Hey all,
This happened to one of my close friends recently. He joined a company as a Senior Manager, which required him to shift his base from Delhi to Chandigarh, and he did so gladly.
Fifteen days after joining the company, he was asked to renegotiate his salary as the management believed that the new project would not bring in as much profit as they initially thought. The proposal was to work for the next six months on a lower salary than the one mutually agreed upon during the finalization stage. If everything goes smoothly, then revert to the initially agreed-upon salary.
I would like to invite the opinions and insights of the members: Why do companies play with careers? How can they decide within just 15 days that the new project will not be profitable? How can we all work towards changing such practices?
Looking forward to responses; please do share your views.
From India, Delhi
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115This happened to one of my close friends recently. He joined a company as a Senior Manager, which required him to shift his base from Delhi to Chandigarh, and he did so gladly.
Fifteen days after joining the company, he was asked to renegotiate his salary as the management believed that the new project would not bring in as much profit as they initially thought. The proposal was to work for the next six months on a lower salary than the one mutually agreed upon during the finalization stage. If everything goes smoothly, then revert to the initially agreed-upon salary.
I would like to invite the opinions and insights of the members: Why do companies play with careers? How can they decide within just 15 days that the new project will not be profitable? How can we all work towards changing such practices?
Looking forward to responses; please do share your views.
From India, Delhi
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Before starting a new project, lots of research, reviews, data collection, detailed statistical analysis, and negotiation need to be done. However, in reality, during the project's actual timeframe, there may be doubts about whether the expected revenue can be generated, considering market conditions, orders from clients, etc. All these decisions are made with the minimum profit that the company must earn in mind.
Managing a company is not easy, and at least in this case, they have given a choice to your friend. Just take a look at this site and its threads where there are really worse cases - offers are made but not followed up on for joining. Still, everyone on this site speaks highly of the HR department and the HR manager, placing all blame on management. From a managerial point of view, this decision is correct; unavoidable circumstances exist, making it necessary to make such decisions. So, don't view it as the company playing with careers as if it were a cricket match; it's all fair in love and war.
From India, Madras
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Managing a company is not easy, and at least in this case, they have given a choice to your friend. Just take a look at this site and its threads where there are really worse cases - offers are made but not followed up on for joining. Still, everyone on this site speaks highly of the HR department and the HR manager, placing all blame on management. From a managerial point of view, this decision is correct; unavoidable circumstances exist, making it necessary to make such decisions. So, don't view it as the company playing with careers as if it were a cricket match; it's all fair in love and war.
From India, Madras
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Hello Archna,
There are 3 ways to look at the whole scenario—one of which is what deadsoul2011 mentioned.
Possibility-1: The Company could have genuinely faced the situation of competition and have had to reduce their margins. In which case, what they did seems to be very fair. If this was indeed the case, I would expect them to share the details with your friend to enable him/her to judge the fairness aspect. If this hasn't happened, in all probability, THIS ISN'T THE REASON. If they didn't share the details, maybe your friend can ask to be shown the details.
Possibility-2: The Company didn't do their homework well and in the process got all their calculations wrong but didn't want to admit this to your friend. Hence, they gave some reason to your friend to reduce their outflow. In this case, maybe your friend can ask for the details—since he/she is a senior person, they can't refuse to show the details. And if they do refuse, in all probability, THIS COULD BE THE REASON.
Possibility-3: The Company did their homework well and is getting good returns too, but has second thoughts of sharing a part of the revenue inflow with your friend in terms of salary, etc. This would be PLAIN GREED and DECEIT. If this cause is true, it will be tough to prove all by itself. The only way your friend can make a call if this is true is through watching their body language during the interactions—no other way, as far as I can see since when someone is bent on deceit only tries to use any fair-play from the other person for cover-up and not for correction. If you notice our politicians, you will know what I mean. If this is indeed the reason, then it's time for your friend to learn his/her lesson and quit ASAP—since the more the delay, the tougher it will be to explain the step.
Now coming to look at this from your friend's point of view and the options open.
What the other person (or company, etc.) says or does IS NEVER IN OUR CONTROL. But what IS IN OUR CONTROL is whether we 'react' or 'respond' and 'how we do it' to the situation.
Choice-1: If on taking a deeper look at the situation, like mentioned above, your friend finds that the company is indeed speaking the truth, maybe it's worth continuing there—after all, not everyone speaks the truth even at their own expense. To become part of the solution, so to say. This is where I agree with deadsoul2011.
Choice-2: If your friend finds out that this is more of a case of taking advantage or plain deceit, then you know the step.
Choice-3: The extreme step would be what we keep seeing in CiteHR—'I want to teach them a lesson' syndrome, sort of. But in the process, he/she needs to be ready to face the consequences too of such a step—in terms of time spent, loss of focus, etc. And at the end of the day, what is being gained.
Not sure if this is what you expected Archna :-)
Regards,
TS
From India, Hyderabad
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There are 3 ways to look at the whole scenario—one of which is what deadsoul2011 mentioned.
Possibility-1: The Company could have genuinely faced the situation of competition and have had to reduce their margins. In which case, what they did seems to be very fair. If this was indeed the case, I would expect them to share the details with your friend to enable him/her to judge the fairness aspect. If this hasn't happened, in all probability, THIS ISN'T THE REASON. If they didn't share the details, maybe your friend can ask to be shown the details.
Possibility-2: The Company didn't do their homework well and in the process got all their calculations wrong but didn't want to admit this to your friend. Hence, they gave some reason to your friend to reduce their outflow. In this case, maybe your friend can ask for the details—since he/she is a senior person, they can't refuse to show the details. And if they do refuse, in all probability, THIS COULD BE THE REASON.
