Hi friends... Thanks rediff for putting this news on Ur website. I do agree with what the comments are passed by many IT guys. It is really horrible to work as a servent. The belt system in Indian company shows the mentality of cheap managment. What is the need of having red belt ...etc in private companies. We should teach them good lession by leaving the companies.Please tell to ur friends not to join these companies ever in there carrier. My friends working in wipro suffered like anything.He didnt get any perk for his performance not ever recognized at right time.
RE:True story about all Indian service company
by gaurav singh on Jul 24, 2007 12:34 PM Permalink
same here the effort that u put into the task assigned goes unnoticed in 90% of the cases or rather it is avoided by the managers wipro sucks.............
RE:RE:u can think abt this option
by Jagbir Singh on Jul 24, 2007 12:38 PM Permalink
Hi Shammy, Pl. send me the details at jagbirsinghraju@rediffmail.com
RE:u can think abt this option
by Anurag Misra on Jul 24, 2007 10:12 PM Permalink
Hi shammy -could you please provide more info to me on anurag_mtsn@rediffmail.com
RE:u can think abt this option
by muthu kumar on Jul 24, 2007 03:52 PM Permalink
hi shammy, could u please send the details to muthuforever@rediffmail.com
RE:u can think abt this option
by Sahil Gupta on Jul 24, 2007 04:16 AM Permalink
hmmm... whats with this data entry... u got some other id?? yahoo or gmail?? may be we can chat and talk abt it...
If some one is thinking that billing rate of Wipro and Infy is less then you are mistaken. Some 3 years back for a project I took few outsourced engineers from Wipro they used to Bill 4500 US$ while working in India ( $ was about 45 rupees) and on foreign location the expenses were extra. Of this was not a bulk deal but just experimental deal so that would fluctuate rate a little bit but overall for the skill sets and knowledge level for initial few engineers this was too much.
Senior Engineers ( 6 to 7 yrs exp) touted as experts in particular areas were actually heaving just black box testing in those fields. Indian service industry people say they reply on breadth of experience rather then depth but I never realized before how shallow the depth is .I am still in touch with these guys and interestingly they have become managers in various companies owing to vast breadth of experience they have :-)
Indian Service companies have invested almost zero rupees in R&D and creating solutions. Instead they preferred to sit on Cash mountain. This cash mountain made balance sheets look lucrative so the promoters and ESOP holders at very senior management level were able to mint good money in stock market. if there is some problem today it is just because of poor planning and risk hedging done in last 10 / 15 years.
Greed has no bounds Enron management has proved it , I feel Wipro / Infy and TCS are also in same league
RE:RE:Billing rates of Wipro / Infosys
by Sheetal Kaur on Jul 24, 2007 03:59 AM Permalink
What is the salary of a person working for these companies and who are there clients any idea. I would like to know since I have lots of friends here in UK whose work has been outsourced to India.a desk top engineer who just installs and configure PCs at the lower end earned 3200 U.K pounds which works out at 2,642,397.08 INR. I wonder what the same person gets in India and how much are these companies in UK saving and how much are the workers being milked for.
RE:RE:RE:Billing rates of Wipro / Infosys
by Sheetal Kaur on Jul 24, 2007 04:03 AM Permalink
And the working time is 37 and half hour per week with 8 bank holidays and 6 weeks annual leave. over time worked at the week end is paid at twice the hourly rate. working for Saturday 7 hour you get paid form14 hours. i bet the conditions in India are worse then these.
RE:RE:RE:RE:Billing rates of Wipro / Infosys
by Sahil Gupta on Jul 24, 2007 04:08 AM Permalink
well.. miss sheetal kaur... thats a lot of money according to me.... in india i dont think a person makes even 10% of it....
RE:Billing rates of Wipro / Infosys
by Dipak Bose on Jul 24, 2007 04:17 PM Permalink
High salary in UK in terms of Rupees means nothing. You have pay about 30 percent as tax. Then your tiny flat cost you 70 percent of your net income per month. You end up with such a small money you have to count whether you will drink tea or coffee to save money. People in Britain are really poor, they dress poorly as they cannot afford better. I have worked for an American MMC in London, I had to go there at 7.30 in the morning, I had to stay until 10 pm. I had to take work home for the weekend. There is no overtime. even then they can sack you because your unit may not be earning enough profit. They take bllod out of you in UK. Indian living standards are much better. In UK, they are at all educated. Most programmers do not know any mathematics at all. They may not have even ordinary graguation degree from a college. Most of them are high school graduate with one year Diploma in IT. They cannot do anything related to mathematics, that is the reason they give these projects to the Russians/Indian/Chinese.
RE:Billing rates of Wipro / Infosys
by Sahil Gupta on Jul 24, 2007 04:06 AM Permalink
well well well.... who ever u r.. well i guess u got lots of knowledge abt this stuff... well said Mr. hmmm... i think may be u will also be requiring some guys for some sort of job... may be i can be of some help to u... BE comp Pune univ (2007 Pass out).. results awaited.. mail id: sahil.engg@gmail.com
RE:Billing rates of Wipro / Infosys
by p reddy on Jul 24, 2007 02:04 PM Permalink
well said man. Indian companies are good in body shopping. Though these companies have got lot of money, they never tried to invest in R&D, instead they look for more more projects...
RE:incr cost of sw exported compensating Re?
by sanju baba on Jul 24, 2007 06:44 AM Permalink
touching the terms agreement is big mess ,when there is enough competition.. more over looking from the client side , he does not care the rupee value .. what matters is the outsource rates
I think working for non-IT companies is a better option..for example banks..like HSBC, ABN AMBRO, ZURIC, Credit Suisse etc...don't howz the market in india as I am in UK where banks pay better with good bonuses and better work....otherwise IT companies here are same like India.
Product,Innovation,killer application.Clear demarcation between programmers and non-programmers(read fake exp people),Equal wages for ppl with same no of experience.Migrate from sub component/component coding to framework to application development to product development.Utilize 20% of cash reserve in R&D.40 to 50% Hedge,20% inorganic growth.Lean management hierarchy(too many TL,PL spoil party).
Meanwhile gurls n guys visit this blog site
www.95506am.blogspot.com
Good recommendations -STOCK market & FnO
Rupee likely to hit 38.85 in next 3 months.At end of year Rupee will trade in range of 38.20-38.90 v/s USD.
I think one of the main reason for lager attition rate in IT is because of mushroom placement consultant also...beleive it or not you can get hundreads of call from these peoples in a month even if you are not willing to change the job, they will show you the benifits of job change,,these guys just make the compition worst between big IT firms for employees,,they want to keep their business running..
