I think salary cut is not a long term resolution. I think to recover there loss, the company should stop flying people from India to other countries and not buying any hardware equipment for a month or so. By which they will recover large portion of there money. This way employees are not effected by any ways and doesnot set a bad example.
RE:Cost Cutting Strategy !!!!
by kamala on Feb 05, 2008 05:19 PM Permalink
I feel its very good decision. Now a days cost of land and buildings are going up mainly by IT sectors only. Since they are paid more salary.
They are ready to buy the things they want at any cost. Because of these people working in other jobs are not finding it difficult to manage their life.
For example,
there are 3 peoples like to take a rent house. Only 2 house is available at that time. The person who is ready to give more rent will get that house. Now think about the third person and his life position.
So cutting of salary for IT people is good for our economy.
RE:Cost Cutting Strategy !!!!
by Anish on Feb 07, 2008 01:14 PM Permalink
Well said... but remember its the bachelors and dbl income pple (husband and wife in IT) who do as you say... and its because of them bangalore became costly.. anyway i seriously hope that it has a cascading effect... and real estate prices fall!!
RE:Cost Cutting Strategy !!!!
by vinakota venkatasuresh on Feb 05, 2008 05:00 PM Permalink
One more solution is make the underperformers as out performing employees with training instead of recruiting new employees, waiting for them and giving training to them. Also a scale to 1-5 rating is wantedly so that whoever gets 1 and 2 should quit. This doesn't mean that he is an underperformer but his relative performance is less.If someone gets 1 or 2 they are the victims and doesn't know how to apply soap to bosses.