Possibility-3: The Company did their homework well and is getting good returns too, but has second thoughts of sharing a part of the revenue inflow with your friend in terms of salary, etc. This would be PLAIN GREED and DECEIT. If this cause is true, it will be tough to prove all by itself. The only way your friend can make a call if this is true is through watching their body language during the interactions—no other way, as far as I can see since when someone is bent on deceit only tries to use any fair-play from the other person for cover-up and not for correction. If you notice our politicians, you will know what I mean. If this is indeed the reason, then it's time for your friend to learn his/her lesson and quit ASAP—since the more the delay, the tougher it will be to explain the step.
Now coming to look at this from your friend's point of view and the options open.
What the other person (or company, etc.) says or does IS NEVER IN OUR CONTROL. But what IS IN OUR CONTROL is whether we 'react' or 'respond' and 'how we do it' to the situation.
Choice-1: If on taking a deeper look at the situation, like mentioned above, your friend finds that the company is indeed speaking the truth, maybe it's worth continuing there—after all, not everyone speaks the truth even at their own expense. To become part of the solution, so to say. This is where I agree with deadsoul2011.
Choice-2: If your friend finds out that this is more of a case of taking advantage or plain deceit, then you know the step.
Choice-3: The extreme step would be what we keep seeing in CiteHR—'I want to teach them a lesson' syndrome, sort of. But in the process, he/she needs to be ready to face the consequences too of such a step—in terms of time spent, loss of focus, etc. And at the end of the day, what is being gained.
Not sure if this is what you expected Archna :-)
Regards,
TS
From India, Hyderabad
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Dear Archanaji, whatever happened with your friend is not right. Actually the companies are targeting their own profit only and kept all the morals beside. Regards,
From India, Meerut
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From India, Meerut
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Just food for thought — maybe 'deadsoul2011' needs to rename himself/herself as 'livesoul2011', since his/her comments are so lively :-) Rgds, TS
From India, Hyderabad
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From India, Hyderabad
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Dear Ms. Archna,
I don't know whether you will consider my suggestion or not, but all I would say is that your close friend ran out of luck. The right time will come, and he needs to stay POSITIVE all the time rather than losing hope. UPS AND DOWNS IN LIFE ARE MANDATORY.
With profound regards,
From India, Chennai
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I don't know whether you will consider my suggestion or not, but all I would say is that your close friend ran out of luck. The right time will come, and he needs to stay POSITIVE all the time rather than losing hope. UPS AND DOWNS IN LIFE ARE MANDATORY.
With profound regards,
From India, Chennai
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Dear Ms. Archna,
I don't know whether you may consider my suggestion or not, but all I would say is that your close friend ran out of luck. The right time will come, and he needs to stay positive all the time rather than losing hope. Ups and downs in life are mandatory. No one can predict their own future, nor can others.
With profound regards,
From India, Chennai
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I don't know whether you may consider my suggestion or not, but all I would say is that your close friend ran out of luck. The right time will come, and he needs to stay positive all the time rather than losing hope. Ups and downs in life are mandatory. No one can predict their own future, nor can others.
With profound regards,
From India, Chennai
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Why dont you analyze and reply whether company is wrong or archanas friend is wrong, anyways no one will accept that dear HR dept or manager is wrong, rong ,
From India, Madras
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From India, Madras
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Thank you DeadSoul, TS, and Khadir...
I really appreciate your efforts to provide insights.
DeadSoul, first of all, this friend of mine is not in HR; he joined the Sales & Marketing department as a Senior Manager. I would agree with you, but knowing companies, I would say 15 days is too short a time to study or make future forecasts. So, I feel it's a simple case of forgery. And yes, I agree with TS; now you should change your name from Dead to Live... :)
Hey TS,
Thanks a lot for such a close look at the problem. And yes, I really appreciate the efforts made by you. Well, he has already resigned and come back, now giving interviews. Out of the three scenarios mentioned, I also think 2 and 3 have the highest probability of being true.
I also feel that homework from his part was not complete. And yes, I very well expected something like this with proper reasoning... :) Thanks a lot.
Hi Khadir,
Sorry, this kind of solution from you is not fully appreciated. I was expecting something better. Leaving everything to God may not be justifiable, unless we all put in our best efforts. So, seeking a better answer from you. I hope to get one. :)
Thanks again, guys...
Let's see what other members have to contribute...
From India, Delhi
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I really appreciate your efforts to provide insights.
DeadSoul, first of all, this friend of mine is not in HR; he joined the Sales & Marketing department as a Senior Manager. I would agree with you, but knowing companies, I would say 15 days is too short a time to study or make future forecasts. So, I feel it's a simple case of forgery. And yes, I agree with TS; now you should change your name from Dead to Live... :)
Hey TS,
Thanks a lot for such a close look at the problem. And yes, I really appreciate the efforts made by you. Well, he has already resigned and come back, now giving interviews. Out of the three scenarios mentioned, I also think 2 and 3 have the highest probability of being true.
I also feel that homework from his part was not complete. And yes, I very well expected something like this with proper reasoning... :) Thanks a lot.
Hi Khadir,
Sorry, this kind of solution from you is not fully appreciated. I was expecting something better. Leaving everything to God may not be justifiable, unless we all put in our best efforts. So, seeking a better answer from you. I hope to get one. :)
Thanks again, guys...
Let's see what other members have to contribute...
