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Harsh

Harsh Bharwani  |63 Answers  |Ask -

Entrepreneurship Expert - Answered on Jul 04, 2023

Harsh Bharwani is a fourth generation entrepreneur.
As CEO and managing director, he leads the international business and employability initiatives at the computer networking institute, Jetking Infotrain Limited.
After graduating from Delhi University, Bharwani joined the family business in 2010 and set up operations in the US and Vietnam.
He has trained over three lakh students in employability, confidence and key life skills.... more
Lakshminarayanan Question by Lakshminarayanan on Jun 14, 2023Hindi
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Career

I administrative experience of more than 30+ years of experience in the at various levels in the Government of India which i have contributed significantly to the success of the organization. I have retired as an Gazetted Offiicer from Government of India in the year 2020. 2. Represented the Ministry at various levels with the relevant agency representative(s) fosters engagement with other Government departments and private sector industries to address national needs, priorities and sustainable development challenges to advocate for action on the areas wherever necessary. 3. I have been looking for an appropriate placement, especially in overseas and I have been applying through LinkedIn for placement outside India. However, i have been unsuccessful in obtaining a suitable employment. 4. I have been receiving a similar reply from the overseas organisations like this- “Thank you for your interest in the Administration Manager position at Colliers International. While your skills and background are impressive, we have decided to proceed with other applicants who more closely fit our needs at this time. We appreciate your time and effort in submitting an application. We encourage you to apply for other positions at Colliers International in the future. Again, thank you for your interest in a position with Colliers International and we wish you success in your job search and future career. Sincerely, Colliers International Team” PLEASE ADVISE

Ans: I understand that you have extensive administrative experience of over 30 years in the Government of India and have retired as a Gazetted Officer in 2020. You've been actively searching for suitable employment opportunities overseas, particularly through LinkedIn, but have been unsuccessful so far. The response you've been receiving from organizations has been along the lines of them appreciating your skills and background but choosing other candidates who better meet their current needs. Here are some suggestions:

1. Expand Your Job Search: Consider broadening your job search beyond LinkedIn. Explore other job portals, professional networks, and recruitment agencies that specialize in international placements. Additionally, connect with former colleagues, industry contacts, and alumni networks to tap into potential opportunities.
2. Tailor Your Applications: Review your application materials, including your resume and cover letter, to ensure they are tailored to each specific job opportunity. Highlight your relevant skills, experience, and achievements that align with the requirements of the positions you're applying for. Customize your applications to showcase how you can add value to the organization and address their specific needs.
3. Network and Build Connections: Networking plays a crucial role in finding employment opportunities. Attend industry events, conferences, and seminars both in person and online. Engage with professionals in your field of interest and participate in relevant discussions. Building connections and fostering relationships can increase your chances of hearing about unadvertised job openings or receiving recommendations.
4. Consider Contract or Consultancy Work: Instead of focusing solely on full-time positions, consider exploring contract or consultancy work. Many organizations, including international ones, often require short-term expertise or project-specific assistance. Consulting or contracting can provide an opportunity to showcase your skills and potentially lead to long-term employment or referrals.
5. Professional Development: Stay updated with the latest industry trends, technologies, and practices in your field. Consider taking courses, certifications, or attending workshops to enhance your skills and demonstrate your commitment to ongoing professional development. This can make you a more competitive candidate for international job opportunities.
6. Seek Professional Assistance: If you're facing challenges in securing suitable employment overseas, consider seeking assistance from career coaches or professional resume writers who specialize in international job placements. They can provide guidance on your job search strategy, help refine your application materials, and provide insights into the international job market.
7. Persistence and Patience: The job search process can be demanding and time-consuming, especially for international positions. It's important to remain persistent and patient. Rejections are a part of the process, and it may take time to find the right opportunity that aligns with your skills and experience.

Remember to stay positive and maintain confidence in your abilities. Keep refining your approach, leverage your network, and remain open to different opportunities. With perseverance and a well-rounded job search strategy, you can increase your chances of finding a suitable placement overseas. Best of luck in your job search and future endeavors!
Career

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Hi Mayank, I would like to keep my question anonymous. I have been working in an energy solutions-based company. It is a multinational engineering consultancy company. Our main line of business is engineering of oil and gas based refineries and related petrochemical plants. I joined this Mumbai-based company in 2015 as a trainee. I am happy with the work but my financial growth is very slow as compared to my friends working in similar companies. I haven't switched companies as on now. I am looking for a job switch both in India or abroad (Dubai/ Singapore).  I have been trying hard to find a company for a job switch but I am not getting response from anyone. I mainly try through LinkedIn and Naukri. My questions to you are: 1. Could you please advise what is the best way to find jobs abroad (because I'm tired of applying via LinkedIn). Should I take any professional help? If yes, please suggest the name of a good company you know. 2. What is the best way to switch a job in India, considering the lack of response from employers through LinkedIn or Naukri? I'll be very happy to have answers to this. Thanks and regards, Anonymous
Ans:

Hi. As you work in a niche segment, your job search also needs to be focused.

