Applying to any job begins with sending an attention-grabbing resume. The right strategies are essential for creating a resume that will help you get hired by your desired company.
Without a resume, employers won’t even know that you could be a match for the position they are looking to fill. You cannot simply walk into a company and verbally ask them to consider you for the job. Creating and submitting a tailored resume is the ultimate way to apply for the job. If you are still unsure why a resume is important, you are at the right spot.
In this post, we will discuss the importance of a resume and some tips to help you make a resume that captures the employer’s attention. Let’s get started!
Why Do You Need a Resume?
No doubt resumes play an essential role in the hiring process. Without a resume, you won’t be able to present your profile to a company and dream about getting hired over there. Let’s look into the reasons behind the importance of a resume for all job hunters.
It Represents Your Overall Career
Your entire career can be summarized in a single document, i.e., a resume. While applying for jobs, you need to make sure that you are offering a clear and concise representation of your overall career to the employers, and it can only be done through your resume. A resume is the initial stage of recruitment in any company; if you want to get a call for an interview from the hiring managers, you need to capture their attention first with a thumb-stopping resume.
It Highlights Your Expertise
When exploring applicants’ profiles, companies majorly look for professionals who are the perfect fit for the positions they are applying to. If you want to convey how you are a perfect matching candidate for the company, you’ll need a resume. This document allows you to highlight your skills and experience that match the requirements of the employers. If you showcase your expertise on your resume correctly, your chances of getting hired will increase.
It Works as a Marketing Tool
Just like companies use marketing tools to promote their products and services, job seekers also need to market themselves to get hired at their desired positions. A resume works as a marketing tool for people who are seeking employment. With a resume, you are basically selling your services to work for a company. A resume provides an overview of your work profile to the buyers (employers) and allows them to decide whether to hire you or not.
Tips to Make an Outstanding Resume
Now that you have understood the importance of a resume, you must be eager to learn the ways you can follow to make a resume that helps you stand out. If it is the case, let us take you through the tips to make an outstanding resume!
Choose a Perfect Template and Format
The first thing you need to have is a perfect resume template to get started. There is no need to worry about creating a resume from scratch, as professional-looking resume templates can be easily accessed over the web. You can explore the library of the resume builder free utility to find an HR-approved resume template and modify it according to your requirements.
After selecting a template from a free resume builder, you need to make use of the best cv format. As a professional, the reverse chronological resume format is the best option to rely on. On the other hand, Individuals who are in the beginning phase or making a career shift can use functional and combination resume formats, respectively.
Show What You’ve Achieved
Highlighting your best achievements is the key to success in the creation of an outstanding resume. What value have you added to the companies you have worked with previously? What awards have you been rewarded with in the past? Have you made any quantifiable achievements? Answering these questions is essential when creating a resume, as they make the employers interested in exploring your profile further and give you a call for the interview.
Incorporate Keywords
You might already know that companies make use of ATS (applicant tracking system) software these days to shortlist the candidates that have applied for an opening. These software programs work by identifying the resumes that contain keywords similar to the ones listed in the job descriptions. You should thoroughly read the job description, pick out the keywords, and intelligently use them in your resume in order not to miss out on the chance of being shortlisted.
LIC Jeevan Azad is a new saving cum life insurance plan launched by LIC of India ahead of republic day 26th Jan 2023. LIC Jeevan Azad is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan.
This is a Limited Premium Endowment plan under which the Premium Payment Term (PPT) is equal to Policy Term minus 8 years. It offers financial support for the family in case of unfortunate death of the life assured during the policy term and also takes care of liquidity needs through a loan facility. It also provides a guaranteed lump sum amount to the surviving life assured on the date of maturity.
This plan can be purchased online as well as offline. This plan is marketed as Freedom from stress Glory of Happiness. Let’s explore further details and review LIC Jeevan Azad Plan No 868.
LIC Jeevan Azad Plan No. 868 – Eligibility and Benefits
Minimum Basic Sum Assured: ₹ 2,00,000
Maximum Basic Sum Assured: ₹ 5,00,000
Basic Sum Assured shall be in multiples of ₹ 25,000/-
Minimum age at Entry: 90 Days Completed
Maximum age at Entry: 50 years
Minimum Maturity Age: 18 years completed
Maximum Maturity Age: 70 years
Policy Term: 15 to 20 years
Premium Paying Term: Policy Term minus 8 years
Minimum Basic Sum Assured per life* – ₹ 2,00,000/-
Maximum Basic Sum Assured per life* – ₹ 5,00,000/-
Benefits
Maturity Benefit
On Life Assured surviving the stipulated Date of Maturity, ’Sum Assured on Maturity’ which is equal to ‘Basic Sum Assured’ shall be payable.
