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Layoff tales: They can happen anytime; be prepared

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YES Vote aaap and be ready for Job Cuts in Pvt Sectors.
by Prashant on Feb 04, 2015 08:34 AM

YES Vote aaap and be ready for Job Cuts in Pvt Sectors.

Aaap = Obstacles to Private Sector

Obstacles to Private Sector = Pay cut

Obstacles to Private Sector = Job cut

Job Cut = Start finding govt Job

aap = Job Cut.

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Pat Thakur
In fact, you should keep a resignation permanently at hand.....
by Pat Thakur on Jan 11, 2015 06:49 PM

'Coz when they take you in, they will always give you big rosy pictures. But the day you start nearing 3 months, six months or a year, they will start gunning for your throat, sometimes covertly, sometimes openly. The catch is to either a) sack you or b) you resign. Otherwise they will have to make you permanent n start giving you all the benefits.

Note: These 2 are the sole exclusive of lickers or lays.)

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arungopal agarwal
Lay off
by arungopal agarwal on Aug 24, 2013 12:52 PM  | Hide replies

Do not apply to govt. servants, they are Maharaja of todays time, paid DA linked pension even after death to dependents with free medical. Biggest burden on our economy. Do not know the language of chucking out, work performance, they only know money, money and money everywhere.

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Ahi Sen
The new headache for elders.
by Ahi Sen on Aug 23, 2013 11:28 AM

Losing job was very rare case in India during pre-liberalisation,privatisation and globalisation(LPG) days. However, it is rampart in post LPG period. Apart from causing destabilisation of family life, it has become a headache for elderly persons who are compelled to look after the families of their retrenched children. The volatile employment situation is offshoot of new economic policy effect of which is now felt by other sectors also. Growth rate of economy has slowed down, value of Rupee has suffered a nose dive and middle class and the poor are the victims.The failure of protagonists of LPG is evident in all spheres of economic activity.

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Partha Paul
What we should ask this UPA government
by Partha Paul on Aug 22, 2013 07:04 PM

Why the good work of NDA was undone by them?Where is the scam money?Why NGREA and Food Bill which will tkae back the country again.Wht about the system which sucks up 80% of the money meant for the poor?When cracks were seen much earlier because of high imports why no action was taken?Why currency was just printed to fund the deficit resulting in inflation?India is a country of young people this govt have played with the future of the youth.

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SR Hari
What if the employers don't compensate?
by SR Hari on Aug 22, 2013 06:25 PM

While pink slip culture had caught up in India too, on par with the Western world, employers / management are smart / clever to avoid paying the final settlements. This is true even with large corporates who are around for decades. While they talk about Value, Trust, Service - to the stake holders, employees, vendors, customers in their presentations, they go to any extent in denying the "dues" to many of the "laid staff".

The "subject" in the story mentions about 2 month salary and settlements happening properly at the time of pink slip. What if it is not taken care of? Who will pull up these employers?

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by Shownak on Aug 22, 2013 05:43 PM

When I was working in a BPO, I had some money and lots of headache. Now I am working at my hometown in a traditional setup, I have less money and no headache.

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Sunil R
Tax concession
by Sunil R on Aug 22, 2013 02:17 PM  | Hide replies

This has become a very common thing now and I think Income Tax department need to waive tax for people who get pink slip till they get another job. Whatever compensation you get is taxed at a high rate and even if you don't have income you go on paying tax on your savings that you have to withdraw. This requires a serious consideration.

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Anand Tamariya
Re: Tax concession
by Anand Tamariya on Aug 23, 2013 09:11 AM
You don't have to pay taxes unless your ANNUAL income is more than taxable income. So I don't necessarily agree with your statement about IT dept.

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Suresh Tenvillage
Re: Re: Tax concession
by Suresh Tenvillage on Sep 13, 2013 01:41 PM
Mr. Anand, where is the future for the present generation. If they save money for the future and if it attarcts interest more than 10000/-givtlevy tax. What will you get in that 10000/- in todays world. But the tax authorities still want TFS on that money. In this scenario how about his survival post 50 of his age, as tehre is no pension, jobs after 50, in future you forget.

Govt must think espoecailly for the salary class and waive TDS for interest earned on saving, irrespective of the amount.

but fin minister lke Chiddu, the hopless Fin minister ever had this country can hardly think these aaspects.

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