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The biggest lie companies tell their employees: 'You are our biggest asset'


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ASHEESH KUMAR
No overtime !!!!
by ASHEESH KUMAR on Jan 07, 2015 11:00 AM  | Hide replies

How many companies pay overtime ???? I worked in Maersk India.It did not pay me overtime. This is cheating.

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bigben bigben
Re: No overtime !!!!
by bigben bigben on Jan 10, 2015 04:06 PM
Were you a labourer in the docks for Maersk India? Only labour class gets overtime. Regular staff don't get overtime unless specified in HR policy.

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bigben bigben
Re: No overtime !!!!
by bigben bigben on Jan 10, 2015 04:07 PM
Also, I wonder how many employees refund their salaries when they spend half the day on facebook and youtube. That is not cheating?

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anand nanavati
Worst article on such a subject!
by anand nanavati on Jan 07, 2015 10:33 AM  | Hide replies

Cannot disagree more on this subject.
The author has done no research and has probably no idea on how business are run and how companies are setup and "sustained" in the long run for the benefit of its employees!

I would not even want to comment. Gosh! Rediff... please publish some better articles.

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Abhijit Bhattacharya
Re: Worst article on such a subject!
by Abhijit Bhattacharya on Jan 07, 2015 10:27 PM
Are u an HR btw?

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anand nanavati
Re: Re: Worst article on such a subject!
by anand nanavati on Jan 08, 2015 10:56 AM
Nopes. I am not in HR. I am an employee and has seen in close quarters what happens when the sales folks do not deliver. I would not blame the management and it is a tight rope for them to ensure that the profitability continues for the "company to survive". The problem is that this author does not share the other side of the story. We all know, that profits are required to give better opportunities, salaries and growth to employees. The way this author puts this article here is a like forcing a viewpoint from only one side and not sharing a "balanced view".

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bigben bigben
Re: Re: Re: Worst article on such a subject!
by bigben bigben on Jan 10, 2015 04:15 PM
Very well said anand. Similarly "shareholders". who have created the company by risking their money are also unfairly targeted by these commie authors. I don't know how many readers invest in company shares, but if a company you have invested in keeps paying higher salaries to employees from all the profits and does not give you dividends, you would be justified in asking for the sacking of the management at the company AGM. Shareholders are not doing charity. If every investor just kept their money in FDs, no new jobs or companies will be created.

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MMK Rao
NOT AGREE IN PREDOMINANT NUMBER OF CASES
by MMK Rao on Jan 07, 2015 08:28 AM

There are many many businesses in which margins are as a rule kept pressed down by competition from rivals - large, small and medium. There are many in which employee cooperation to understand that their businesses will need to be closed down merely because of suspicion that their management is lying about margin being bare survival minimum, and to cooperate in good with, and if possible to work for, realise and share in the gains from increased productivity through specific measures management and employees decide through trial. On an overall basis our businesses are among the bottom rated in terms of productivity levels due to lack of our low work culture. Management consultants cannot to afford to miss this point while instructing the firms.

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Sridhar Govindaswamy
Of course
by Sridhar Govindaswamy on Jan 07, 2015 07:27 AM  | Hide replies

Of course non performers will be asked to leave. In bad times, employee count will be reduced. If the author has a maid servant who does not work to his satisfaction or his driver is not good, he will retain them? He will stop their services. And he will probably not even pay any compensation. So why should he expect companies to behave differently?

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Shikari Shambu
Re: Of course
by Shikari Shambu on Jan 07, 2015 08:03 AM
But the employer wont tell his driver or servant that "You are my asset" :)

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Re: Re: Of course
by on Jan 07, 2015 11:27 AM
Employer will tell the feemale employees and servants

'You have big assets'

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sabita  samal
true in the case of PSU and GOVT employee
by sabita samal on Jan 07, 2015 06:38 AM  | Hide replies

true in the case of PSU and GOVT. employee.