Death Benefit
The death benefit payable on the death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, shall be “Sum Assured on Death” where “Sum Assured on Death” is defined as higher of ‘Basic Sum Assured’ or ‘7 times of Annualized Premium’.
This Death Benefit shall not be less than 105% of “Total Premiums Paid” up to the date of death.
However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Para 2 below), the Death Benefit payable shall be a refund of premium(s) paid (excluding taxes, extra premium, and rider premium(s), if any), without interest.
LIC Jeevan Azad Plan No. 868 – Review
To review LIC Jeevan Azad Plan first let’s take a look at the premium applicable to the policy. The annual Premium payable for Basic Sum Assured (BSA) of Rs. 2 lakhs for Standard lives for policies to be sold Offline is given below.
The above premiums are exclusive of taxes.
From the above table, we can see that for a 2 Lakh Sum assured premium amount to be paid is very high.
In addition to that you need to consider the following points before buying LIC Jeevan Azad Plan.
An insurance policy is purchased to cover life risks. If we consider this plan as a pure life cover plan in that case the maximum sum assured offered under this plan 5 Lakh is very less. As a Death benefit, 5 Lakh is not enough for the family.
If we consider this policy from an investment or saving point of view the return expected from this policy is 4-5% and post-tax this return would be still low.
LIC is generally a launching policy at the end of December or starting of January and its prime purpose is to offer tax savings and nothing else.
In My opinion, you should not buy LIC Jeevan Azad policy Plan 868. Instead, purchase a good-term plan with high-risk coverage. In case your objective is tax saving go for ELSS or any other option.
If you’re looking for some funds to satisfy your emergency monetary requirements, you should consider getting a personal loan. All traditional banking institutions ranging from State Bank of India to Yes Bank offer personal loans these days. As a matter of fact, there are quite a few Non-Banking Financial Corporations (NBFCs) that are also offering this credit facility.
Now, while the application process for a personal loan may be easy and simple to complete, there’s the question of eligibility. Financial institutions only offer the facility if you satisfy the eligibility criteria set by them.
If you’ve been rejected for a personal loan in the past or are simply unsure of whether you would qualify for one or not, this article can help. Here are some tips that you can follow to improve your eligibility for a personal loan.
5 Tips to Improve Your Personal Loan Eligibility
#1 Improve Your Credit Score
The best way to ensure that your personal loan application is approved is to ensure that you possess a high credit score. All financial institutions check your credit score first before granting you a personal loan. So the higher the credit score, the better your chances of your loan getting approved.
Ideally, your score should be at least 700 or above to qualify for a loan. Therefore, if you find that your score is less than ideal, you might want to take some measures to improve it first before applying for the loan. You can find a wealth of information on how to improve your credit score online.
#2 Pay Off Some of Your Debts
Another major factor that’s taken into consideration before ascertaining whether you’re eligible for a personal loan is your debt level. The more your monthly debt obligations are, the lower your chances of getting your personal loan application approved. Financial institutions typically value individuals who have fewer debts to service. This is simply because people with fewer debts are more likely to make repayments on time.
So, if you’re servicing multiple debt obligations at the same time, you might want to clear off a few of them before applying for a personal loan. This will ensure that your debt-to-income ratio is healthy, which can have a major positive effect on your eligibility.
That said, if you’re not able to clear off all your debts, at least consider paying off the ones with the highest interest. On the other hand, if you’re unable to clear debts in full, you can also make partial payments to reduce the impact of your debt.
#3 Compare Multiple Lenders
Not all financial institutions have the same eligibility criteria. Some of them may be quite stringent with their criteria, while others may be more relaxed. Considering the fact that there’s so much variation in the eligibility requirements of lenders, it might be a good idea to compare different institutions with one another.
This simple comparison exercise should give you an idea of the lenders who have minimal eligibility requirements. Once you’ve found out who they are, consider making an application. That said, here’s something that you should be aware of. A few lenders with relaxed eligibility criteria tend to charge higher rates of interest on their personal loans. It is advisable to look for the right balance between relaxed eligibility and affordable interest rates like in Yes Bank personal loan.
