When I finally got up the nerve to ask for my first raise after nearly two years on the job in the media industry, I knew that being at a larger company meant that getting a raise would require running my request up the corporate ladder. But after more than six months after making my initial ask, I hadn’t received an update. In the meantime, multiple colleagues had been given raises because they brought in outside offers that my organization then matched. advertisement advertisement My supervisor confirmed that the company culture had evolved to where employees could usually only get a pay bump after coming forward with another job offer. I explained I didn’t want to exit; I just wanted to be compensated for the increased responsibilities I had taken on. Another senior-level colleague advised I look for a job I had no intention of taking just to make our organization budge. So, feeling undervalued and discouraged, I reluctantly started applying for … [Read more...] about How to deal with the problem of needing another offer to get a raise
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Liquid mutual funds are mutual funds that invest in debt instruments and money market instruments. Liquid funds have a tenure of up to 90 days i.e. nearly three months. However, if you are an investor putting in your money in liquid funds, you need to know that you can only invest up to Rs 10 lakh.The NAV of the liquid fund is calculated for 365 days, whereas the NAV of other funds is calculated only on the basis of business days. Benefits of liquid Mutual FundsHere are the key advantages of liquid funds which make them an attractive option for the investors:Close Minimal lock-in period - Lock-in periods can range from 3 days to 3 months maximum. This means that you have access to instant liquidity in case of any emergency. You can sell the units without any hassle without any exit load. related news CIC issues show-cause notice to RBI for casual approach to its notice Japan government approves economic stimulus package to combat overseas risks Oil rises as OPEC … [Read more...] about Liquid Funds: What are Liquid Mutual Funds in India?
No matter how desperate you are for a job, or how annoyed you may be at your current gig, there are some companies you’re better off not working for. Even if the money is good, the role seems irresistible, and even your friends say it’s worth a shot, accepting a role at a crappy company can set your career back and even jeopardize your future success. advertisement advertisement So how do you know which companies to steer clear of? Here at Glassdoor, we don’t like to point fingers because all companies have the tools to change. Nevertheless, here are 7 types of companies that might as well have “Do not apply” flashing on a neon sign in the window. 1. The high turnover outfit Red flags: Key roles pop up consistently on a company’s job site. How bad is it: A company should not be on the hunt for the same important roles in management or leadership every six months, and if they are that means that they have fallen into a hire-and-fire cycle. … [Read more...] about These are the 7 types of companies that you should stay away from
Moneycontrol BureauThe Reserve Bank of India (RBI) left the repo rate unchanged in its December policy review while maintaining accommodative stance, as it expects past monetary easing and measures taken by the government to feed into the real economy gradually.All six members of Monetary Policy Committee (MPC) voted in favour of a pause, the central bank said in a statement on December 5.Close To catch all the action from the Monetary Policy Meet, click here related news RBI Credit Policy | To issue draft norms for cooperative banks to strengthen safety of deposits Households expect inflation to rise, businesses see weak demand: RBI survey RBI Credit Policy | Monetary Policy Committee raises consumer inflation target for October-March to 4.7-5.1% Following are the key takeaways from the monetary policy:On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to:- … [Read more...] about RBI Monetary Policy: A quick read of the policy document
In 2020, two German luxury carmakers -- Mercedes and Audi -- will enter the electric vehicle market with an India launch each as the push for greener mobility gathers steam in the luxury segment.Mercedes-Benz India, the country’s largest luxury car maker, will test the waters with a limited launch of a battery-powered vehicle in 2020. The maker of E Class and S Class has a number of zero emission electric vehicles (EV) in its global line-up, but due to lack of EV infrastructure development in India, the entry will be restricted to just one model.“On the electric side it makes sense to test the waters there. We will certainly do something next year. We would like to see how things shape up from here. The global portfolio is building and has already been built up to a certain extent, so much so that we are comfortable to tweek it to local tastes,” said Martin Schwenk, Managing Director and CEO, Mercedes-Benz India, in an interview … [Read more...] about Mercedes, Audi to launch electric vehicles in 2020