So, you think you’re acing your job interview.
Your interviewer seems to like you. You like your job interviewer. The camaraderie couldn’t be better.
Then comes the proverbial: “So, what questions do you have for me?”
Whether you’re interviewing for a job at Google or joining your local small business, the questions that you ask your interviewer matter. It’s your opportunity to showcase your talents, knowledge, and judgment.
Here are 5 questions that you should never ask during a job interview (and three more that you should).
1. “So, how much will I get paid?”
This seems like a no-brainer, but for some reason, interviewees still think the question is fair play.
That said, it is a fair question. After all, you need to know how much you’ll be paid before you take the job. While that’s true, the interview is not the time to discuss salary.
If you receive a job offer, you can discuss salary at that time.
2. “How much vacation time will I get?”
Again, your vacation and personal time might be an important part of your calculus when deciding to take a job offer.
However, asking how much vacation time you’ll get demonstrates you’re focused more on time off than working.
Like salary, your vacation and other benefits should be reflected in the job offer. You can ask all the questions related to salary and benefits at that time. You can also schedule a follow-up session with the human resources department for a benefits deep-dive.
3. “How quickly can I get promoted?”
Climbing the ladder of your potentially new organization is admirable.
However, don’t assume during the interview that you have the job. It’s important to understand options for movement – both upward and lateral – within the organization. If you plan to work at this organization, it’s essential to understand your career trajectory.
You don’t want to come off as entitled. This question may convey to the interviewer that you think you already have the job (when you don’t).
4. “Why did the company fire so many people last month?”
It’s never a good sign to read about layoffs.
This is especially true when you may be joining an organization after a big headcount reduction.
It’s a fair question, and you should understand the details. However, the job interview is the wrong time.
When you receive your job offer, you can have a frank conversation with your manager about the layoffs, the rationale, whether additional layoffs are expected and other related information to fortify your understanding.
Before accepting a job, make sure to understand if the headcount reduction is expected to be ongoing or if it was a one-time occurrence.
5. “So, who do you consider your competition?”
Instead of asking your interviewer about the competition, spend the time asking questions that demonstrate your interest in the company and also show that you’ve done research prior to your interview.
Before the interview, you should have conducted due diligence on the competitive landscape.
That includes understanding key competitors, relative strengths and weaknesses, the supply chain, key opportunities and threats, barriers to entry and other pertinent market dynamics.
You’re better off weaving this information into the interview, rather than asking during the question period.
3 Questions That You Can Ask During An Interview
Here are three potential questions that you could ask during your job interview:
1. “What are the best attributes of the company’s culture?”
- Show your interest in company culture.
- Understand the key values that set this company apart.
- Learn more about the company’s mission and value proposition.
2. “How much is collaboration across departments encouraged?”
- Determine whether collaboration is promoted internally.
- Learn more about ways in which collaboration helps create value for employees and customers.
- See if the interviewer can share concrete examples to further your understanding.
3. “What would you like the person that you hire to accomplish over the next 6-12 months?”
- Learn about your interviewer’s goals for the position.
- Understand expectations.
- This will give you insights because the question is specific to the role and shows your ability to think longer-term.
- -Zack Friedman
Coca Cola South Africa Improves SME Role In Value Chain
Coca Cola Beverages South Africa (CCBSA) launches an R20 million fund for small supplier development and procurement, annually, for the next five years.
This was announced by the Financial Director, Walter Leonhardt at Gallagher Convention Centre at the third annual Supplier Development Conference.
CCBS is the South African-based subsidiary of Coca-Cola Beverages Africa (CCBA).
Leonhardt said the purpose of this fund is to assist young upcoming black entrepreneurs in the Coca-Cola value chain.
“We are, today, launching the CCBSA supplier fund of access to funding. To address the issue of access to funding which most SMEs experience,” said Leonhardt.
This will enable the entrepreneurs’ procurement process to be easier.
“It is to help them buy equipment, fund working capital and to help them overcome something we have identified as a challenge for upcoming businesses, which is access to capital on quit lenient terms,” said Leonhardt.
Budding entrepreneurs can visit their website to find out how they can access the funds.
There were over 120 suppliers of CCBSA in attendance.
Managing director of CCBSA Velaphi Ratshefola said they spent R2.35 billion last year, supporting 567 black-owned suppliers, of whom, 265 were black female owned suppliers.
“So for me, it is clear that this is working. We have helped create a very inclusive economy. We need to play our part and we need to ensure that only through an inclusive growing economy we can create a stable environment where businesses can flourish.