From India, Delhi
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Dear Archna,
Whatever happened to your friend is not acceptable, and it is wrong from the company's side. But your friend can do one thing as a positive player, i.e., he can create the opportunity to increase the profit of the company by boosting sales and controlling the overhead costs. If he proves and adds value in his role, the company will undoubtedly reward him with benefits and a competitive pay package.
From India, Kumbakonam
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Whatever happened to your friend is not acceptable, and it is wrong from the company's side. But your friend can do one thing as a positive player, i.e., he can create the opportunity to increase the profit of the company by boosting sales and controlling the overhead costs. If he proves and adds value in his role, the company will undoubtedly reward him with benefits and a competitive pay package.
From India, Kumbakonam
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Dear Deadsoul,
Please understand that certain things can't be controlled by human beings. May I ask you a question...
- Can you predict your future?
- Do you know what's going to happen in the next second?
- Can you guarantee anything you want to accomplish (100%) in your life, even if you plan with 101% perfection?
- Is there any rule where you can bar HR similar to the ban applicable for lawyers for violating rules and regulations? If yes, then you can punish HR... but why do you want to punish HR? Why can't you take action against top management who is responsible for getting things done through HR?
What will you do if you come to know the company cheated him? Now, do you want to pay money to someone to blast the whole company because HR is a part of the company, and I am sure top management knows everything... henceforth punishment for all members of the company? ...hope this will make you happy and happy and happy.
I strongly suggest that if things are not in order, he should look for a better job. To avoid such things recurring in the nearest future, he has all rights to speak the facts about his current employer while negotiating with his future interviewer/employer.
Correct me if I am wrong...
With profound regards,
[QUOTE=deadsoul2011;1540969]Why don't you analyze and reply whether the company is wrong or Archana's friend is wrong? Anyways, no one will accept that the dear HR department or manager is wrong.
---
I have corrected the spelling, grammar, and formatting errors in the text provided. Let me know if you need further assistance.
From India, Chennai
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Please understand that certain things can't be controlled by human beings. May I ask you a question...
- Can you predict your future?
- Do you know what's going to happen in the next second?
- Can you guarantee anything you want to accomplish (100%) in your life, even if you plan with 101% perfection?
- Is there any rule where you can bar HR similar to the ban applicable for lawyers for violating rules and regulations? If yes, then you can punish HR... but why do you want to punish HR? Why can't you take action against top management who is responsible for getting things done through HR?
What will you do if you come to know the company cheated him? Now, do you want to pay money to someone to blast the whole company because HR is a part of the company, and I am sure top management knows everything... henceforth punishment for all members of the company? ...hope this will make you happy and happy and happy.
I strongly suggest that if things are not in order, he should look for a better job. To avoid such things recurring in the nearest future, he has all rights to speak the facts about his current employer while negotiating with his future interviewer/employer.
Correct me if I am wrong...
With profound regards,
[QUOTE=deadsoul2011;1540969]Why don't you analyze and reply whether the company is wrong or Archana's friend is wrong? Anyways, no one will accept that the dear HR department or manager is wrong.
---
I have corrected the spelling, grammar, and formatting errors in the text provided. Let me know if you need further assistance.
From India, Chennai
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Archna ji,
I second Deadsoul and Taj.
LET'S CONSIDER BOTH THE NEGATIVE (sad/hardship) AND POSITIVE (happy/blessed) SIDES OF OUR LIFE.
"Everyone loves to blame someone/something, but no one will accept the facts about their FATE, which is pre-written."
1) If I were in your friend's place, I would have thanked the ALMIGHTY for giving me something better than nothing because I haven't lost my job, and I was only asked to renegotiate for a lesser salary, maybe for a few months until things get better.
2) I would have supported the management for setting things right, where I would have been one of the luckiest members for helping my company grow. I am sure, by the grace of the ALMIGHTY, I would have been paid more than I was offered earlier. I mean to say, TOP MANAGEMENT WOULD HAVE PAID ME HIGHER FOR MY SINCERE EFFORTS AS I WAS NEITHER STUBBORN NOR DID I WANT TO OFFER MY FIXED SERVICES FOR A FIXED SALARY.
Look at the options, how the ALMIGHTY can change your FATE. It's all about POSITIVE BELIEF, HOPE. We just can't take anything for granted. IT'S OUR JOB TO WORK HARD, and ONLY THE ALMIGHTY HAS THE POWER TO BLESS US ALL.
I am habitual of relating everything to the ALMIGHTY. I am quite happy with the ALMIGHTY, and I thank him all the time for whatever he has blessed me with.
Please let me know what else I can write when I am just an ordinary human being like all of you.
If I had failed to convince you, I can still try my best.
With profound regards,
"Thank you DeadSoul, TS, and Khadir...
I really appreciate your efforts to provide insights.
DeadSoul, first of all, this friend of mine is not in HR; he joined the Sales & Marketing department as Sr. Manager. I would agree with you, but knowing companies, I would say 15 days is too little time to study or do future forecasting. So I feel it's a simple case of forgery.
And yes, I agree with TS. Now you should change your name from Dead to Live.
Hey TS,
Thanks a lot for such a close look at the problem. And yes, I really appreciate the efforts made by you. Well, he has already resigned and come back, now giving interviews. Out of the three scenarios mentioned, I also think 2 and 3 have the highest probability of being true.
I also feel that homework from his part was also not complete. And yes, I very well expected something like this with proper reasoning. Thanks a lot.
