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Quitting a job without revealing reasons: How to leave gracefully?

Onkar

Onkar Singh  |18 Answers  |Ask -

Career Management, Skills Development Expert - Answered on Aug 21, 2024

Onkar Singh is the global corporate citizenship strategy and programmes manager (data and reporting -- M&E, lead) at Accenture. He has more than two decades of experience in corporate social responsibility, sustainability, data and reporting. He has expertise in the management of NGOs and corporate foundations. He mentors young professionals in the areas of career management, skills development, personal and community development and DEI (diversity, equity and inclusion) issues. Onkar holds a bachelor's degree in mathematics from St Columba’s College, Hazaribagh, and an MBA from XISS, Ranchi. He also holds a master’s degree in international affairs from Columbia University's School of International and Public Affairs, New York.... more
Asked by Anonymous - Aug 20, 2024Hindi
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Career

My current employer wants to know why I am quitting. But I don't want to explain my reasons because it would mean that I have to detail the various situations and politics at work that forced me to put in my papers. I don't have a job yet but I want to quit with dignity. How can I do that?

Ans: Hi there,
It's ok to provide a reason. You can cite brief personal reasons for leaving the organization.
Career

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Asked by Anonymous - Jan 19, 2024Hindi
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Tell us why you wish to leave your current job. This is a very common question asked by employers in a job interview. What is the correct way to answer this question?
Ans: When responding to the question about why you want to leave your current job in a job interview, it's crucial to convey a positive message and avoid speaking negatively about your current or previous employers. Here's a paraphrased version of the tips:

1. Highlight career advancement: Stress your interest in professional growth and how the new position complements your long-term career objectives, showcasing a forward-thinking attitude.

- Example: "While I've gained valuable experience in my current role, I see this new opportunity as a chance for continued growth and development in alignment with my career goals."

2. Emphasize positive aspects of the new job: Showcase what attracts you to the new role, such as the company's values, mission, or specific job responsibilities. Frame your response around a positive change rather than escaping something negative.

- Example: "I'm enthusiastic about joining a company that prioritizes innovation. I believe my skills are well-suited to the challenges presented by this new role."

3. Refer to personal circumstances: If applicable, mention changes in your personal life (e.g., relocation, family situations) that prompt your job search, emphasizing that it's unrelated to dissatisfaction with your current job.

- Example: "Due to recent changes in my family situation, I'm seeking a position that offers a better balance between my professional and personal commitments. I believe this new opportunity provides that balance."

4. Steer clear of negativity: Avoid criticizing current or past employers, colleagues, or company culture. Keep your comments positive to present yourself in a favorable light.

- Example: Instead of expressing dissatisfaction with management, say something like, "I'm looking for a work environment that aligns more with my collaborative and team-oriented approach."

The key is to convey your enthusiasm for the new opportunity and how it aligns with your career goals, without dwelling on any negative aspects of your current or past roles.

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Workplace Expert - Answered on Sep 16, 2024

Asked by Anonymous - Aug 23, 2024Hindi
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I want to write an email stating I want to resign from my current organisation and employer but I don't want to give a reason for leaving. Can you please suggest how I can do it?
Ans: Here's a format of the email you can use:

Subject: Resignation from [Your Position]

Dear [HR Manager's Name],

Please accept this as a notification of my resignation from my position as [Your Position] at [Company Name], effective [Last Day of Work].

I have thoroughly enjoyed my time at [Company Name] and appreciate the opportunities and experiences I have gained.

Thank you for your understanding.

Sincerely,
[Your Name]
[Your Contact Information]


Discussing Resignation with Your Manager:

When discussing your resignation with your manager, aim for a respectful and professional conversation. Here's how you can approach it:

• Be Direct and Brief: Clearly state your intention to resign and the effective date. Avoid going into lengthy explanations or dwelling on negative aspects of your role.

• Focus on the Positive: Emphasize the positive experiences and opportunities you've had at the company. This shows appreciation and maintains a professional tone.

• Avoid Giving Reasons: If you prefer not to disclose your reasons for leaving, simply state that you're pursuing a new opportunity. You don't owe your employer an explanation.

