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Mayank

Mayank Rautela  | Answer  |Ask -

HR Expert - Answered on Sep 29, 2021

Mayank Rautela is the group chief human resources officer at Apollo Hospitals.
A management graduate from the Symbiosis Institute of Management Studies with a master's degree in labour laws from Pune University, Rautela has over 20 years of experience in general management, strategic human resources, global mergers and integrations and change management.... more
Abhishek Question by Abhishek on Sep 29, 2021Hindi
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Career

Dear Sir,
I have yet to enter the job market.
One of the questions I have been asked in three interviews so far is tell me about a time you failed.
How does one answer this question in the right way?
Thank you.
Abhishek

Ans:

Success and failure are part of life.

Self-awareness is important when it comes to personal growth.

Only people who introspect and know when and how they have failed are able to learn from their mistakes and ensure they don't repeat those mistakes.

So, you must be aware of your failures and make them the pillars of your success.

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Workplace Expert - Answered on Mar 12, 2024

Asked by Anonymous - Mar 07, 2024Hindi
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I failed a job interview for the 4th time this year. I am feeling very embarrassed to face my wife who is earning better than me. She has been single handedly taking care of the family and our kids for over a year now. I an MBA with 7 years of wok experience but I lost my job in COVID and have been struggling in my career doing odd freelancing and consulting jobs. I have no money to start a business. I am trying hard to get a job where I can showcase my skills and get a permanent source of income. What should I do to improve my chances of getting a job? Pls suggest something
Ans: I'm sorry to hear about the challenges you're facing in your job search. It's understandable to feel discouraged after multiple rejections, but it's important to remember that setbacks are a natural part of the job-seeking process, especially during difficult times like the COVID-19 pandemic.

Here are some steps you can take to improve your chances of securing a job:

1. Reflect on past interviews: Take some time to reflect on your previous job interviews. Identify any patterns or recurring issues that might be contributing to your rejections. Are there specific skills or experiences employers are looking for that you might be lacking? Are there areas of your interview performance that you could improve upon?

2. Update your resume and LinkedIn profile: Make sure your resume and LinkedIn profile are up-to-date and tailored to the types of roles you're applying for. Highlight your relevant skills, experiences, and achievements that demonstrate your value to potential employers.

3. Expand your job search: Don't limit yourself to just one industry or type of role. Consider exploring opportunities in related fields or industries where your skills and experience could be transferable. Cast a wider net in your job search to increase your chances of finding suitable opportunities.

4. Networking: Reach out to your professional network for support and advice. Attend industry events, job fairs, and networking meetups to connect with professionals in your field. Networking can often lead to valuable job opportunities that may not be advertised publicly.

5. Skill development: Consider investing time in developing new skills or upgrading existing ones that are in demand in your target industry. Online courses, certifications, or workshops can help you stay competitive in today's job market.

6. Practice interview skills: Practice interviewing with friends, family members, or a career coach to improve your interview skills and build confidence. Mock interviews can help you refine your responses to common interview questions and better articulate your qualifications and experiences.

7. Stay positive and resilient: Job searching can be challenging, especially during tough times. Stay positive and resilient in the face of rejection. Remember that each rejection brings you one step closer to finding the right opportunity. Stay focused on your goals and keep pushing forward.

8. Consider temporary or contract work: In the meantime, consider taking on temporary or contract work to generate income and gain valuable experience while continuing your job search. Temporary assignments can sometimes lead to permanent job opportunities and help you expand your professional network.

9. Seek support: Don't hesitate to seek support from your wife, family, or friends during this challenging time. Open up to them about your struggles and lean on them for emotional support and encouragement.

Remember that your worth is not defined by your job title or salary. Stay focused on your strengths, continue to persevere, and keep working towards your goals. With determination and effort, you'll eventually find the right opportunity that aligns with your skills and aspirations.

..Read more

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Ramalingam

Ramalingam Kalirajan  |7070 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 20, 2024

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Sir, in how many years , I can turn 1crore to 20 crore.So that I can retire.Im investing about 1.35lakh as sip every month . Im 44 now . I have about 60 lakh iin different funds now, im hoping to reach a crore 2026.Thanks in advance.
Ans: To achieve a corpus of Rs 20 crore with your current financial inputs, let's break it down step by step:

Your Current Investments and SIP Plan
Current Investment: Rs 60 lakh (expected to grow to Rs 1 crore by 2026).
Monthly SIP Contribution: Rs 1.35 lakh.
Expected Rate of Return: 12% annually.
Timeframe to Reach Rs 20 Crore
With a starting corpus of Rs 1 crore (by 2026) and continuing a SIP of Rs 1.35 lakh monthly at 12%, it will take 23 years to grow to Rs 20 crore.
By the time you turn 67 years old, your desired retirement corpus can be achieved.


Key Assumptions
The 12% return assumption is realistic for equity-heavy portfolios. However, past performance is no guarantee for the future.
The SIP contributions should continue consistently without interruption for the given timeframe.
Inflation and changing lifestyle expenses are not considered here.

Points to Consider
Diversify Your Investments: Ensure your portfolio includes a mix of equity and debt. Adjust allocations as you approach retirement to reduce risk.

Monitor Progress Regularly: Periodically review your investments and returns. Rebalancing may be necessary to stay aligned with your goal.

Increase SIP Contributions Gradually: With rising income, consider increasing your SIPs by 5-10% annually to reduce the timeframe.

Emergency Fund and Insurance: Ensure you have a robust emergency fund and sufficient term insurance to secure your family.

High-Level Suggestion
We can fine-tune the investment strategy and assess the risks involved in detail.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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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