Hi Khadir, sorry, this kind of solution from you is not fully appreciated. I was expecting something better. Leaving everything to God may not be justifiable unless we all put our best efforts. So, seeking a better answer from you. I hope to get one.
Thanks again, guys.
Let's see what other members have to contribute."
From India, Chennai
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I second Deadsoul and Taj.
LET'S CONSIDER BOTH THE NEGATIVE (sad/hardship) AND POSITIVE (happy/blessed) SIDES OF OUR LIFE.
"Everyone loves to blame someone/something, but no one will accept the facts about their FATE, which is pre-written."
1) If I were in your friend's place, I would have thanked the ALMIGHTY for giving me something better than nothing because I haven't lost my job, and I was only asked to renegotiate for a lesser salary, maybe for a few months until things get better.
2) I would have supported the management for setting things right, where I would have been one of the luckiest members for helping my company grow. I am sure, by the grace of the ALMIGHTY, I would have been paid more than I was offered earlier. I mean to say, TOP MANAGEMENT WOULD HAVE PAID ME HIGHER FOR MY SINCERE EFFORTS AS I WAS NEITHER STUBBORN NOR DID I WANT TO OFFER MY FIXED SERVICES FOR A FIXED SALARY.
Look at the options, how the ALMIGHTY can change your FATE. It's all about POSITIVE BELIEF, HOPE. We just can't take anything for granted. IT'S OUR JOB TO WORK HARD, and ONLY THE ALMIGHTY HAS THE POWER TO BLESS US ALL.
I am habitual of relating everything to the ALMIGHTY. I am quite happy with the ALMIGHTY, and I thank him all the time for whatever he has blessed me with.
Please let me know what else I can write when I am just an ordinary human being like all of you.
If I had failed to convince you, I can still try my best.
With profound regards,
"Thank you DeadSoul, TS, and Khadir...
I really appreciate your efforts to provide insights.
DeadSoul, first of all, this friend of mine is not in HR; he joined the Sales & Marketing department as Sr. Manager. I would agree with you, but knowing companies, I would say 15 days is too little time to study or do future forecasting. So I feel it's a simple case of forgery.
And yes, I agree with TS. Now you should change your name from Dead to Live.
Hey TS,
Thanks a lot for such a close look at the problem. And yes, I really appreciate the efforts made by you. Well, he has already resigned and come back, now giving interviews. Out of the three scenarios mentioned, I also think 2 and 3 have the highest probability of being true.
I also feel that homework from his part was also not complete. And yes, I very well expected something like this with proper reasoning. Thanks a lot.
Hi Khadir, sorry, this kind of solution from you is not fully appreciated. I was expecting something better. Leaving everything to God may not be justifiable unless we all put our best efforts. So, seeking a better answer from you. I hope to get one.
Thanks again, guys.
Let's see what other members have to contribute."
From India, Chennai
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Dear Archana,
First of all, I am sorry for your friend. The scene that you explained is not very common in a real professional environment. Of course, their demand for his relocation from Delhi to Chandigarh cannot be accused, but slashing down the offered salary within such a short time obviously shows poor management and poor employee relations of the organization. Although the mistake is from the management, being an employee, he has to remain a loser until and unless he has the required experience and skills to grab a better opportunity if letting the existing one go.
Ebbin Jose
Management Consultant
From Uganda
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First of all, I am sorry for your friend. The scene that you explained is not very common in a real professional environment. Of course, their demand for his relocation from Delhi to Chandigarh cannot be accused, but slashing down the offered salary within such a short time obviously shows poor management and poor employee relations of the organization. Although the mistake is from the management, being an employee, he has to remain a loser until and unless he has the required experience and skills to grab a better opportunity if letting the existing one go.
Ebbin Jose
Management Consultant
From Uganda
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Same thing happened to one of my friends. He got an offer from a company and resigned from his job. Upon reaching there, those people asked him to sign a bond. However, he had already inquired about this during the HR round. So, he faced a problem as he had resigned from his current job. After 5 days, he received another call for an interview at a good MNC, and now he is working there. Hopefully, the same will happen for your friend. Surely, he will get some good options. It is better not to compromise as it may create problems later on if he continues with the same company. Just wait for a good chance.
Regards,
Vishveswar
Hey All,
This happened with one of my close friends recently. He joined a company as a Senior Manager, which required him to shift his base from Delhi to Chandigarh, and he did so willingly.
Fifteen days after he joined the company, he was asked to renegotiate his salary as the management believed that the new project would not bring in as much profit as initially anticipated. The proposal was for him to work on a lower salary than mutually agreed upon during the finalization stage for the next 6 months. If everything went smoothly, he would then work on the initially agreed-upon salary.
I would like to invite the opinions and insights of the members on why companies play with careers. How can they decide in just 15 days that the new project will not be profitable? How can we all work to change such practices?
Looking forward to responses, please share your views.
From India, Vadodara
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Regards,
Vishveswar
Hey All,
This happened with one of my close friends recently. He joined a company as a Senior Manager, which required him to shift his base from Delhi to Chandigarh, and he did so willingly.
Fifteen days after he joined the company, he was asked to renegotiate his salary as the management believed that the new project would not bring in as much profit as initially anticipated. The proposal was for him to work on a lower salary than mutually agreed upon during the finalization stage for the next 6 months. If everything went smoothly, he would then work on the initially agreed-upon salary.
I would like to invite the opinions and insights of the members on why companies play with careers. How can they decide in just 15 days that the new project will not be profitable? How can we all work to change such practices?
Looking forward to responses, please share your views.
