If a worker stays in a company for more than 5 years, they will say he or she is uni-dimensional.
If he or she keeps on changing companies they will be called as Unstable or unreliable.
If a Private Company fires its employees, there are hardly any benefits. Some of them won't even give PF & Leave encashment facilities.
Salaries are very less, Inflation is always going upwards. People Age rapidly and we have no Job security or Monetary security.
After a particular age, Employees are discouraged due to Age bar (Inspite of experience), might not be picked in interview or will be forced to work for less under juniors.
If company increases Target suddenly, they have to correspondingly match with the Salary and perks.
They are just having One sided policies favouring only their interests, and don't even bother about employee's life or money.
Re: Modern Companies are not Dependable or Trustworthy
by iota on Jan 12, 2015 01:52 PM
But they never force you to work for them.. so why not leave and do whatever is good for you?
Indian companies hardly comply with layoff rules and dont pay their employees even on closures. their cheques bounces, their promise never materlise and they never pay in lumpsum.
Agree with some point of the author -but disagree with most of the points as it is easier said then done-Advice people who are laid off not to compromise on salary as most of the companies never pay or match the previous compensation -for e.g. Employee A was laid off & joined on a lower salary. 5 years later he called one of his juniors & asked if there was a vacancy in his org. When the Junior heard the salary of his superior which was very low the the juniors salary -the junior could not believe this
One of the important point that author missed here is about health insurance. If someone is fired, the company provided health insurance may not be valid any more. Hence, it is important to have an alternate plan. So, it is always helpful if there is a health plan available other than the one that company provides.
