I have been working for this listed company for over 7 years and my performance has been well recognized. Rather, more and more responsibilities are dumped on me. But, this listed company is run by an 'individual' and the directors made money and ran off. Now some buffoons from the individual's family are made the directors. Meanwhile, the individual made blunders after blunders and the company is in major debt! Rather has become defaulter by not paying statutory payments like employees' PF, ESIC, TDS, etc. since 3-4 yrs. But the magic is the company is STILL running. The company has not paid the salaries of several employees since many months! Considering the points that you have listed, we all stood by the management (rather that individual) and we are taken for granted! What should we do in such situation? Is there any law that can help get our overdue? Had it been in other countries, like US, etc. this company would have been wound up long ago!
Re: Defaulting (so called) corporate!
by surane joel on Oct 22, 2014 04:30 PM
You know the current situation better than anybody. You are the best judge to decide what to do next. Think about your future and don't dream what is happening in US or else where. Good Luck
Re: Re: Defaulting (so called) corporate!
by eCommon Man on Oct 24, 2014 11:24 AM
Labour laws in India protect the interests of only the low-wage workers. But, there does not seem to be any law that can protect people like us. Therefore, these companies (like the one where I work, Kingfisher airlines, etc.) are defaulting on employees' salaries!
Does anyone know about any such law that rules on companies to pay the employees' salary every month?
Inspite of giving your best, if your are cornered for personal reason that too, soon after your joining organigation.People find that some one has come in which will make us also work . You will be surprised when your immediate boss and Vice president of the company also get involved in and finds that you have increased the pace of work which will force them also to work.
Re: what if
by Desi on Oct 22, 2014 04:08 PM
Sonia Golani has no idea what she is talking about! After getting a screwed up appraisal she decided to set her group and preach to people. Remember your manager is there to take the credit due to you and will not share any. Just move on and let them know how valuable you are....
Never do point 3 in your life. Its just a waste of time. Please remember that to correct something that is not under your control is a complete waste of time. Kindly do not consider that you are defeated if you are quitting the company due to pressure. Always remember that people in control of you cannot be controlled & if you plan to do that then you will again waste your time. Ego of your manager will always come in between and you will be affected in some way or the other. Guys, please remember 1 thing in your life. We leave for work in the morning from our house to earn money not to correct the wrong situation in your office life.
Re: About to resign in a huff? 6 reasons why that's a terrible id
by Desi on Oct 22, 2014 04:10 PM
Not only that there is no guarantee the organization itself will be there long term. So where is the question of staying put when you are not given credit?