It may also happen that a person quit TCS for low salary and joined Infosys at a higher salary. Another person quit Infosys for low salary and joined TCS at a higher salary. All 10000 are happy in these 4 companies itself ... some of them added IBM, Capgemini.
RE:RE:Please change your jobs frequently for higher salaries
by ABC on Jul 23, 2007 05:01 PM Permalink
You do not know what is chance. Please read Annual Reports of TCS and Infosys. It shows the movement of Senior Managers both ways along with salary paid for the respective duration.
RE:Please change your jobs frequently for higher salaries
by afser hussain on Jul 23, 2007 05:46 PM Permalink
Are MNCs from abroad good paymasters? as compared to the indian ones
Govt should come out with strong rules, employment allowance rules, working conditions and work life balance. People are importrant,not companies make high profits and top cream eats them,
RE:Strong rules
by Anurag Shrivastava on Jul 23, 2007 04:53 PM Permalink
The government can do well to provide good working conditions to its own employees first ! In any case no one is holding the gun on someone's head to work in an IT company. The only reason a company exists is to provide profits to shareholders who invest money into a company and give it a "value". If a company loses sight of the basic fact - then it will shut down very soon and there will be no jobs for anyone. The rupee depriciation is a wakeup call for all software engineers to either have extremely valuable irreplaceable skills or try and get into another profession. If you can't do either , then your #alls are in the hands of your manager who will squeeze it at will and you will live helplessly, in pain and under huge stress. Your spouse will divorce you , you will lose mental peace and you will have no friends left. You will start hating your own shadow. I come accross and advice such characters almost every day. Be very careful
RE:akkanreddy@rediffmail.com
by Thomson on Jul 23, 2007 05:25 PM Permalink
nice message.. yes it's true that monetary benefical is not alone reason for leaving the job. It's matter of job satisifaction and environment of work,,, etc.
It companys should not treat the employees as slaves and make them work like donkeys Paid Holidays, scope for higher studies particularly MBA, Living accommodations and regular hours or Regular shifts could reduce the attrition rates. If the workers feel comfortable they will not leave for marginal increase of salary.Companies should arrange in house recreation centres.
RE:RE:where r they going?
by ABC on Jul 23, 2007 04:36 PM Permalink
It may also happen that a person quit TCS for low salary and joined Infosys at a higher salary. Another person quit Infosys for low salary and joined TCS at a higher salary. All 10000 are happy in these 4 companies itself ... some joining IBM, Capgemini.
RE:where r they going?
by ABC on Jul 23, 2007 04:57 PM Permalink
Please read Annual Reports of TCS and Infosys. It shows the movement of Senior Managers both ways along with salary paid for the respective duration.
RE:where r they going?
by geeta suri on Jul 23, 2007 04:41 PM Permalink
i guess you are right -they are playing musical chairs!!!!!!! TIME INDIAN COs jack up their salaries - and treat their employess with respect (not that IBM Accenture are any better - but it gives an indian co more right to be abusive - hahha)
RE:RE:where r they going?
by fun guy on Jul 23, 2007 04:37 PM Permalink
Few weeks back I read a news saying ' only 20% qualify in lateral recruitment' in Hindu. I think something wrong .
RE:RE:where r they going?
by rooter i on Jul 23, 2007 06:18 PM Permalink
hi geeta.. u wanna placement baby.. lemme know.. I work as a manager in HR. write me at rooter@rediffmail.com
These companies recruit all branches of engineers in bulk for menial work. The recruitment is to show the resources to their client for work orders. They are responsible for reduction in the innovation in the manufacturing. China strengthened their manufacturing base and now they add service to their economy. India has missed the opportunity to strengthen the manufacturing base. If there is any shift in economy manufacturing base can't be shifted immediately. But it is possible for the service.
RE:Good sign
by Sunil Dewari on Jul 23, 2007 04:34 PM Permalink | Hide message
Yes, I agree with you..IT requires good technical skills but the kind of work we indians are doing..doesn't require good academic background. Manufcturing industry is really in loss. IT company may be closedin few days but not manufacturing
RE:Good sign
by fun guy on Jul 23, 2007 04:45 PM Permalink
Really lots of challenging research problems is there in the IT. IT revolutionizes the way we live. All section of people can be benefited by the IT. But these cos. are not bothered.
RE:Good sign
by Sadasiva Prasad on Jul 23, 2007 05:08 PM Permalink
The campus recruitment, the salaries offered for a raw student just passed, lack of consciencsous effort on the part of the companies to hone their employees' skills- all sound like South Sea Bubble. The only damage it did was to inflate the cost of iving of those not in the IT industry. There is nothing wrong in the ruppe appreciating. It is a phenomenon dictated by natural fiscal forces and one should be proud of it. It is time the IT industry sets its house in order in ffering realistic salaries to their recruits commensurate with their worth.
