Cost Cutting & Redeployment Measures By Wipro, TCS, Infy
Wipro has asked the recruits hired for the tech services arm to join the BPO arm instead to avoid a delay in joining dates. Currently, this is being offered in Kolkata and it could be replicated in Orissa and Hyderabad as well. This will be a time bound offer that could extend between 12 to 18 months after which they will be able to join tech services again. Also, there won’t be any change in salary structure for such employees. On the other hand, Infosys has urged its employees to save $10 each by cutting operation cost and controlling expenditure. The company has also set up a portal for employees to send in cost cutting measures and suggesting bigger business ideas. Tata Consultancy Services (TCS) is planning a an austerity plan under which all capital expenditure will be re-examined.
Source: 03-12-08 www.ibnlive.com & Hindustan Times Business Compiled by www.naukri.com
This is a tragedy. When companies have to "tell" employees to save $ 10 by controlling exps. Why ? Becoz it is recession ? why not otherwise ? Because client is paying ? Now that clients are asking for 30% cuts, suddenly everybody is waking up.
Don't we need clean working habits always ? why can't we use both sides of A4s ? So much of printing stationery is wasted. So many cars - from the same organisation go from Pune to Sahar everyday. Can't we pool ?
Sometimes, you feel good about a recession ... its the only way we begin to value what we have.
At twistntales, we try to run our business with the economics of a marwari store, but at the same time give customers, the ambience of a Landmark. (we are not that big, but soon we'll get there !) Right from using re-cycled newspaper bags for our books. And when many of our customers return our bags to us, we accept them happily - to use them again.
All our telephone pads are made from one side used stationery. No Post-its in tnt, only for special occasions. We need to be this way always. Remember, we are in the books business ? We don't make too much money ?
But wasteful expenditure hurts. Anywhere and everywhere. In whichever form. Sometimes, midlle class virtues of saving every penny - and making sure each paisa goes a long way is best.
3 comments:
Hear, hear!
Now, I too use the non-printed sides of leaflets to make lists, thanks to what I observed in good old tnt.
Jo
true.like they say,every penny saved is a penny earned.
yup! Unnecessary costs r to avoided at any time.
as Warren buffet said
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
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