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Workplace Expert - Answered on Jan 30, 2024

Career Coach is a recruitment expert with experience in hiring, training, upskilling and leadership management. ... more
Asked by Anonymous - Jan 19, 2024Hindi
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Career

Tell us why you wish to leave your current job. This is a very common question asked by employers in a job interview. What is the correct way to answer this question?

Ans: When responding to the question about why you want to leave your current job in a job interview, it's crucial to convey a positive message and avoid speaking negatively about your current or previous employers. Here's a paraphrased version of the tips:

1. Highlight career advancement: Stress your interest in professional growth and how the new position complements your long-term career objectives, showcasing a forward-thinking attitude.

- Example: "While I've gained valuable experience in my current role, I see this new opportunity as a chance for continued growth and development in alignment with my career goals."

2. Emphasize positive aspects of the new job: Showcase what attracts you to the new role, such as the company's values, mission, or specific job responsibilities. Frame your response around a positive change rather than escaping something negative.

- Example: "I'm enthusiastic about joining a company that prioritizes innovation. I believe my skills are well-suited to the challenges presented by this new role."

3. Refer to personal circumstances: If applicable, mention changes in your personal life (e.g., relocation, family situations) that prompt your job search, emphasizing that it's unrelated to dissatisfaction with your current job.

- Example: "Due to recent changes in my family situation, I'm seeking a position that offers a better balance between my professional and personal commitments. I believe this new opportunity provides that balance."

4. Steer clear of negativity: Avoid criticizing current or past employers, colleagues, or company culture. Keep your comments positive to present yourself in a favorable light.

- Example: Instead of expressing dissatisfaction with management, say something like, "I'm looking for a work environment that aligns more with my collaborative and team-oriented approach."

The key is to convey your enthusiasm for the new opportunity and how it aligns with your career goals, without dwelling on any negative aspects of your current or past roles.
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Career Coach  |48 Answers  |Ask -

Workplace Expert - Answered on Sep 16, 2024

Asked by Anonymous - Aug 23, 2024Hindi
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Career
I want to write an email stating I want to resign from my current organisation and employer but I don't want to give a reason for leaving. Can you please suggest how I can do it?
Ans: Here's a format of the email you can use:

Subject: Resignation from [Your Position]

Dear [HR Manager's Name],

Please accept this as a notification of my resignation from my position as [Your Position] at [Company Name], effective [Last Day of Work].

I have thoroughly enjoyed my time at [Company Name] and appreciate the opportunities and experiences I have gained.

Thank you for your understanding.

Sincerely,
[Your Name]
[Your Contact Information]


Discussing Resignation with Your Manager:

When discussing your resignation with your manager, aim for a respectful and professional conversation. Here's how you can approach it:

• Be Direct and Brief: Clearly state your intention to resign and the effective date. Avoid going into lengthy explanations or dwelling on negative aspects of your role.

• Focus on the Positive: Emphasize the positive experiences and opportunities you've had at the company. This shows appreciation and maintains a professional tone.

• Avoid Giving Reasons: If you prefer not to disclose your reasons for leaving, simply state that you're pursuing a new opportunity. You don't owe your employer an explanation.

• Offer Assistance: Be willing to help with a smooth transition, such as training your replacement or completing ongoing projects. This demonstrates your professionalism and commitment to the company.

• Maintain a Positive Attitude: Even if you're leaving for reasons you're not comfortable sharing, try to maintain a positive and respectful demeanor throughout the conversation.

Dos and Don'ts:

• Do: Be polite and respectful, even if you're frustrated or disappointed.
• Do: Offer to help with the transition.
• Do: Express gratitude for the opportunities you've had.

• Don't: Badmouth the company or your colleagues.
• Don't: Get into arguments or heated discussions.
• Don't: Burn bridges by leaving on bad terms.

Remember, your resignation should be handled professionally to maintain a positive relationship with your employer and colleagues. By following these guidelines, you can have a respectful conversation and leave the company on good terms.

All the best!

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Milind Vadjikar  |741 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 03, 2024

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Money
What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
The fund house will:
1. Pay out investors based on the fund's last recorded Net Asset Value (NAV) and the number of units the investor holds, after deducting expenses.

2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

The stocks and bonds purchased by the AMC for the fund are held by a custodian, appointed by the trust that administers the fund.

The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
X: @mars_invest

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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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