Yes, If fake resumes are identified, then i think almost 25% of people will go out for sure.. and i strongly recommend to clean up this fake resumes from the database.. it is a real virus..stopping all the genuine people from getting the oppurtunity.. There should be some transparency in doing the background check so that , people will be scared to show up with fake resumes and salary certificates to get new opportunity and better pay packets..
somebody should take the call..but the companies themselves overlook many?things while doing background verificated worrying about losing the employees to others, which will increase their attrition unnecessarily.. as i said before.. clean up excersie shd be there.. all the time we are shouting to remove all the corrupt politicians.. but why there is no voice raised against fake resumes and salary certificates.. short cuts will definitely leads to downfall..
RE:fake resumes
by ROFL on Jul 23, 2007 05:01 PM Permalink
"who r lifted straight from college with no brain" ..hahaha..and wat do u think..those who make fakes r iitians who r squatting without any jobs?? dont try to defend ur guilty conciousness!!admit it..u r fake and right now u r drawing salary from ur illgotten job!!
RE:RE:fake resumes
by Ramesh on Jul 23, 2007 06:50 PM Permalink
As a fresher into a job right after the college, i felt it was unfair to recruit and employ people with fake resumes. So many years down the lane (having involved myself in part..of the recruiting process), i now see that there are some genuinely good candidates with the so called fake resumes. Yes, its truly easy to 'sniff' out the fake resumes and the false experience the candidates put up. But some of the so-called fake candidates did fare very well during the technical round of the recruiting process. I know we feel it unfair when a candidate with a fake resume gets a job and a genuine candidate doesnt! But,i feel that the need of the hour is the guy who DOES things...rather than who says he CAN DO things.
RE:RE:fake resumes
by ravi kancharana on Jul 23, 2007 05:04 PM Permalink
Fake or original doesnot matter!!!if a guy cant really perform he wud be thrown out!!!! possibly u dont understand the reason for the attrition.Its not at all related to fake resumes.Are u really genuine guy????ur father doesnot take bribe???havenot u told a single lie in ur life???boss think...........do u think that companies are not aware of the fake resumes..its takes 30 secs to find out a fake resume!!!!anyone can perfome well if a chance is given...i dont understand how u are comparing them to corrupted politicians in india....corruption effects the entire society...fake resumes..no side effects!!!
RE:fake resumes
by Yuppie Indian on Jul 23, 2007 06:32 PM Permalink
do u think the companies are themselves very genuine?? I have seen sometimes companies bill for 20 people when 5,6 people are actually doing the job in reality. Also note that there are gray shades in everybodys life.. All sinners have a future and all saints have a past..
RE:fake resumes
by Raja Pratap on Jul 23, 2007 04:47 PM Permalink
take up the job boss. I'm sure you would also have told some interesting things in the hr round about your strengths and weaknesses and several other things related to your achievements. Only the difference between the fake guy and you is, they are giving the printed material and u r not. So before suggesting the industry to carry out the CLEANUP, first u resign and get a job without telling the false. Do not lie about your current responsibilities, the technologies u worked and most importantly your strengths and weaknesses also on the achievements. After getting a job based on the TRUE answers, you can start CLEANUP process.
RE:Fascinating..
by Anurag Shrivastava on Jul 23, 2007 04:30 PM Permalink
When the "export oriented" textile manufacturers got affected because of issues with exports - they started unlocking value of their real estate. Infosys , Wipro etc are sitting on huge tracks of real estate they never really needed and the year they have profitability pressure - there goes your cafeteria and huge conference rooms when that real estate gets sold to meet street's profit expectations. In someways Murthy is no different from a Sanjay Lalabhai!
RE:RE:Fascinating..
by Ashish Garg on Jul 23, 2007 04:37 PM Permalink | Hide message
I guess you are missing the point. By acquiring valuable land, these big companies have already made sure that they have made good investment in real state.
As for a normal employee, do you need good salary or a cafeteria? If you got money, you can always visit Barista outside your company primises!
RE:Fascinating..
by fun guy on Jul 23, 2007 04:53 PM Permalink
Don't worry. All the IT employees invested their earnings in the real estate by geting loan from banks. Banks also welcome them with red carpets. because of the hype, rental value and interest are not matched for the falt they brought. After a big blow in the service industry, all are going to be NPA to the banks. so they will be forced to work for less salary for their survival. Again these companies will loot.
