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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Nov 03, 2023

Abhishek Shah is an experienced tech and HR leader. He has over 10 years of experience in helping create sustainable thriving businesses, leveraging technology and mentoring people. He founded Testlify, a talent assessment platform in 2022. He is passionate about helping founders build high-performing tech teams. ... more
Raghvendra Question by Raghvendra on Oct 30, 2023Hindi
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What is the potential salary for fresher and experienced HR in Indian companies?

Ans: Hi Raghvendra,

The salary for HR professionals in India can vary significantly depending on several factors such as the location, industry, company size, and individual qualifications and experience.

Fresher HR Professionals:
Entry-level HR positions, such as HR assistants or HR coordinators, can typically expect a starting salary of around INR 2.5 to 4 lakhs per annum.
Some companies in metropolitan areas may offer slightly higher starting salaries, but it can vary widely.

Experienced HR Professionals:
The salary for experienced HR professionals can vary greatly based on their years of experience, the size and reputation of the company, and their specialized skills.
HR Generalists with 3-5 years of experience can earn anywhere from INR 5 to 10 lakhs per annum.
Senior HR Managers with 8-10 years of experience may earn between INR 10 to 20 lakhs per annum.
HR Directors or HR Heads in larger organizations can command salaries ranging from INR 20 lakhs to several lakhs per annum.

These are approximate figures and can vary. Additionally, the salary for HR professionals can be influenced by the cost of living in the specific city or region where they work. Metropolitan areas like Mumbai, Delhi, and Bangalore often offer higher salaries compared to smaller towns and cities.

It's also important to consider that HR roles can be quite diverse, including areas like recruitment, compensation and benefits, employee relations, talent development, and more. Specialized roles may command higher salaries based on the demand and expertise required.

Best regards,
Abhishek Shah
Career

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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Feb 13, 2023

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ISB Hyderabad good for MBA in HR ? In terms of placement at a reasonable pay package. Also, considering future prospects.
Ans: Hello Gaurav,

Yes, the Indian School of Business (ISB) in Hyderabad is a highly regarded institution for an MBA in HR. ISB has a strong reputation for providing students with excellent education and training in business, management, and related fields, including HR. With a rigorous curriculum, experienced faculty, and a vast network of alumni and industry connections, ISB is well-positioned to prepare students for successful careers in HR.

In terms of placement, ISB has a strong track record of placing its graduates in top companies and organizations, with many securing high-paying jobs. The school's Career Management Services (CMS) provides students with personalized support and guidance in their job search, and helps to connect them with potential employers. With a strong focus on career development, students at ISB can expect to receive the support they need to secure a job with a competitive pay package.

In terms of future prospects, an MBA in HR from ISB can open up a wide range of career opportunities, both within and outside of the HR field. Graduates can pursue careers in human resource management, talent management, employee relations, compensation and benefits, training and development, and many other related areas. The skills and knowledge gained through an MBA in HR at ISB will also be valuable in a range of other business and management roles.

MBA in HR from ISB Hyderabad is a good choice for those interested in pursuing a career in this field. With its excellent reputation, strong placement record, and focus on career development, ISB is well-positioned to help students achieve their goals and secure a high-paying job with a bright future.

I hope this helps. Good luck.

Regards,
Abhishek

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Nayagam P

Nayagam P P  |3802 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.

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

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Milind

Milind Vadjikar  |350 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 05, 2024Hindi
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I am 41 years old........ I am earning approximately 1.7 lakh per month...... My family liability is approximately 50000 per month.......i have a liability of 10 lakh home loan for which i am paying 12500 monthly EMI.......my investment include 40000 per month in PPF, 4200 in NPS and 3 lakh invested in mutual funds......I own a house worth 70 lakh and a plot of land worth 30 lakh.......please guide me for my forther planning as i will retire at age of 54 on 2037.
Ans: Hello;

If you are sure about not using the land plot in future then I suggest you sell it and invest the proceeds into mutual funds.

So land sell proceeds(30 L) + existing corpus of 3 L if stays invested in pure equity mutual funds for next 13 years, it will yield you a corpus of 1.62 Cr.

Also I recommend you to start a monthly sip of 50 K into pure equity fund for 13 years. At the end of 13 years it may yield you a corpus of around 2.04 Cr. (A modest return of 13% is assumed for all mutual fund investments)

NPS investment will not mature till you reach 60 so I am keeping it out of our working.

Your contribution of 40 K per month to EPF+PPF(PPF contribution cannot be more then 1.5 L per person per year) will grow into a corpus of 1.1 Cr after 13 years.(A modest return of 8% is assumed)

So your comprehensive corpus in 2037 will be 1.62+2.04+1.1= 4.76 Cr.

If you buy an immediate annuity from an insurance company for your corpus of 4.76 Cr, you may expect a monthly payout of 1.66 L(post tax) considering annuity rate of 6%.

