If they are in good times..will they hike up the salary....? top guys will have deep pockets to fill...so middle managers and staff below them are going to have a tough time....
This will dislocate the employees of many IT companies.There is going to be lot of attrition rate in the IT Sector? One has to think twice before going for cut in the pay checks!
It's only a variable component...and it varies with the accomplishment of tragets...and it is almost in all the companies.... even I haven't got just 25% of it....
It's only a variable component...and it varies with the accomplishment of tragets...and it is almost in all the companies.... even I haven't got just 25% of it....
Indians IT companies need t grow in mindset from Low cost to high value addition, this is what IBM doing, IBM and MS and other top companies surviving in US from almost 30 yrs in spite of Paying 100K USD salaries at min level, main problem is our IT companies is not able to come out of cheap labor mantra and still hanging with IT application and maintenance contracts, which is low level in value chain and out companies could not do really well in high end consulting, High end consulting is highly profitable and revenue generation opportunity but our IT biggies and greats don%u2019t want to pay high for high end consultants and quality never comes at cheap%u2026..we need to realize this.
RE:Indian IT companies yet to move up in Value chain
by Nandish Mehta on Jan 31, 2008 08:15 PM Permalink
Mr. Indian for your kind information, I have worked with IBM in past & according to me they are no different then just oppurtunist....by which I mean they try to grab each & every money spinning deal even if its a low end job like Data uploading...And as far as variable pay is concerned it depends on the individual performance as well as company's performance & is variable depending on the how much target is acheived....that's the reason it is called variable pay....
RE:Indian IT companies yet to move up in Value chain
by Indian on Jan 31, 2008 11:28 PM Permalink
Hi Nandish, part of the deals some times even IBM need to accept low end work but at the end of the we can't compare IBM and HP with Indian IT companies, they are far far ahead in innovation and real development, also FYI IBM has various Line business units, may be you are in maintenance roles, intention is not to hurt u but IBM has many divisions in India do all the crap work and they do have very high end unitis
TSC type companies, decided to cut their employee salary, what happens in other companies, I think, if company have not forseen the future and planning for their employees, the goodwill and faith of the company may down. It is well known that employer changing habit in IT sector is high,
RE:TCS
by Sanjeev Gupta on Jan 31, 2008 07:23 PM Permalink
Dear Siddhartha, Say what you can, but dont you think it is highly highly iunprofessional accepting in the media that you have given some excess payment to the employees and now u r trying to prune salaries to compensate for that... What kind of managemnet is this.. Maligning the entire sector..!!
RE:RE:RE:RE:TCS
by Nandish Mehta on Jan 31, 2008 08:19 PM Permalink
Sanjeev, its the media who has hyped this...the cutting & increment of variable pay happens each & every year and for each & every company...so basically its your luck if you are paid more than variable or atleast equal to varibale. In fact, my previous Indian company paid me average 110% in every quarter & 120% one quarter then what should I say here ? So be ready for both the ways.
RE:RE:TCS
by Nandish Mehta on Jan 31, 2008 08:18 PM Permalink
Sanjeev, its the media who has hyped this...the cutting & increment of variable pay happens each & every year and for each & every company...so basically its your luck if you are paid more than variable or atleast equal to varibale. In fact, my previous Indian company paid me average 110% in every quarter & 120% one quarter then what should I say here ? So be ready for both the ways.
RE:RE:RE:TCS
by Nandish Mehta on Jan 31, 2008 08:19 PM Permalink
Sanjeev, its the media who has hyped this...the cutting & increment of variable pay happens each & every year and for each & every company...so basically its your luck if you are paid more than variable or atleast equal to varibale. In fact, my previous Indian company paid me average 110% in every quarter & 120% one quarter then what should I say here ? So be ready for both the ways.
RE:TCS
by on Jan 31, 2008 08:21 PM Permalink
Well Sanjeev, I am not sure what is this "excess payment" you are talking about. However when TCS had done good on EVA front about 1.5yrs ago it had given a bonus to the good performers. It was almost three times the amount it is cutting now.
RE:TCS
by Indian on Jan 31, 2008 11:31 PM Permalink
Most of the Indian IT companies are not that good as much as out siders think and lot of scope to improve to move up in profenelism
It is very normal..all companies give the variable pay as per the company performance or individual unit performance..so in nutshell,it is not a salary cut..its the the cut in payment of variable pay..please dont get it wrong..neways TCS was never a good payer as far as salary is concerned, it is this componet which they used to keep people happy and since profit is less, they cant sustain it..no need to worry for other company guys!
one good thing will happen, NO POLITICIANS WUD ASK FOR RESERVATION IN PRIVATE SECTOR? WHICH SC/ST OR OBC WANTS TO WORK, WHEN HIS PAY IS LIKELY TO BE CUT, AT THE WHIM OF THE CO? THE LESSER THE PAY, MORE IT IS UNATTRACTIVE FOR THESE ARJUN SINGH KA BETAS!
RE:salary cut
by niranjani shety on Jan 31, 2008 06:57 PM Permalink
Mr.Higher caste, 100% OBC n BC's in India work for paltry Rs.100/- wages just to keep their body alive, which keeps your economy buyont in construction and infrastructure sector. You have enjoyed reservation of 5000 years, tumko mirchi kyon lagti hai 50 sal ka miniscule reservations in 10% percent of employment area.
RE:salary cut
by Tamil Baiter on Jan 31, 2008 07:03 PM Permalink
OBC's and BC's rule India and are richer than upper-castes and SC/STs dont spread lies dude.
RE:salary cut
by Kunal on Jan 31, 2008 07:08 PM Permalink
In the 50 years of reservations a lot of BC / SC / STs have come up in education sphere. Reservation will be more meaningful if some strong criteria for identifying these people and eliminating them from the reservations is evolved. And let the reservations continue for the other people to whom it has not reached. BTW the topic was on TCS salary cut. WhoTF started the god damn caste problem here?!
Its drama TCS is doing to exploit employees more with showing recession pictures to engineers.
Did TCS paid extra when it was earning huge in last 10 years, these companies have billions of dollors as reserve what they are doing with taht ?
None of the top 10 IT companies re[ported decline as compared to last quarter. TCS is company who used to send engineers on B1 for technical purpose and earning millions, where did that money go.
Its so simple, they want to create fear so that attrition will go down and at the same time they want to pay less with getting the more work done.
If tehy are not able to meet prfits why the hl they don't do lay off ?
RE:Drama to exploit employee.
by prince on Jan 31, 2008 08:03 PM Permalink
Exactly.....On one side they say we continue industry-leading growth & on the other side cut EVAs......so..why do u recruit in hundreds per day?