From India, Vadodara
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Dear Archana,
This was indeed a bad experience for your friend. In this case, I can suggest that before moving to another organization, especially in a different city, it is very important to gather proper information about the background of the organization. In this case, I can see the following possible mistakes made by:
1. The Candidate: who did not research the background of the organization before making the decision to move.
2. The HR department of the aforementioned organization for not being transparent with the candidate.
3. The management of the company for inadequate and incomplete study of the project undertaken, and poor coordination.
Your friend must have endured a lot; I wish him better luck next time.
Regards,
Rashmi
From India, Ludhiana
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This was indeed a bad experience for your friend. In this case, I can suggest that before moving to another organization, especially in a different city, it is very important to gather proper information about the background of the organization. In this case, I can see the following possible mistakes made by:
1. The Candidate: who did not research the background of the organization before making the decision to move.
2. The HR department of the aforementioned organization for not being transparent with the candidate.
3. The management of the company for inadequate and incomplete study of the project undertaken, and poor coordination.
Your friend must have endured a lot; I wish him better luck next time.
Regards,
Rashmi
From India, Ludhiana
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Hello Archna,
Rashmi's comments remind me of one of my favorite quotes: "Everyone makes mistakes. A mistake is a mistake until: (1) you realize it, (2) you correct it, however tough and to the extent you can, and (3) learn from it. After that, it no longer remains a mistake—it's called experience."
Regards,
TS
From India, Hyderabad
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Rashmi's comments remind me of one of my favorite quotes: "Everyone makes mistakes. A mistake is a mistake until: (1) you realize it, (2) you correct it, however tough and to the extent you can, and (3) learn from it. After that, it no longer remains a mistake—it's called experience."
Regards,
TS
From India, Hyderabad
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Hi Archana,
I don't want to take sides here, but the company is not performing as it should. You would probably be surprised to know that this is quite a common practice in the US (I saw over a couple of dozen such cases out there, with people I knew very well!). Unfortunately, company policies often allow such actions to be substantiated.
It certainly affects the employee, and I think the 'career' mode switches to the 'coasting' mode, where the employee needs to quickly switch jobs (provided he finds one).
Remember, business plans are often dynamic, and this needs to be factored in at all times. New market information can give skewed results. As management consultants, we often advise companies to 'trim' organizational costs. How they ultimately do it is a different matter...
In the big picture, it's hard to predict or see this coming. I recall during my MBA days, over 10 years ago, we had big MNCs on campus who changed their offer (meaning salary) after the recruitment was done. So, this is misconduct. And I recall in IIT, some such companies were blacklisted. However, not everyone takes such measures (my B-School didn't, for instance).
Coming back to your friend's situation, it is certainly not the best. And I think leaving the company as soon as possible is the only good option. If the guy is really tough, he might resign due to the conflict of principles.
And this is probably where the role of HR comes in the most. The HR in such companies must help the employee get a job elsewhere. Employees wanting to leave are often left fending for themselves... At least, this is one good reason for the HR folks to help the guys wanting to leave. In McKinsey, for instance, people leaving the organization are also taken care of. The company tries to ensure that they are properly placed, and we know the goodwill this has brought to the brand. Just wanting to say, it helps.
Lastly, when you work for others, you are anyway giving them the reins to your career... So, it's not worth fretting about.
From United States, Daphne
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I don't want to take sides here, but the company is not performing as it should. You would probably be surprised to know that this is quite a common practice in the US (I saw over a couple of dozen such cases out there, with people I knew very well!). Unfortunately, company policies often allow such actions to be substantiated.
It certainly affects the employee, and I think the 'career' mode switches to the 'coasting' mode, where the employee needs to quickly switch jobs (provided he finds one).
Remember, business plans are often dynamic, and this needs to be factored in at all times. New market information can give skewed results. As management consultants, we often advise companies to 'trim' organizational costs. How they ultimately do it is a different matter...
In the big picture, it's hard to predict or see this coming. I recall during my MBA days, over 10 years ago, we had big MNCs on campus who changed their offer (meaning salary) after the recruitment was done. So, this is misconduct. And I recall in IIT, some such companies were blacklisted. However, not everyone takes such measures (my B-School didn't, for instance).
Coming back to your friend's situation, it is certainly not the best. And I think leaving the company as soon as possible is the only good option. If the guy is really tough, he might resign due to the conflict of principles.
And this is probably where the role of HR comes in the most. The HR in such companies must help the employee get a job elsewhere. Employees wanting to leave are often left fending for themselves... At least, this is one good reason for the HR folks to help the guys wanting to leave. In McKinsey, for instance, people leaving the organization are also taken care of. The company tries to ensure that they are properly placed, and we know the goodwill this has brought to the brand. Just wanting to say, it helps.
Lastly, when you work for others, you are anyway giving them the reins to your career... So, it's not worth fretting about.
From United States, Daphne
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Dear All,
This discussion reminds me of my experience. At the time of discussion, they agreed to x amount of salary, and upon joining, they offered to pay y amount of salary. At that point in time, I couldn't decide what to do. I discussed the situation with my dear ones, and they saw it as an opportunity for me to prove myself. It was a new setup, and I became the first employee. I proved myself and set up the whole operation in a year and a half. They promoted me, doubled my salary, and I was presented with many opportunities. Eventually, I chose to leave, but they still remember me and have asked me to rejoin.
Take things in a positive manner; perhaps the Almighty has given an opportunity for something better to prove one's worth. Believe in destiny, strive for better, and understand that some things are beyond your control. Such situations build our resilience.
