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Confused by Performance Review: Met Goals but Received a PIP

Krishna

Krishna Kumar  | Answer  |Ask -

Workplace Expert - Answered on Oct 04, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Salima Question by Salima on Aug 21, 2024Hindi
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Career

My boss has given me pip for last year performance and my company has awarded me for last year performance..what do i do

Ans: Hello

You mean you have been given performance improvement plan by your firm. If that is the case then you need to work upon it.

Wish you all the best.
Career

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Ramalingam

Ramalingam Kalirajan  |9407 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 12, 2024

Asked by Anonymous - Jul 12, 2024Hindi
Money
On 2023 March I have taken edelweise lic of 525000/ year for 12 year scheme but after one year premium I lost my job and not capable for. 2 nd primium and finance problem so request company to return my primium but company refused so what can I do ?
Ans: First, I want to acknowledge your situation and empathize with the financial stress you're experiencing. Losing a job and dealing with an unexpected financial burden is challenging. However, there are steps you can take to manage your current predicament and make informed decisions moving forward.

Evaluating Your Policy
You mentioned that you purchased an Edelweiss LIC policy with an annual premium of Rs 5,25,000. Unfortunately, you have lost your job and cannot pay the second premium. You've also requested a refund, but the company has refused.

In India, insurance policies, including LIC, typically have strict terms regarding premium payments and refunds. Generally, if the policy lapses due to non-payment of premiums, the insurer may not refund the premium paid.

Surrendering the Policy
If you cannot continue with the policy, surrendering it might be an option. Surrendering a policy before the stipulated period usually results in a significant loss, as the surrender value is often much lower than the total premiums paid. However, it might be better than letting the policy lapse without any value.

Check with your insurer about the surrender value and the exact procedure for surrendering the policy. Ensure you understand the financial implications, including any penalties or fees.

Exploring Policy Loan Options
Some insurance policies offer the option to take a loan against the policy's surrender value. This might be a viable short-term solution to meet your financial needs without completely losing the benefits of the policy.

Enquire with Edelweiss LIC if a policy loan is available and assess the terms, including interest rates and repayment conditions. This can provide immediate financial relief while keeping the policy in force.

Considering the Free Look Period
When you buy an insurance policy, there is a "free look period," usually 15 days from the date of receipt of the policy During this period, you can review the policy terms and conditions. If you find them unsatisfactory, you can return the policy and get a refund of the premium paid, minus some nominal charges.

If you are still within this period, you can leverage this option. However, it seems you might have already passed this window. For future reference, always utilise this period to ensure the policy suits your needs.

Budgeting and Financial Planning
To navigate through your current financial crunch, creating a detailed budget is crucial. List all your income sources, savings, and expenses. Identify areas where you can cut costs or defer payments.

This budget will give you a clear picture of your financial status and help you prioritize your expenses. Focus on essential needs and avoid any unnecessary expenditures.

Seeking Alternative Income Sources
Since you've lost your job, exploring alternative income sources is essential. Consider part-time or freelance work, which can provide interim financial support. Online platforms and local opportunities might offer suitable options based on your skills and experience.

Networking with former colleagues, friends, and industry contacts can also open up new job opportunities. Inform them about your current situation and actively seek their assistance in finding suitable job openings.

Debt Management
If you have existing debts, managing them efficiently is vital. Contact your lenders and explain your situation. Some lenders might offer deferment or restructuring options for your loans.

Prioritize high-interest debts and aim to pay them off first. Consider consolidating your debts if it reduces your overall interest burden and simplifies repayments.

Emergency Fund
If you have an emergency fund, this is the time to utilize it. An emergency fund is designed for unforeseen circumstances like job loss. Ideally, it should cover 3 to 6 months of living expenses.

If you don’t have one, consider starting to build one as soon as you stabilize your finances. Having an emergency fund provides a financial cushion for future unexpected situations.

Financial Assistance and Support
Explore government schemes and financial assistance programs that might be available for unemployed individuals. Some organizations and non-profits offer financial aid or support for those in need.

