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Bangalore techies settle for low-paying jobs
Sunday, 26 July 2009, 19:14 Hrs |
104 Comments
70,000 per month, plus perks. But after losing his high-paying job, and being unemployed for three months, George, 31, has started giving tuitions in mathematics and physics to aspiring engineering students in his neighbourhood."Now, I am earning
15,000 per month. It's been hard. I got married only a few months before losing my job. So, when I lost my job, I was in a difficult position. Thankfully, I had some savings. With the savings, I am paying my rent and for a few other necessities," George, who was employed with a top U.S. IT company, told IANS."After losing my job, I tried my best to get a new job. But I remained unlucky. So to help run my home, I decided to give coaching classes to aspiring engineering students."
George is not alone. Recession has hit the IT sector in Bangalore, with scores of techies losing their jobs. Some have been forced to take up low-paying jobs as they wait to bounce back when the recession ends.
Dipankar Dutta, 27, working with an Indian IT company as software engineer, lost his job almost eight months ago.
Today he has a job, but as a content writer in a tech firm.
"Thankfully, writing has been my forte. So, I landed this job of a content writer. Otherwise I would have been in a soup. Since I cannot afford to stay in Bangalore without a job, I compromised and settled for the new job with a much lower pay package," said Dutta.
Scores of IT and ITES professionals in Bangalore have lost their jobs in recent times, an effect of the global economic meltdown. But there is no precise count of the numbers.
According to the latest employment and business outlook report by Bangalore-based staffing firm Teamlease, at 23 percent the attrition rate in this city is higher than in any other city in India.
The report was based on interviews with HR heads, CEOs and senior executives of 495 companies in Bangalore, Chennai, Hyderabad, Kolkata and Pune.
"The city accounted for the highest attrition rate. IT accounts for over 80 percent of the city's total labour pool. The attrition rate was 23 percent in the last quarter, against the previous quarter's 16 percent. Much of the attrition could be involuntary attrition (or layoffs)," Teamlease General Manager Surabhi Mathur-Gandhi said.
India's Silicon Valley has seen thousands of people getting pink slips in recent months. And many more are under the threat of losing their jobs.
"It's painful to lose your job, in today's expensive world. Those who have lost their jobs are desperate now, thus they are settling for low paying jobs," Karthik Shekhar, General Secretary of UNITES-Professionals, an unrecognised union of IT/Call Centre/BPO employees, told IANS.
"Every day we meet young men and women who have lost their IT jobs recently. All they want is a job. But getting a job in the IT sector is very difficult. So, they have no option but to settle for jobs outside their fields and that too with low paying packages," Shekhar added.
"It's encouraging that today's youths are ready to move ahead in their lives. Instead of waiting for the economy to revive, IT professionals have started exploring other fields and this is a positive sign," said B.N. Gangadhar, professor of psychiatry at the National Institute of Mental Health and Neuro Sciences (Nimhans), Bangalore.
Mohammed Khan, a trained software engineer, told IANS: "Initially it was difficult, but I am happy with my choice. After losing my job with an IT firm, now I am working as a sales executive. I am hoping the economy will recover soon and all the techies who have lost their jobs will get new jobs in their field."
Source: IANS
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Reader's comments(104)
1:
Dear all,
Take this situation as blessing in disguise.. I hope majority would agree with me that even at high paying jobs.. most are not satisfied and happy.. deep inside they need change but don\'t have courage to leave the high paying jobs and continue to work.. albeit with the kind of pressure we work there is seldom time to think what we really need to be happy..
I strongly believe.. this is the time to reorient our goals towards what makes us happy rather than earning more and more.. think of adequate.. and rediscover who we really are as an individual and what matters most..
All the best to all of you
Take this situation as blessing in disguise.. I hope majority would agree with me that even at high paying jobs.. most are not satisfied and happy.. deep inside they need change but don\'t have courage to leave the high paying jobs and continue to work.. albeit with the kind of pressure we work there is seldom time to think what we really need to be happy..
I strongly believe.. this is the time to reorient our goals towards what makes us happy rather than earning more and more.. think of adequate.. and rediscover who we really are as an individual and what matters most..
All the best to all of you
Posted by:Ravidas
- 28 Jul, 2009
2:
Hi guys,
dont'worry it is for good reason,you might have realize what worth IT got in terms of job security.money is not big matter,so many things in life you cannot view with money.life is roal recognize your core strength,it gives you enoromous strength to face life with cool.more passinate about your job,ignored every thing,what you get end of the day,nothing else.dont worry good times with you ahead..
dont'worry it is for good reason,you might have realize what worth IT got in terms of job security.money is not big matter,so many things in life you cannot view with money.life is roal recognize your core strength,it gives you enoromous strength to face life with cool.more passinate about your job,ignored every thing,what you get end of the day,nothing else.dont worry good times with you ahead..
Posted by:sash
- 28 Jul, 2009
3:
hello dis is priya.........i have completed my B.tech in Electronics and Communicationin 2008 batch.i'm not setisfied with my job.will you help me to find telecom related job.
Posted by:Priya
- 28 Jul, 2009
4:
Wht so u do actually? have u passed out for any of the IIT? There is a real big problem our country is going to face..well why dont you got MS/Mtech then.
Blackmagic Replied to: Priya
- 29 Jul, 2009
5:
I can provid you a sales job not administrative job, are you interested
veeranna Replied to: Priya
- 28 Jul, 2009
6:
Hi, this is Ganeshmoorthy, I have completed M.Sc,(ISM) and i worked as a contract employee with Infosys, My contract was over last March and I was not able to get job in IT, Could anyone help me to get a job in administrative field.
Ganesamoorthy Replied to: veeranna
- 29 Jul, 2009
7:
But isn't it that the main reason a IT guy is paid so much is that he may be fired any time? Its ridiculous that you IT guys want a high paying job at the same time you should never be fired. Funny guys!
You guys raised the cost of living in Bangalore so high. Now you suffer! Next time when you use your wallet, use your brain too, so that both you and the country is safe!
You guys raised the cost of living in Bangalore so high. Now you suffer! Next time when you use your wallet, use your brain too, so that both you and the country is safe!
Posted by:Jothyrmayi
- 28 Jul, 2009
8:
Ohh what a great thiught "getting paid high is a reason to get fired". I am sure you belong to a kind of degree that never fetch you handsome income. Lets understand that tough times had alwasy been there once in every economic era and this is not something new... get up and live up to the reality. You need to bring all the efforts to pull up ur lifestyle and the sense of achievement...dont talk like a loser
Dave Replied to: Jothyrmayi
- 29 Jul, 2009
9:
Good solution. But it is not the permanent one. For past 8 months the market lions are saying the same story, "Within 2 months the crisis will be rectified.". But still the same.
One more new talk is there in the market side, (i.e.) in this nov and dec again one market fall will be there. They assume that the credit card problem in US will hit the globe again.
One more new talk is there in the market side, (i.e.) in this nov and dec again one market fall will be there. They assume that the credit card problem in US will hit the globe again.
Posted by:Sen
- 28 Jul, 2009
10:
I honestly believe that more than todays professionals it is mainly incompetency at the management level that has caused this. They dont know whom to hire and whom to fire. They dont know whom to pay what. No Planning, no foresight, no Vision, no Mentoring. HR is even worse these days...recruiting techhies even without having any knowledge about what a good techie is. Asking developers syntax rather than looking for aptitude, experience and potential....how dumb is that in todays google world.
Since the top management has been so weak, the effect will definitely cascade down the line.
It has forced ppl to strive and breathe as if they've been drowning....and u bet it's caused by our so called leaders at colleges, at companies, and at Govt.
