Do WE remember those days when a Business Aanalyst from IIM C was hired by Infosys for 7 lacs just to maintain their brand status .Disd they think that what analysis a fresher will do who has always worked on simulations and hypothetical case studies.Did they think about other empoloyees and their family ....Did tyhey plan for rainy days ahead .NOOOO they were just busy in melting money in Y2K and DotCom and throwing it in IIM and IIT's to maintain their cosmetic prestige. I have taken infy as an example but the case was same with almost all the IT companies who are shaken by the recession and falling price of Dollars today as they have not foreseen bad days and conceeded to the ploy of the racquet of IIM graduates in everycompany where the Alumni forces the Org to throw exhorbitant salaries to their juniors in the campus thus maintaining a "Khud bhi Khao dusre ko bhi khilao policy".But have they ever done Job Evaluation as to what potential that function has ..vis a vis the market scenerio. Anybody can perform in favourable markets or when there is substantial water beneath the ground .But the supremacy is when there is no Water underneath the ground and one sustains the thirst and doesnt give the Lame excuse of wrong Policy and Dry Market.