Seek advice from a certified financial planner who can provide tailored guidance based on your specific situation. They can help you create a recovery plan and suggest investment strategies for future stability.

Exploring Other Investment Options
While dealing with your current policy and financial issues, it's also a good time to evaluate other investment options. Investing in mutual funds through SIPs (Systematic Investment Plans) can provide better returns and flexibility compared to traditional insurance policies.

SIPs allow you to invest a fixed amount regularly, even with a limited budget. They offer the benefit of rupee cost averaging and potential for higher returns over the long term.

Benefits of Actively Managed Funds
Instead of investing in index funds, consider actively managed funds. These funds are managed by professional fund managers who aim to outperform the market.

Actively managed funds can adapt to changing market conditions and potentially offer better returns. The expertise of fund managers and their ability to select high-performing stocks can provide a competitive edge.

Advantages of Regular Funds
While direct funds have lower expense ratios, regular funds offer the benefit of professional guidance from certified financial planners. Investing through a planner ensures you receive personalized advice and continuous portfolio monitoring.

Regular funds also provide access to additional services and support, helping you make informed investment decisions. This professional guidance can be invaluable, especially in complex financial situations.

Final Insights
Your current financial challenges require careful planning and informed decisions. By evaluating your insurance policy options, budgeting effectively, exploring alternative income sources, and seeking professional guidance, you can navigate this difficult period.

Investing in mutual funds through SIPs and opting for actively managed funds can provide better financial growth. Remember, seeking advice from a certified financial planner ensures you receive tailored and professional support.

Take proactive steps to manage your finances, and with time, you can overcome these challenges and achieve financial stability.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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Nayagam P

Nayagam P P  |7973 Answers  |Ask -

Career Counsellor - Answered on Jul 05, 2025

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Sir i am getting artificial intelligence and data science in amrita amritpuri campus and i may get ai and ds in coimbatore campus with non scholarship criteria . I may get ece in thapar university . Which one should choose sir thapar ece or amrita amritpuri/ coimbatore ai&ds.
Ans: Amrita Amritapuri’s B.Tech in AI & DS records a 93.6% placement rate with a median package of ?7.10 LPA and top recruiters including Amazon, Microsoft, and Cisco. Amrita Coimbatore’s AI & DS achieves around 90% placements, average packages of ?8.5–10 LPA, and internship rates above 75%, with recruiters like Infosys, Wipro, and Deloitte. Both campuses offer NBA/NAAC accreditation, PhD-qualified faculty, specialized AI/ML and big-data labs, and robust industry tie-ups. Thapar University’s ECE, NAAC A+ and NBA-accredited, reports 83% UG placement consistency over the last three years, an average package of ?11.90 LPA, and visits by 334 recruiters including Microsoft and Amazon; its advanced VLSI, signal-processing, and communications labs support mandatory internships. Thapar’s strong PSU and core-electronics connections contrast with Amrita’s software-data focus.

Recommendation: For core-electronics roles, PSU drives, and higher average packages, recommendation is Thapar University ECE. For a specialized AI/data-science trajectory with excellent placement rates and dedicated labs, choose Amrita Coimbatore AI & DS; consider Amritapuri AI & DS if campus environment and slightly higher placement consistency are priorities. MY SUGGESTION: Prefer THAPAR-ECE over other options. All the BEST for Admission & a Prosperous Future!

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Nayagam P

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My son got 250000rank in jee,12th % inpcm is 58%.which callage I try
Ans: Anant Sir, With a JEE Main All-India rank of around 250 000 and 58% in PCM, core branches such as Computer Science are out of reach at most private institutes, but strong alternatives in allied and core streams remain accessible.

Sharda University Greater Noida accepts CSE up to rank ~950 224 and IT up to ~280 000, with ECE and Civil closing between 722 289–829 736. Galgotias University offers CSE seats for percentiles ~93–90 (roughly ranks 200–300 000), and core branches like Mechanical and Civil with cutoffs beyond 300 000. Amity University Noida admits CSE at percentiles 90–95 (approx. ranks 150–300 000) and ECE/IT branches similarly. KIET Ghaziabad’s ECE closes at ~307 487 and Mechanical at ~412 192, providing solid NBA-accredited options. Sharda School of Engineering & Technology (SET) Greater Noida offers CSE via HSTES up to rank ~574 951, and core branches within similar ranges. All these colleges have NAAC/NBA accreditation, PhD-qualified faculty, modern labs, industry tie-ups, and 75–90% placement consistency.