BTW nightlife and spendthrifters dont just come from I.T. It's part of today's anti social culture not specific to I.T professionals.... just coz I.T professionals are suffering today, you can't just blame them and get away with it, there are many more who are responsible and to a greater extent. Companies hire and pay based on demand..That's the bottom line..they may hire fools and pay diamonds if the need be and not pay a penny to a genius if there's no need....I thought this is where planning and vision came but..but..but
Since the top management has been so weak, the effect will definitely cascade down the line.
It has forced ppl to strive and breathe as if they've been drowning....and u bet it's caused by our so called leaders at colleges, at companies, and at Govt.
BTW nightlife and spendthrifters dont just come from I.T. It's part of today's anti social culture not specific to I.T professionals.... just coz I.T professionals are suffering today, you can't just blame them and get away with it, there are many more who are responsible and to a greater extent. Companies hire and pay based on demand..That's the bottom line..they may hire fools and pay diamonds if the need be and not pay a penny to a genius if there's no need....I thought this is where planning and vision came but..but..but
Posted by:Rohan
- 27 Jul, 2009
11:
i ,sunil singh agree by your comment.
comapny hire those person who will work for the benefit for the company.
comapny hire those person who will work for the benefit for the company.
sunil snigh Replied to: Rohan
- 31 Jul, 2009
12:
these 'IT guys' are like mushrooms and sell themselves when the 'bazaar' is 'garam' or hot.They make 'seasonal' money and get into the industry half baked. Mostly found in Bangalore(where whole of young India beelines as the IT companies there act as avataars or saviours)these 'guy's or 'gaals' talk technology with sorry state of knowledge in engineering or basic education from private colleges.The colleges and banks lending out personal loans mint money as these new breed of pranks sqeeze money out of their poor old parents often threatening them of leaving them alone if they don't give in.A guy not even remotely worthy of becoming an engineer passes out overnight and jostles into the IT mainstream even by depositing considerable amount of caution money with the employer firm.There are numerous examples like this.Such is the fad.PLEASE India.Please alert these poor guys that there are many better ways to earn money outside IT.It has given rise to a neo-cultural fraternity which are late night party animals, spendthrifts,pranks, mostly liers and insincere.They have only mastered one thing: how to twig CV,have unlimited girlfriends & boyfreinds and the art of switching jobs to repay their loans for car and housing loans.This recession will teach these people hard reality.
Posted by:ramangshu
- 27 Jul, 2009
13:
You would too, if you had the chance. You are no saint yourself in today's world.
Sandeep Replied to: ramangshu
- 28 Jul, 2009
14:
hmm, some body is really frustrated. Technology shouldn't overwhelm u but it should open ur mind. Its ur perception that only a genius or IIT 10 pointer deserves to be a techie. Being a party animal, insincere, lair , spendthrift and having unlimited galfrnds and boy frnds has nothing to do with IT profession and IT professionals.
Vikas Replied to: ramangshu
- 28 Jul, 2009
15:
I guess you do not have girlfriend and you are not happy if some one earns more money than you .no problem brother this is the right time to find out a girlfriend while everyone is trying to find a job or trying to save the present job. he he he
sree Replied to: ramangshu
- 28 Jul, 2009
16:
global recession ...its a God gift .. . to the people misuse our values and cultures with their huge salary.. guys forget our past.... its a time to wake up... still doors are open....dont close your eyes...
good luck..
good luck..
Posted by:ravi pakkattile
- 27 Jul, 2009
17:
Maybe you have a government job and earn 1/3rd of what an IT guy earns. But hey, no one can match you guys in corruption and earning under the table, can they? What happens to your much vaunted value and culture system then, Mr. Prude?
Sandeep Replied to: ravi pakkattile
- 28 Jul, 2009
18:
he he he recession will not consider whether u follow your cultures and values Mr Ravi. By the grace of god may be your job is safe and i wish and hope it stays that way, but this unfortunate global event should not be related with misuse of culture and values.
Vikas Replied to: ravi pakkattile
- 28 Jul, 2009
19:
wow this is a worest commenti have ever seen .I do not think that everyone is like you.how can you think in that way .If you loose your job and you do not have money to pay your room rent then you will come to know whether it is a god gift or not.i do not think by earning money people misuse culture may be your friends like that but try to see whole world not your street
sree Replied to: ravi pakkattile
- 28 Jul, 2009
20:
Itz true that the jobs in IT sector had really changed the entire outlook of the youth of our nation(some remote villages and rural areas which form a major portion of our country exempted). IT did change the spending habits and it did helped a lot of other industries flourish by cashing in on the new spending habit of the youth. I remember reading somewhere that more than 60% of the Indians are below 35 years of age and everything started concentrating on cashing in on the youth...Local brands to international brands. Without the boom supported by IT sector, many other sectors would not have seen such a tremendous growth in the past. For example: Real Estate, Automobile, Retail, Aviation(they not doing well is their problem), Luxury products,...This fact should not be forgotten.
I don't work for an IT company, nor any direct beneficiary sector, but I still manage to get what my schoolmates who are working with IT companies are getting and chance to travel around the world. If you take a closer look at the balance sheets of these IT companies, you can see that the net income has reduced compared to previous quarter, but have an increase in the profit. Does that ring a bell? They want to maintain their image as a growing organization in terms of profit to maintain their shareholders and stakeholders - They are answerable to them as well. They do this by downsizing the workforce or lesser salary which was eating into their profit. Unfortunately, this comes at the cost of some of the employees who really put in their everything in for the company. I feel sorry for those guys.
Having said this, IT sector had made life difficult for others from Non IT sector to survive with their not so booming salaries in the recent times. Affordability became a big issue for the commoner. If all non IT sector people were running their business and benefiting out of the IT boom which happened earlier, it would have been right to say that you are also benefited. But remember,there are many others who are not so. The hyped lifestyle of IT sector had forced many within the sector to be at par with their colleagues and spend their savings. I have been reading from many newspapers and magazines about young girls who have to sacrifice their values to afford such spending power.
India is much better off compared to many other countries around the world. Lets face it as challenge our nation is undergoing and lets use our talent to contribute in its recovery irrespective of the past. Lets be more cautious with our lifestyles and let us avoid things what resulted in the present situation. I wish all those who had lost their jobs a fast recovery from the current situation and may be this is a chance to discover the hidden entrepreneur in you. Jai Hind.
I don't work for an IT company, nor any direct beneficiary sector, but I still manage to get what my schoolmates who are working with IT companies are getting and chance to travel around the world. If you take a closer look at the balance sheets of these IT companies, you can see that the net income has reduced compared to previous quarter, but have an increase in the profit. Does that ring a bell? They want to maintain their image as a growing organization in terms of profit to maintain their shareholders and stakeholders - They are answerable to them as well. They do this by downsizing the workforce or lesser salary which was eating into their profit. Unfortunately, this comes at the cost of some of the employees who really put in their everything in for the company. I feel sorry for those guys.
Having said this, IT sector had made life difficult for others from Non IT sector to survive with their not so booming salaries in the recent times. Affordability became a big issue for the commoner. If all non IT sector people were running their business and benefiting out of the IT boom which happened earlier, it would have been right to say that you are also benefited. But remember,there are many others who are not so. The hyped lifestyle of IT sector had forced many within the sector to be at par with their colleagues and spend their savings. I have been reading from many newspapers and magazines about young girls who have to sacrifice their values to afford such spending power.