#4 Don’t Apply For Multiple Credit Facilities
Many people tend to apply for multiple credit facilities or with different lenders around the same time thinking that it would increase the chances of getting a loan sanctioned. However, the truth is very far from that.
In reality, applying for various loans or with multiple lenders only increases the chances of rejection. This is because lenders generally tend to do hard credit inquiries into borrowers. Too many hard inquiries in quick succession can end up negatively affecting your credit score, due to which you might become ineligible for a personal loan.
Therefore, if you’ve been rejected by a financial institution for a credit facility recently, consider giving yourself some time off. Meanwhile, you can look to improve your credit score and reduce your debt. Once you’ve taken remedial measures, you can try applying for the credit facility once again after a few months.
#5 Prove Your Income Levels
Your income level is another major factor that a financial institution takes into consideration for determining your personal loan eligibility. The higher your income, the greater the chances of getting a personal loan.
Since lenders need to be assured that you have the capability to repay your debt obligations on time, it might be a good idea to disclose all your sources of income to them when applying for the credit facility and not just your salary. For instance, if you possess any mutual fund investments or fixed deposits, consider disclosing them to the lender. This simple action can help you land a loan.
Conclusion
Following these 5 tips outlined above can help improve your personal loan eligibility by quite a bit and may even lead to your application for the facility being approved. If you’re looking for a loan with a highly attractive interest rate, consider applying for a Yes Bank personal loan. Applying for one is very easy and can even be completed online from the comfort of your own home within a few minutes.
Are you living paycheck to paycheck right now? Maybe you’re working in a job right now but you’re not making enough money. Or maybe you are looking for a job you’re looking to enter the workforce or maybe you are in transition.
You’re working a job but you’re looking for something better. Now there’s nothing wrong with having a job. A lot of people think I’m anti-jobs or something.
I’m not anti-jobs, but what I am anti is anti-happiness. Anti not living up to your potential. You see, you have to understand something here. When people ask me the question, oh Shitanshu I’ve got no money.
Like I’m broke, what should I do? What’s the first piece of advice I get them? You go get a freaking job.
Get some money coming in, get some income coming in. Sometimes you gotta do what it takes just to make a living, right? Just to get some money coming in, to pay the bills. Nothing wrong with that.
But you see, we all enter the rat race. Since a very young age, at a very young age, we have been programmed by society go to school, get good grades get a nice, safe secure job, right?
Work 40 years and then maybe retire. The remaining time that you have on this planet Earth, right?
Retire somewhere warm and then that’s it, that’s your life.
So at a very young age, we have been taught the only way to make any money to generate income is from a job.
We were not taught any other ways to generate income. Now I’m not asking you to quit your job tomorrow and say, hey go start a surfboard rental business or something like that or go travel the world.
That’s not what I’m saying. But what I am saying is, maybe you’re working at a job and you’re looking for something better.
Leaving the job that you have, nothing wrong with that. More money right, more benefits. If it’ll make you happier, go for it.
But my question to you is, what’s your long-term goal? What’s that long-term vision for yourself, right? And the decision that you’re making now will create long-term happiness?
That’s my question for you. I’m not asking you to quit your job tomorrow.
What I want to do is to help you to stop living the fear of the idea of quitting and stop living paycheck to paycheck.
How to Quit Job? – 5 Proven Tips & Steps
#1 Job Security
Tip number one, job security is an illusion. If I was to ask 100 people to share with me in one single word, what do they want out of a job?
What do they want in terms of a job with benefits and vacation pay, or a retirement plan?
Chances are they will say this one word, security. Now my question to you is, does job security still exist?
Just because you work for a big company does that mean you are secure, right? Does it mean that you’re all well taken care of?
You know someone who’s worked for a big company and they worked hard all their lives, right? And thinking that they could retire comfortably and then what happens?
They get laid off, or the company goes bankrupt or something happens, right? Regulations and policy and suddenly they lose their security.
They still get thrown out on the street, right? Or you think if you’re working for the government think about the government, oh yeah then I’m absolutely sure, is secure.
Is it truly secure?
Think about that, right?
If you have no security working for a big corporation if there’s no guarantee even if you’re working for a government, that will give you security, then what do you do?
You see job security, is an illusion. Just because you work hard just because you stick with one company just because the company’s going well today no one can predict 5,10,20 years, what happens?
You can see industries getting disrupted by technologies.
What exists today may not exist tomorrow. I don’t even care if it is Fortune 500 company also.
I don’t care if it’s a billion-dollar company. They could go bankrupt just like this and then from then on, all the work that you’ve done all the security that you’re supposed to have you’ve accumulated, all that it’s gone.
