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Earn while you learn

These days when competition is so high. Youngsters are looking forward to that organisation which provide on job training.

india Updated: Aug 07, 2006 14:06 IST

These days when competition is so high. Youngsters are looking forward to that organisation which provide on job training. Parsec Loans also comes in the same category. A company, which provides on job training to fresher.
Parsec Loans is the mortgage loan originsation division of Parsec Interact Inc, which is the leading provider of mortgage services.

Unlike a BPO running mortgage process for a client, Parsec Loans is an end-to-end mortgage company helping individual prospective borrowers to get their loan funded from start to finish. The mortgage consultants are well educated, well equipped and geared to provide excellent service with the quickest turnaround time valuing every interaction as a part of a long-term relationship.
Based in California, USA, with branch operations in India (Gurgaon) the company was founded by the alumni of IIT and IIM Ahmedabad - Prabhat Agarwal and Rajeev Minocha.

"The on- the- job training is about learning to implement theoretical knowledge in an appropriate manner. It helps by equipping employees with both theoretical and practical knowledge. Knowledge about a particular field is great but it is best to know how to apply this knowledge, on the job training helps in improving the comprehension and analytical skills of an individual", says Prabhat Agarwal

"One hand it improves the domain knowledge and on the other it helps in improving the soft skills of the person because they are exposed to the practical nuances of a job. The experience thus gained is complete in all respects and help a lot in the growth of an individual both personally and professionally", he adds.

Candidates with the right aptitude and experience are considered for the job. And those who work there are having a good experience. "Working with Parsec has been an enriching experience for me because I got the right training and mentoring. The structured intervention program at Parsec helped me improve in areas in which I lacked. Today I feel far more capable to handle my job better. The domain knowledge gained in Parsec will surely result in a bright future", says Gauri Pandey employee of Parsec loans.

Discussing the future plans Prabhat Agarwal says, "We are planning to ramp up our employee strength to about 1000 employees in the coming 2 years. Our major focus in the coming years is on developing the right skills so that they are able to handle their jobs in the best possible way.

"We provide training at various levels to our employees - induction (to help them understand the industry and their role), structured interventions (to help them do their do their current job better), on going training (to add further value to the job and to an individual's overall development), developmental training (to help employees get prepared for their next roles).

"On the job training is an important element in our training programs at every level and we are constantly working to recognise individual skill sets and improve upon them. Our future plans focus on constantly improving and bettering our training programs."

During the last four years Parsec Interact has played a pioneering role in setting new standards in the global delivery model in the mortgage industry. These high standards and best practices have helped Parsec carve out a space for itself in the robust $6.8 trillion US Mortgage Industry.

First Published: Aug 07, 2006 14:06 IST