do IT professionals work 40 hours of work per 5 days on average ? Why do IT companies happily pay to their employees doing bench sitting for next 6 to 9 months before companies successfully bid projects ? In spite of being rolled in project, one has to wait doing nothing (called hidden bench sitting in my terms) for 2 to 3 weeks before one gets another assignment. The waiting for assignment often goes beyond 3 weeks depending upon how fast the onsite people are able to resolve technical as well as functionality issues of assignments with client's functional team. Off shore Project teams are unnecessarily over-crowed. Company charges money per hour of an employee to clients. Clients are happy in spite of paying to extra not-doing-anything man power working for them. Are clients fool enough not to understand the way their projects are handled by IT companies ?
It has got one simple answer: Overall Clients still find cheap to outsource. So, for IT companies, extra employees are profitable in terms of payments they receive from clients.
How a company can accommodate 10,000 new employees per year where markets are getting saturated ? Everything has got limit.
One day we find breaking news: IT industries are deep in financial crunch. slight decrease in Dollar value stirred entire IT industries. Hundreds of employees got fired on the basis of shrewed and tricky test exams to cut down the cost. Top managements are deeply concerned about future profits. today this dollar devaluation reduced bench strength in a company to almost zero. it is good for industries to restructure themselve to improve efficiency.
It has got one simple answer: Overall Clients still find cheap to outsource. So, for IT companies, extra employees are profitable in terms of payments they receive from clients.
How a company can accommodate 10,000 new employees per year where markets are getting saturated ? Everything has got limit.
One day we find breaking news: IT industries are deep in financial crunch. slight decrease in Dollar value stirred entire IT industries. Hundreds of employees got fired on the basis of shrewed and tricky test exams to cut down the cost. Top managements are deeply concerned about future profits. today this dollar devaluation reduced bench strength in a company to almost zero. it is good for industries to restructure themselve to improve efficiency.
1 comment:
Its the true picture of so called MNCs...no matter what the big name or fortune 500 postion they have...they r just working for their profit without thinking a bit of their emplyess and their professional development....I can guess there is more than 90% ppl who r living in the virtual world in this industry...they dont know what they r doing and why they r doing and for whom they r doing...Its the main drawback of working in such companies...Only providing AC officies, blue collar jobs and maintaining the gud male/female ratio by any way without giving any importance to the talent is the real picture of these companies...So..ppl should think before joing such comapnies whether they want to be a part of unproduactive headcount or do sme gud work in their profession........
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