#2 Work to Learn Don’t Just Work to Earn
Tip number two, work to learn don’t just work to earn, right?
After you graduate, don’t just pick a job that pays you the most amount of money, right? Maybe pays you a few thousand more per hour a couple of lakhs more per month, right?
Don’t be so shortsighted, think long-term. Pick an industry that you have an interest in. Pick an industry that maybe you wanna learn more of and where you can see yourself, you can stay within the industry for two, three, or five years, right?
I strongly believe who you work for is way more important than what you do.
Who you work for. Just imagine if you can go back in time, right? You could work for Warren Buffet, Bill Gates, and Steve Jobs. Just as they were about to take off, right?
They had just grown, just imagine if you worked for them. How much would you learn for the right position?
So work to develop a skill set and work to acquire your knowledge, right? Work to be better. Then when you transition out of the job all those skill sets, no one can take away from you.
The knowledge, the industry knowledge that you have no one can take that away and you can take that to the next level.
#3 Think of your Job as temporary not permanent
Tip number three, and that is to think of your job as temporary not permanent.
Now, if job security is an illusion you don’t wanna buy into that and think okay, you know what, I’m gonna work at this job for 20,30 years, right?
I strongly believe that the credential economy is dead.
Means, I have a degree, then I’m good for the job economy, right?
We have a job I can work at for 20-30 years in the same industry, no.
How many career shifts that you’ve had in your career, right?
How many job changes, or maybe you studied one subject and then you spent a lot of years in that subject and then you shift to something else?
Something completely different, right? We all have gone through that, right? You have to reinvent yourself from time to time.
So think of a job as temporary. You’re there to learn, to acquire knowledge to develop skill sets to meet people, to develop connections but knowing that that is temporary, right?
It’s not permanent. You want to leverage that as a stepping stone as a transition, to go to that next career or transitioning that into entrepreneurship or something else, right?
I believe if it’s not a job economy Skill economy, skill economy, right?
You look at people who now drive Uber. It’s a skill set, that’s not a very, very valuable skill but it’s still a skill set.
They’re doing different things to bring money in that’s what’s going on in this society.
It is a skilled economy, it is no longer a job economy. Because the job that you’re working for right now may not exist but the skill that you have, you can transfer that.
You can take that to different industries. That’s what you want to do.
#4 Put Money aside as you Earn More Money
Tip Number four, and is to put money aside as you earn more money.
Have you heard of Parkinson’s Law? What it says is this.
No matter how much money people earn they tend to spend the entire amount and a little more besides.
It is one of the most important laws when it comes to money and wealth accumulation.
You notice, think back to when you were getting started. How much were you making back then? to how much money you’re making now?
Maybe you’re now making more money than before but also notice, what happens to your expense, right?
Your expenses, your overhead, your lifestyle. So what happens is, most people as they make more and more money from their jobs, right?
They try to keep up with the Joneses. You’ve heard of that term, keeping up with the Joneses.
So they make more money, and income increases but also, the expenses increase, right?
It goes like this, the problem is and then there’s how people get into debt the problem is if you spend all the money that you make right now you’re not putting aside some money you’re always living in fear.
Oh what if I lose my job, what if I get downsized? What if the company fires me? What happens if I don’t get that promotion?
You’re always living in fear. And when you’re living in fear, you cannot make a decision coming from a place of abundance ’cause you’re afraid, right?
You’re afraid to quit you’re afraid to think outside the box because you’re tied to that job security.
You’re so afraid to lose that next paycheck. If you don’t have that next paycheck coming in you’re like, you’re freaked out.
So put some money aside as you earn more money.
#5 Create your own Job Security
Number five, create your own job security. Now, what do I mean by that?
One of the concepts that I teach is the concept of financial confidence.
Not financial freedom, ’cause a lot of people talk about financial freedom.
I don’t believe in that. I believe financial freedom is actually also an illusion just like job security.
Because just because you’re free today doesn’t mean you’re free tomorrow.
However, when you have financial confidence meaning you have the confidence you have the skill set to generate money and generate income. What happens is you feel secure that you’re not depending on the economy you’re not depending on a job, or a manager, or a boss.
You’re not even depending on your investments to provide for you.
You make your money. You have the skill set to go out there go out to the marketplace and be able to generate income on demand.
That’s what I am talking about.
You need to develop true, financial confidence to quit your job and stop living paycheck to paycheck.