If you don't want to sell the land parcel then I recommend you to start an sip of 60 K per month for 13 years. This may yield you a corpus of 2.45 Cr after 13 years.

3 L current MF corpus will grow to 0.1469 Cr after 13 years

So your comprehensive corpus now is 2.45+1.1+0.1469=~3.70 Cr

If you buy an immediate annuity from an insurance company for your corpus of 3.7 Cr then you may expect to receive a monthly payout of 1.3 L(post tax).

Further NPS will yield you a corpus of 25.5 L at the attainment of 60 years of age.(9% return considered; hoping you will continue to contribute after your retirement at 54 age)

I am sure you have adequate term life insurance and healthcare insurance for yourself and family.

You are ready to retire at 54 as planned.

Happy Investing!!

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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Radheshyam

Radheshyam Zanwar  |968 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Oct 07, 2024

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My son is doing his XII Standard in CBSE Curriculum with Maths,Physics, Chemistry and Biology as his group. He is yet to decide on what next after XII with his mind wavering between Astro Physics or Micro Biology with NEET in mind. Any guidance is welcome.
Ans: Hello Srinivasan.
I am glad to hear that your son is exploring diversified fields at this early stage. Astrophysics and Microbiology both are fascinating and rewarding paths, but they differ significantly in terms of the career options and the type of studies involved.
My suggestion for your son would be to focus only on the NEET examination at this stage. There is no need to divert the mind without any reason at this stage. After the NEET examination is over, you have ample time to discover more career options along with Astrophysics and Microbiology. The inclination toward career options of a student changes multiple times during the 11th and 12th. If he is brilliant, a hard worker, and dedicated to his studies, then set a goal of Min 650 marks in the NEET examination.
For Astrophysics: Focus on excelling in Physics and Maths in XII. He can apply to top institutions like IISc, IITs, or IISERs for B.Sc. programs.
For Microbiology: Prepare for NEET if he wants to take the medical path. Otherwise, he can explore a B.Sc. in Microbiology at a reputable university.

Best of luck for his future career and upcoming NEET examination.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

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Milind

Milind Vadjikar  |350 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 07, 2024Hindi
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Now I'm 43 years old, but next 5 year's I need 3cr with best mutual funds to invest and son education, marriage and my retirement, currently I have housing loan commitment. 70lakhs, how should I close my loan ASAP and I should have 3cr in my hand. Kindly help me, I'm in scary situation, I'm working in private sector 95k my take home and current home loan emi is 63k, 4500 recently started investment through groww app in parakh Parikh small fund, 12500 in PPF etc, kindly help. I'm completely in debt trap.
Ans: Hello;

General Comments:
People always delay retirement planning for later stage but this is not ok.

Because when you are young the investible surplus amount maybe less but you have the biggest resource, time on your side.

A mere 25K monthly sip can achieve 3 Cr in 20+ years

Query Specific Comments:
If you need this corpus in 5 years then you need to make a monthly sip of 3.55 Lacs Minimum to reach 3 Cr corpus in 5 yrs.(modest return of 13% considered).

Focus on improving your earning because then you can earmark larger amounts for investing towards your goals.

Also try to prepay the home loan as early as possible through EPF corpus or some asset sale.

Do not panic if you diligently pre-close the home loan you have ample time to invest and create a comfortable corpus for your goals.

Continue investing in MFs with increasing allocation, PPF to reach your goals.

Happy Investing!!

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

Milind

Milind Vadjikar  |350 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 07, 2024

Asked by Anonymous - Oct 07, 2024Hindi
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Money
I am 24 years old and earn a monthly salary of Rs.65,000. I am interested in investing some of my funds for future financial security and am also planning to marry in two years. As I have no prior knowledge of investment, I would greatly appreciate guidance on this matter.
Ans: Hello;

First and foremost buy a good term life cover including riders for critical care and accident benefit.

Ensure that you can top-up the sum assured later when you grow your responsibilities after marriage.

For retirement planning you should consider investing in NPS. If your office provides it well and good but otherwise also you can open NPS account and contribute regularly for financing your retirement. It's an E-E-E type of scheme. Charges are quite low and you can decide to select allocation to the asset classes like equity, corporate debt or sovereign bonds as per your risk tolerance. It allows limited withdrawal before 60.

If you decide to contribute to NPS per month an amount of 20 K, it will grow into a corpus of 6.51 Cr by the time you are 60 years of age.(A modest return of 9% is considered)

For all other goals such as marriage, house, kid's education, car, vacation you can use mutual funds as your mode of investments.

If you do a monthly sip of say 15 K into a pure equity mutual fund then at the end of 5 years you may expect to receive a corpus of 12.72 L considering moderate return of 13%.

Happy Investing!!

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.

...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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