Managements- Get your act together before layoffs

Forward by Venkat

Managements- Get your act together before layoffs Else Repent in leisure

I thought I will write an article on this issue of layoffs and how Managements could handle it better. After all so many lives could be dependent on one breadwinner of the family, that may be your close friend or your own colleague or your relative. Without doubt, Layoffs cant be avoided because of the disturbing recessionary trends Globally. But what could be avoided is the intense heartburn between the Employer and the laid off employee. What is been happening in the past few months when it comes to layoffs is not right and unethical. and it is in this direction I thought I will contribute something positive in these negative times.

I just read about one IT Firm offering Severance package of Two months salary to the laid off employee..I think it is ridiculous. mostly it is the basic component of the salary they are talking about..and not take-home salary..that would work out to just 50% and altogether Severance package will work out to be only One month takehome salary. Can draw laidoff people mad with their family’s financial commitments..

Ofcourse, Indian IT companies when they got Good Annual profits (as they did in the past 5-10 years) did not share as much as the Employee deserved. But atleast when they are not doing well, they can share those money sacks lying in their Bank coffers. atleast by giving decent severance packages..

To say the least, Severence packages are measly in our country. I am not talking abt any one IT Company in particular, but most Indian IT Firms. Managements have to work on how they can give the best package rather than citing the old employee contracts, Indian market facts, Global recession,performance appraisals and such lame excuses. If you can give decent offers monetarily while these employees where being recruited in truckloads, follow the very same policy during exit too. Give employees what they deserve. Where are the voices from NASSCOMS and CIIs. Are they only for protecting Employer interests ??

Before politicians come knocking on the IT CEO’s doors just like they did as in Jet issue, it is better they understand the situation and give the laidoff employees decent bye-bye packages. Else there are umpteen unions and Violence-happy outfits who are ready to exploit the volatile situation. As a sane person, I dont think we should give such nasty-minded outfits a chance to do that..All is well when it is well..and yes this holds viceversa too. Play your cards right.

Managements, Get your act together before it is too late. Be Professional. Let it be a win-win situation to both managements as well as the pink-slipped employees.