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I find your attitude very unprofessional - Unnamed Chaintech executive
Indian outsourcer gives its staff raises
INDIAN OUTSOURCER Cognizant is boosting the salaries of its employees and promoting them like crazy.
The promotions and pay raises, which are coming at the depths of the depression, will be effective from October this year.
Cognizant's president and managing director R. Chandrasekaran told the Times of India that the added cash was thanks to his outfit's better-than-industry performance.
Cognizant outperformed the industry and grew by 32 per cent in 2008, surging ahead of Nasscom's estimate of 16-17 per cent for the industry overall.
While everyone had expected its revenues to shrink this year, Cognizant is expected to grow by ten per cent, said Chandrasekaran.
He added that 99 per cent of the outfit's growth has been organic and he wanted to recognise staff who have contributed towards that.
A performance review process has already begun to choose employees eligible for promotion. The outfit gave bonus payouts to its employees some months ago.
Nice to know someone is doing well. µ
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Of course they are growing in this crisis...even more jobs are migrating from US to India.
Pay cuts and extra workloads are forced upon the people with a simpler lifestyle, when the lifestyles of the more complex are hit with unachievable deadlines or their lifestyles starts to be strained by the workload. To keep the house of cards going, outsourcing is generated as necessary.
And of course, it would free up the time of the more complex, let say to raise a second family, his self thinking in terms of how "Big a me", or support financially lucrative double lifestyles appearing and disappearing from one set of schemes to the next.
While the simple meek are at home with one family, yes, on welfare.
Those that get hurt by the complexities of others lifestyles, are dismissed casualties of the workplace, used, slave driven, by the mental disorders of many to acquire an inordinate amount of collateral due to insecurities in the financial world.
It's always nice to know there are people profiteering from what was once America. The American standard of living hasn't gone away, it's been outsourced by Democrats and Republicans. This never would have happened when America was predominantly white and English speaking. These new foreigners don't care enough to get off their duffs and protest the traitoring of America. Shame..
The irony is computers are invented to replace manual labor and then there was a need for the skilled labor to program those computers.