If you get headace,what you will do? Will you remove your head,or chop off your head Obviously the answer would be "No". In the same way,whenever economy goes slow,firing should not be the only solution,we have to look for solutions in all possible ways. If there is a slowdown,there should also be a solution to it,but not at the cost of firing an employee.This is india,not America. For Americans,there are unemployment benifits,so even if they are fired,government supports them,whereas on the other hand, There are no Unemployment benifts in Great India .and our government does not come forward to help,as it is busy in votebanks lecture.
the salaries of the new economy employees are way too high (just like sensex) compared to real value they deliver. they are high precisely cuz they can be fired anytime. its a risk that goes with the job.
the salaries across the board will fall 30% in next 5-6 months. although in old economy and manufacturing it is ok, for new economy ultimate correction by 55% is needed.
If an industrialist has the right to employ a worker he should also be given full right to fire the worker. There has to be two way traffic. If the government ammends the labour laws suitably I think more industries will be set up which means more employment and more revenue to the states and country.The government employees, workers, labourers, etc all have job securities and laws have been framed to protect their rights. But what about an industrialist who invests all his money, takes all the risk, pays income tax, excise, sales tax, employs thousands of people. He always has a naked sword hanging on his neck. Time have changed now, I think we should think with an open mind. There may be some political parties supported by china etc. who do not want India to prosper. But if India is to prosper we have to take some harsh decision and ammend the laws.
If i run a company , i must have the option & freedom to run it the way i want - if that includes retrencing staff to cut staff , so be it - i should be allowed to do what is best for the company - Take the recent case of jet airways - under political pressure they gave back the jobs - but in the long run , it is going to be very dtrimental to the interests of the company - in the quest to save few jobs - a lot more jobs will be lost - which is not good for the company , the government or the common man & the nation has a whole.
THE BEST WAY TO OVERCOME OF INDIA INC IS CUT SALRIES DRASTICALLY OF EMPLOYWEES EARNING MORE THAN 50,000/- PER MONTH. IN INDIA MORE THAN 50% OF POPULATION OF THE COUNTRY IS SURVIVING WITH INCOME LESS THAN RS.4000/- PER MONTH.
Re: CUT SALRIES DRASTICALLY.
by Jew Cock on Oct 22, 2008 12:34 PM
you sound very very russian. i smell a commie rat. are you a red? you don the name of sir viv but not quite batting the right way. gadha aur ghoda kabhi ek barabar nahi hota, only on the grounds that both have four legs and a tail!!!
Re: CUT SALRIES DRASTICALLY.
by b r on Oct 22, 2008 12:41 PM
vivian
the salaries of the new economy employees are way too high (just like sensex) compared to real value they deliver.
the salaries across the board will fall 30% in next 5-6 months. although in old economy and manufacturing it is ok, for new economy ultimate correction by 55% is needed.
Any answer for that:-why Govt anounce first of all 6th Pay commission also increase there own salaries PRESIDENT, PM, MLAS, MP'S etc to fullfil there own dream ( To Win Election in OCTober 2008). Now election will be held in March-April govt planning fail , they are not able to match financial crisis. If govt declare once again that salaries and 6 th pay will be applicable after oneyear. This problem can be solved.
