![]() | #1216 | |
BHPian Join Date: Nov 2019 Location: Bangalore
Posts: 102
Thanked: 292 Times
| Re: Jobs, Attrition & Layoffs in IT companies Quote:
If you want to be extra sure, refer to your former employer's offer letter to make sure it doesn't stop lateral hiring completely (unlikely unless you were in a super senior position) or have clauses about anti competition that specifies your current employer. As an HR professional myself, I consider this act of threatening with no base as highly unethical. At the minimum, you should respond with a strongly worded mail that the accusations are baseless and you will take legal actions if the harassment continues. Side note: It's not exactly ethical to be part of an interview panel if you know the interviewee personally. This is a clear conflict of interest and can land you in trouble in case of a whistleblower situation. There will literally be no way for you to prove a lack of bias towards your former colleagues/ friends. Volunteer out of the panel if you see a conflict of interest. Last edited by anoopGTkrish : 23rd June 2023 at 11:19. Reason: More context. | |
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![]() | #1217 | |
BHPian Join Date: Jun 2023 Location: Bangalore
Posts: 388
Thanked: 1,117 Times
| Re: Jobs, Attrition & Layoffs in IT companies Quote:
Enjoy your new job. And be glad if any that people are motivated to leave for greener pastures. Corporate Loyalty is overrated. Last edited by libranof1987 : 23rd June 2023 at 15:33. Reason: Trimming quoted post. Kindly quote only relevant sections of the post. | |
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![]() | #1218 | |
Senior - BHPian ![]() Join Date: Nov 2009 Location: Pune
Posts: 2,089
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| Re: Jobs, Attrition & Layoffs in IT companies Quote:
Next time when they call or contact you, be calm yet firm and never loose your cool. As a fellow bhpian mentioned, revert saying you will be consulting your lawyer on this, that's enough to knock some sense. I have been in similar situation where i was called upon by my ex boss who started blaming me for people joining my now previous organisation. And, as you said, I was part of the Interview panel, and have always refrained from conducting tests and F2Fs of known people. | |
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![]() | #1219 | |
BHPian ![]() Join Date: Nov 2009 Location: Chandigarh
Posts: 322
Thanked: 418 Times
| Re: Jobs, Attrition & Layoffs in IT companies Quote:
There are clients who do not engage parent company for customization and support. They do it themselves or outsource to some third party. There are many big names which provide services and support for Finacle. Parent company makes money from sale/billing of product and services too if they are engaged. | |
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![]() | #1220 | ||
BHPian Join Date: Sep 2018 Location: MCO | HYB
Posts: 120
Thanked: 612 Times
| Re: Jobs, Attrition & Layoffs in IT companies Quote:
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As my handle says, I am a lawyer by profession (fortunately/unfortunately depending on conditions). So here are my thoughts - 1. No one - even the Supreme Court - can prohibit you from working for a competitor - provided you do not use any confidential information from previous employer. 2. There are so many workarounds of poaching, it is an impossible thing to prove. 3. Informal communications are in personal capacity and have no impact whatsoever. 4. You are on the interview panel due to your position and learning - a determination by your current employer. 5. The phonecalls from HR are purely unofficial. You have no legal obligation to reply or respond to any of those - subject to your F&F getting done. 6. The most important one - Unless and until you receive a notice, CHILL. Now - if you do receive a notice, DM me. I will find a lawyer for you easily. Now, a point of relevance - For all team members, please educate people around you - 1. No non compete can be enforced in a court of law, unless it is proved that you are truly non replaceable and have unique knowledge which should not and cannot be reproduced or reused anywhere - Government Defence sector mainly. 2. Only importance should be given for a notice signed by the Legal Counsel or external counsel for any company. Do not worry about emails/calls from HR. 3. Referrals can be a breach of non - solicit provided there is no public opening. Usually, one of the public portals will have an opening. Hope this helps. | ||
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BHPian ![]() Join Date: Feb 2021 Location: Bengaluru
Posts: 50
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| Re: Jobs, Attrition & Layoffs in IT companies Quote:
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![]() | #1222 | |
Distinguished - BHPian ![]() Join Date: Aug 2014 Location: Delhi-NCR
Posts: 4,330
Thanked: 72,364 Times
| Re: Jobs, Attrition & Layoffs in IT companies Quote:
![]() I have observed more than a few times now that you go out of your way to offer real & meaningful legal advice to members on various matters. Thank you for doing this. It helps build the culture of co-operation at Team BHP. ![]() With regards, V.Narayan | |
