There is nothing wrong in exercising such an option when the Company is feeling that their payroll is becoming bigger when the margins are deteriorating. As a matter of fact, the inefficient HR professionals had opted for very high salaries for the software professionals, on the pretext of retaining the talents; there are various ways to retain the talents, arrest attritions and develop loyalty and involvement of the staff in the organisations. The present step of TCS will encourage other software cos also to resort to such an action, which will bring the salary structures to reasonable level. This will encourage employees to move to other professions also, resulting in an overall development of salaries for all types of professionals, which will have a better future for India.
RE:TCS SALARY CUT
by programmer on Feb 02, 2008 12:03 AM Permalink
there is no truth in this . it is determined by demand supply . nobody can "fix" software developers's salary . indian companies have to compete with MNCs to retain talent. high salary is just one part of the solution
RE:TCS SALARY CUT
by ganesh kumar on Feb 02, 2008 12:59 PM Permalink
But there is also a perception of what is 'reasonable' as determined by the market.
MNCs have hire and fire policy, which many Indian companies are not comfortable with. So, salaries cannot be part of the solution.
