Dear All,
I wanted to do a survey about the organizations that are resorting to pay cuts due to COVID-19. This is so that I can compare and take further steps in my organization. We are a mid-size organization but want to do all the research before going forward with any decision.
Here's what I came to know: Companies like TCS, Infosys, Wipro, HCL Tech have decided on deferment of appraisals, promotions, bonuses, and incentives. No layoffs and no deductions will be made, but there will be no salary hikes this time. Some have also pushed the DOJ of individuals already offered. They have also decided on a no new recruitment policy unless absolutely necessary. No deductions have been made for March month's salary.
On the other hand, MakeMyTrip, Shuttl, Oyo, and Cleartrip have terminated employees and reduced salaries up to 25% for key positions. Indigo employees had taken a cut by 5-25% in their salaries. Small and mid-size IT companies have made a 10-25% salary cut while ensuring jobs for the employees and promising no layoffs.
I would like to know more about the names of the small or mid-size IT companies doing so. Discussion is open to all.
From India, Lucknow
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I wanted to do a survey about the organizations that are resorting to pay cuts due to COVID-19. This is so that I can compare and take further steps in my organization. We are a mid-size organization but want to do all the research before going forward with any decision.
Here's what I came to know: Companies like TCS, Infosys, Wipro, HCL Tech have decided on deferment of appraisals, promotions, bonuses, and incentives. No layoffs and no deductions will be made, but there will be no salary hikes this time. Some have also pushed the DOJ of individuals already offered. They have also decided on a no new recruitment policy unless absolutely necessary. No deductions have been made for March month's salary.
On the other hand, MakeMyTrip, Shuttl, Oyo, and Cleartrip have terminated employees and reduced salaries up to 25% for key positions. Indigo employees had taken a cut by 5-25% in their salaries. Small and mid-size IT companies have made a 10-25% salary cut while ensuring jobs for the employees and promising no layoffs.
I would like to know more about the names of the small or mid-size IT companies doing so. Discussion is open to all.
From India, Lucknow
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The pay cut, reduction, or termination during the lockdown is bad and a violation of the advisory issued by the MHA and State Governments. Therefore, any establishment resorting to a pay cut, reduction, or termination during the lockdown is illegal. It might have been done under some understanding with their employees, but discussing the same in an open forum is not advisable.
From India, Mumbai
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710From India, Mumbai
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