India is much better off compared to many other countries around the world. Lets face it as challenge our nation is undergoing and lets use our talent to contribute in its recovery irrespective of the past. Lets be more cautious with our lifestyles and let us avoid things what resulted in the present situation. I wish all those who had lost their jobs a fast recovery from the current situation and may be this is a chance to discover the hidden entrepreneur in you. Jai Hind.
Paul Replied to: ravi pakkattile
- 27 Jul, 2009
21:
it's very tough to accept!hope for a bright future of IT indutries.
Posted by:ajit
- 27 Jul, 2009
22:
Good hackers get fired last and hired first. Sadly, what we call an "IT Professional" is some breed of (redundant) middle management. If you're one of these, expect to get fired. After all you can't hack code, so what good are you?
Posted by:Hacker
- 27 Jul, 2009
23:
Will this help, then request all SW techics, stay with your company. Be loyal to your company. Even today, all core Teachers, Egineers, Drs, Technicians, office staffs all stay with the same company, and almost all retire from the same company. These work force had / have no time to think of shifting to another working place. The company is the second family to these community.
Do not jump from your job for little cash, at least during this recession period. This will continue for another four years. It is true that, several charity work is effected due to the IT recession, many had extended their for the charity works. But this charity worked even before SW term. Let the normal man with low income also live on this earth. With SW, even the minimum requirement of a shelter also became non afordable to these common 98 % of Indian population. The SW will come back, only to essentil field with simple applications.
Do not jump from your job for little cash, at least during this recession period. This will continue for another four years. It is true that, several charity work is effected due to the IT recession, many had extended their for the charity works. But this charity worked even before SW term. Let the normal man with low income also live on this earth. With SW, even the minimum requirement of a shelter also became non afordable to these common 98 % of Indian population. The SW will come back, only to essentil field with simple applications.
Posted by:R thomas
- 27 Jul, 2009
24:
try write something different .
Why copy paste the old post again?
Why copy paste the old post again?
Posted by:subhash
- 27 Jul, 2009
25:
its true, this recession hitting many,but you people will feel great about me, I shifted from a private ltd to a MNC firm in januray 2009 and got a hike of 50 % in salary and one level increase in my designation.
Posted by:abhishek
- 27 Jul, 2009
26:
All said and done.. this is the time to retrospect ones ability and possible hidden interest and talent areas to explore the option of part time opportunities which are of interest and have potential of giving you some earnings.. one such opportunity I can share with people who are interested.
Posted by:mdhawan
- 27 Jul, 2009
27:
Hi Dhawan,
I am interested to share the opportunity which can become an eaner in these recession days.
I am interested to share the opportunity which can become an eaner in these recession days.
Asha Replied to: mdhawan
- 02 Aug, 2009
28:
Hi Dhawan,
I am interested to share the opportunity which can become an eaner in these recession days.
I am interested to share the opportunity which can become an eaner in these recession days.
Sharma Replied to: mdhawan
- 27 Jul, 2009
29:
hello i am in mca final year so what i can do in this recession.will u help me
harihar Replied to: mdhawan
- 27 Jul, 2009
31:
Very funny..............
Writing good code does not guarantee your job. Company like Wipro, Infosys, and TCS ….etc are loosing their clients or getting less business from clients. If there is no business then for whom you will write good/bad code? I think you are superstar and genius who may be fired and can write a good code for future upcoming clients. I know one person in US who worked 20 years for Keane and now he has been laid off. For the last 9 months is out of job. He always talked good things about Keane but after 20 years he got nonsense return and reward from Keane.
Writing good code does not guarantee your job. Company like Wipro, Infosys, and TCS ….etc are loosing their clients or getting less business from clients. If there is no business then for whom you will write good/bad code? I think you are superstar and genius who may be fired and can write a good code for future upcoming clients. I know one person in US who worked 20 years for Keane and now he has been laid off. For the last 9 months is out of job. He always talked good things about Keane but after 20 years he got nonsense return and reward from Keane.
sanjeev singh Replied to: Hacker
- 27 Jul, 2009
32:
Hi,
If you are looking out for job change, please read this
carefully.
I have more than 7 years experience in IT and was working
for a CMM Level 5 Indian MNC in Bangalore .
During 2008 Sept-Oct, I was thinking of a job change and I
got a call from TCS (Tata onsultancy Service Bangalore).
I cleared all rounds of the interview and TCS sent me the
offer letter in Nov 2008.
As everyone does and since it was recession time, I had
repeated discussions with the TCS HR person and he specifically advised me to resign from the current job ASAP and give him a tentative joining date. I gave my joining date as 2nd week of Jan 2009.
Then I gave my resignation in my company. I cleared my
background verification and medical for TCS during this time. I came out of job during last week of Dec 2008.
During my exit process, my manager told me in case if
I rethink to join back, give him a call in a week or so..
I humbly rejected it because I had committed to join TCS.
From here the story begins. After coming out of the job, I
contacted TCS HR and told him I would join on the 1st week of Jan itself.
He told all the new joinings would happen only by the 3rd
week of Jan. I did not find anything wrong.
I waited till the third week of Jan and met the TCS HR at
his office. But then, he had a whole new story.
Because of the recession, it seemed he needed special
approval for induction and asked me to wait for max 2 more weeks to get the approval for induction.
I found something wrong but he promised to honour the
offer.
Anyway I contacted my old company.But by that time they had stopped lateral hiring.
Now, it has been almost 6 months. And I am yet to get any
word from TCS.
In the mean time, I have came to know that a lot of people
have had this same experience from TCS.
All of us are experienced.
Many are married and living with their family.
All of us were pretty safe in our jobs. We now face an uncertain future because of a fake offer.
Imagine the pain that comes to a happy, secure family when
the earning member suddenly loses the job.
We resigned from our jobs- and some of us even relocated
just by trusting the brand name of TCS.
So, next time when you get an offer letter from TCS,
please think twice or atleast keep one more offer as a backup before you resign from your current job or EXPERIENCE THE UNCERTAINTY.
This mail is just to open eyes who is looking for a change in this "Recession".
If you are looking out for job change, please read this
carefully.
I have more than 7 years experience in IT and was working
for a CMM Level 5 Indian MNC in Bangalore .
During 2008 Sept-Oct, I was thinking of a job change and I
got a call from TCS (Tata onsultancy Service Bangalore).
I cleared all rounds of the interview and TCS sent me the
offer letter in Nov 2008.
As everyone does and since it was recession time, I had
repeated discussions with the TCS HR person and he specifically advised me to resign from the current job ASAP and give him a tentative joining date. I gave my joining date as 2nd week of Jan 2009.
Then I gave my resignation in my company. I cleared my
background verification and medical for TCS during this time. I came out of job during last week of Dec 2008.
During my exit process, my manager told me in case if
I rethink to join back, give him a call in a week or so..
I humbly rejected it because I had committed to join TCS.
From here the story begins. After coming out of the job, I
contacted TCS HR and told him I would join on the 1st week of Jan itself.
He told all the new joinings would happen only by the 3rd
week of Jan. I did not find anything wrong.
I waited till the third week of Jan and met the TCS HR at
his office. But then, he had a whole new story.
Because of the recession, it seemed he needed special
approval for induction and asked me to wait for max 2 more weeks to get the approval for induction.
I found something wrong but he promised to honour the
offer.
Anyway I contacted my old company.But by that time they had stopped lateral hiring.
Now, it has been almost 6 months. And I am yet to get any
word from TCS.
In the mean time, I have came to know that a lot of people
have had this same experience from TCS.
All of us are experienced.
Many are married and living with their family.
All of us were pretty safe in our jobs. We now face an uncertain future because of a fake offer.