Regards,
Shaikh
From India, Bhubaneswar
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This discussion reminds me of my experience. At the time of discussion, they agreed to x amount of salary, and upon joining, they offered to pay y amount of salary. At that point in time, I couldn't decide what to do. I discussed the situation with my dear ones, and they saw it as an opportunity for me to prove myself. It was a new setup, and I became the first employee. I proved myself and set up the whole operation in a year and a half. They promoted me, doubled my salary, and I was presented with many opportunities. Eventually, I chose to leave, but they still remember me and have asked me to rejoin.
Take things in a positive manner; perhaps the Almighty has given an opportunity for something better to prove one's worth. Believe in destiny, strive for better, and understand that some things are beyond your control. Such situations build our resilience.
Regards,
Shaikh
From India, Bhubaneswar
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Points to ponder
How can a company's planning and research go so wrong? It is very unprofessional to cut the salary of a new employee.
Is the company reducing the salary of the new employee alone, or are they reducing the salaries of others as well?
Has the company reduced the salary of the person responsible for the bad planning? Have they been penalized in any way?
Has the company disclosed all the facts about the project loss or revenue loss to the new employee? Is the company telling the truth? Are the company's dealings transparent enough to be believed?
Is the company just offering some excuse to reduce the salary of the new employee who, by mistake, has been offered a much higher salary than what he deserves?
Does the company really need the new employee? Is it a wrong hire? Is the company fabricating a story to get rid of the new employee?
From India, Pune
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How can a company's planning and research go so wrong? It is very unprofessional to cut the salary of a new employee.
Is the company reducing the salary of the new employee alone, or are they reducing the salaries of others as well?
Has the company reduced the salary of the person responsible for the bad planning? Have they been penalized in any way?
Has the company disclosed all the facts about the project loss or revenue loss to the new employee? Is the company telling the truth? Are the company's dealings transparent enough to be believed?
Is the company just offering some excuse to reduce the salary of the new employee who, by mistake, has been offered a much higher salary than what he deserves?
Does the company really need the new employee? Is it a wrong hire? Is the company fabricating a story to get rid of the new employee?
From India, Pune
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Thank you, Khadir, for your suggestions. A positive attitude is indeed very important, especially during these times.
Thank you, Ebbin, for putting my thoughts into words. I also feel the same way. How can a company decide in 15 days to cut down the salary? It is a clear case of negligence and hiding some important facts from my friend.
Thanks, Vishveshwar. We are hoping the same will happen for my friend who has already resigned from the company. I'm sure he will land a good job soon. :)
Regards,
Archna
From India, Delhi
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Thank you, Ebbin, for putting my thoughts into words. I also feel the same way. How can a company decide in 15 days to cut down the salary? It is a clear case of negligence and hiding some important facts from my friend.
Thanks, Vishveshwar. We are hoping the same will happen for my friend who has already resigned from the company. I'm sure he will land a good job soon. :)
Regards,
Archna
From India, Delhi
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Thanks a lot, Rashni. Yes, I think all these three points are the crux of the entire thing that happened. All said and done, such companies should really be blacklisted so that they can't play with the careers of people like that.
I'm amazed that such companies are still making profits and can lure good candidates. My friend resigned, but there are some who are stuck as they have lots of responsibilities.
Yes, TS, I agree with your point and very well quoted. 🙂
From India, Delhi
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I'm amazed that such companies are still making profits and can lure good candidates. My friend resigned, but there are some who are stuck as they have lots of responsibilities.
Yes, TS, I agree with your point and very well quoted. 🙂
From India, Delhi
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Hi Archana,
Sorry about your friend's plight. I would not like to blame either the company or your friend. Your friend must have had some background info before deciding to move to a different city altogether. After all, he/she was joining as a senior manager and not as a fresher. Also, the company would not like to make a fool out of itself and garner a bad image. Ask your friend to discuss with the colleagues there if possible to ascertain the credibility of the organization. Meanwhile, if other opportunities come across, he/she should jump on the wagon.
Your friend must be feeling quite demotivated and disgruntled. Ask him/her to try and be more positive and prove his competencies. I wish your friend luck.
Regards
From India, Visakhapatnam
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Sorry about your friend's plight. I would not like to blame either the company or your friend. Your friend must have had some background info before deciding to move to a different city altogether. After all, he/she was joining as a senior manager and not as a fresher. Also, the company would not like to make a fool out of itself and garner a bad image. Ask your friend to discuss with the colleagues there if possible to ascertain the credibility of the organization. Meanwhile, if other opportunities come across, he/she should jump on the wagon.
Your friend must be feeling quite demotivated and disgruntled. Ask him/her to try and be more positive and prove his competencies. I wish your friend luck.
Regards
From India, Visakhapatnam
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Oops Archana, I didnt realise your frind has quit. All the best anyway to your friend. Regards
From India, Visakhapatnam
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From India, Visakhapatnam
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I am reminded of an experience I had in the past.
HR Team is blamed for their failure in hiring new employees in a growing company and for becoming a hurdle in the growth of the company. The real problem with hiring new employees was: in spite of selecting good employees, they were not joining because of unattractive salary offered. Salaries were offered as per the policies framed by the company. Management was also aware of this fact.
A new VP-HR is hired to drive and guide the HR Policies and Dept. of this growing company.
New VP-HR in his initial enthusiasm to show results, hires many new employees by offering fantastic salary packages, without giving much thought to company policy and remunerations of employees on board.
When Management came to know about higher salaries offered and the imbalance it has caused within the company, the new VP-HR was asked to give an explanation for going overboard.
