3.4 defects per million opportunities – This sound phenomenal enough, but Six Sigma is much more than that. It is a wave of curated improvements that has swept across industries since 1986 when it was first developed by Motorola. Six Sigma in itself can be termed as an industry of precision. There was a time when goals like reduce process cycle time, reduce costs, increase customer satisfaction, increase profit etc seemed scattered in terms of approach and relative in terms of results, but Six Sigma stands for achieving all this and a lot more in clear quantitative terms.
Let’s start off with the fundamentals of Six Sigma; Why Six Sigma?
Because process improvement to the level of 99.99966% of all opportunities are statistically expected to be free of defects and variation reduction through various tools and techniques gives a brand robust foundation in the industry, and Six Sigma professionals facilitate exactly that with a set of processes.
Primarily, Six Sigma is an industry-independent process and can be successfully applied across various sectors. Motorola, JP Morgan Chase, Johnson and Johnson, Honeywell and General Electric are some of the companies that have demonstrated exorbitant amounts of annual savings because of implementing Six Sigma. GE has estimated benefits to the order of 10 billion dollars during the first five years of implementation.
Six Sigma has been successfully applied across industries like Automotive, Aerospace, Health Equipment, FMCG, Electric Goods, Textiles, Telecom, Banking and Financial services, Healthcare, Hotels, IT, ITES, KPOs, Airlines, Cargo movement, HR services, Marketing services, R&D organizations etc.
Now, does that not sound like all the industries in the world?
It’s perfectly clear now why a Six Sigma belt is more like a feather on the cap. A company applying Six Sigma methods to its processes would have a team of certified professionals, and within this team each belt holder has a paramount role to play.
There are 4 types of Six Sigma belts; Black, Yellow, Green and master Black belt.
The yellow belt is the lowest level, in the terms that these professionals would be dealing with the actionable yet less significant points of the project. What makes this position important is that more often than not, a variation might creep in through these insignificant points of the project.
The next in hierarchy are Six Sigma Green belt holders. They generally have an overview of particular areas of the project and will be responsible for final delivery of defined benchmarks through the processes. The responsibility of data handling rests with this position.
The Six Sigma Black belt holders are mostly project managers and the master belt holders are essentially project consultants or trainers responsible for curating the entire process.
Let’s get to the point that really matters to us;
How can Six Sigma certification make one’s career lucrative and fulfilling?
According to the Six Sigma academy, Black belts helps companies save approximately $230,000 per project and the average Black belt salary is $80,000 p.a in the US and this isn’t the best part about the Six Sigma certification. Good monetary returns and a reflection of one’s contribution in the company’s success are two elements of a rewarding career and Six Sigma certification scores high on both these elements.
Six Sigma is not just about a set of tools; rather it is an approach that empowers you both as a professional and as a learner. Understanding Six Sigma can give so much more through the teaching of wider subjects like Financial Controls, Business Acumen, Engagement, lifting individual and organizational capabilities, Project Management etc. The list is endless, but what it really does is, give an opportunity for you to help any industry to be more effective and efficient in its delivery to customers.
With more than 99.99966% level of confidence we can say that a Six Sigma certification will add the kind of credibility to your abilities that have the potential to open the floodgates to millions of opportunities for you, out of which not even 3.4 would be in vain.
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