Imagine the pain that comes to a happy, secure family when
the earning member suddenly loses the job.
We resigned from our jobs- and some of us even relocated
just by trusting the brand name of TCS.
So, next time when you get an offer letter from TCS,
please think twice or atleast keep one more offer as a backup before you resign from your current job or EXPERIENCE THE UNCERTAINTY.
This mail is just to open eyes who is looking for a change in this "Recession".
Posted by:Raghu
- 27 Jul, 2009
33:
Thanks a Lot Raghu for sharing your experience. I Hope that you will get a good Job in Near Future.
Mahesh Replied to: Raghu
- 28 Jul, 2009
34:
I am very Sorry for ur situation frnd and may God bless u.This type situation when it will resolved,we dont know.Thanks a lot for sharing ur exp. Yes,We have to be very careful while taking any decision not only for TCS for any company
Jkumar Replied to: Raghu
- 28 Jul, 2009
35:
Raghu, I know u have a very bad experience with TCS, but why don't you try write something different .
Why copy paste the old post again?
Why copy paste the old post again?
subhash Replied to: Raghu
- 27 Jul, 2009
36:
hi friends,
it effect every one.i hope we will Overcome Recession in this year.
it effect every one.i hope we will Overcome Recession in this year.
Posted by:Ankur
- 27 Jul, 2009
37:
To My All Friends(IT/NonIT),
Please spend your time to read the below article that I want to share each one of you after reading all your comments as
Overcoming Recession the Bhagwad Geeta Way
Although the trough is part of market’s sinusoidal behaviour, It is still important for businesses and individuals alike to tide over this wave with self-respect to spare. Amidst this turmoil, where else to look for inspiration than our own Bhagwad Geeta. Indeed All one needs to do is just scratch the surface of this reservoir of wisdom to unearth one beautiful pearl after another. So here is the list of Seven Habits of the Toughest People who outlast the tough times. This doctrine will stand everyone in good stead not only during the current times but indeed for all times to come:-
1. Yuktahar Viharasya Yukta Cheshtasya Karmasu…..
(Exercise Moderation):
Take the middle path rather than any extreme. Reuse before recycling. Spread your eggs in various baskets. Spend wisely. Monitor expenses. Differentiate wants from needs.
Revise targets, Reset expectations, Revisit the plans, Refine goals. Make your time count, Make your resource count, Make your money count, Manage waste.
Be disciplined in your approach and processes you follow.
2. Swadharme Nidhanam Shreyah Paradharmo Bhayavahah……
(Focus on your core competency):
Use the available resources to introspect, re-invent yourself and focus on your core competencies. Identify your Swa-Dharma which is nothing but servicing those market needs that you are best at fulfilling. Recession or No-recession, the world has to go on. Figure out where your piece in the jig-saw puzzle and play in the space where you will continue to be useful.
3. Na Hi Dnyanen Sadrisham Pavitram Iha Vidyate……..
(Multi-skill/Up-skill):
If you have time to spare because production is down, Use it to build your production capacity. In other words, re-charge, overhaul, upgrade, build additional features in your production engine/service delivery model that will enable you to give your customers more for less – not in current times but even when markets hot up later. Create that balance between your Production and Production Capacity as enumerated by Stephen Covey, Remember, Knowledge is Power
4. Yogah Karmasu Kaushalam……..
(Inculcate Quality as the Way of Life)
Follow Karma Yoga – Do the Right thing in the Right place at Right Time.
Let Quality be hallmark of all your products, processes and services. Today times may be recessionary, but when did customers ever not want value for their money? When was the expectation faster, cheaper, better not there? Quality of products, processes and services will ensure faster time to market, right product in the market and reduced cycle time – first time, every time. After all, what you are selling to customers are experiences that enrich their lives. So let Quality be the Culture.
5. Karmanyev Aadhikaraste Ma Phaleshu Kadachan…….
(Control the Controlables)
Control how you spend, control what you do, respond to the situation – not react.
Belives in the natural laws of Karma, of Action, and Reaction. If you do the Right thing, the result will have to be Right – in whatever shape or form it may occur. So take it one day at a time, One transaction at a time, One act at a time, One thought at a time and just keep your focus on responding appropriately. In cricket, the bowler has to keep pitching the ball in the right spot all the time. If he does that, it is just a matter of time before the conditions induce the batsman in losing his wicket!
6. Udharet Atman Atmanam Natmanam Avasadayet……..
(Be the Change You Want See)
You are the master of your own destiny - market conditions notwithstanding! Create positive spirals. Make one good thing dovetail into the other. Start with positive resolutions, manage your time, mange your resources, manage your stakeholders, manage your emotions, manage your expectations, manage your professional and personal life. As Sir Winston Churchill kept telling the beleaguered Britain during the Second World War –
Never, Never, Never, Never Give Up.
Also above all love yourself first so that you can able to love others, Eat well, Drink well. Sleep tight like a baby. Exercise. Meditate. Love your near and dear ones. Love your work not your company. No matter what anyone says, Life is good, world is not a bad place at all and what’s more , you can make it a little better by what you do.
7. Sukha Dukkhe Same Krutva Labhalabhau Jayajayau……..
(Don’t Worry, Be Happy)
Let go. Take the pressure off. Unload the baggage. Travel Light. Get Out of that Rat Race. Don’t worry about the results, about targets someone else set for you - or you set for yourself because of someone else’s pressure. If you are doing your best, then results will follow and water will find it’s level over a period of time. Answers cannot be consistently wrong if the method is consistently right. Beyond that , learn to accept things as they are. Life as it is. No matter how bad your situation, you can lose your sanity and make it worse.
Not Last But Least, We all know too well that tough times don’t last but tough people do. You too can.
Thanku so much for spending your valuable time...
Please spend your time to read the below article that I want to share each one of you after reading all your comments as
Overcoming Recession the Bhagwad Geeta Way
Although the trough is part of market’s sinusoidal behaviour, It is still important for businesses and individuals alike to tide over this wave with self-respect to spare. Amidst this turmoil, where else to look for inspiration than our own Bhagwad Geeta. Indeed All one needs to do is just scratch the surface of this reservoir of wisdom to unearth one beautiful pearl after another. So here is the list of Seven Habits of the Toughest People who outlast the tough times. This doctrine will stand everyone in good stead not only during the current times but indeed for all times to come:-
1. Yuktahar Viharasya Yukta Cheshtasya Karmasu…..
(Exercise Moderation):
Take the middle path rather than any extreme. Reuse before recycling. Spread your eggs in various baskets. Spend wisely. Monitor expenses. Differentiate wants from needs.
Revise targets, Reset expectations, Revisit the plans, Refine goals. Make your time count, Make your resource count, Make your money count, Manage waste.
Be disciplined in your approach and processes you follow.
2. Swadharme Nidhanam Shreyah Paradharmo Bhayavahah……
(Focus on your core competency):
Use the available resources to introspect, re-invent yourself and focus on your core competencies. Identify your Swa-Dharma which is nothing but servicing those market needs that you are best at fulfilling. Recession or No-recession, the world has to go on. Figure out where your piece in the jig-saw puzzle and play in the space where you will continue to be useful.
3. Na Hi Dnyanen Sadrisham Pavitram Iha Vidyate……..
(Multi-skill/Up-skill):
If you have time to spare because production is down, Use it to build your production capacity. In other words, re-charge, overhaul, upgrade, build additional features in your production engine/service delivery model that will enable you to give your customers more for less – not in current times but even when markets hot up later. Create that balance between your Production and Production Capacity as enumerated by Stephen Covey, Remember, Knowledge is Power
4. Yogah Karmasu Kaushalam……..
(Inculcate Quality as the Way of Life)
Follow Karma Yoga – Do the Right thing in the Right place at Right Time.