“If we do not have a stable environment, a stable economy, we will have a lot of disturbances which are never good for business,” said Ratshefola.
“So for all of us, we should not do it just for social reasons, we must do it for the success of businesses and imperative,” said Ratshefola.
Zimbabwe Central Bank Borrows $985 Million From African Banks
Zimbabwe’s Reserve Bank has borrowed $985 million from African banks to purchase fuel and other critical imports with current reserves covering imports for just four weeks, underscoring the severity of dollar shortages, governor John Mangudya said.
The southern African nation last month ditched a discredited 1:1 dollar peg for its surrogate bond notes and electronic dollars, merging them into a lower-value transitional currency called the RTGS dollar.
Mangudya said the central bank borrowed $641 million from the African Export and Import Bank, $152 million from Eastern and Southern African Trade and Development Bank, and $25 million from Mozambique’s central bank, among others.
The loans, which would be repaid from future gold earnings, have a tenure of between three and five years and attract an interest of up to 6 percent above the Libor rate, Mangudya said.
Gold is Zimbabwe’s single biggest mineral export earner, accounting for a third of its $4.2 billion earnings last year after a record output, central bank data shows.
“These loans are well structured facilities contracted last year. They will be paid from future (gold) export receivables,” Mangudya told a parliamentary committee.
The central bank takes 45 percent of dollar sales from gold producers and half from other miners to fund imports like fuel and power and repay foreign loans.
But the miners only have 30 days to keep their dollar balances in local foreign currency accounts, after which they must sell them. The companies have asked the central bank to extend the period they may keep their dollars to 90 days, according to mining executives.
Unable to get funding from foreign lenders like the International Monetary Fund and World Bank due to arrears of more than $2.4 billion, Zimbabwe has looked to financiers from the continent and local banks to shore up its budget.
The central bank chief said Zimbabwe had just $500 million in reserves, enough to purchase four weeks’ worth of imports.
Mangudya said government borrowing from the central bank reached $2.99 billion in December, about three times its permissible overdraft limit.
President Emmerson Mnangagwa’s government has promised to curb borrowing in 2019 under reforms to revive the southern African economy, after the budget deficit soared last year following a spike in spending ahead of elections.
Finance Minister Mthuli Ncube said last week that the local RTGS dollar, Zimbabwe’s new de facto currency, will be backed up with fiscal discipline and the government would allow it to fluctuate but would manage excessive volatility.
On the interbank forex market on Monday, one U.S. dollar fetched 2.5 RTGS dollars, the same rate as on Feb. 22 when the central bank sold some dollars to banks. That compares to a rate of 3.5 RTGS dollars per U.S. dollar on the black market. -Reuters
Volvo To Limit Car Speeds In Bid For Zero Deaths
Volvo Cars said on Monday it will introduce a 180 km per hour (112 mph) speed limiter on all new vehicles as the Swedish automaker seeks to burnish its safety credentials and meet a pledge to eliminate passenger fatalities by 2020.
While Volvo, whose XC90 flagship SUV currently has a top speed of 212 km/h, has made progress on its so-called “Vision 2020” target of zero deaths or serious injuries, Chief Executive Hakan Samuelsson said it is unlikely to meet the goal without additional measures to address driver behavior.
“We’ve realized that to close the gap we have to focus more on the human factors,” Samuelsson said. Volvo did not elaborate on the data but said its passenger fatalities were already well below the industry average before the goal was announced in 2007.
In addition to the speed cap, Volvo plans to deploy technology using cameras that monitor the driver’s state and attentiveness to prevent people driving while distracted or intoxicated, two other big factors in accidents, Samuelsson said.
The company is also looking at lower geo-fenced speed limits to slow cars around sensitive pedestrian areas such as schools, while seeking to “start a conversation” among automakers and regulators about how technology can be used to improve safety.
Volvo, which is owned by China’s Geely, announced the new speed limitation policy on the eve of the Geneva auto show, where its new Polestar performance electric-car brand is showcasing its second model, the Polestar 2.
While Volvo buyers often choose the brand for its safety, Samuelsson conceded that the speed cap could be a turn-off for a few in markets such as Germany, where drivers routinely travel at 200 km/h or more on unrestricted autobahns.
“We cannot please everybody, but we think we will attract new customers,” the CEO said, recalling that the roll-out of three-point seat belts pioneered by Volvo in 1959 had initially been criticized by some as intrusive.
“I think Volvo customers in Germany will appreciate that we’re doing something about safety,” he said. -Reuters
– Laurence Frost; additional reporting by Esha Vaish
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