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Mayank

Mayank Kumar  |193 Answers  |Ask -

Education Expert - Answered on Feb 01, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
Trilok Question by Trilok on Jan 28, 2023Hindi
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I am currently working fora leading FMCG company. I have a total experiemce of 20 years + in sales & marketing, Operations . I have been a multitasking individual. My salary is a 1.13 lac per month which is very hard to continue. I was in the insurance , banking but now have been in the FMCG industry for the past 12 years now. I am in a senior level as well. Kindly suggest me what next to do..I want a change and also need a 2nd income to sustain as well.

Ans: Hi Trilok! Your current CTC per month is not matching your work experience. To evaluate whether you are being paid fairly, I use a formula of the years of work experience with a 1.5-2x multiplier - so you should be at 30-40L. The sector that you are working in is experiencing ups and downs thus you should focus on how you can contribute by looking at up-skilling yourself. Sales, Marketing & Operations are integral functions for each and every sector & there is scope for a lot. These are a few steps I will recommend:

- Work on specific projects within your organisation in the domain where you want to build expertise in
- Utilise your time to pursue an online executive/ general management program (more focused on training than theories) to acquire leadership and managerial skills. It will strengthen your business acumen and shall boost your skill proficiencies for taking up added responsibilities within your organisation
- Use metrics to define your efforts within your org so that also allow them to compensate you fairly. Also with the right upskilling you should aim to get the right increment for yourself.
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Aashish

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CAT, Management Expert - Answered on May 30, 2024

Asked by Anonymous - May 27, 2024Hindi
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I am 35 year old and holding 5+ years of experience in various domains after completing Deploma in Mech Engg QA-1year(automobile industry 2011-12). 2012-2018-- Degree in Mechanical Engg. Meanwhile due to financial issues I had work with 2/3 companies for short time of period and left because of Exams, whatever work like service engineer and Quality related work I attended. After completing my Graduation in Mechanical Engg I rejoin small firm which was dealer and distribution industry for metal cutting tools. due to convid these company was shutdown and then 2021 I switched to BPO industry and now from April 2023 to till date I am working in Supply chain Management in Infosys as a Sr Executive now could you please advise what should I do because it's really challenging to adapt new skills with less salary I am unable to take risk of new learning. And also facing money problems as now I have to run entire family shall I have to start any business or what should I do to save and retrack my career?
Ans: Why don't you want to continue in SCM?

In my opinion, you should continue to develop your expertise in supply chain management. Given your current role at Infosys, aim to gain more responsibilities and prove your value within the organization. You may also consider obtaining supply chain management certifications like APICS (now ASCM), Certified Supply Chain Professional (CSCP), or Six Sigma. These can increase your marketability and potential for promotions or salary increases.

Stay updated with industry trends and continue learning to adapt to changing market demands.

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