Make a list of the companies where your skills are the most appropriate.  Then connect with people who work in those companies through LinkedIn. Approach them for a suitable role as all good companies have internal employee referral programmes.

Also, please understand that you should not look for a job only because of a low salary.

If your management is supportive and is willing to gradually increase your salary, then you can consider continuing here.

 

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Nayagam P

Nayagam P P  |3976 Answers  |Ask -

Career Counsellor - Answered on Aug 26, 2024

Asked by Anonymous - Aug 15, 2024Hindi
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Career
Hi ! I am a multi-skilled professional with specific education in Sports Medicine from USA & experience based skills in Admin & HR. In 1993, i was hired as a consultant in the best health clubs in South Delhi & in 1994 hired as a Consultant to design & manage Fitness Centers by DDA Sports wing, New Delhi. By 1996, my performance in DDA Sports Complexes was considered exceptional & based on my unique contribution I was offered a Sr. Mgr. position, a permanent position by DDA, which I politely declined, as being an entrepreneur in Fitness Industry, I didn't have the mindset for a Govt. Job that time. I did qualify many interviews Sr. position jobs in 5 Star Hotel Health Clubs in Delhi & Mumbai & the biggest Weight Management Centre chain in Delhi from 1993 to 1999, but didn't take up these assignments, as they seemed a cake walk for me. In year 2000, I had applied for Sr. Mgr. position jobs in Hotel Burj Khalifa, Dubai & other 5 stars in middle East, I was conveyed by the HR of these world class 7 star hotels that I qualify technically but need more Managerial Experience. That's how, I landed up management jobs in private Manpower co's in Admin & HR, worked very hard and progressed from Sr. Mgr to CEO positions within 10 years. I am 57 years now (but as Fit as a 30 yr old guy) and currently function as HR Consultant for a major Educational Institution in South Delhi & a few private firms. I want to qualify a Sr. HR position full time in some big private company. But, my resume sent to any big company does not yield any response. Either positions don't open frequently in big co.'s or resumes are never looked at? I fail to understand. By the God's grace, I have never failed an interview in my life, but unfortunately not getting the right opportunity now. Pls. advise further to achieve my dream job.
Ans: Sir, Your age is a major factor, why most companies do not shortlist your Resume or call for an interview to recruit you as a Permanent Employee.

Secondly, through which sources you are applying? Newspapers? Job Portals? LinkedIn? Please fine-tune your Resume and your LinkedIn Profile. Put Job Alerts in LInkedIn for Sr. Position in HR/Administration Department. Keep applying for jobs whenever you get notifications of job vacancies, matching your profile.

You can also try for 'ADVISOR' post for HR Functions (or) try at Manpower Consultant Firms.

All the BEST for Your Bright Future, Sir.

To know more on ‘ Careers | Education | Jobs’, ask / Follow Us here in RediffGURUS.

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Ramalingam

Ramalingam Kalirajan  |7279 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 18, 2024

Asked by Anonymous - Dec 17, 2024Hindi
Money
Question on Financial Planning: I am 53 years old and took retirement in 2023, a year ago. I have a corpus of approximately ?20 crores allocated as follows: ?6.5 crores in stocks ?5 crores in mutual funds ?5 crores in debt instruments ?2 crores in gold ?1.8 crores in a savings bank account** (to cover the next 12 years of household expenses). My monthly expenses are approximately ?1 lakh, and I receive: ?70,000 per month as house rent (?8.4 lakhs annually) ?10 lakhs annually as dividends from stocks. I have allocated ?5 crores in debt instruments to fund the higher education of my two sons (expenses will arise after 1 year and after 4 years). My goal is to grow my equity portfolio over the next 12 years since I do not depend on it for my current monthly expenses. Additionally: I have adequate health insurance. I own properties worth ?7.5 crores. I have no liabilities. My query: Is my financial planning on track, or do you see any areas for improvement or correction? I am open to suggestions for optimizing my investments, especially considering my goals of equity growth, funding my sons' education, and maintaining a comfortable retirement.
Ans: Your financial planning reflects strong foresight and effective resource allocation. With a corpus of Rs. 20 crores and no liabilities, your position is financially stable. Let us evaluate your financial setup from a 360-degree perspective and suggest areas for optimisation.

