Dear readers,
Thursday, August 6, 2009
Adopt one..
Dear readers,
Sunday, August 2, 2009
Friendship Day and me
Friday, July 31, 2009
Stand or pay ??
Thursday, July 30, 2009
What are you here for ....
Wednesday, July 29, 2009
I am back..
So, Finally I have decided to start writing blog again..I am not worried about how relevant it is, what really matters is my thoughts...
Executives compensation...Is it fair ?
I think executive compensation is fair. One of the biggest reasons, according to me, to support this is the risk an executive has to take in order to grow on career ladder. I have done my training in Bokaro Steel Plant for 3 months. During my training I was very upset about the pay-scale. The workers at the shop floor worked 10 times more than the executives. As a trainee I was suppose to divide my time for all the sections from shop floor to managerial level. So when I reached managerial level I knew everything about the production process. I asked my trainer why there is so much difference in pay. Why are the people sitting in AC chamber sipping a cup of tea is paid higher than poor people working near burning furnaces?
The answer I received was something I will treasure throughout my life. He said they get lesser pay because they are poor in knowledge. The world is run by the people who attain maximum knowledge and who are ready to take risk and responsibility. Workers at shop floor do work hard and have the best skill in the work they do but have no knowledge about the other division. Even if something goes wrong they are not bothered about it as they are not accountable for what happened. One such incident where executives were fired because of an accident at shop floor due to ignorance of a worker; clarified my doubt further. Even though the executive was unaware about what happened before investigation he had to let go his job.
So, when executives are at constant risk for their job and have to be reliable for things they have not done I think executive compensation is very fair.
Tuesday, November 18, 2008
Company that HIRES
After recession in US the spil over effect can be felt in India also. One of the most worrying effect is the laying-off employees. one of the recent example of lay-off is Citigroup, which on Tuesday decided to cut 53,000 more jobs, triggering fears of more layoffs across industries.
SBI will hire 25,000 new hands, according to bank chairman O P Bhat. Fresh recruitment will be done this fiscal — 20 ,000 in the clerical cadre and 5,000 supervisory staff.
Companies like TCS, Infosys, Maruti, Satyam, L&T together will recruit 29789 freshers and more....