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Khevna Shah  |16 Answers  |Ask -

HR Expert - Answered on Feb 06, 2023

Khevna Shah is the head of human resources at Coverfox Insurance. She has 14 years of experience in human resources across industries like manufacturing, banking & financial services and insurance. Her expertise includes talent acquisition, retention, employee engagement and developing a performance focussed culture.
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Asked by Anonymous - Feb 06, 2023Hindi

Hello Khevna, What is the difference between Corporate HR And Industrial HR?

Ans: The fundamental difference is the nature of workforce - corporate HR is about white collared workers / employees and industrial HR is about blue collared workers / employees. The qualifications required to work on either aspects are largely the same.

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Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on May 29, 2023

Which one is better MBA HRM or PGDMA HRM for future purpose?
Ans: Hi Swapan,

Both the Master of Business Administration (MBA) in Human Resource Management (HRM) and the Post Graduate Diploma in Management (PGDM) in HRM can provide valuable skills and knowledge for a career in human resource management. The choice between the two largely depends on individual preferences, career goals, and the specific offerings of the programs.

MBA HRM programs are typically offered by universities and are known for their comprehensive curriculum that covers various aspects of business management, including HRM. These programs often provide a broader understanding of business principles and practices beyond HRM, which can be beneficial if you have aspirations to take on broader leadership roles within organizations. An MBA degree also carries a certain level of prestige and recognition.

On the other hand, PGDM HRM programs are typically offered by autonomous institutions and are known for their industry-oriented curriculum. These programs often focus specifically on HRM and provide practical knowledge and skills required for HR professionals. PGDM programs may offer more specialized and updated content, as they have the flexibility to adapt their curriculum to meet the evolving needs of the industry.

When making a choice between an MBA HRM and a PGDM HRM, consider the following factors:

Curriculum: Evaluate the course structure, subjects covered, and the depth of HRM specialization in each program. Determine which program aligns better with your career goals and interests.

Institution reputation: Research the reputation and accreditation of the universities or institutions offering the programs. Consider factors like faculty expertise, industry connections, and alumni network, as these can play a role in your future opportunities.

Career goals: Consider your long-term career aspirations. If you envision a more diverse managerial role encompassing various business functions, an MBA HRM may be suitable. If you prefer a focused career solely in HRM, a PGDM HRM may provide the necessary depth and specialization.

Networking opportunities: Look into the networking opportunities provided by each program. Networking with professionals, alumni, and industry experts can greatly benefit your career advancement.

Ultimately, both an MBA HRM and a PGDM HRM can offer valuable skills and knowledge for a future in HRM. It's important to carefully assess your personal goals, preferences, and the specific offerings of each program to make an informed decision that aligns with your career aspirations.

Abhishek Shah

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Moneywize   |122 Answers  |Ask -

Financial Planner - Answered on Jun 25, 2024

Asked by Anonymous - Jun 13, 2024Hindi
Ours is a family of 3 people -- My wife, I and my daughter who is 15. I am 39, my wife is 37 and our monthly expenses are Rs 90K. I own my house and expect to have no fixed income after 65 years, and expect to live till 75. Considering the ever increasing price rise what should be my corpus at 65 for me to continue living the life style I am living today?
Ans: Calculating your retirement corpus:

Here's how to estimate the corpus you'll need to maintain your current lifestyle after retirement:

1. Retirement period:

You plan to retire at 65 and expect to live till 75. So, your retirement period is 75 - 65 = 10 years.

2. Inflation adjustment:

You've rightly considered inflation. To estimate future expenses, we need to factor in inflation. A safe assumption for India is 5-7% inflation. Let's take an average of 6%.

3. Current monthly expenses:

You spend Rs 90,000 per month currently.

4. Future monthly expenses:

To find the monthly expense at retirement (at 65), we need to consider inflation for 26 years (39 years till retirement + 10 years retirement).

You can use an inflation calculator online or a simple formula:

Future monthly expense = Current monthly expense * (1 + Inflation rate)^number of years

In your case, Future monthly expense = Rs 90,000 * (1 + 0.06)^26 ≈ Rs 3,28,550 (approximately Rs 3.29 lakh)

5. Total corpus calculation:

Now you can calculate the total corpus needed. Here's a common approach:

Total corpus = Monthly expense * Number of years in retirement * 12 (months)

However, this method doesn't consider the fact that you'll be withdrawing money every month, reducing the corpus. A more accurate method is using the Time Value of Money (TVM) concept. There are online TVM calculators or Excel functions you can use.

Here's an alternative approach that provides a reasonable estimate:

Multiply the future monthly expense (Rs 3.29 lakh) by a factor considering inflation over the period. This factor can vary depending on your risk tolerance and investment strategy. A factor of 200 is often used as a conservative estimate.
Total corpus = Rs 3.29 lakh/month * 200 (factor) = Rs 6.58 crore (approximately Rs 658 million)

Additional factors to consider:

• Daughter's future expenses: Your daughter will be an adult by the time you retire. While she won't be financially dependent, consider any potential future support you might want to provide for her education or marriage.
• Healthcare costs: Healthcare expenses tend to increase with age. Factor in potential medical needs during retirement.
• Debt: If you have any outstanding debt by the time you retire, you'll need to account for its repayment in your corpus calculation.
• Investment returns: The corpus amount assumes a certain rate of return on your investments. Research different investment options and their potential returns to refine your calculations.


Consult a financial advisor for a personalised retirement plan considering your specific financial situation, risk tolerance, and investment goals. They can help you create a more comprehensive plan and suggest suitable investment strategies to achieve your corpus target.

Remember, this is an estimate. Regularly review your plan and adjust it based on changing circumstances.

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Mayank Chandel  |1003 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jun 24, 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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