Let Quality be hallmark of all your products, processes and services. Today times may be recessionary, but when did customers ever not want value for their money? When was the expectation faster, cheaper, better not there? Quality of products, processes and services will ensure faster time to market, right product in the market and reduced cycle time – first time, every time. After all, what you are selling to customers are experiences that enrich their lives. So let Quality be the Culture.
5. Karmanyev Aadhikaraste Ma Phaleshu Kadachan…….
(Control the Controlables)
Control how you spend, control what you do, respond to the situation – not react.
Belives in the natural laws of Karma, of Action, and Reaction. If you do the Right thing, the result will have to be Right – in whatever shape or form it may occur. So take it one day at a time, One transaction at a time, One act at a time, One thought at a time and just keep your focus on responding appropriately. In cricket, the bowler has to keep pitching the ball in the right spot all the time. If he does that, it is just a matter of time before the conditions induce the batsman in losing his wicket!
6. Udharet Atman Atmanam Natmanam Avasadayet……..
(Be the Change You Want See)
You are the master of your own destiny - market conditions notwithstanding! Create positive spirals. Make one good thing dovetail into the other. Start with positive resolutions, manage your time, mange your resources, manage your stakeholders, manage your emotions, manage your expectations, manage your professional and personal life. As Sir Winston Churchill kept telling the beleaguered Britain during the Second World War –
Never, Never, Never, Never Give Up.
Also above all love yourself first so that you can able to love others, Eat well, Drink well. Sleep tight like a baby. Exercise. Meditate. Love your near and dear ones. Love your work not your company. No matter what anyone says, Life is good, world is not a bad place at all and what’s more , you can make it a little better by what you do.
7. Sukha Dukkhe Same Krutva Labhalabhau Jayajayau……..
(Don’t Worry, Be Happy)
Let go. Take the pressure off. Unload the baggage. Travel Light. Get Out of that Rat Race. Don’t worry about the results, about targets someone else set for you - or you set for yourself because of someone else’s pressure. If you are doing your best, then results will follow and water will find it’s level over a period of time. Answers cannot be consistently wrong if the method is consistently right. Beyond that , learn to accept things as they are. Life as it is. No matter how bad your situation, you can lose your sanity and make it worse.
Not Last But Least, We all know too well that tough times don’t last but tough people do. You too can.
Thanku so much for spending your valuable time...
Posted by:Vaijnath Ghayal
- 27 Jul, 2009
38:
i am thankful to you.you defined very nicely how we can handle all real life problems.It's right we should handle all problems with assertiveness.
swati pundeer Replied to: Vaijnath Ghayal
- 27 Jul, 2009
39:
hi
swathi h r u hope u fine
swathi h r u hope u fine
faisal ikram mati Replied to: swati pundeer
- 27 Jul, 2009
40:
Hi vaijnath,
what's u r saying is very true, it applies to all aspects of life
Thank u very much
This will help me lot
what's u r saying is very true, it applies to all aspects of life
Thank u very much
This will help me lot
Swati Replied to: Vaijnath Ghayal
- 27 Jul, 2009
41:
I have a job with a reputed IT firm which made record profits in billions last year, but it chose to use the excuse of recession to squeeze every employee at the lower level and I am still working with almost the same package that was offered to me 3 years ago in campus. While the company grows Quarter to Quarter every year, it is unwilling to share the profits among its low level employees who slog their asses off to bring the profits. This is not a case of an underperforming employee or anything, even the top rated employees have got meagre salary improvements over the last 2 years.
And to top that we see our managers go in business class to Client site and return without doing any sort of work. The cost of their business class ticket is equivalent to our annual pay. How pathetic when they even remove all sorts of small perks which we low level employees used to have in the name of recession. But they refuse to let go off their business class tickets and force us to work in shifts without even a single penny as allowance.
If the company was deep in trouble due to recession every employee could understand this, but when we see company making all the profits in the world and we end up gettin nothing it is truly disgusting.
And to top that we see our managers go in business class to Client site and return without doing any sort of work. The cost of their business class ticket is equivalent to our annual pay. How pathetic when they even remove all sorts of small perks which we low level employees used to have in the name of recession. But they refuse to let go off their business class tickets and force us to work in shifts without even a single penny as allowance.
If the company was deep in trouble due to recession every employee could understand this, but when we see company making all the profits in the world and we end up gettin nothing it is truly disgusting.
Posted by:Anon
- 27 Jul, 2009
42:
LOL . Oracle :-)
IKNowwhat youaretalking about Replied to: Anon
- 27 Jul, 2009
43:
I lost my job in this recession, However I got new one in three months. But I made a compromise on salary for 35 percent less. Not a problem. Its good that these things should happen in our life. It is like a market correction. Haha...It scared my wife too...she was spending like a hell
Posted by:Arvind
- 27 Jul, 2009
44:
The recession tide or recession hype has hit us lately but the fact is that organisations across the world are making a lot of money/profits. In the shadow of the economic recession, top bosses are cooling their heels. Why the hit is on middle and lower level management? Did the bosses gave their ferraris/bmws/business class flights/sumptuous lunches in the five star hotels? No, even the meetings for cutting down the annual budget for hospital
Posted by:Saurabh
- 27 Jul, 2009
45:
Did someone also look at a survey of how the IT folks who saved their jobs, react to their not so fortunate counterparts?
While some did take lower salaries, there are others who took over their boss'position, did everything possible to get their counterparts laidoff or retrenched.
In a Chicago based company in Mumbai, with offices in Gurgaon, Noida and Chennai, one female IT employee even went beyond usual psychophancy to save her job and get more than close with the new leadership team.
The movie "Outsourced" is a great depiction of this reality.
While some did take lower salaries, there are others who took over their boss'position, did everything possible to get their counterparts laidoff or retrenched.
In a Chicago based company in Mumbai, with offices in Gurgaon, Noida and Chennai, one female IT employee even went beyond usual psychophancy to save her job and get more than close with the new leadership team.
The movie "Outsourced" is a great depiction of this reality.
Posted by:Akhil Kamath
- 27 Jul, 2009
46:
We all know that there is recession. In India it has come late. But you do not have to be a part of it. Rather than being morose just move on. Hone your skills. I had a friend who worked for IBM some decades ago. When IBM was asked to move out of India his friends and colleagues took whatever they got, inside and outside india. This guy hung on to thin air for want of a good offer. Result he was unsettled and had kids to support.Ultimately, he joined a very low end company and was stuck. Please ,Don't let this happen to you . These are mental blocks.
Posted by:sanjay
- 27 Jul, 2009
47:
The need of the time is, to be multi skilled. One can not say that only IT guys are suffering, the wave is affecting all the sectors only the intensity can be different & this is higher in case of IT sector. So anyone can be target, so to be multi skilled is the best policy.
Posted by:Sandy3009
- 27 Jul, 2009
48:
Hi IT Guys and Gals,
Don't lose your heart after losing the job because everything happen something good anyway, i have an offer, i am looking for an engineer having 1-2 year of experience in PHP, Mysql, Javascript, AJAX, HTML, CSS.
Please send me your resume, i believe i can provide you some work.
Looking forward to hear from you all.
Thnaks
Nikhil Gupta
nikhil.gupta@treewalker.in
Don't lose your heart after losing the job because everything happen something good anyway, i have an offer, i am looking for an engineer having 1-2 year of experience in PHP, Mysql, Javascript, AJAX, HTML, CSS.
Please send me your resume, i believe i can provide you some work.
