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Sunil Mittal against 'Hire and Fire' Policy
By
siliconindia news bureau
Bangalore: Telecom czar Sunil Bharti Mittal said that 'Hire and Fire policy' is not going to be accepted in the country like India and asked Indian companies to be much more benevolent.
In an interview to a private news channel, Sunil Bharti Mittal, Chairman, Bharti Group said, "We have to be much more benevolent and care taking of our labor force and our people. That is the philosophy I hold very dear to myself. And I think all industry players must follow the same."
There will be times of distress for corporate houses and this can force them to take the steps which have solution. Mittal urged to create a platform where government and industry both can hold discussions on such a subject.
Corporate houses need to bring more flexibility from time to time to help companies know how to behave during bad phase, said Mittal.
Corporate houses, both in India and abroad, have resorted to job cuts to stay afloat amid the global economic crisis.
In an interview to a private news channel, Sunil Bharti Mittal, Chairman, Bharti Group said, "We have to be much more benevolent and care taking of our labor force and our people. That is the philosophy I hold very dear to myself. And I think all industry players must follow the same."
There will be times of distress for corporate houses and this can force them to take the steps which have solution. Mittal urged to create a platform where government and industry both can hold discussions on such a subject.
Corporate houses need to bring more flexibility from time to time to help companies know how to behave during bad phase, said Mittal.
Corporate houses, both in India and abroad, have resorted to job cuts to stay afloat amid the global economic crisis.
Reader's comments(9)
1: I totally agree with you Mr.Mittal, thats
always the case not only with the MNC\'s
today, but also with our own too. We, the
Indians, always tend to follow others when it
comes to acting against such situations where
we need to sit and think what best can be
made out of the situation.
Posted by: Meera S Rao - 23 Jun, 2009
2: Great. Our country needs such mature business
people, who can sense the pulse of the people
in India
Posted by: Sreekumar J - 23 Jun, 2009
3: Absolutely right. My vote goes to Mr. Mittal.
When companies earn profit,they pay fat
bonuses to Top Exec and when company makes
loss, they fire the small and middle level
work force by reasoning cost cutting on human
resource.Well...why don't they fire Top Exec
or cut their salaries. This is the problem
with all MNCs.Due to Hire & Fire policies
adopted by some Employers, ppl now are making
choices to either not to join those firms or
even if they join, they join to step up for
next level and leave on their
own.........kinda same-use and throw.
Companies should learn that there are only
some times when they make loss and there most
of the times when they make profit and hence
all Human Resources to be well respected and
not fired. Mr. Mittal:You have a point &
I will be your next employee.
Posted by: Karan - 22 Jun, 2009
4: I really appreciate Mr. Mittal's view. But
giving statements in press is many times
different when it comes to actual execution.
I guess time will prove his great words.
Posted by: sanjeev singh - 22 Jun, 2009
5: wait till the salary of all level of
employees go to the level of US workers and
Mr. Mittal will change his statement.
Posted by: whocares - 22 Jun, 2009
6: its correct, i have agreed upnon Mr. Mittal's
statement,and every enterpreneur should know
this reality, that companies are driven by
their employees only and if they work on this
kind of policies, they surely going to have
bad phases in future.
Posted by: Gurpreet Singh - 22 Jun, 2009
7:I agree wutg you
Look at TATAs they dont indiscrematley fire the people
All the companies should be employee and employer driven
Not employer driven for the profilt
I have not seen an employer in India betting all his money in the ventures
They always take bank loan and use it
It is again investors money
There must be system where employers should divest their hiold on the companies once it is bank corrupted.
Venkat
Look at TATAs they dont indiscrematley fire the people
All the companies should be employee and employer driven
Not employer driven for the profilt
I have not seen an employer in India betting all his money in the ventures
They always take bank loan and use it
It is again investors money
There must be system where employers should divest their hiold on the companies once it is bank corrupted.
Venkat
pandurangam replied to: Gurpreet Singh
post - 22 Jun, 2009
post - 22 Jun, 2009
8: I don't know, how much is it correct but its
one of the strongest statement i have heard
from any conglomerate's founder or CEO. Hope,
it goes into the mind of some of the
unorganized corporate houses.
Posted by: mahi - 22 Jun, 2009
9:nice words. but, MAHI, if you don't even know
how much of it is correct, why do you sound
impressed - so much so that you want others
to learn from it?
VGee replied to: mahi
post - 22 Jun, 2009
post - 22 Jun, 2009
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