• Offer Assistance: Be willing to help with a smooth transition, such as training your replacement or completing ongoing projects. This demonstrates your professionalism and commitment to the company.

• Maintain a Positive Attitude: Even if you're leaving for reasons you're not comfortable sharing, try to maintain a positive and respectful demeanor throughout the conversation.

Dos and Don'ts:

• Do: Be polite and respectful, even if you're frustrated or disappointed.
• Do: Offer to help with the transition.
• Do: Express gratitude for the opportunities you've had.

• Don't: Badmouth the company or your colleagues.
• Don't: Get into arguments or heated discussions.
• Don't: Burn bridges by leaving on bad terms.

Remember, your resignation should be handled professionally to maintain a positive relationship with your employer and colleagues. By following these guidelines, you can have a respectful conversation and leave the company on good terms.

All the best!

..Read more

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Milind Vadjikar  |150 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 10, 2024Hindi
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Hi, I am 56 with a take home salary of about 5L per month and expect to retire in 4 years. I have about 1.2 cr in PF+PPF and 4 properties worth 2.5Cr. Cash in hand 40L and equity worth 25L. From Jan24, investing about 2L per month in MF + Shares + others and wish to continue to next 4 years. Daughter is working and likely to get married in next 2 years (anticipate a spend of 35L). Son will join MBBS in 2 years with expected fee of 30L per year. Have no loans and well covered for mediclaim and term insurance. Am i covered for the expenses? Please suggest ...
Ans: Hello;

Your PF+PPF balance you can keep untouched so it may grow into a corpus of 1.6 Cr(7.5% growth rate assumed) + regular contributions over 4 years, at the end of your work life.

At your age I recommend you to resist temptation of dealing in direct stocks or even pure equity mutual funds due to the very high risk of volatility.

I propose you to put 30 L(6 month pay coverage) as emergency fund in ICICI Pru Liquid fund(Best returns on 6M criteria)+ facility of instant redemption upto 50K & balance T+1 working day.

10 L balance from cash in hand + 25 L of stock holdings could be invested in Tata money market debt fund(best returns on 1 year criteria). Both these funds have moderate & low to moderate risk profile respectively. This will serve as your corpus for daughter's marriage and grow for 2 years in the meanwhile.

The 2L investment per month which you have began from Jan-24 is expected to go into MF sip+ direct stocks+ other.

For the other investment you are the best judge but here again I would humbly appeal to you to avoid equity MFs and direct stocks considering your age and high risks associated with these asset type direct exposure.

I propose you to invest in equity savings fund instead which are less riskier then pure equity funds and can yield decent return too. I recommend two funds in this category with best returns on 5 yr criteria & AUM above 1K Cr. Mirae Asset equity savings fund and Kotak equity savings fund.

A 2 L sip into these two funds for 4 years will yield a corpus of 1.16 Cr (Modest return of 9% considered). This will fully cover the cost of education for your son.

The best aspect of your financial planning which I admire and respect is No loans, well covered for mediclaim, term insurance and investment in real estate.

I have given my opinion, ultimately you are the best judge.

Feel free to revert in case of any query.

You may follow us on X at @mars_invest for updates

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

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Dr Dipankar

Dr Dipankar Dutta  |609 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 17, 2024Hindi
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Sir I am btech - industrial biotechnology (4 years ) student. Now I'm in 3 rd year . My family financial situations didn't ain't me study msc or mtech or going abroad. So.. I'm planning to work hard for an year to get government job in my biotech field. However, biotech in india is just in it's initial stages . I didn't find good jobs in biotech industry for graduates and I even google many times about this concern. Could you please guide me ? What are best rated - government and private jobs in biotechnology field for biotech graduates ? I want each of jobs list If not any other alternatives ? What are the entrance exams I can appear for mtech pursuing at free of cost in India ? Is there any entrance exams to get a govt job in biotech field for graduates ? I'm bothered with many quests???????? I'm so... Worried about my career . Hope I'll get my answers from your team as soon as possible Thank you ????
Ans: Biotechnology graduates can apply for various positions in government organizations, research institutes, and labs. Below are some of the key government organizations where biotechnology graduates can find jobs:

Government Organizations:
Department of Biotechnology (DBT)
Council of Scientific and Industrial Research (CSIR)
Indian Council of Medical Research (ICMR)
National Institute of Immunology (NII)
All India Institute of Medical Sciences (AIIMS)
Biotech Consortium India Limited (BCIL)
Food Safety and Standards Authority of India (FSSAI)
Indian Institute of Technology (IITs) as technical assistants or lab technicians
Central Drugs Standard Control Organization (CDSCO)
Defense Research and Development Organization (DRDO)
Public sector units (PSUs) like Bharat Immunologicals and Biologicals Corporation Limited (BIBCOL)

Key Entrance Exams:
GATE (Graduate Aptitude Test in Engineering): Scores in the Biotechnology paper can help you get into prestigious institutes like IITs and NITs for M.Tech with scholarships.
DBT JRF BET: Provides a fellowship to pursue a PhD in biotechnology.
ICMR JRF: For research fellowship and PhD positions.
CSIR UGC NET: For lectureships and research in biotechnology.
JNU CEEB: For postgraduate programs in biotechnology across many universities in India.

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Milind Vadjikar  |150 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 09, 2024Hindi
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Hi I am 44 years old working for almost 21years now. I have accumulated close to1.6Cr of corpus through diversified portfolio in FD, MF, Stocks etc. I am undergoing health issue post recovery from a major illness and not able to mentally and physically cope up with the demand of the Job which is paying me around 2.5L/Month. I want to settle for a less demanding job even at 50% lesser salary. With my current corpus how to invest it so that i get a monthly interest to maintain my current lifestyle without reducing my corpus.
Ans: You can buy immediate annuity from an insurance company for your corpus of 1.6 Cr as joint holding by you and your spouse and return of purchase price to you, your spouse or nominee either after completion of tenure or expiry of the annuity holder/s.

Assuming modest rate of 6% will yield you a monthly income of 80K per month(pre-tax).

You can always negotiate and shop to get a better rate for your annuity.

If you suppliment this with low stress, less exertion job at 50% of your current salary you will have monthly income of 1.25 L + 0.8L = 2.05 L per month.

Although annuity rates are typically lower you can lock them for a longer tenure.

Most companies or banks offer 5 year FDs.

Few do offer 10 year FDs but then you have TDS deducted at 10% from your interest payout. Also FDs are not entirely risk free.

In case of annuity TDS is not deducted, so far, since tax liability is with the annuity holder.

Please do take care of your health and wish you speedy recovery.

In case you any other concerns, feel free to revert.

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Milind Vadjikar  |150 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 17, 2024Hindi
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Sir, I had invested in HDFC Sanchay Plus in Long-Term Income Plan. It was a insurance and regular income plan for a period of 30 years. I paid up for five years as mandated by the policy. The pay out would commence from 7th year annually upto 30 years. The principal amount would be paid on completion of 30th year of enrollment. I appears the return of investment was less than 5% and diminishes further with time. I decided to withdraw from the scheme however the HDFC Life is deducting a huge sum from the invested amount. I requested to atleast return the principal amount invested without any add-on. But HDFC Life is referring to the policy clause and declining to return the invested amount. How can I retrieve the invested amount in this scenario. Thanking you in anticipation.
Ans: Most of the people make this mistake of considering insurance coupled with investment as good combination. The fact that insurance regulator allows insurance companies to use words such as "Guaranteed", "Assured" which entice gullible investors, makes things more difficult.

Endowment or money back policies never yield return over 5 to 6%.

Even ULIP policy returns above a threshold will now be subject to long term capital gain tax apart from fund management, policy administration and other heavy charges during first 5 years.

Insurance is for pure protection hence term insurance with appropriate riders is best option.

Unfortunately there is no way you can seek higher surrender value payment because you are contractually obligated by the terms and conditions of the policy agreement.

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Milind

Milind Vadjikar  |150 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

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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