Approaching 50 with a CTC Nowhere Near to 50L? It's High Time to Take Action, before its too late
Summit Madaan
Executive Resume Writer | Professional Networking | LinkedIn Profile Management | Leadership Recruitment | Personal Branding
This is the most significant challenge faced by professionals aged 43 to 49, with a CTC below 50 Lac, which demands proactive planning for their Career Journey. This pressing situation often arises due to prolonged tenure at a single organization or working in a single role for a long. In my observations, numerous individuals in this age bracket, aligned with reputable brands, find themselves undercompensated despite their skillfulness.
To secure the next 10 years in the industry, consider these insights:
CTC Focus: Harness your extensive experience and exposure. Your priority should be enhancing your CTC. Strategize two job changes within the next 3 to 4 years to align with industry standards. Aim for a range of 65 to 75 Lac by age 50.
Exit Comfort Zone: Proactively step beyond your comfort zone and enter the Courage Zone. Chart a job search strategy by networking actively. Engage with Peers, contribute on LinkedIn, participate in forums, and showcase your abilities through an impactful Resume and LinkedIn profile.
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Look Beyond Titles: Titles are Misleading sometimes. Resist being drawn solely by titles or big brands. Opt for roles that offer substantial remuneration and real performance opportunities. Embrace modern organizations where you can leverage your expertise to enhance processes, bolstered by a reputable track record.
Customize Resumes: Tailor Resumes for Target roles, creating a diversified portfolio. Construct a robust referral network for targeted role applications, recognizing the competitive landscape.
Optimize LinkedIn Profile: LinkedIn is the First Touch Point for your Audience to connect with you. Optimize your Profile to be discoverable so they can find you for the Right Role.
Make the most of your remaining time, preserving your energy and enthusiasm.
Rise to the challenge, strategize effectively, and proactively venture into the market. Your potential remains untapped—seize the moment.
9849599506 | Social Media Trainer | LinkedIn Expert | LinkedIn Trainer | Digital Marketing | Talent Acquisition | Real Estate | DTCP | RERA
1yGood One.
21+ Years of Exp. | Sr. Manager Sales & Territory Business Lead | Channel, B2B, Direct, B2C Sales | Business Development Strategies | Client Acquisition & Retention | P&L and Revenue Mgmt.
1yInteresting insights Summit MADAAN. This shows the pressing need for individuals who are seriously looking for growth.
General Manager of Operations | Operations, New Business Development, Key Account Management
1yCritically assessing the change and leaving the comfort zone for corporate senior executives approaching 50 years in digital transformation reveals a nuanced landscape. While experience and strategic acumen are valuable, potential challenges may arise due to a generation gap in tech fluency. However, mature leaders often bring stability, mentorship, and long-term vision. Success hinges on fostering a culture of continuous learning, bridging digital divides through training, and leveraging a diverse leadership team that blends seasoned expertise with fresh perspectives. Ultimately, the effectiveness of senior executives in digital transformation rests on adaptability and collaborative leadership. Hence, the reasons for getting low CTC, Complacency in an existing position, and Comfort zone have its valid acceptance by senior corporate executives.
Group CHRO | Culture, Strategy, Technology & Transformation | Executive Coach | Organisation Design | Leadership Development | Succession Planning | Great Place to Work | Employee Relations | ESG/EHS/CSR/DEI | Startup HR
1yInteresting perspective Summit MADAAN
Sr. Finance Leader || CFO || Finance Business Partner || FP&A || Strategic Planning-Execution- Reporting || Controller || Cost optimization||Sales & Marketing Finance|| Manufacturing Finance || Corporate Finance ||FMCG||
1yExcellent and relevant read Summit. Specially "Look beyond title" and "Exit comfort zone" Thankyou for sharing