

Kenswich Managing Director, George Wainaina (Centre) with the Transnational Bank general Manager, Farid Sheikh at a Kenswitch ATM using the new Pin-and-chip card. PHOTO | COURTESY
Kenswitch has partnered with Trendmak, a local IT company to roll out chip-based payment cards to support banks migrate to the new secure platform without incurring extra costs.
The move will hasten adoption of the more secured cards from the fraud-prone magnetic stripped cards currently in the Kenyan market.
“A lot has been put in place to ensure the ecosystem is ready to accept chip-based card transactions in terms of upgrading the ATM and PoS hardware and software for driving these terminals. The card is local and cost effective targeting the local market,” said Kenswitch managing director George Wainaina during the card launch held at Transnational Bank headquarters in Nairobi.

LOCAL SOLUTIONS
Trendmak, a business and IT retail banking firm will provide the new cards which its executive said was safe and secure and met global specifications.
Speaking during the launch, Trendmak Chief Executive Officer, Geoffrey Manene said this will be the first local private label EMVCO chip card. “We assure our clients that the quality and security of its products are not compromised. In this regard we have carefully vetted and engaged credible international suppliers as partners” he added.
Transnational bank, the first institution to adopt the new cards, says the partnership emphasized the need of local financiers to support local enterprises.
“We do not need to look beyond Kenya for solutions when within our motherland lies the potential for even greater and more specialized solutions,” said its chief executive Sammy Lang’at during the launch.

The new cards come at a prime time when banks are migrating to higher-security cards as a regulatory demand.
This has seen lenders battle with logistic and financial challenges associated with Europay MasterCard Visa (EMV) certification, importation and personalisation of the new compliant cards.
“The enhanced security features on the card will go a long way to ensure that card-related frauds become a story of the past. It is also an assurance for all our customers of the safety of their funds as they access their accounts through our various channels,” added Mr Lang’at.
The new cards can be used at all 1300 Kenswitch ATMs in 110 towns across the country.
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