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![]() | #1223 | |
BHPian ![]() Join Date: Mar 2013 Location: Bangalore
Posts: 376
Thanked: 1,694 Times
| Re: Startup shenanigans Quote:
So, yes BYJUs is a fraud. But lets not use Wipro as a reference point for anything. Same goes for Infosys. It was just another sweatshop with a founder who bought out the media to sing his praises for ever. | |
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![]() | #1224 | |
BHPian Join Date: Oct 2012 Location: Chennai
Posts: 828
Thanked: 3,482 Times
| Re: Startup shenanigans Quote:
Infosys has an average EBITDA of 18% over the past 5 years, and an ROCE of 41%. Wipro has similar numbers. You might not like their model but they are actual, well run businesses. Byjus is just pure unadulterated scamville. | |
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![]() | #1225 | |
Distinguished - BHPian ![]() Join Date: Aug 2014 Location: Delhi-NCR
Posts: 4,330
Thanked: 72,364 Times
| Re: Startup shenanigans Quote:
And unlike utterly dishonest BYJU's, WIPRO/Infosys and other real businesses pay taxes, deposit provident fund on time, don't run pure scams against their customers and do old fashion stuff like paying a return to the shareholder and repay their debts! On another tangent, not linked to @Naetik30's post, I observe several times employees of software companies making the unsaid assumption that the company is being run for them and that they alone are central to the company's existence. Each company has several factors of production - capital, infrastructure, labour, technology, - labour is one of them: important but not central. Similarly, once up and running every company has several stakeholders - customers, shareholders, debtors, Govt, labour, society - each of their needs have to be fulfilled and balanced. Employees as a part of labour are but one stakeholder. If I had to pick a 'most important' stakeholder I'd pick the customer. Last edited by V.Narayan : 1st July 2023 at 08:38. | |
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![]() | #1226 | |
BHPian ![]() Join Date: Mar 2013 Location: Bangalore
Posts: 376
Thanked: 1,694 Times
| Re: Startup shenanigans Quote:
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![]() | #1227 | |
BHPian Join Date: Dec 2010 Location: Bangalore
Posts: 416
Thanked: 1,022 Times
| Re: Startup shenanigans Quote:
I'm not naming for obvious reasons. This person i met heartily laughed at the gullibility of the average Indian in believing this "Simple man" tale. According to him the said individual was one of the nastiest individuals he's ever come across ![]() | |
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![]() | #1228 | |
Newbie Join Date: Sep 2022 Location: Bangalore
Posts: 1
Thanked: 39 Times
| Re: Startup shenanigans Quote:
This is probably an exaggeration, and not all middleman businesses are bad, but I hope you are getting the point I am trying to make. True, they do add significant value to the society/community (i.e. they make stuff available at a place and time otherwise would not be available) True, just like any other business they have the right to buy as cheap as possible and sell as high as possible. True, they have an obligation to earn as much profit as possible (within legal boundaries) for their stakeholders. However, if you earn Rs 100 on one end and pay Rs 20 on the other side, I do have a concern. Also, let's not take away how much they have contributed - they have generated millions of "okayish" paying jobs in a "third world economy" which was and is still crucial for the country. The number of people they have lifted out of poverty (includes me) is probably unparalleled. However, fact remains that those millions of people working on meagre income (meagre because remember most of them are qualified engineers working with the expenses of a Tier-I city) are not doing so by choice. Unless one does engineering from a Tier I/II college, one really does not have a lot of options. It's tempting to bring the up that some xyz% of engineering grads are so unskilled that they are unemployable, our college education is bad etc. to justify the salaries. But remember most of the folks that say so in press conferences are also the same folks who are hiring the same grads by thousands since decades. How much have these folks done to improve the education in those institutes then? But then one must also realize that if you admit they are good enough, it becomes difficult to justify paying the same (well let's say almost same) meagre starting salary for 10 years, no? Yes, they have provided employment to millions, but not because out of some good heart to uplift the country as some people tend to project, but because that's what their whole business model and profit model depends on It is not correct to make this comparison, and this is obviously a gross exaggeration, but just for providing perspective, think about this like the people working in exploited coal mines (again, exaggerated, but like shown in gangs of Wasseypur). Just because a business is generating employment, and any business has the right to maximize profit, does not necessarily mean the generated employment is always ethical. They are good businesses, but as OP said, I would not use them as yardsticks for moral/ethical business. | |
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![]() | #1229 | |