Assessment of Current Allocations
Equity Portfolio: Stocks (Rs. 6.5 Crores)
Your equity allocation reflects a growth-oriented approach.
A diversified stock portfolio is ideal for long-term growth.
Ensure the portfolio is well-balanced across sectors and market capitalisations.
Mutual Funds (Rs. 5 Crores)
Mutual funds provide diversification and professional management.
Review the fund categories to maintain a mix of large-cap, mid-cap, and flexi-cap funds.
Regular performance reviews are essential to optimise returns.
Debt Instruments (Rs. 5 Crores)
Allocating Rs. 5 crores for your sons’ education is prudent.
Ensure the debt investments are in low-risk instruments like bonds or fixed deposits.
Laddering maturity dates aligns well with your sons’ educational timelines.
Gold (Rs. 2 Crores)
Gold provides stability during market volatility.
Keep it as a hedge against inflation but avoid further allocation to this asset.
Savings Account (Rs. 1.8 Crores)
Holding Rs. 1.8 crores for 12 years of expenses is a cautious approach.
Move a part of this amount into liquid funds for better returns with liquidity.
Income and Monthly Expenses
Rental Income (Rs. 8.4 Lakhs Annually)
Rental income covers 70% of your monthly expenses.
Ensure the rental property is well-maintained to sustain consistent returns.
Dividends (Rs. 10 Lakhs Annually)
Dividend income provides an additional safety net.
Reinvest surplus dividends into mutual funds for compounded growth.
Monthly Expenses (Rs. 1 Lakh)
Your monthly expenses are comfortably managed.
Maintain a contingency fund of at least Rs. 20-25 lakhs for unexpected costs.
Recommendations for Optimising Equity Portfolio
Focus on Quality Stocks

Prioritise stocks of companies with strong fundamentals and consistent earnings.
Avoid overexposure to any single sector or company.
Systematic Equity Investments

Add to your equity portfolio gradually through Systematic Transfer Plans (STPs).
This reduces market timing risks.
Regular Portfolio Review

Review the equity portfolio annually.
Exit underperforming stocks and reallocate to high-growth opportunities.
Enhancing Mutual Fund Returns
Diversify Fund Selection

Include funds with different strategies to maximise returns.
A Certified Financial Planner can help identify high-performing funds.
Avoid Direct Mutual Funds

Regular funds offer advisory support for timely rebalancing.
This helps navigate market volatility effectively.
Utilise Tax-Efficient Withdrawals

Plan withdrawals systematically to reduce tax liability on capital gains.
Debt Instruments: Securing Educational Goals
Low-Risk Instruments for Predictable Returns

Allocate funds to secure options like government bonds, fixed deposits, or debt mutual funds.
Match the maturity timelines with educational milestones.
Avoid Premature Withdrawals

Breaking long-term debt investments can reduce returns.
Use other funds for emergencies to protect this allocation.
Optimising Gold Allocation
Retain as a Hedge

Gold should form no more than 10% of your portfolio.
Avoid further investments unless there are specific requirements.
Leverage Gold for Liquidity

Gold-backed loans can provide temporary liquidity if needed.
Savings Account Allocation
Move Funds to Liquid Investments

Savings account returns are suboptimal for such a large balance.
Move funds into liquid funds for higher returns and liquidity.
Emergency Fund Segregation

Retain Rs. 50 lakhs for immediate emergencies.
Invest the rest in short-term debt instruments or liquid funds.
Maintaining a Comfortable Retirement
Healthcare Planning

Ensure health insurance policies are adequate for critical illnesses.
Maintain a separate corpus for medical emergencies.
Contingency Fund Maintenance

Keep Rs. 20-25 lakhs readily accessible for unforeseen expenses.
Review this fund periodically to adjust for inflation.
Estate Planning

Draft a will to avoid disputes and ensure smooth wealth transfer.
Assign nominees for all investments and properties.
Taxation Considerations
Equity Taxation

Long-term capital gains (LTCG) above Rs. 1.25 lakhs are taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Debt Taxation

Debt instruments are taxed as per your income tax slab.
Choose tax-efficient options like tax-free bonds if needed.
Dividend Income

Dividends are taxed at your marginal income tax rate.
Reinvest dividends for tax-efficient growth.
Final Insights
Your financial plan is well-structured and aligns with your goals. However, optimising your equity and mutual fund allocations can enhance growth potential. Move idle funds from your savings account into liquid investments for better returns. Review and rebalance your portfolio periodically with the help of a Certified Financial Planner. Your current strategy provides a secure foundation for funding education, retirement, and wealth growth.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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