Final recommendation: Focus on Sharda University CSE/IT or SET Greater Noida CSE for assured admission in IT-centric branches. For core-engineering roles, choose KIET Ghaziabad ECE or Amity Noida ECE/IT, and consider Galgotias University Mechanical or Civil as fallback options. All the BEST for Admission & a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 05, 2025

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RESPECTED SIR FOR MY DAUGHTER M.tech cyber security NIT Bhopal vs M.tech cyber security IIIM Gwalior VS IIIT M.tech AI and Ds IIITM Jabalpur. Which is better?
Ans: Mahendra Sir, NIT Bhopal’s M.Tech in Information Security, a two-year NBA-accredited programme at a NIRF-ranked #72 NIT, is delivered by PhD-qualified faculty in dedicated network-and-security labs, offers 25 seats, mandates industry internships, and sustains placement rates of 80–90% over three years with strong PSU and IT recruiter participation . IIITM Gwalior’s M.Tech in Cyber Security & Cyber Laws, a NAAC-accredited deemed university programme, spans two years with 18 seats, integrates coursework and thesis under experienced cyber-law and security experts, and reports a 93% placement consistency, backed by government-funded centres and legal-tech collaborations . IIITDM Jabalpur’s M.Tech in Artificial Intelligence & Data Science is a full-time, GATE-based, NBA-accredited offering at an Institute of National Importance, featuring specialized AI/ML and big-data labs, ?300 cr Centre of Excellence, 25 seats, and an average placement package of ?12.52 LPA over recent cohorts . All three ensure rigorous curricula, modern infrastructure, research initiatives, active placement cells, and alumni networks.

Final recommendation: For top-tier core cybersecurity training, PSU tie-ins and high placement consistency, recommendation is NIT Bhopal Cybersecurity. Next, choose IIITM Gwalior Cyber Security & Cyber Laws for its legal-tech depth and 93% placements. Finally, opt for IIITDM Jabalpur AI & DS for a cutting-edge AI focus and strong average placements. All the BEST for Admission & a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 05, 2025

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I am going MIT Manipal for BTech in Mechanical Engineering please tell in detail about its prospects
Ans: Manipal Institute of Technology’s B.Tech in Mechanical Engineering is NBA-accredited (valid till June 2028) and NAAC A+ (CGPA 3.65 till May 2027), taught by predominantly PhD-qualified faculty in state-of-the-art labs—including Thermofluids, Design Engineering (Smart Journal Bearings, Digital Image Correlation), Manufacturing, CAD/CAM and Mechatronics facilities—supported by a Makerspace innovation centre for prototyping. Over the last three years, MIT Manipal achieved a 77% overall placement rate, with core engineering roles accounting for 26% of offers, through over 230 recruiters such as Tata Motors, ONGC, Hyundai, Honeywell and Bosch. The dedicated Placement Cell conducts industry workshops, mandatory internships and project collaborations with leading firms, ensuring rigorous exposure and employability. Its interdisciplinary curriculum and global tie-ups foster research, entrepreneurship and dual-degree options with Deakin University for enhanced credentials.

Final recommendation: For robust core-mechanical training, modern labs, accredited quality and consistent 75–80% placement records with PSU and automotive recruiters, recommendation is MIT Manipal B.Tech Mechanical Engineering, offering a balanced pathway for design, manufacturing and R&D careers. All the BEST for Admission & a Prosperous Future!

