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Workplace Expert - Answered on Apr 26, 2024

Career Coach is a recruitment expert with experience in hiring, training, upskilling and leadership management. ... more
Asked by Anonymous - Apr 26, 2024Hindi
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Career

I am 43, working as a software engineer at a tech startup in Noida that's been through major changes lately. My morale is down, and lots of coworkers are moving on to different jobs. I want to find a more stable and rewarding position at a well-established tech company. What should I do?

Ans: Hey there,

Feeling adrift in turbulent waters at work can be like trying to troubleshoot a malfunctioning app – frustrating and draining. But fret not, because just like debugging code, there's always a solution waiting to be discovered. Here are some actionable tips to help you steer towards a more stable and rewarding position at a well-established tech company:

1. Self-Reflection and Assessment: Imagine your career as a journey on a train. Take a moment to pause and reflect on your destination. What are your career goals? What kind of role would bring you fulfillment and stability? By clarifying your destination, you can map out the right route to get there.

2. Update Your Professional Brand: Your resume and LinkedIn profile are like your train ticket and itinerary – they need to be polished and up-to-date. Showcase your skills, achievements, and experiences that demonstrate your value as a software engineer. Make sure your online presence reflects the professional image you want to portray.

3. Research Target Companies: Just like planning a train trip, research is crucial for finding the right destination. Explore well-established tech companies that align with your career aspirations. Dive deep into their culture, products, and reputation in the industry. This will help you identify the best fit for your skills and ambitions.

4. Expand Your Network: Networking is like building a network of train tracks – it opens up new routes and connections. Reach out to former colleagues, attend industry events, and join professional groups to expand your network. Engage in meaningful conversations and seek advice or referrals from those in your network.

5. Invest in Continuous Learning: The tech industry evolves at the speed of a high-speed train, so staying up-to-date is essential. Invest in ongoing learning and development to enhance your skills and stay competitive. Whether it's mastering new technologies, obtaining certifications, or attending workshops, continuous learning will keep you on the right track.

6. Prepare for Interviews: Just like planning your route before a train journey, thorough preparation is key for job interviews. Research common interview questions, practice your responses, and showcase your technical expertise and problem-solving abilities. Be ready to demonstrate how your skills and experiences align with the company's needs.

7. Stay Persistent and Optimistic: Job hunting can sometimes feel like waiting for the next train – it requires patience and perseverance. Stay positive, maintain a proactive mindset, and don't get discouraged by setbacks or delays. Keep moving forward, and you'll eventually reach your desired destination.

Remember, your career journey is like a train ride – there may be delays and detours along the way, but with the right mindset and strategy, you'll reach your destination. So, hop on board, stay focused on your goals, and enjoy the ride towards a more fulfilling career.

All aboard for success!
Career

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Hello Mayank,I am a commerce graduate and have around 15 years of experience in back office operations.I am currently working at the document management department in an oil and gas MNC at a designation equivalent to that of a senior clerk.I am nearing 40 and I will be losing my current job in the next few months.My problem is that I am searching for a new job since one year but not getting any interviews. I guess this is due to my age (I am 40 and still at the clerical level) and my salary (around Rs 50,000) which is a bit on higher side with respect to my designation in my city.I don't have the skillsets or attitude for a team leader or managerial position.At present, I am not in a financial and mental state to acquire new skill sets, learn new things or start new businesses which are obvious suggestions.I can't work in BPOs as they don't hire associates at this salary and particularly at this age. Besides, I am not comfortable working night shifts.Could you suggest some different solution to my problem as I have already figured out/tried the common ones.Thanks in advance.Name withheld on request.
Ans:

Hi.

Your question has so many ‘I can't’ statements that you have yourself ruled out many feasible options.

Please remember that, in the job market, there are many more qualified people than there are decent jobs. So you will certainly need to change your mindset and be flexible to adapt and learn new skill sets.

