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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Mar 20, 2024

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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Asked by Anonymous - Mar 19, 2024Hindi
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Career

Hi Sir , I have been working in a company for 3 years as Relationship Manager and that company is not given me appraisal since last 3 years , however , Performance is Good so please tell me what should I do that and I have already spoke to Higher senior management, not solution yet.

Ans: It can be quite disheartening to not receive an appraisal despite good performance and consistent efforts. Here are some steps you can consider taking:

Document Your Performance: Keep a record of all your achievements, targets met, and any positive feedback from clients or colleagues. This will help you build a case for your appraisal.
Request a Formal Meeting: Schedule a formal meeting with your HR department or manager to discuss your concerns. Present your documented performance and ask for specific reasons for the lack of appraisal.
Understand the Policy: Ensure you understand the company’s appraisal policy. Sometimes, appraisals may be tied to factors beyond individual performance, such as company-wide financial constraints.
Seek Feedback: Ask for constructive feedback on your performance. There may be areas of improvement that you’re unaware of, which could be affecting your appraisal.
Explore Internal Opportunities: Sometimes, moving to a different department or taking on new responsibilities can lead to recognition and appraisal.
Consider External Options: If you feel your growth is being stifled, it may be worth exploring opportunities outside your current company.
Professional Advice: Consider seeking advice from a career coach or mentor who can provide an objective perspective and suggest further actions.
Remember, it’s important to approach this situation professionally and to seek a resolution that aligns with your career goals. Good luck!
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Kanchan mam, I feel underappreciated at work. I have been working in this IT research company for 4 years now. No promotion, no increment or bonus. My manager doesn't have the time or feel the need to train me or share feedback. I feel like I am underutilised here and I am always questioning my abilities. How can I get over this phase? What do you suggest I do?
Ans: It's understandable to feel frustrated and undervalued in your current work situation. Schedule a meeting with your manager to discuss your concerns. Express your desire for more challenging work, feedback on your performance, and opportunities for growth within the company. Be specific about what you're looking for and how you believe it will benefit both you and the company.If your manager is unable to provide regular feedback, consider seeking it from other colleagues or mentors within the company. Their perspective can help you gain a better understanding of your strengths and areas for improvement Define your career goals and discuss them with your manager. This can help align your work with your long-term objectives and demonstrate your commitment to professional development.Look for opportunities to take on new responsibilities or projects that interest you. This can demonstrate your value to the company and showcase your skills and capabilities.Consider taking courses or certifications to enhance your skills and stay current in your field. This can make you more valuable to your employer and increase your confidence in your abilities.If you feel that your current job is not meeting your needs, consider exploring other opportunities within or outside the company that align better with your career goals and values.
Remember to approach these steps with a positive attitude and a willingness to take action. By proactively addressing your concerns, you can take control of your career and work towards a more fulfilling professional life.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

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

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

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Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 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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