Senior - BHPian ![]() Join Date: May 2006 Location: Bangalore
Posts: 1,248
Thanked: 2,877 Times
| Re: Startup shenanigans Quote:
I agree the pay in Indian IT services companies is very low and the starting salaries have not increased with time. But aren't they still paying better salaries than most of the other sectors? The salaries of Teachers, Nurses, etc are a pittance in comparison no? Nobody seems to voice their concern against the schools and hospitals charging exorbitant rates and underpaying their staff. Probably because they don't have the corporate tag. | |
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![]() | #1230 | ||
Distinguished - BHPian ![]() Join Date: Aug 2014 Location: Delhi-NCR
Posts: 4,330
Thanked: 72,364 Times
| Re: Startup shenanigans Quote:
All, Using the post above as a marker my comments follow. Not addressed to the author alone but to all in general. Also I'll try to stay with facts and not tumble into opinions, my own mainly. First, yes, it is true that IT companies in India have used our ample half trained engineering/computer sciences labour market to keep starting salaries low for the last xx years. That is not a trait of the IT industry alone but every industry in this country and in every other country. As an employer allow me to share why that happens - first, the under-graduate passing out in India is barely employable, needs at least a year of on-the-job training to get to the point of being useful and they attrite like there is no tomorrow. All these make it imperative for the employer to look after his flanks before investing more in these starter employees. Second, who is to say what is an ethical wage? If the employee is willing to work and the employer is willing to offer a job at wage X then that is it - the market wage. Just because some other busybodies, who by the way are not offering any employment to anyone, believe the wage ought to be X+1 then let them put their money where their mouth is and create those jobs. These busybodies are usually wanna be employees. Third, nobody, but nobody is forcing any one to work for these cruel, exploitative, unethical, godless, heartless, profit seeking IT companies. Fact is engineers from every discipline flock to these IT companies because of the lure of the wages, foreign assignments, better marriage market prospects and working in an air-conditioned office with free, or subsidized, food. The alternative is to work in brick & mortar on the shop floor or field.* Fourth, industries outside IT believe {and complain} that in India IT and banking have skewed the wage structure so much that being competitive is a challenge especially in face of competition from China in almost every manufactured product. Fifth, I have always wondered why IT software employees believe that their employers owe them a higher wage as a matter of their right. The typical software employee is forever grumbling about wages, despite being the highest paid in the country for his/her experience+qualification and forever jumping jobs to a better wage. When they are constantly attriting at 30% per annum exercising their right to change jobs within the IT industry, for superior wages, pray how can they grumble about wages. Seems contradictory. Sixth, the outsourced industry in the world has this off way of pricing by the employee hour a little bit like law firms. This gives the young and naive IT software coder the incorrect impression that he is worth that pricing rate. That pricing is an amalgam of the organization, compliance, quality control, liability management, etc brought to the table by the IT company expressed as a per hour rate. This I believe leads young people to believe incorrectly what they are worth. If they were to step out and try and sell their coding services alone or even as a small entrepreneur, they will achieve the nirvana of true price discovery. And finally, just because an employer pays us less than what we think we ought to be paid doesn't make the employer immoral or unethical. It is a difference of views that's all. The domestic help working in our homes also feels that way against us, BTW! She also wonders why we don't pay her an extra Rs 1500/- a month when we earn at least 100X to 150X that number!!! Thank you for reading. *BTW I started my career in Tata Motors (then TELCO) selling trucks from one tiny town to another living in cheap guesthouses {hovels if you please} with common toilets in exciting places like Satna, Sidhi, Rajnandgaon, Korba, Katni and what have you. India was a lot, lot poorer 40+ years ago and small Tier III & IV towns had no concept of hotels. Millions of young Indians without the advantage of a Tier I/II engineering degrees start their working lives in a similar way today. I believe, like an old man, that there is nothing like a stint in the field and on the shop floor to beat your perspectives of your place under the sun to shape. Software engineers, for no fault of theirs, lose out on that experience. My few years in the field getting kicked around by truckers before moving to the cosy confines of Bombay house's basement were most useful in beating any exaggerated thoughts I had, about myself, out of me. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Quote:
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