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Mayank

Mayank Rautela  | Answer  |Ask -

HR Expert - Answered on Jul 01, 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
Ghanshyam Question by Ghanshyam on Jul 01, 2021Hindi
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Career

Respected Sir,
I read your column about facing interviews.
I am suffering from unemployment.
I am a BTech (Electrical) graduate. I earned by degree in 2017 and have been consistently preparing to get a job.
I have cracked GATE 20/21 but did not get a merit rank.
Please, Sir, guide me on how to get a job. I am 25 years old. Please suggest the possible sectors where I will do well.
Please, Sir, knock this problem out for me. I am in dire need of a job.
Thank you, Sir.
Ghanshyam

Ans:

Hi Ghanshyam.

Don't give up hope!

You are a bright young engineer and there is always a dearth of good engineers.

Keep upgrading your knowledge by doing relevant courses in your field.

I would say most industries are hiring engineers.

With the Make In India initiative, more jobs will open up in the manufacturing sector and that certainly needs electrical engineers.

Explore opportunities in the Middle East as well.

Career

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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Nov 03, 2023

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Career
Hi Abhishek, I have around 15 years of experience in HR generalist role. I have done my education in distance mode while I am on job. I started my career as data entry operator in HR and rose upto the level of manager in infrastructure industry from 2007 to 2020 from 2021 to 2022 nov I have worked in ITES US staffing firm. Due to health and personal issues I had to quit the job. From 2023 Jan onwards I am searching for job but of no use till date I am unemployed I have to pay EMI every month. I am unable to figure out why my profile is working in the market. Is it my education background which is hampering my chances or what I am unable to figure out. Can u please help me to understand and figure out how to come out of the situation to land in a job.
Ans: Hi Ramgopal,

I'm sorry to hear about the challenges you're facing in your job search. It's not uncommon for experienced professionals to encounter difficulties when re-entering the job market, and there could be several factors at play. Let's explore some potential reasons and strategies to overcome them:

Education Background: While you mentioned that you pursued your education through distance learning, it's essential to highlight your years of work experience. Many employers prioritize practical experience over formal education, especially in HR roles. Ensure that your resume and cover letter emphasize your extensive 15 years of experience and the skills you've gained during that time.

Resume and LinkedIn Profile: Make sure that your resume and LinkedIn profile are up-to-date, professional, and tailored to the roles you're applying for. Highlight your achievements, skills, and certifications relevant to HR or staffing.

Networking: Leverage your professional network. Reach out to former colleagues, supervisors, and contacts you've made during your career. Attend industry-specific events, conferences, and webinars to network and stay updated on industry trends.

Job Search Strategy: Be strategic in your job search. Target companies and roles that align with your experience and skills. Tailor your application to each job, emphasizing how your background makes you a strong candidate.

Skill Enhancement: Consider updating your skills to align with the current HR and ITES industry requirements. You may want to take online courses or certifications to boost your qualifications and demonstrate your commitment to ongoing professional development.

Interview Preparation: If you're getting interviews but not job offers, work on your interview skills. Practice common HR interview questions and refine your responses. Focus on showcasing how your experience is an asset to potential employers.

Consult a Career Coach: Consider seeking guidance from a career coach or mentor who can provide personalized advice and help you identify areas for improvement.

Be Patient and Persistent: The job market can be competitive, and job searches can take time, especially when you've been out of work for a period. Stay persistent and keep applying to positions that match your skills and experience.

Financial Planning: Given your EMI commitments, it might be wise to revisit your budget and explore options for temporary or part-time work to help manage your financial obligations while continuing your job search.

Self-Care: Lastly, it's essential to take care of your health and personal issues. A healthy and balanced mindset can positively impact your job search efforts.

Remember that job searches can be challenging, and rejection is a part of the process. Stay resilient, keep refining your approach, and you'll increase your chances of landing a suitable role in the HR or ITES industry. If you encounter specific challenges along the way, consider seeking advice from professionals in your network or career experts.

Best regards,
Abhishek Shah

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |7204 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 04, 2024

Asked by Anonymous - Dec 04, 2024Hindi
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Money
I m 44 looking for retirement at 50 current portfolio 1 cr in mf ,1 cr in pms , 20 lac in ppf ,60 lac in fd and have one real estate asset of 2cr which i will sell in next 6 years and settle at home loan of 65 lac Please suggest strategy for future expense on 2 lac per month
Ans: Your portfolio showcases disciplined investments:

Rs. 1 crore in mutual funds.

Rs. 1 crore in PMS.

Rs. 20 lakh in PPF.

Rs. 60 lakh in fixed deposits.

A real estate asset worth Rs. 2 crore to be sold in 6 years.

A home loan liability of Rs. 65 lakh.

You aim for Rs. 2 lakh monthly expenses post-retirement at 50.

This diversified portfolio indicates a strong foundation. Let us optimise it for sustained income and financial stability.

Key Priorities
Generating a stable income post-retirement.

Protecting against inflation and rising costs.

Ensuring liquidity and tax efficiency.

Preparing for contingencies, such as medical expenses.

Strategy for Future Expenses
Step 1: Use Real Estate Sale Proceeds Strategically
Selling the property in six years will generate Rs. 2 crore.

Pay off the home loan of Rs. 65 lakh to become debt-free.

Invest the remaining Rs. 1.35 crore in instruments providing monthly cash flow.

Consider options like SWPs from mutual funds and balanced allocation.

Step 2: Strengthen Mutual Fund Investments
Diversify across large-cap, mid-cap, and balanced advantage categories.

