Business can function profitably over the long run if it can continue making profits. Employees play their part in ensuring that business continue to function. If the economic environment needs businesses to review their practices then so be it. This is just another case. TCS has been around longer than most of the boarders here. I am an ex-TCSer and can vouch for the competency of the management. They might not have the brand value of an Infosys, but they are better entrenched than any of the Indian IT companies. The choice for employees is to understand that their variable pay is linked to company performance. TCS might have met targets, but have they exceeded them? The EVA model requires 'addition to value' over stated targets. This would not have neen met and hence the necessary pay cuts. I think, it is better than firing people. If employees, feel that they can earn better elsewhere, then they should try it out. No point crying. Same holds true for the IT industry. Life will go on.
RE:Balance! Salary cut or job cuts?
by your amre on Feb 01, 2008 09:17 AM Permalink
Hey Mr Kumaraswamy. I know you are a Dirty guy working in TCS. No ex TCS guy will praise TCS. Everyone who has left TCS have left a curse on this company. Its management is the worst. Absolutely unethical cheats.
RE:RE:RE:Balance! Salary cut or job cuts?
by on Feb 01, 2008 02:50 PM Permalink
The main reason for the problem is TCS has recruited more than needed people just to overtake INFOSYS.
So TCS has did a foolish and stupid job from management side.
RE:RE:Balance! Salary cut or job cuts?
by Vamsi Krishna on Feb 01, 2008 05:06 PM Permalink
yes, you are right. tcs has a very bad management, especially low level mgmt.they are very cheap and selfish. they are ready to do anything , anything means really anything , for their self growth
RE:Balance! Salary cut or job cuts?
by chaudary on Feb 01, 2008 10:11 AM Permalink
Hi joseph!Iam completely agree with your view point.When you are enjoying the pleasure, u cant run away from the plane.Every phase is transient one. Nothing is permanent. your right.
