Why do you give example of ICICI? ICICI has few regular employees. Most of the work is done by hirers. That is the reason of their rubbish services and the staffs has no sense od belongingness. Do not put ICICI in th esame bracket of citibank, Recitt etc. ICICI has a horrible customer relation!
RE:ICICI has a rubbish service
by Kaushik Das on Apr 12, 2007 07:51 PM Permalink
Albert has a point here - he is saying that due to a large number of contractors, their services have been disappointing. And they obviously do not count these contractors and their resignations as attrition. In fact, I was not surprised to have its top guy say that he won't increase the salary - the fact remains that icici is an unethical bank which has got most of its business due to false promises made by DSAs which the bank doesn't even acknowledge. So, ICICI should be a part of this discussion, frankly.
Most people working in ICICI is not on the direct pay roll of the bank. They are on the roles of DSAs, Service providers, JV companies etc. If all taken into account ICICI would be perhaps having the highest attrition rate. Since the people are not on the pay roll of the ICICI they lack the commitment on there part which ultimately effct on the services provided to the customer. All the people swearing not to deal with the ICICI Bank had faced the problem with the outsourced staff. In general only a branch manager and one or two staff are on the payrolls of the ICICI and rest are outsourced staffed.
Managers and seniors r so insecure that ne bandha who doez good work is demoralised in many different ways so that he leaves the company. These managers forms groups n if u r not a YES man n by doing good work if u becom a threat to him , these groups become active n starts harrasing the poor bandha till he leaves the company.
RE:Stop office politics & groupisim
by Kunal Yadav on Apr 11, 2007 01:47 PM Permalink
I totally agree to your views, mate! It is quite important to have right people in right places.
RE:ONLY MONEY
by Kaushik Das on Apr 12, 2007 07:54 PM Permalink
Rajdeep, there are several kinds of software engrs - some like me have been paid 2 lakhs less than the market for the last three years, and with no 'substantial' bonuses and other awards. Yet, I have stuck. BUT, there is a limit and if I find that my pay is making it difficult for me to maintain a lifestyle that the company expects, I will have to go for a better paying company.
RE:ONLY MONEY
by Gautam Sinha on Apr 11, 2007 01:40 PM Permalink
Sorry I don't agree and I am a software professional also. I left a top IT Co. because of my bosses. Obviously when I changed I preferred to choose one of the top two choices of offers I had as when u r leaving u might as well make the most of it.
RE:ONLY MONEY
by Satish on Apr 12, 2007 10:55 AM Permalink
You are right buddy! I am 100% agree with you but not on one point that software professionals have no value or commitment. They have it, But on some point of your career you will realize that your commitment has been rendered fake. Your concerns have no value for others[you boss] at all.
RE:RE:ONLY MONEY
by Ajai Daniel on Apr 15, 2007 05:37 PM Permalink
Yes, true ... am also in software industry and for me... on EOD, what matters is the money am getting. Its all business ... and there is no no point in keeping sentiments ..which i had for my second company and i learnt from that.
Yes, apart from the perks, managers are also an integral part. people wont hate the company but they hate the managers there.
Lets not differentiate between Banking, IT or for that matter any other Sector. Any top Indian company which recruits in masses is bound to have high attrition rate. The attrition rates disclosed to media is way above the actualy figures. The main reason behind high attrition for such companies is that they don't value their staff. They think that if you resign there are 100 people behind you ready to join such big brands. They forget the fact that they are loosing precious talent from their company. Also current day managers are not at all effective to appreciate their high performing team members for their acievements & also recommending a different growth path for high performers. This tendency of attrtition will continue until the company recognises high performers.
RE:More employees means more attrition
by Baudhayan Lahiri on Apr 11, 2007 01:18 PM Permalink
TYPO-ERRORS IN PREV POST Lets not differentiate between Banking, IT or for that matter any other Sector. Any top Indian company which recruits in masses is bound to have high attrition rate. The attrition rates disclosed to media is way below the actualy figures. The main reason behind high attrition for such companies is that they don't value their staff. They think that if you resign there are 100 people behind you who are ready to join such big brands. They forget the fact that they are loosing precious talent from their company. Also current day managers are not at all effective to appreciate their high performing team members for their achievements & also recommending a different growth path for high performers. This tendency of attrition will continue until the big names start recognising their high performers & provide them higher growth path.
RE:RE:ICICI use young people on contract
by Challa on Apr 11, 2007 01:34 PM Permalink
He said it right.
Chandra Mohan Sethi, chairman and managing director, Reckitt Benckiser, agrees. "You don't start building a brand like Dettol after competition arrives or when it is about to arrive. You begin much before. Similarly, in HR, you have to consider long-term strategies." One way of doing that is to fine tune hiring policies.
We are just solution providers. Making a living by showing others that he/she is indispensible. We don't have our own product to claim ourself. Be it Operating System, Languages, Technology, Manufacturing, or Telecom. It is only by the inteference of MNC coming in that everything became affordable and meaningful to once life.
All want to groe in life either hook or crook because they cannot sustain the pressure. Only Indian company has CMM level 5 status. Does anyother company anywhere in the world claim that status. We spend advertisement ad in the same old products for decades - Tooth past with salt, Mosquito coils, Washing powder, Sanitary napkins, etc. Where have all the academics gone. Great enterprenurs from hightly reputed institutes. One thing is sure there a periodic learning curve in every indivdual life to sustain. Every geographical location has become a barrier to satisfy elderly parents and relatives. Therefore one can choose one living better than these increments and retention.
If one had travelled abroad he/she will find that what ever is happening today is a decade behind when comapred to developed country.
