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Career Crossroads: Confused About My Next Move!

Onkar

Onkar Singh  |18 Answers  |Ask -

Career Management, Skills Development Expert - Answered on Aug 23, 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
Madhuri Question by Madhuri on Aug 16, 2024Hindi
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Career

Hello Sir! I have total versatile experience of 21 years in Back Office Operations (5 years), Procurement Manager (5 years), Program Manager of Content Development Team (4 years), Marketing – Onboarding companies for placing our students for a 3-year internship (Earn and Learn) (2 years) PA to JMD along with Recruitment Officer (at present) in one company only, working from 2003. However, when I received the role of Recruitment (from April 2021), I found it interesting and quite challenging and to discover new networks and studying the vast topic of HR. After 2 years of recruitment (self-learned the process), I enrolled in two certification programs viz. HR Analytics (from CHRMP) and HR Generalist (Payroll, Talent Acquisition and Strategic Human Resource Management) – (from Protouch with SHRM and HRCI Certification). I am trying internally for a shift in my present company however, I can’t proceed here. Simultaneously, I am looking for Talent Acquisition or Recruiter positions outside my office and applying the same but could not succeed. I feel and think, that companies might be thinking why she is shifting now and secondly, my overall experience is good, but core TA experience is 4+ years. Present CTC is Rs.14 Lakhs and I am looking for a CTC of Rs. 19 Lakhs. I request you to please guide me how I should proceed further – should I stay in my company or look outside. If looking outside for the opportunities, then what measures I should take for receiving a good job offer and salary package. Thanking you Regards, Madhuri Shinde

Ans: Hi Madhuri,
You have impressive experience and a great mindset of constant learning. My suggestion would be to continue looking for relevant roles inside your current company, where you have greater chances of success. There's no harm at all in trying outside. I would suggest reaching out to relevant folks within your company and even outside using platforms like LinkedIn. Your expectations are realistic, and you should soon land a role and the package that you're aiming for. All the best!
Asked on - Aug 23, 2024 | Answered on Aug 23, 2024
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Thank you so much Sir for your reply!
Ans: You are welcome!
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Nayagam P

Nayagam P P  |3709 Answers  |Ask -

Career Counsellor - Answered on Aug 16, 2024

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Hello Sir! I have total versatile experience of 20 years in Back Office Operations (5 years), Procurement Manager (5 years), Program Manager of Content Development Team (4 years), Marketing – Onboarding companies for placing our students for a 3-year internship (Earn and Learn) (2 years) PA to JMD along with Recruitment Officer (at present) in one company only, working from 2003. However, when I received the role of Recruitment, I found it interesting and quite challenging and to discover new networks and studying the vast topic of HR. After 2 years of recruitment (self-learned the process), I enrolled in two certification programs viz. HR Analytics (from CHRMP) and HR Generalist (Payroll, Talent Acquisition and Strategic Human Resource Management) – (from Protouch with SHRM and HRCI Certification). I am trying internally for a shift in my present company however, I can’t proceed here. Simultaneously, I am looking for Talent Acquisition or Recruiter positions outside my office and applying the same but could not succeed. I feel and think, that companies might be thinking why she is shifting now and secondly, my overall experience is good, but core TA experience is 4 years. I am looking for a CTC of Rs. 18 Lakhs. I request you to please guide me how I should proceed further – should I stay in my company or look outside. If looking outside for the opportunities, then what measures I should take for receiving a good job offer and salary package. Thanking you Regards, Madhuri Shinde
Ans: Madhuri Madam, You have NOT mentioned about your Current Salary Package.