Continue holding actively managed funds for long-term growth.

Use a Certified Financial Planner (CFP) for advice on optimising fund selection.

Prioritise regular funds through an MFD with CFP credentials over direct plans.

Step 3: Redeploy PMS Investments
Evaluate the performance of your PMS portfolio.

PMS often has high fees and limited flexibility.

Move funds to mutual funds for better cost efficiency and liquidity.

Allocate to equity mutual funds for higher long-term growth potential.

Step 4: Optimise PPF and Fixed Deposit Holdings
Continue PPF contributions for tax-free, stable returns.

PPF is a low-risk asset and complements equity investments.

Fixed deposits should be reduced to avoid overexposure to low-yield instruments.

Reinvest part of the FD corpus into debt mutual funds for better returns and tax efficiency.

Step 5: Create an Emergency Fund
Set aside Rs. 10-12 lakh as an emergency fund.

Use a mix of liquid funds and high-interest savings accounts for this purpose.

This fund should cover unexpected expenses like medical emergencies or sudden repairs.

Step 6: Plan for Retirement Income
Invest in a systematic withdrawal plan (SWP) for steady income.

Use Rs. 2 crore from mutual funds and PMS, allocating for growth and stability.

Ensure a mix of equity and debt for inflation-adjusted returns.

Focus on capital preservation while generating income.

Addressing Inflation
Inflation will erode Rs. 2 lakh’s purchasing power over time.

Invest in equity and balanced funds for long-term growth.

Review investments every year to rebalance based on inflation trends.

Tax Efficiency
Mutual fund capital gains attract taxes as per the new rules.

Equity mutual funds: LTCG above Rs. 1.25 lakh taxed at 12.5%.

Debt mutual funds taxed as per your income tax slab.

PPF is tax-free and should remain untouched till maturity.

Strategise withdrawals to minimise tax liability.

Healthcare and Insurance Planning
Assess your existing health insurance.

Upgrade your coverage if needed, keeping future medical inflation in mind.

Build a dedicated healthcare corpus.

Consider critical illness coverage for additional protection.

Retirement Lifestyle Adjustments
Maintain a lifestyle matching your retirement income.

Control discretionary spending to extend the portfolio's longevity.

Track expenses and ensure spending stays within the planned budget.

Final Insights
Your existing portfolio reflects strong savings discipline.

Focus on reallocating low-return assets to higher-yield investments.

Plan withdrawals and investments for tax efficiency and inflation protection.

Regular reviews with a Certified Financial Planner will ensure alignment with goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Prof Suvasish

Prof Suvasish Mukhopadhyay  |229 Answers  |Ask -

Career Counsellor - Answered on Dec 04, 2024

Asked by Anonymous - Dec 03, 2024Hindi
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Career
Hello sir /madam Kindly advice for my son who has completed Btech with specialization in big data from SRM University with 8.1 cgpa in 2023 Last year in jan 2023 he did 1 internship for 3 months in cognizant which was through college placement, but they didn't call him for regular job after completion of internship though it was internship leading to placement program Then he was also selected in tcs ninja program through college placement itself and they provided him ilp training in trivandrum for 2.5 months but he couldn't clear their PRA test and was asked to resign from the company Ever since he has passed his graduation, he has been trying to get offcampus placement also but somehow he doesn't get selected Sometimes he is out after GD round ,sometimes after 1 or 2 rounds ,he doesn't get any answer from the concerned company Hence he is unemployed till now I am worried about his career, can you please guide as to what should he do to get placed soon Thanks
Ans: I think repeated failure enhanced his stress level and second thing is 24 X7 discussion about placement in home. Let him relax for seven days. You and other family members don't discuss about his placement hence onward. Let him improve his communication skill and see the style of giving a good interview from you tube videos. The most important thing is let him appear for the next interview very boldly with zero hope. That zero hope and boldness will bring a positive result. Apart from REDIFF GURU I do global counselling through social media. So be rest assured this medicine will work. Best of luck to your son. Just follow me. GOD BLESS HIM. Professor..................................:)

...Read more

Prof Suvasish

Prof Suvasish Mukhopadhyay  |229 Answers  |Ask -

Career Counsellor - Answered on Dec 04, 2024

Asked by Anonymous - Nov 24, 2024Hindi
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Career
My daughter Passed out 9.5gpa and was offered job with TCS and Tech Mahindra almost few weeks apart from each other in the month of July end 2024 and offer was given for TCS in July first week and Tch Mahendra in end July,but tech Mahindra followed up with Joining letter immediately,but my daughter choosed TCS it has been three months since but no Joining letter received,2weeks back was asked to attend an exam which she undertook ,why so much delay by TCS? Was it a wrong decision to let go off Tech Mahindra?Pls reply also suggest what to do now? should we wait or look out elsewhere?
Ans: Yes. Certainly it was a wrong decision. A bird in hand is worth than two birds in bush. She must have accepted the offer of Tech Mahindra, After selection why TCS is again taking test? This is not ethical. But now if she approaches Tech Mahindra probably she won't get a response. So try elsewhere. Mind that DECISION DECIDES DESTINY. If your decision is wrong you are bound to fail. So no more lamenting over the spilt milk. In future take correct decision. Secondly her GPA is too high. Many times organizations don't select very high GPA candidates, because their stability becomes a question mark. Due to very high GPA they never become satisfied with any job. They always think they are underpaid and deserve more. Please keep one thing in mind once you join a job your GPA becomes dead, then your performance will decide your future prospects. Just follow me. Best of luck to her. GOD BLESS HER. Professor................:)

...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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