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Labour Archives | FactsToday https://www.factstoday.in/category/labour/ Facts of the people, By the people, For the people Wed, 13 Sep 2023 08:15:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.factstoday.in/wp-content/uploads/2017/03/cropped-ft-logo-copy-1-32x32.png Labour Archives | FactsToday https://www.factstoday.in/category/labour/ 32 32 How to get a job in Abroad! https://www.factstoday.in/how-to-get-a-job-in-abroad/ Wed, 13 Sep 2023 08:15:11 +0000 http://www.factstoday.in/?p=10842 Securing a job abroad can be an exciting and rewarding experience, but it typically involves careful planning and preparation as you can find 90% deceptive practices that some individuals or agencies may engage in. You can also do it on your own with the help of Google and other job websites or an Immigration officer […]

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Securing a job abroad can be an exciting and rewarding experience, but it typically involves careful planning and preparation as you can find 90% deceptive practices that some individuals or agencies may engage in. You can also do it on your own with the help of Google and other job websites or an Immigration officer as well as authorized agents from Govt. of India MEA. If you are planning to work and settle abroad in your dream country, my suggestion is you select an Immigration lawyer like www.masseylaw.in  to get proper advice.

Here are the steps you need to follow to secure a job in a foreign country:

  1. Determine Your Goals: Define your reasons for wanting to work abroad. Are you seeking new experiences, better career opportunities, or personal growth? Knowing your objectives will help you make informed decisions.
  2. Research Your Destination: Choose the country where you want to work and research its job market, culture, visa requirements, cost of living, and legal considerations. Understanding the local job market is crucial.
  3. Assess Your Qualifications: Evaluate your skills, qualifications, and experiences to determine your eligibility for jobs abroad. Some countries may have specific requirements or qualifications for foreign workers.
  4. Update Your Resume/CV: Tailor your resume or curriculum vitae (CV) to the international job market. Highlight relevant experiences, skills, and qualifications that make you a strong candidate.
  5. Language Skills: Depending on the country, language proficiency may be essential. Improve your language skills if necessary, as this can significantly enhance your job prospects.
  6. Networking: Leverage your existing network and make connections with professionals who have experience working abroad. Attend international networking events and use platforms like LinkedIn to connect with potential employers.
  7. Search for Jobs: Look for job opportunities through various channels, including online job boards, company websites, and recruitment agencies that specialize in international placements. Consider local job search engines for your chosen country.
  8. Apply for Jobs: Follow the application process of your chosen employer or job listing carefully. Tailor your application to each job, including a well-crafted cover letter.
  9. Prepare for Interviews: Be ready for interviews, which may be conducted via video conferencing or in person. Research common interview questions and practice your responses. Consider cultural differences in interview etiquette.
  10. Visa and Work Permits: Investigate the visa and work permit requirements for your destination country. Ensure you have the necessary documentation to legally work there. This often involves working with your prospective employer to secure the appropriate permits.
  11. Financial Planning: Understand the cost of living in your chosen country and make financial arrangements accordingly. You may need to save money for initial expenses, such as housing, transportation, and visa fees.
  12. Health Insurance: Investigate health insurance options in your destination country. Some employers provide coverage, while others may require you to obtain it independently.
  13. Housing: Arrange accommodation in advance, if possible. Look for temporary housing options initially until you have a better understanding of the local housing market.
  14. Cultural Adaptation: Prepare yourself for cultural differences and the challenges of living and working in a foreign country. Research cultural norms, customs, and etiquette to ease your transition.
  15. Plan Your Move: Plan the logistics of your move, including transportation, shipping belongings, and other relocation logistics. Create a checklist to ensure a smooth transition.
  16. Stay Persistent: Job hunting abroad can be a lengthy process, so stay persistent and patient. Keep applying, networking, and improving your qualifications as needed https://hobberman.com.

Remember that finding a job abroad can be competitive, so it’s essential to be well-prepared and adaptable. Additionally, consider seeking advice from expatriates who have successfully made the move to your desired country, as they can offer valuable insights and support throughout the process.

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The Central Board recommends 8.10% rate of interest to its subscribers for the year 2021-22 https://www.factstoday.in/the-central-board-recommends-8-10-rate-of-interest-to-its-subscribers-for-the-year-2021-22/ Wed, 16 Mar 2022 08:39:53 +0000 http://www.factstoday.in/?p=10725 The 230th meeting of Central Board of Trustees, EPF was held today during the AKAM Iconic Week in Guwahati under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change, Vice-Chairmanship of Shri RameshwarTeli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Chairmanship […]

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The 230th meeting of Central Board of Trustees, EPF was held today during the AKAM Iconic Week in Guwahati under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change, Vice-Chairmanship of Shri RameshwarTeli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Chairmanship of Shri Sunil Barthwal, Secretary Labour & Employment and the Member Secretary Smt. NeelamShammi Rao, Central P F Commissioner.

The Central Board recommended 8.10% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2021-22. The interest rate would be officially notified in the government gazette following which EPFO would credit the rate of interest into its subscribers’ accounts.

EPFO despite following a conservative approach towards investment, has consistently generated high returns over the last many years which has enabled it to distribute higher interest to its subscribers, through various economic cycles with minimal credit risk.

Traditionally, EPFO has been able to give a higher rate of interest on retirement savings in comparison to other available investment options because of its prudent investment policy of investing in long tenor high yielding securities for the past several decades. This has ensured that the returns on EPFO’s investments are higher even when the yields have been steadily coming down in the past decade.

For FY 2022, EPFO decided to liquidate some of its investment in equities and the interest rate recommended is a result of combined income from interest received from debt investment as well as income realized from equity investment. This enabled EPFO to provide a higher return to its subscribers and still allowed EPFO with a surplus to act as a cushion for providing a higher return in the future also. There is no over-drawl on the EPFO corpus due to this income distribution.

The assured fixed return approach of EPFO, announced by CBT every year along with the tax exemptions makes an attractive savings option for the PF members.

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