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Krishna

Krishna Kumar  | Answer  |Ask -

Workplace Expert - Answered on Apr 25, 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
Shubham Question by Shubham on Apr 25, 2024Hindi
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Career

Hi, currently I am working in hcltech as software engineer with 4.1L package and will be getting appraisal in few months so package will be go around 5.5 or 6 so it is right earning with experience of 2.6 year and my age is 26 should I try for career switch.

Ans: Dear Mr.Shubham

Please focus on the value that you are delivering for the organisation and the skills that you are building for yourself, let salary be the outcome. This way your salary will automatically increase as organisation will see value in your work.

All the best.
Career

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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Dec 22, 2023

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Hello Sir, i am having around 18 years of experience in IT but according to the market standards and my skillset i feel i am underpaid, should i switch to get a better hike? Also i feel that in market people are giving more importance to lesses experience resources. What needs to be done? Shinoj
Ans: Hello! I understand that you have around 18 years of experience in IT and feel that you are underpaid. It’s natural to feel that way, especially if you feel that your skills are not being adequately compensated. However, before making any decisions, it’s important to do your research and weigh the pros and cons of switching jobs.

According to a recent article on Forbes India, the Indian IT industry has been facing a lot of challenges lately, including layoffs, dropping job volumes, and changing work trends. This has led to a decrease in hiring and active job volumes in the tech sector. In fact, the top four IT companies in India saw a net addition of just 1,940 employees in Q3, the lowest in the last eight quarters. This could make it difficult to find a new job with a better salary.

That being said, if you feel that you are not being paid what you are worth, it might be worth exploring other options. You could start by researching the average salary for someone with your level of experience and skillset. Websites like AmbitionBox can provide you with information on the average salary for IT professionals in India. You could also consider speaking with a recruiter or career counselor to get a better idea of what your skills are worth in the current job market.

It’s also worth noting that while it may seem like less experienced resources are being given more importance in the market, this is not always the case. Many companies value experience and are willing to pay more for it. However, it’s important to remember that the job market is constantly changing, and what may be true today may not be true tomorrow.

In summary, before making any decisions, it’s important to do your research and weigh the pros and cons of switching jobs. You could start by researching the average salary for someone with your level of experience and skillset, and speaking with a recruiter or career counselor to get a better idea of what your skills are worth in the current job market. Remember that the job market is constantly changing, and what may be true today may not be true tomorrow. Good luck! ????

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Patrick

Patrick Dsouza  |942 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Jun 05, 2024

Asked by Anonymous - May 20, 2024Hindi
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Career
Hello sir/mam My age is 24 years I have completed my Bsc(MECS) In the year of 2021 Later i completed my MBA in marketing in september (2023) While working as a manager in Fitness industry Taking on responsibilities of sales & operations, During the same time period ,as a means to support myself and family financially to an extent Reason for doing mba instead of mca , i was not sure ,if i would go work in IT ,so, i did my mba with plans of doing course from outside, if i ended up switching Currently i have completed 2.6 years in my current role, I feel like ,i am stuck,burnt out, I am planning for a switch in my career But ,i am confused between IT, & Non IT My friends are suggesting me to do DEVops, which requires me to learn coding language Some are saying to go for Businesses Analysts, as you are a very good communicator, and it requires very less coding I am confused on what should i do Should i switch to IT, If i do ,what are the challenges,that i need to overcome, Are there any other roles which i can try for ,based on my qualifications I am currently earning a salary of 25k per month plus incentives which varies on monthly basis
Ans: There are many options available. You will have to match your interest with what the job market requires. In IT field itself there are many options like Data Science, Data Analyst, Business Analyst, etc. Can go to other relevant fields like Digital Marketing, for which you will have to upskill yourself. Can do so along with your current job.
Developer role may not have a long term prospect with the advent of AI as a lot of developers are losing their jobs.

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Nitin

Nitin Narkhede  |59 Answers  |Ask -

MF, PF Expert - Answered on Jan 23, 2025

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Money
Hi Sir, I am retired and 63 years old. Having 50 lacs in equity.1.5 cr MF, 25 lacs in SCSS.expected landproperty sale of 4.5 cr also having own house and no education or marriage expenses of children. Medical insurance of 10 lack for me and wife. However intended to buy a residential property of 3 cr to get relax from capital gain post selling the land. And same will be given to daughter later. Need monthly expenses of 1.25 lack. Since market is too volatile. Kindly suggest way forward.
Ans: Dear Pralhad,
To manage your finances post-retirement and handle market volatility, allocate the ?4.5 crore from your land sale strategically. Use ?3 crore to purchase a residential property to save on capital gains tax and gift it to your daughter later. Allocate the remaining ?1.5 crore into ?50 lakh in SCSS for secure returns (~?16,000/month), ?50 lakh in RBI Floating Rate Bonds or POMIS (~?30,000/month), and ?50 lakh in balanced mutual funds for moderate growth. For your existing assets, keep ?25 lakh in SCSS and divide the ?1.5 crore mutual funds portfolio into 60% balanced advantage or hybrid funds for stability and 40% debt funds for steady income. Maintain 20-25% equity exposure (?50 lakh) in large-cap or dividend-yield funds for growth. Combined with a ?20-30 lakh emergency fund, this ensures a stable monthly income of ?1.25 lakh while safeguarding against market risks and providing for your family's future. Consult a certified financial advisor for personalized tax-efficient strategy
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

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