Please note, as you have correctly mentioned that your Core TA (Talent Acquisition) Experience is just 4-years, for which it is very difficult to get a job with 18.00 Lacs CTC. (almost 1.5 lacs/month). Also, please note, you have been handling only one of the functions of HR i.e. Recruitment/Staffing. If you expect 18.00 Lacs CTC, you should have had PRACTICAL experience in maximum number of HR functions such as Pay Roll, Training & Development, Staffing, MPP (Manpower Planning), Performance Appraisal, Labour Law Compliance, Employee Benefits, Knowledge of about various Labour Laws such as Industrial Disputes Act, Workmen's Compensation Act, ESI, PF, Gratuity etc.

As you have been doing 2-Certifications & have worked in the 'Staffing/Recruitment/TA' Function, you might be well-aware that 'Line' Function attracts more salary than 'Staff' Function.

Suggestions:

(1) It is better to continue with current employer and keep upgrading skills and researching about all Functions of HR/Personnel Management/Industrial Relations.

(2) Have a Professional LinkedIn Profile, Connect with HR Professionals (not to ask for jobs) but to gain knowledge/views from them, Keep writing views/articles in LinkedIn on 'HR', put Job Alerts for Senior HR Position, get notifications & if you feel, your profile matches with the JD of job vacancies in HR, you can keep applying for the same.

(Views based on my experience: Having Completed PGDIR/PM from Delhi, Labour Law from Madras University & Diploma in Training & Development from ISTD-Delhi & Worked in Delhi/Muscat/Chennai in HR/Administration Department).

All the BEST for Your Bright Future, Madhuri Madam.

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Nayagam P

Nayagam P P  |3709 Answers  |Ask -

Career Counsellor - Answered on Aug 26, 2024

Asked by Anonymous - Aug 15, 2024Hindi
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Hi ! I am a multi-skilled professional with specific education in Sports Medicine from USA & experience based skills in Admin & HR. In 1993, i was hired as a consultant in the best health clubs in South Delhi & in 1994 hired as a Consultant to design & manage Fitness Centers by DDA Sports wing, New Delhi. By 1996, my performance in DDA Sports Complexes was considered exceptional & based on my unique contribution I was offered a Sr. Mgr. position, a permanent position by DDA, which I politely declined, as being an entrepreneur in Fitness Industry, I didn't have the mindset for a Govt. Job that time. I did qualify many interviews Sr. position jobs in 5 Star Hotel Health Clubs in Delhi & Mumbai & the biggest Weight Management Centre chain in Delhi from 1993 to 1999, but didn't take up these assignments, as they seemed a cake walk for me. In year 2000, I had applied for Sr. Mgr. position jobs in Hotel Burj Khalifa, Dubai & other 5 stars in middle East, I was conveyed by the HR of these world class 7 star hotels that I qualify technically but need more Managerial Experience. That's how, I landed up management jobs in private Manpower co's in Admin & HR, worked very hard and progressed from Sr. Mgr to CEO positions within 10 years. I am 57 years now (but as Fit as a 30 yr old guy) and currently function as HR Consultant for a major Educational Institution in South Delhi & a few private firms. I want to qualify a Sr. HR position full time in some big private company. But, my resume sent to any big company does not yield any response. Either positions don't open frequently in big co.'s or resumes are never looked at? I fail to understand. By the God's grace, I have never failed an interview in my life, but unfortunately not getting the right opportunity now. Pls. advise further to achieve my dream job.
Ans: Sir, Your age is a major factor, why most companies do not shortlist your Resume or call for an interview to recruit you as a Permanent Employee.

Secondly, through which sources you are applying? Newspapers? Job Portals? LinkedIn? Please fine-tune your Resume and your LinkedIn Profile. Put Job Alerts in LInkedIn for Sr. Position in HR/Administration Department. Keep applying for jobs whenever you get notifications of job vacancies, matching your profile.

You can also try for 'ADVISOR' post for HR Functions (or) try at Manpower Consultant Firms.

All the BEST for Your Bright Future, Sir.

To know more on ‘ Careers | Education | Jobs’, ask / Follow Us here in RediffGURUS.

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Milind

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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Money
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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Career
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

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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Money
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

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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Money
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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