July 1st was a big day for me, my confirmation day in XXX company . I kept my fingers crossed to know my appraisals and new package. My project manager pinged me to have an informal chat regarding my appraisal . Decent rating was given to me but the package was worst and worser was , for all ratings package was more or less same.Juniors ,who have joined after us were getting same perks as we got. I was upset and tried to analyze , what the f**k ? happend to this company.
Mean-while I could observe my manager was not in his usual gay mood and rumours were spread that project is gonna debacle and resources would be ramped down due to lack of budget and so were other projects especially projects related to finance,this started happening with other companies too.
Interestingly ,in economic times an article caught my attention about the US economic recession . I was intrigued whether US recession has got something to do with decline in IT services sector in India.I started tracking the projects which were being ramped down in various companies . All these were fortune 500 companies in finance sector. since they have lost their market ,these companies were not interested to put their money on their IT division. Bad news is no more lucrative onsite opportunities :-(
Reason why these companies lost their market is more interesting than my pathetic pay package!!!! I would tell the reason, we find few idiots working long hours to impress their horrible managers. one such an idiot stayed even after office hours for completieng his work ,hmmm but he was neither an idiot nor wanted to impress his manager;-) . He was working in IT division of a reputed bank in US . what's more , this prank created fake saving accounts and took loans even with out securities by tweaking the back-end of companies database ,looted more than 3 billion dollars over night. This has surfaced after a year when company needed to show its profit/loss sheet to stakeholders. All of a sudden investors lost faith in the banks because they have gone haywired when this hacking stuff came in to light , which was done by an internal employee of the bank. Since investors lost faith in banks , much business was not recorded to reap profits. So I have lost faith in my previous employer becoz of his poor package.
7 comments:
Sai, congratulations on creating your blog and a good start too! The article was really informative and reflects the reality of many people in the industry!
All the best for your "blogging career"!
Great start Sai, nice blog. Welcome to the blogger's community.
Good!! Explorer. Nice article.So over Growing IT ofcourse here hacking, effecting IT companies who are internally reason for the growth. Any way we should love the company man we should luv the work.:)
Hi Sai, its strange that you lost faith in a company based on some rumours and an article in the newspaper. The US economy is in recession not due to some bank's employee but due to several other factors. Ups and downs are common everywhere and I can just say -"Love your job but not your company because you’ll never know when the company stops loving you."
Gud start dude...n gud quote bala..Narayan Murthy would have been proud of that.. :)
It's gud in a way ,sai, that u have seen the pathetic side of a company than the rosier one...i hope it has changed ur approach towards work and this can only help u 3 becum a better professional......keep blogging......
Great start sai, I appreciate it really bcoz this is the common problem people are facing somebody should raise it.Esp 80% ppl are facing same problem.But this is problem can't be solved in one overnight may be higher mgmt should look into this problems...
As ur frnd said even I belive same thing "Love your job but not your company because you’ll never know when the company stops loving you."
yeah it's really hurts us becoz who joined after us will get paid more than us.if u join in some company as a fresher u'll not have any growth in pkg unless and untill u jump to another company :(
that's why iteration rate is increasing...
Hmmm Sai i as well felt bad then but we have to accept things and comfort ourselves thinking that we aren't so LUCKY;))
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