Emergency funds, jobs & layoffs
Layoff readiness, emergency funds, EPF and job security. 13 posts, newest first.
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Don't make your Emergency Fund chase returns
An interesting trend I have noticed recently! More people are stopping/reducing their SIPs and diverting that money towards building a bigger EmergencyFund (EF). Given the current…
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How to become layoff-ready
“How do I become layoff-ready?” That was the question I got last week from a seasoned professional working in an MNC. His company is going through restructuring.
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Is EPF an emergency fund? Absolutely not
"Can EPF be considered an EmergencyFund?" An acquaintance asked me this recently. My answer was simple:
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Laid off after two decades: “What will people say?”
Last week, an acquaintance reached out. After spending more than two decades in the same company, he is now on the verge of being LaidOff. I expected him to ask: How long will my Savings…
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Your EPF interest hasn't been credited. Should you worry?
"Bro, my colleague's EPF interest got credited. Mine hasn't. Should I be worried?" A friend called me in a panic. I asked him to calm down and not to worry.
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EPF withdrawals via ATMs and UPI: convenient, and risky
EPFO subscribers, easier withdrawals through ATMs, UPI is going to become a reality by this month's end! For years, withdrawing EPF money has been a painful process. That may change with…
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How the new wage code and NPS changes could slowly kill EPF
How the NewWageCode & NPS Changes Could Slowly Kill EPF! Two recent policy shifts, when viewed together, have the potential to significantly reduce the relevance of EPF over time. Let’s…
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Two new wage code rules that could hurt salaried employees
Two rules that may silently harm salaried employees after the implementation of the new Wage Codes. Rule 1: ₹2.5 lakh EPF contribution cap If your own contribution to EPF exceeds ₹2.5 lakh…
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TCS lays off 12,000: why it's bigger than 2%
TCS to lay off 12,000 employees - but is it just 2% of its 600,000+ workforce? But as always Devil lies in the Details - The layoffs are focused on middle and senior management.
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Layoffs announced: EMIs, no salary, no emergency fund
Layoffs announced. A friend called, anxious and overwhelmed! He's been with the company for over a decade. But now, he fears he may be on the hit list. What worried him the most? EMIs, no…
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Why EPF interest needs two ministries to sign off
The Finance Ministry has ratified the EPF interest rate for FY 24–25, a key milestone after the Labour Ministry gave its nod in February 2024. For those wondering: Why does it take two…
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Can EPFO keep paying 8.25% when equities give 5%?
With equities delivering only ~5% annual returns, can EPFO maintain an 8.25% interest rate? The Employees' Provident Fund Organisation (EPFO) invests 5-15% of fresh accretions into…
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It's Diwali, and EPF interest still hasn't arrived
It’s Diwali, and yet millions of EPFO subscribers are still Waiting for last year’s EPF (Employees Provident Fund) interest credit! 🎆 Every year around this time, EPFO subscribers look…