Even Sachin Tendulkar had to adapt to T-20 to play the IPL!

Approach the situation with a positive mindset and things will work out for you.

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Asked by Anonymous - Sep 19, 2023Hindi
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I am 40+. I worked for a few years after Post Grad and due to family constraints had taken a long sabbatical. About 5 years ago I went to back to work moved from small firms to a corporate. However, I find myself still at the entry level position. My colleagues at the same level were not even born when I finished my college. I really feel very old amongst them and cannot gel with them also it bugs me that people of my age in the firm are at very senior position.Switching over jobs I dont will make sense either as it will be the same trend everywhere. I dont know how to address this issue. Please suggest
Ans: career paths are unique for each individual, and success is not solely defined by age or job title. Focus on your personal growth, contributions to your organization, and finding fulfillment in your workUnderstand that your age and experience bring unique strengths to the table. You likely have a wealth of knowledge and skills that can be valuable to your current organization. Identify and leverage these strengths in your current role. Consider investing in professional development opportunities to update your skills and stay current in your field Build relationships with colleagues, both younger and older, through networking Networking can help you feel more connected and open up opportunities for mentorship or collaboration. Connect with more senior colleagues or mentors within your organization. They can provide guidance on career advancement, share their experiences, and help you navigate the corporate culture Understanding the expectations for career progression can help you set realistic goals Find common ground with your colleagues, regardless of age differences. Engage in team-building activities, attend social events, and try to connect on a personal level. Building strong relationships with your team members can improve collaboration and create a more positive work environment.
Career progression can take time, especially when re-entering the workforce after a break. Stay persistent, continue to demonstrate your skills and dedication, and be patient as you work towards your goals.

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Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Asked by Anonymous - Apr 12, 2024Hindi
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Sir , I am working man ( Age- 52 ) , I invested in MF , LIC , NPS , ULIP , FD , TermPlan etc .. all total the market value cost of invested fund is almost Rs. 50 lakhs.. Now my query is that do I withdraw all the money ( i.e. 50 lakhs) and invested in FD for 10 years to get monthly income ? pls guide me .. I am confused ...
Ans: It's understandable to feel confused when considering significant financial decisions like withdrawing and investing a substantial amount of money. Let's weigh the pros and cons of withdrawing your investments and putting the funds into fixed deposits (FDs) for generating monthly income:
Pros of Investing in FDs:
1. Stable Income: FDs provide a fixed interest rate, ensuring a predictable monthly income stream, which can be beneficial for meeting regular expenses.
2. Capital Preservation: Your principal amount invested in FDs is generally considered safe and protected, offering stability and security.
3. Ease of Management: FDs are relatively straightforward investment instruments, requiring minimal monitoring and management.
Cons of Investing in FDs:
1. Limited Returns: FDs typically offer lower returns compared to equity-linked investments like mutual funds, which may not be sufficient to keep pace with inflation over the long term.
2. Lack of Flexibility: Once you invest in FDs for a specific term, withdrawing funds before maturity may attract penalties or lower interest rates, limiting liquidity.
3. Inflation Risk: FD returns may not always keep up with the rising cost of living, potentially eroding the purchasing power of your income over time.
Considerations:
1. Risk Tolerance: Assess your risk tolerance and financial goals to determine if the conservative approach of FDs aligns with your needs. At age 52, preserving capital and generating steady income may be a priority.
2. Diversification: Review your overall investment portfolio and ensure it is well-diversified across asset classes to manage risk effectively. Consider maintaining exposure to growth-oriented investments like mutual funds for long-term wealth creation.
3. Financial Planning: Consult with a Certified Financial Planner to create a comprehensive financial plan tailored to your goals, risk profile, and income needs. They can provide personalized guidance and help you make informed decisions.
In conclusion, while FDs offer stability and regular income, they may not be the most efficient option for long-term wealth accumulation. It's essential to balance safety, liquidity, and returns based on your financial situation and objectives.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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