Eventually, some of the employment offers were canceled and withdrawn. Due to the resultant embarrassment, the new VP-HR also resigned, even before he was asked to do so.
From India, Pune
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HR Team is blamed for their failure in hiring new employees in a growing company and for becoming a hurdle in the growth of the company. The real problem with hiring new employees was: in spite of selecting good employees, they were not joining because of unattractive salary offered. Salaries were offered as per the policies framed by the company. Management was also aware of this fact.
A new VP-HR is hired to drive and guide the HR Policies and Dept. of this growing company.
New VP-HR in his initial enthusiasm to show results, hires many new employees by offering fantastic salary packages, without giving much thought to company policy and remunerations of employees on board.
When Management came to know about higher salaries offered and the imbalance it has caused within the company, the new VP-HR was asked to give an explanation for going overboard.
Eventually, some of the employment offers were canceled and withdrawn. Due to the resultant embarrassment, the new VP-HR also resigned, even before he was asked to do so.
From India, Pune
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If the management is sincere and ethical, they should have informed the person of the likely probability of receiving the agreed salary. This would have given enough opportunity for the other party to consider any available options at that point in time. However, now they must have also missed out on other opportunities. Who is going to compensate for this? Therefore, the management definitely has no right to take advantage of any employee.
JMK
From India, Hyderabad
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JMK
From India, Hyderabad
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If the management is sincere and ethical, they should have informed the person of the likely probability of receiving or not receiving the agreed salary. This would have given enough opportunity for the other party to consider other available options at that point in time. However, now he must have also missed out on other opportunities. Who is going to compensate for this? Therefore, the management definitely has no right to mislead any employee.
JMK
From India, Hyderabad
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JMK
From India, Hyderabad
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Dear Archna,
Yes, you are right that it is very tough to predict upcoming profit/loss in a short period, such as 15 days. My intention is to highlight the importance of motivation and sustainability. Your friend has to stay focused and prove himself. If profits start to generate, then he can renegotiate his salary, which is a positive step, especially since he works in the sales department and should be able to analyze profit and loss easily.
In conclusion, I want to emphasize that aggressiveness only leads to positive outcomes in rare cases.
Best Regards,
Soniya
From India, Jodhpur
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Yes, you are right that it is very tough to predict upcoming profit/loss in a short period, such as 15 days. My intention is to highlight the importance of motivation and sustainability. Your friend has to stay focused and prove himself. If profits start to generate, then he can renegotiate his salary, which is a positive step, especially since he works in the sales department and should be able to analyze profit and loss easily.
In conclusion, I want to emphasize that aggressiveness only leads to positive outcomes in rare cases.
Best Regards,
Soniya
From India, Jodhpur
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Let us initiate a drive to highlight the names of such companies and their locations so that our other members can also be informed about these companies. If your employees are going there, we can assist them by identifying any wrong policies or practices. However, the case of wrongdoing must be genuine. Otherwise, the company may take legal action against us if a false accusation is made.
Rajiv Singh
From India
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Rajiv Singh
From India
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Hi Archna & all,
According to me, it is completely unfair treatment given to a new employee who has set his expectations and has come with a zeal to contribute to the organization. I would say the major mistake is on the employer who made the offer before knowing about his revenues. It is good to know that your friend has quit them because with this kind of act from an employer, one can assume that the organization did not have professional employees or proper decision-makers, and it is definitely not a place for professionals to work.
At the same time, I agree with some of your views that 'humans make errors' and these things happen across the globe in some corners. I would suggest job seekers not to get attracted to big offers in companies without a proper background check. It is always advisable to choose professional or standard companies even if you sometimes get a slightly lower package. They do not pass their mistakes on to the newly hired employee (by reducing his salary in 15 days); rather, they would find ways to balance their mistakes, like bringing additional revenue through other means.
From United Arab Emirates, Abu Dhabi
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According to me, it is completely unfair treatment given to a new employee who has set his expectations and has come with a zeal to contribute to the organization. I would say the major mistake is on the employer who made the offer before knowing about his revenues. It is good to know that your friend has quit them because with this kind of act from an employer, one can assume that the organization did not have professional employees or proper decision-makers, and it is definitely not a place for professionals to work.
At the same time, I agree with some of your views that 'humans make errors' and these things happen across the globe in some corners. I would suggest job seekers not to get attracted to big offers in companies without a proper background check. It is always advisable to choose professional or standard companies even if you sometimes get a slightly lower package. They do not pass their mistakes on to the newly hired employee (by reducing his salary in 15 days); rather, they would find ways to balance their mistakes, like bringing additional revenue through other means.
From United Arab Emirates, Abu Dhabi
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Dear archnahr,
Sorry to hear about what happened to your friend. My only concern is, didn't your friend sign an employment contract first with the employer? Your salary is normally outlined in the contract, reducing it or withholding it would be in breach of the contract, and thus your friend can seek legal redress. I personally do not believe this revenue and profits story the employers were saying. I presume it was pre-planned, considering how expensive it may be to hire certain highly skilled labor. My advice to your friend is that he/she should continue with this job, and if he doesn't like the salary, he can start looking for a job elsewhere, and this time always ask to sign the contract or get a guarantee of salary.