Looking forward to hear from you all.
Thnaks
Nikhil Gupta
nikhil.gupta@treewalker.in
Posted by:Nikhil Gupta
- 27 Jul, 2009
49:
One very simple question - Did a Civil Engineer standing in the heat on the construction site, or a metallurgical engineer, standing near the furnace had less brain or labored less during his PET and then during the graduation compared to any other guy who studied the same or other branch, but got a job in an IT company?
The obvious answer is "No"
But then it was IT companies who paid their employees a fortune and gained that money by charging 10 to 50 folds of the actual work involved in software development from their clients.
Naturally, the long lasting effect was to come. The clients lost all there money, recession came in
Now, no clients are not willing to pay a single penny more then what it is ought to be
Companies are seeing there reserves shrinking, hence either getting rid of employees or reducing their salaries.
These employees have actually no right to cry now. They have lifted that money and spent in pubs, which they did not deserve
Its just that, they are now getting the right salaries, at par with their other discipline counter parts, and they must learn to live in it
The obvious answer is "No"
But then it was IT companies who paid their employees a fortune and gained that money by charging 10 to 50 folds of the actual work involved in software development from their clients.
Naturally, the long lasting effect was to come. The clients lost all there money, recession came in
Now, no clients are not willing to pay a single penny more then what it is ought to be
Companies are seeing there reserves shrinking, hence either getting rid of employees or reducing their salaries.
These employees have actually no right to cry now. They have lifted that money and spent in pubs, which they did not deserve
Its just that, they are now getting the right salaries, at par with their other discipline counter parts, and they must learn to live in it
Posted by:Ashwani K Goel
- 26 Jul, 2009
50:
In this context I do remember a seminar in western part of Tamil Nadu, India where one professor predicted all these happenings in times to come. Please believe, formal education (basic) must be with Maths, Physics, Chemistry and natural Sciences and Professional (Engineering) with Mechanical, Electrical and Civil. This is to be taken with the kind of euphoria created for the so called circuit branches.
Kalyanaraman Replied to: Ashwani K Goel
- 27 Jul, 2009
51:
Dear Ashwani,
you are absolutely correct. The Information Technology personals spend their salary on expensive cloths, luxury living hoods, dining in 5* hotels with girl friend ect. They had paid heavy bills on food and drink. Now they are suffering just because of this. If they had been ever control their life style this situation could have been avoided. Many of such IT personals are still captured in EMI prison. They have a tendency to purchase all luxury items on EMI, hence their almost 70% (and sometimes more than this) exhausted to pay EMI every start of a months. They have no any saving/contingency/emergency fund. They enjoy only fun, fun and fun always. So, this is finally the consequence of their fun.
Pradyuman/Delhi
you are absolutely correct. The Information Technology personals spend their salary on expensive cloths, luxury living hoods, dining in 5* hotels with girl friend ect. They had paid heavy bills on food and drink. Now they are suffering just because of this. If they had been ever control their life style this situation could have been avoided. Many of such IT personals are still captured in EMI prison. They have a tendency to purchase all luxury items on EMI, hence their almost 70% (and sometimes more than this) exhausted to pay EMI every start of a months. They have no any saving/contingency/emergency fund. They enjoy only fun, fun and fun always. So, this is finally the consequence of their fun.
Pradyuman/Delhi
pradyuman Replied to: Ashwani K Goel
- 27 Jul, 2009
52:
I am not convinced with your option, I agree that a civil engineer or a material engineer works hard... but the thing salary is depend upon the profit earn through an individual and that is much more then a civil or material engineer... the productivity is also very high as compare to these so its nothing to compare.....
Rajesh Replied to: Ashwani K Goel
- 27 Jul, 2009
53:
I feel then you should work for any realestate group and find out the porofit they make and then talk on same.
shrini Replied to: Rajesh
- 27 Jul, 2009
54:
I disagree with you !
Its Only Dollar effect !
Coz IT companies are paid from US and Europe and Construction and material companies have domestic business that makes the difference of Wages.
At last we never saw any Construction or material Engineer crying for job like you IT Guys are these days !
Its Only Dollar effect !
Coz IT companies are paid from US and Europe and Construction and material companies have domestic business that makes the difference of Wages.
At last we never saw any Construction or material Engineer crying for job like you IT Guys are these days !
ajay Replied to: Rajesh
- 27 Jul, 2009
55:
In simple terms, this is a typical low aspiring middle class mentality. The same mindset that got the leftists and communist thwart the development process of the country.
Not just high salaries, IT folks did see some obscene pampering. But why then miss out on the FMCG and Consulting folks?
Its an irony, that while a large segment of the Indian population contributed to huge FDIs into the country, gave a PQLI for their nonIT counterparts that the latter could barely imagine, when it comes to taking a negative dig at a downturn, some NonIT folks bare no bones in expressing their jealousy!
Not just high salaries, IT folks did see some obscene pampering. But why then miss out on the FMCG and Consulting folks?
Its an irony, that while a large segment of the Indian population contributed to huge FDIs into the country, gave a PQLI for their nonIT counterparts that the latter could barely imagine, when it comes to taking a negative dig at a downturn, some NonIT folks bare no bones in expressing their jealousy!
Raghav Nandyal Replied to: Ashwani K Goel
- 27 Jul, 2009
56:
These IT guys deserve it, Instaed of learning new technology during good times, they were more busy blaming Bangalore traffic and infrastructure, and now they got kicked out by these high life style companies.
Posted by:rajesh
- 26 Jul, 2009
57:
I respect those IT guys who thinks of the infrastructure irrespective of their busy schedule. And why should they not think of it. They too pay the taxes. And dude if you are not thinking of it than better start thinking.
Ashish Replied to: rajesh
- 28 Jul, 2009
58:
What is "right" resources? Behaving and carrying oneself as a third world down trodden below poverty line individual? Born to satisfy the biological needs and dying without any contribution to the country?
There are several so called techies who for this one mentality lets my country down terribly in front of foreigners. By living cheap and projecting us as a country of cheap labor.
At least there are few amongst the IT fraternity who showed the world that we Indians have come far away from being branded as cheap, poor, povertysticken natives!
There are several so called techies who for this one mentality lets my country down terribly in front of foreigners. By living cheap and projecting us as a country of cheap labor.
At least there are few amongst the IT fraternity who showed the world that we Indians have come far away from being branded as cheap, poor, povertysticken natives!
Ranjan Pande Replied to: rajesh
- 27 Jul, 2009
59:
I agree with Mr. Rajesh. Sooner these employees can learn to live in the right resources, better for them
Ashwani K Goel Replied to: rajesh
- 26 Jul, 2009
60:
why u have so much problem .why not think about ur career instead of giving suggestion to other body.first look urself
neena Replied to: rajesh
- 26 Jul, 2009
61:
Excellent, These idiots always would have jealous,with IT people.these buggers can't do any thing other than interfearing others life..these ll are frustarted and mentally ill guys, better send them to NIMHANS
ARYAN Replied to: neena
- 27 Jul, 2009
62:
Good Luck for Your future if you are an IT professional the game is not over yet.
shrini Replied to: ARYAN
- 27 Jul, 2009
63:
Aryan & Neena, I think U both should go to mediation to remove all frustration from yours mind. It would be correct if I say you as a master frustrated.So read “Bhagwat Geeta†and remove your frustrationâ€
pradyuman Replied to: ARYAN
- 27 Jul, 2009
64:
neena you made good comment on rajesh
veeresh Replied to: neena
- 27 Jul, 2009
66:
why do all of you(Mr.rajesh, Neena, Ashwani) fight in this ression period?Dont show your real charectors that what international people think about us if read this commments.
