I would term it as one of the most unethical practice ever adopted in any of the industry. They promised something else in the begining of the year and finally they paid something else, does not reflect good on the company's image. On one hand its being told to shareholders that the revenue has increased and so has the profit, on th other hand the employees salary is being cut to probably inflate the profit figures. It gives me an indecation that the image TCS tried to project at the end of Q3 result release was not the actually the true image of the company. The step needs to be explained to all the stakeholders rather then keeping everything shrouded in the mystry.
RE:Unethical Practice
by bagsnsave on Jan 31, 2008 05:15 PM Permalink
who promised. First try to get correct info: before passing any comments. Well i am not part of TCS..but am in IT industry for quite sometime. Deduction in salary is fully in keeping with company`s written contract with employees that Variable pay is linked to company performance and profit. Hard 5000 RS ( exclu IT) a year for an indv of 4-5 yrs exp. Its a petty amount comparte to CTC
RE:Unethical Practice
by deepak thukral on Jan 31, 2008 07:44 PM Permalink
Its good to hear that you are in IT industry for quite some time but I am wondering if you have really read the complete post or not. It was communicated to shareholders few days back that the revenue has increased and so has the profit. It was also reported that the earned profit has met the desired expectations. If earned profit had really met the desired expectations then why was it required to cut the salaries of the employees?
Also its not about the amount of money, its all about the value of your words.