|Work best for people aged 25-40 years|
Because:These are long-term products that need an investment horizon of at least 10 years to yield maximum benefits
|Is a good investment after life insurance|
Because:They combine basic insurance with mutual fund
|It could also work as entry-level mutual fund|
Because: It allows you to switch across funds at lowest cost
|Low-cost mutual fund in the long term|
Because:Annual fund management charges in Ulips are around 1% compared with 2-3% charged by equity mutual funds
|Allow liquidity to the investor|
Because:All or part of corpus can be withdrawn after 3 years
Like any product’s life cycle; your learning curve has also reached its pinnacle and is now heading for a crash landing. It is time to re-launch yourself in a new environment with new people. It is just a matter of proving yourself once again. What went wrong:
• Was your expertise in line with your area of work?
• Were you “seen” by the right people at the right place?
• Was your contribution significantly recognised and appreciated?
• Finally—are you leaving your boss or your company?
If you have an affirmative to all the above, then quit your present job now. Any longer could be disastrous for you.
A few tips for the next one:
• Understand the expectations of the new role.
• People management will be the key to success.
Mantra for now—save the relationship. You have done some things right and some moves have been shakers for you. It is the right time to unleash your true potential and take credit that is due. Analyse why it’s not working for you:
• You might be looking towards another challenging assignment.
• Your boss appreciates the team for the work you have done.
Take charge and reinforce your efforts for others to notice. To peg yourself one step higher, you need to stand out. People view you as a cooperative and contributing member of the team. But move on now, take the lead. Remedial steps you should urgently take:
• SWOT yourself and take independent initiatives.
• Look for a mentor to help boost your inner drive.
You have not lost the race yet. You can shine here too. Save yourself the effort of finding another job.
Our question to you is—why? You are doing well, the company is happy, you are aptly rewarded, the best assignments come to you and your existence is valued by the company. It is a win-win situation for you already. Changing jobs may not be the best idea at all. Let’s see what goes right for you first:
• Your passion shows in all that is entrusted in you.
• A new initiative—your name is the first trigger.
• You lead by participation and set examples.
• Your ideas are heard, executed and are quite successful.
The company believes in your development and has plans for you. You’re recognised as the talent for the future as you can shoulder additional responsibilities. But remember, don’t let overconfidence rule your head. Complacency is the number one enemy of success. When all your assignments are a near success arrogance can become a part of your attitude as you look for greener pastures. Balance between your heart and mind is important. Lead teams with involvement and not coercion. Another crucial aspect you need to take into account is networking within the organisation. March ahead confidently towards your next career goal. Don’t quit.
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