faisal Replied to: veeresh
- 27 Jul, 2009
67:
dear faisal dont worry one of our very respected elder said history will repeate until we wont learn lesson form it. And these peoples have not read those stories well.
shrini Replied to: faisal
- 27 Jul, 2009
68:
Good morning
shrini
Atleast someone understood, i meant to say.we should proud oueself to be an indian why do people always not thankful to god,we must think about the poor who doesnt have proper food,shelter and other imperative need.
please help needy people.
thanks shrini, i would like to hear more from u in this regards.
shrini
Atleast someone understood, i meant to say.we should proud oueself to be an indian why do people always not thankful to god,we must think about the poor who doesnt have proper food,shelter and other imperative need.
please help needy people.
thanks shrini, i would like to hear more from u in this regards.
faisal ikram mati Replied to: shrini
- 27 Jul, 2009
69:
dear faisal stop calling ourself poor we are very rich to handle these problem stick to the basics taught to us. We were never poor nor we will be only some who think that need to go back, we have alreay proved whole world in past and we will do it again this recession is the begning of new story which we will write.who cannot do so sit and go on crying which few are doing.It is well said that "girtean hain jodha he maidane jung mein gutone pe chalne walen kya khak girenge". Enjoy i hope we will never see this recession in our life again so good experience to share with comming generation learn what ever you can.
shrini Replied to: faisal ikram mati
- 28 Jul, 2009
70:
good morning Shrini
first of all i m very much thankful u replied really, i was waiting for u msg only to read since 24 hours ,trust me.(but wishes come true)
let me introduce my self, basically i m an engineer in the mechnanical.i like those peopels who cares about others(who in need),yes ofcourse u not only motivate me but also other , i like u and ur thought really SHRINI.
further to this definetely this recession wil be finshied hope.
takecare say regards to your family.
shall i wait for ur another msg with ur introduction if possible from ur end.
regard faisal
first of all i m very much thankful u replied really, i was waiting for u msg only to read since 24 hours ,trust me.(but wishes come true)
let me introduce my self, basically i m an engineer in the mechnanical.i like those peopels who cares about others(who in need),yes ofcourse u not only motivate me but also other , i like u and ur thought really SHRINI.
further to this definetely this recession wil be finshied hope.
takecare say regards to your family.
shall i wait for ur another msg with ur introduction if possible from ur end.
regard faisal
faisal Replied to: shrini
- 28 Jul, 2009
71:
yes,its a agreed statements about recession,but just ask your self one question does only IT sector will help in fullfilling your dreams.There are many sectors which are lacking in effecient people grab those industries.I personally feel in IT sectors only you see the money apart from money you lose many valueable happyness in your life.
Posted by:vijayroy
- 26 Jul, 2009
72:
I think teaching profession is much better profession than IT jobs. For my daughter, contacted minimum 15 to 20 maths teacher (home tution). Every one ask for minimum Rs.300/- per hr and takes 1.1/2 hr. Each teacher is holding 5 - 10 students earn minimum Rs.30 - 45,000 pm.
Posted by:Ravi
- 26 Jul, 2009
73:
All profession are good as long as you are happy with your work and the earnings from it :-)
Ashish Replied to: Ravi
- 28 Jul, 2009
74:
I get 50k per month, i work for a IT company. I earn better than teaching :)
Raveena Replied to: Ravi
- 27 Jul, 2009
78:
hmm stop cribbing about recession everybody in the whole world knows its there it is there now not only with us but with the whole world
so dont crib just fight
so dont crib just fight
Posted by:puneet brar
- 26 Jul, 2009
79:
The story is really striking but the thing is you have to accept it and move on
We are receovering and thinking back does not make sence.....make some trasition and fight against it...after al only fittest will survive.
All the best to u guys
We are receovering and thinking back does not make sence.....make some trasition and fight against it...after al only fittest will survive.
All the best to u guys
Prince Replied to: puneet brar
- 26 Jul, 2009
80:
Are these IT-techies who have lost the job dare to go to software-product-development sector or manufacturing companies (with IT outlets) after normal conditions are back? ? ? I bet, they will always go for service IT companies for handsome pay, average work (as compared to product development) and more "onsite-seeing" business.
Yogendra Replied to: Prince
- 26 Jul, 2009
81:
Well Loosing a job is really sad but i think this is also an opportunity for those who have been laid off. If they feel they have skills they should try their skills and experience in getting some freelance project(there are plenty of sites offering work). It pays working for yourself much more than you are working for a company. You will be your own boss this way. Internet is a BIG market place and just give it a try. I myself has never worked for any company but has always been working freelance way. I feel If you have skills then at least in the IT(programming/designing) field you will get the work, need is to go after it.
Posted by:Ajay
- 26 Jul, 2009
82:
may i know from where we can get freelance project
Asha Replied to: Ajay
- 02 Aug, 2009
83:
Hi Ajay,
I would like to know more on "working freelance ".I would be obliged if you could provide me with some info on this!
Thanks:-)
I would like to know more on "working freelance ".I would be obliged if you could provide me with some info on this!
Thanks:-)
Syriac Replied to: Ajay
- 27 Jul, 2009
84:
I am an enterpreneur and would advise the fellows who are jobless not to get disheartned and explore freelance opportunities This is also the best time to utilise your experience and be enterprising as per market needs
Its not very difficult to earn the same amount as what you were getting in a job and survive
Remember each moment being spent by you for your own enterprise is an investment and returns are assured if your soul is into it
Its not very difficult to earn the same amount as what you were getting in a job and survive
Remember each moment being spent by you for your own enterprise is an investment and returns are assured if your soul is into it
Kailash Gupta Replied to: Ajay
- 26 Jul, 2009
85:
may i know from where we can get freelance project.
ram Replied to: Ajay
- 26 Jul, 2009
86:
It's all bullshit by these IT firms. You go through ET report and see the latest Quarter Results. Everyone is making high return and profit. How come IT companies are heading for Overseas M&A, if they are not getting sharp profit. It's only that they want to exploit the skilled workforce at peanut's cost and they want to continue the mood of recession artificially, getting all profit from govt. and employees at much lower cost. They are no different from middle centuries concept of MAHAJAN.
Although I'm not from IT field and I'm employed, but I can feel the pain of those who are laid-off.
Although I'm not from IT field and I'm employed, but I can feel the pain of those who are laid-off.
Posted by:Rananjay Anand
- 26 Jul, 2009
87:
I agree with you Rananjay Anand to some extend. Itz true that the jobs in IT sector had really changed the entire outlook of the youth of our nation(some remote villages and rural areas which form a major portion of our country exempted). IT did change the spending habits and it did helped a lot of other industries flourish by cashing in on the new spending habit of the youth. I remember reading somewhere that more than 60% of the Indians are below 35 years of age and everything started concentrating on cashing in on the youth...Local brands to international brands. Without the boom supported by IT sector, many other sectors would not have seen such a tremendous growth in the past. For example: Real Estate, Automobile, Retail, Aviation(they not doing well is their problem), Luxury products,...This fact should not be forgotten.
I don't work for an IT company, nor any direct beneficiary sector, but I still manage to get what my schoolmates who are working with IT companies are getting and chance to travel around the world. If you take a closer look at the balance sheets of these IT companies, you can see that the net income has reduced compared to previous quarter, but have an increase in the profit. Does that ring a bell? They want to maintain their image as a growing organization in terms of profit to maintain their shareholders and stakeholders - They are answerable to them as well. They do this by downsizing the workforce or lesser salary which was eating into their profit. Unfortunately, this comes at the cost of some of the employees who really put in their everything in for the company. I feel sorry for those guys.