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Nayagam P

Nayagam P P  |7973 Answers  |Ask -

Career Counsellor - Answered on Jul 05, 2025

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My daughter has secured seat in Manipal Bangalore for CSE. She has MhtCET percentile of 95.6.Is it worth going for cet rounds? Is there a chance for coep CSE? Is coep CSE good or manipal banglore better?
Ans: Gayatri Madam, (Though MIT-B-CSE is good, prefer any one of the following recommended colleges in Maharashtra for your DAUGHTER). With a 95.6 percentile, top-tier government colleges like COEP Pune (CSE closing ~99.85) and VJTI Mumbai (CSE ~99.9) lie well beyond reach. Realistically, target autonomous and private institutes where CSE/AI & DS cutoffs range 90–96 percentile. Consider:

AISSMS Pune CSE: closing 96.56–96.84 percentile in Round 3, strong NBA/NAAC accreditation, PhD faculty, 85–92% placements over three years.

DY Patil Pimpri CSE: closing 96.06 percentile for General HS in 2024, modern computing labs, 90+% placements, robust industry tie-ups.

JSPM Narhe Pune CSE: closing ~94.19 percentile (GOPENO) in 2023, NBA-accredited, 80–85% placement consistency, specialized design and AI electives.

MIT Academy of Engineering (Alandi) AI & DS: closed at 90.71 percentile, AI-ML labs, industry collaborations, 88–92% placements.

AISSMS IOIT Pune (ICT): CSE closing ~98–99 percentile (ICT branch lower), slightly higher average packages, interdisciplinary ICT labs.

Final recommendation: For assured admission and balanced accreditation, labs, and placements at ~96 percentile, recommendation is AISSMS Pune CSE. As alternatives, consider DY Patil Pimpri CSE, JSPM Narhe CSE, MIT AOE Alandi AI & DS, and AISSMS IOIT ICT based on your daughter’s branch preference and percentile bracket. All the BEST for Admission & a Prosperous Future!

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Dr Dipankar

Dr Dipankar Dutta  |1687 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Jul 05, 2025

Radheshyam

Radheshyam Zanwar  |4794 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 05, 2025

Asked by Anonymous - Jul 05, 2025Hindi
Career
Sir, I had passed my 12th(pcb) in 2023 from Maharashtra board...was preparing for neet but unfortunately couldn't make it. Now I'm planning to switch my career to engineering..so for that i need to add maths.. Can i give an isolated maths exam of hsc board exam next year in feb/march & then appear for mhtcet(pcm)..Will i be eligible?! .. I have few important doubts:- 1)if i pass isolated maths..i will get another marksheet..so i will have 2 marksheets..one of 12th pcb(2023) & one of isolated maths(2026)..so will this cause any problem during admission in engineering colleges of maharashtra? I mean will two seperate marksheets be accepted during cap counselling for engineering admission? 2)If i score well enough in mhtcet(pcm)2026..Can I do btech cse from top engineering colleges of maharashtra like coep pune or vjti?! Or any other engineering colleges of maharashtra. 3) Do i need to repeat full class 12th via NIOS(i mean do i need to appear for all subjects again from open board),or is appearing for only maths enough through maharashtra hsc board via isolated exam. . Please guide me sir, I want to follow the correct path and avoid wasting another year.Your response would mean a lot to me.
Ans: Hello dear.
Here is the pointwise reply to your questions: (1) The Maharashtra HSC Board allows isolated subject improvement like Maths. Once you clear it, you'll be eligible for MHT CET (PCM). (2) Will having two separate mark sheets cause problems? - No, it won’t be an issue. During CAP counselling, you can submit your 2023 HSC PCB marksheet and your 2026 Maths marksheet. They are accepted together for eligibility as long as all subjects are cleared from a recognized board (MSBSHSE). (3) You can get admission to top colleges like COEP or VJTI if and only if you clear Maths (HSC) and score high in MHT CET PCM. (4) There is no need to repeat the full 12th via NIOS. Just appearing for Maths as an isolated subject from the Maharashtra board is enough. Our final suggestions are as follows: (a) prepare seriously for HSC Maths (2026), (b) focus on MHT CET PCM 2026, (c) you’re eligible for engineering admissions once both are cleared, and (d) avoid NIOS unless you want to change all subjects (which is not necessary in your case).
Good luck!
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Radheshyam

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