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MMK Rao
Re: true in the case of PSU and GOVT employee
by MMK Rao on Jan 07, 2015 08:38 AM
Yes that is the rule with just a few exceptions, in the government/PSU sector in which employee quality and training are something outside the dictionary. The fact that can throttle good overall profit performance in the case of private sector firms is when the proportion of employees who under-perform and show no promise of improvement exceeds a tolerable minimum, when the management is faced with the issue of dealing with that section of incorrigibles.

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Lal Popat
I guess the author does not know that in a capitalist economy
by Lal Popat on Jan 07, 2015 04:58 AM  | Hide replies

it is well known that a for profit company is formed to serve its shareholders by earning profit and increasing their wealth.

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MMK Rao
Re: I guess the author does not know that in a capitalist economy
by MMK Rao on Jan 07, 2015 08:44 AM
It is aside the concept of a business (produce and market products and or services for a profit) to just keep getting by, only paying employees and management and shareholders. The last named pull away from a company that does not care for finding out ways and means by which their aspiring for higher dividends and higher share prices despite competition.

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nitin sadhani
Self employement
by nitin sadhani on Jan 07, 2015 04:35 AM

Every individual should strive to be self employed and learn some skill and became an expert... these companies have outsourced all the garbage work.... these companies take up so many hours of our life for some money and when the employee is not required ... he is fired... working for someone else apart from the government is slavary...

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Communal Award
And
by Communal Award on Jan 07, 2015 12:13 AM  | Hide replies

You're paying Income tax on your salary, not savings.
Tell Modi regime to impose tax on Company revenues, not profits.


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MMK Rao
Re: And
by MMK Rao on Jan 07, 2015 08:57 AM
Nein, please refine your logic. An individual employee has to fend for just his family by earning, spending and earning, but a company has far more headache - due to need to keep satisfied optimally several interests who are the reason for a company's existence. The challenge is to do this in an increasingly competitive environmenpnt, which can become tougher if that company does not want to dilute customer satisfaction and uphold ethics while doing so, in a market scenario in which rivals do not scruple to resort to false advertising and publicity with more and more frauds in tampering with product quality, sales promotion trickeries, and the like, while seldom bothering to identify areas for legitimate cost cutting or raising productivity through worker education and training incurring some expenditure that will in due course pay rich dividends.

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Kheema Paratha
Re: Re: And
by Kheema Paratha on Jan 07, 2015 10:43 AM
Please ignore this chew-tee-yah Communal Award. None of hisher/its posts make any sense.

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Rajesh Chheda
As long as companies follow the law while firing jobs, it's okay.
by Rajesh Chheda on Jan 06, 2015 11:57 PM

Nobody can be sure of the tenure of their job howsoever paying or important one may feel.
Even firing is rampant in govt jobs under various pretext.
World has changed. Loyalty is still valued over competence in times of crisis.
If firing does not take place, the company will have to knock at BIFR.
Employees of Kingfisher know better when hardships strike how managements behave.
If Kingfisher had fired many of unwanted employees in time by giving them adequate compensation as per law, the airline would have atleast delayed it demise or maybe with turning tide become profitable.
Let there be a law which allows retrenchment of labour by paying a notice period.
Organized labour and militant labour have seen themselves being taken for a ride by unholy nexus of labour leaders and mill owners(just an example). It is the poor labour who waited decades for compensation.

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Amod Karnik
The author is a fo_ol of the first order
by Amod Karnik on Jan 06, 2015 11:51 PM  | Hide replies

What is he trying to say? That companies should support laggards and non performers? An organization is not some social service agency.........biggest i_diot i have seen here....

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Rajesh Chheda
Re: The author is a fo_ol of the first order
by Rajesh Chheda on Jan 06, 2015 11:59 PM
They want capitalist salaries for communist or government type of work.


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Prakash Mudholkar
Re: The author is a fo_ol of the first order
by Prakash Mudholkar on Jan 07, 2015 07:51 PM
@Amod - It may not be always non-performers, but it definitely has got to do with removal of seniors and recruitment of juniors for better operating margins. Wonder why Indian IT cos do that when nowhere in the world it is driven like that????

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