Having said this, IT sector had made life difficult for others from Non IT sector to survive with their not so booming salaries in the recent times. Affordability became a big issue for the commoner. If all non IT sector people were running their business and benefiting out of the IT boom which happened earlier, it would have been right to say that you are also benefited. But remember,there are many others who are not so. The hyped lifestyle of IT sector had forced many within the sector to be at par with their colleagues and spend their savings. I have been reading from many newspapers and magazines about young girls who have to sacrifice their values to afford such spending power.
India is much better off compared to many other countries around the world. Lets face it as challenge our nation is undergoing and lets use our talent to contribute in its recovery irrespective of the past. Lets be more cautious with our lifestyles and let us avoid things what resulted in the present situation. I wish all those who had lost their jobs a fast recovery from the current situation and may be this is a chance to discover the hidden entrepreneur in you. Jai Hind.
I don't work for an IT company, nor any direct beneficiary sector, but I still manage to get what my schoolmates who are working with IT companies are getting and chance to travel around the world. If you take a closer look at the balance sheets of these IT companies, you can see that the net income has reduced compared to previous quarter, but have an increase in the profit. Does that ring a bell? They want to maintain their image as a growing organization in terms of profit to maintain their shareholders and stakeholders - They are answerable to them as well. They do this by downsizing the workforce or lesser salary which was eating into their profit. Unfortunately, this comes at the cost of some of the employees who really put in their everything in for the company. I feel sorry for those guys.
Having said this, IT sector had made life difficult for others from Non IT sector to survive with their not so booming salaries in the recent times. Affordability became a big issue for the commoner. If all non IT sector people were running their business and benefiting out of the IT boom which happened earlier, it would have been right to say that you are also benefited. But remember,there are many others who are not so. The hyped lifestyle of IT sector had forced many within the sector to be at par with their colleagues and spend their savings. I have been reading from many newspapers and magazines about young girls who have to sacrifice their values to afford such spending power.
India is much better off compared to many other countries around the world. Lets face it as challenge our nation is undergoing and lets use our talent to contribute in its recovery irrespective of the past. Lets be more cautious with our lifestyles and let us avoid things what resulted in the present situation. I wish all those who had lost their jobs a fast recovery from the current situation and may be this is a chance to discover the hidden entrepreneur in you. Jai Hind.
Paul Replied to: Rananjay Anand
- 27 Jul, 2009
88:
Recession happening in throughout the world, but it delayed in Bangalore, Any how, Improve your confidence level, patience with stable mind along with your technical skills, You will get new Job, Just always try to think like “You lost your job to improve your salary not due to recession†, because recession improves many people salary. You got a good chance to get new job with lot of freedom like a Bird.
ALL THE BEST TO ALL THE TECHIES WHO LOST THEIR JOBS RECESSION
Ravi da King
ALL THE BEST TO ALL THE TECHIES WHO LOST THEIR JOBS RECESSION
Ravi da King
Posted by:AnjaneyaPrasad
- 26 Jul, 2009
89:
Teaching profession is quite good compare to jobs in these MNC's.But nobody is willing to take this profession.
Posted by:Syed Zabiulla
- 26 Jul, 2009
90:
Hello Prasanna, coming to this question here all are Prasanna only by keeping same que in their mind ok:) you should ask this to god but i don think even he can answer to your que:(
Posted by:ishu
- 26 Jul, 2009
91:
Hello Prasanna, comimg to this question here all are Prasanna only by keeping same que in their mind ok:) you should ask this to god but i don think even he can answer to your you:(
Posted by:ishu
- 26 Jul, 2009
92:
It is first dip and there will be several more which will make us think how we can build economy rather then depend on export which is baseless concept for perpetual growth.
Posted by:Nikhlesh Patel
- 26 Jul, 2009
94:
who knows ? companies are Conducting interview but there are not relaseing offer letter after completed allrounds of interview .
shyam Replied to: Prasanna Vasu
- 26 Jul, 2009
95:
Hi,
As a solution to all these is Network Marketing which i am doing as a part time one from last 4 monthhs and eager to do as a full time one since i am also in software firm where recession had hit badly. At present i have got an alternative in my hand to survive and i am sure by this effort i will lead a Financial freedom life.If any one is interested call or meet me
Nikhil 9986778963
As a solution to all these is Network Marketing which i am doing as a part time one from last 4 monthhs and eager to do as a full time one since i am also in software firm where recession had hit badly. At present i have got an alternative in my hand to survive and i am sure by this effort i will lead a Financial freedom life.If any one is interested call or meet me
Nikhil 9986778963
Nikhil Replied to: Prasanna Vasu
- 26 Jul, 2009
96:
Yes it is a sad state of affairs. but atleast these people were employed once upon a time. think about all those who have just graduated and dont have jobs. I know many people who graduated lat year and are sitting at home jobeless. thats worse- when will they ever add to their resume- a job experience
Posted by:sagarika
- 26 Jul, 2009
97:
hi
saga
This is further to your Marvelous,kind & symathy towards all(lost & seeking job) regarding the above mentioned topic(ressision).
i have read all comments from top to bottom, the best i am selected that's your.we must understand what the peoples are thought those who jobless and lost the job.
Hence your mentorship is very stunning trust me, i am highly appriciated.
Hope other will understand soon.
i would like to hear more(atleast one line) from u in this regard.
reply plz,
saga
saga
This is further to your Marvelous,kind & symathy towards all(lost & seeking job) regarding the above mentioned topic(ressision).
i have read all comments from top to bottom, the best i am selected that's your.we must understand what the peoples are thought those who jobless and lost the job.
Hence your mentorship is very stunning trust me, i am highly appriciated.
Hope other will understand soon.
i would like to hear more(atleast one line) from u in this regard.
reply plz,
saga
Aman Replied to: sagarika
- 27 Jul, 2009
98:
i am one of those thousands of graduates who in spite of getting a placement in the first company that visited my college in 2007 march, has not yet honored their offer.so i have settled down with one-third of the pay i would have got in that company which is told to be india's No.3 software company..
vijay Replied to: sagarika
- 26 Jul, 2009
99:
Dont worry dude, it is just a matter of time. Bad time at the start of the career is better than if it comes after some years of experience when either you are settled or planning to settle down by getting married things become very difficult. Trust yourself and have faith in god, in no time things will change and you will again be on peak of your career.
My best wishes to all the techies who lost their job.
My best wishes to all the techies who lost their job.
Gaurav Replied to: vijay
- 26 Jul, 2009
100:
Do you guys have any idea what really caused the recession?Apart for the whole story about how the american sub prime mortage market fell?The global monetary system is such that if someone gains something somewhere in the the world another has to loose else where.The actually value remains near to constant its just the numbers are high and thats what we call inflation.And due to this simple idea is why the rich gets richer cause they have the resource to suck the money out of the rest.Instead of fighting amoung ourselves the people who are actually sufferig we should take it to the ones who are responsible for.Why wait for this one to settle down cause after another 10-20 years another one will come.Its the whole system that needs to be cleansed.
Vivek Replied to: Gaurav
- 27 Jul, 2009
101:
Good Luck for all JOB hunters. In India IT sectors are almost in green color. Definitely we will have more opportunities within 3 months. I think 2010 Jan onwards it will be HIGH.
All The BEST
Thanks,
daan
All The BEST
Thanks,
daan
Nowfal Replied to: Vivek
- 27 Jul, 2009
102:
Thanks for tris interesting information! I found it very useful =)
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104:
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