Regards,
Konraad
Online Business Consultant
Gubizz.com (beta)
From Netherlands, Serooskerke
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Sorry to hear about what happened to your friend. My only concern is, didn't your friend sign an employment contract first with the employer? Your salary is normally outlined in the contract, reducing it or withholding it would be in breach of the contract, and thus your friend can seek legal redress. I personally do not believe this revenue and profits story the employers were saying. I presume it was pre-planned, considering how expensive it may be to hire certain highly skilled labor. My advice to your friend is that he/she should continue with this job, and if he doesn't like the salary, he can start looking for a job elsewhere, and this time always ask to sign the contract or get a guarantee of salary.
Regards,
Konraad
Online Business Consultant
Gubizz.com (beta)
From Netherlands, Serooskerke
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Hello,
Firstly, you are working in the private sector, where there are both positive and negative points. Here, if you have the capability, you can reach or achieve your goal, which is only possible in this sector.
Before making any changes, you should have at least basic information about the group, which is possible through friends or the internet. This will help you calculate the risks involved.
Now, considering what happened with your friend, maybe the company is telling the truth or their past history might be similar, which is common with many groups. The mistake here lies with your friend; he may not have gathered proper information about the group and the project. However, mistakes happen, so instead of blaming yourself or the group, consider other options. He should not have left the company until another option was ready. While the company may have cheated, in many cases, the employee cheats as well.
It is a private sector, so don't just think about job security; think about growth. There are many good groups that know how to take care of talents.
Regards,
Sandeep
From India, Haldia
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Firstly, you are working in the private sector, where there are both positive and negative points. Here, if you have the capability, you can reach or achieve your goal, which is only possible in this sector.
Before making any changes, you should have at least basic information about the group, which is possible through friends or the internet. This will help you calculate the risks involved.
Now, considering what happened with your friend, maybe the company is telling the truth or their past history might be similar, which is common with many groups. The mistake here lies with your friend; he may not have gathered proper information about the group and the project. However, mistakes happen, so instead of blaming yourself or the group, consider other options. He should not have left the company until another option was ready. While the company may have cheated, in many cases, the employee cheats as well.
It is a private sector, so don't just think about job security; think about growth. There are many good groups that know how to take care of talents.
Regards,
Sandeep
From India, Haldia
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Hello Archana,
Whatever happened to your friend is definitely bad but not new to the industry. I have seen, almost a decade ago in a Mumbai-based Pharma company, where salaries of all managers from HO and field were reduced temporarily when the company lost a top brand. The loss was indeed huge.
However, by introducing a broad range of new products and offering attractive incentives on the sale of these, the company also offered an alternative to match the monthly income to the field force. Thus, the fixed outflow of the company was reduced but an alternative was provided to make up that loss.
Some left, others continued, scored loyalty points as well as incentives, and as the company recovered from the loss, the guys who stayed put and performed were rewarded handsomely. The point is to state that it does happen (although not regularly).
If it is an isolated case of your friend only, then it is bad on the part of management. New projects are started with a ploughback from existing business profits, and there is no need to renegotiate the salary of a new incumbent. They should bear his costs and observe his performance for 6 to 9 months-time to confirmation or otherwise and decide accordingly.
Find out if it is an isolated case of your friend. If so, then it is an attempt to exploit the vulnerability of a new incumbent, who is left with little options (but has to continue).
Since it is not a big time gap since he left his old job, and if he has left the previous company on good note, he can offer to go back there by talking to HR. Maybe he can go back.
If that is not possible, buy time, perform and look for other options.
Dr. Ulhas Ganu
From India, Mumbai
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Whatever happened to your friend is definitely bad but not new to the industry. I have seen, almost a decade ago in a Mumbai-based Pharma company, where salaries of all managers from HO and field were reduced temporarily when the company lost a top brand. The loss was indeed huge.
However, by introducing a broad range of new products and offering attractive incentives on the sale of these, the company also offered an alternative to match the monthly income to the field force. Thus, the fixed outflow of the company was reduced but an alternative was provided to make up that loss.
Some left, others continued, scored loyalty points as well as incentives, and as the company recovered from the loss, the guys who stayed put and performed were rewarded handsomely. The point is to state that it does happen (although not regularly).
If it is an isolated case of your friend only, then it is bad on the part of management. New projects are started with a ploughback from existing business profits, and there is no need to renegotiate the salary of a new incumbent. They should bear his costs and observe his performance for 6 to 9 months-time to confirmation or otherwise and decide accordingly.
Find out if it is an isolated case of your friend. If so, then it is an attempt to exploit the vulnerability of a new incumbent, who is left with little options (but has to continue).
Since it is not a big time gap since he left his old job, and if he has left the previous company on good note, he can offer to go back there by talking to HR. Maybe he can go back.
If that is not possible, buy time, perform and look for other options.
Dr. Ulhas Ganu
From India, Mumbai
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Thank you, everyone, for showing your concern towards my friend and his career. As suggested by many of you, he will surely look for a change as he has already resigned.
Some of you have mentioned that it was his mistake not to check the details and information about the company, but it didn't happen that way. Joining in a position of Sr. manager surely makes him this much responsible to do a background check of the company and its position in the market.
It is very unfortunate that many of you just talked about the company being at fault but did not provide any concrete solutions so that in the future, people do not come across such types of games played by many such companies.
Dr. Ulhas, I agree with you that if the company loses a big project or revenue, such explanations work with employees also. But here in this case, during the planning stage, how can the company identify that the project is going to bring them losses? And if that is the case, why continue with the project/division altogether instead of cutting down the cost of employees' salaries.
Thanks once again for your concern and valuable insights in such real-life cases... Whining over the past is surely not correct, but teaching a lesson is important.
Regards,
Archna
From India, Delhi
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Some of you have mentioned that it was his mistake not to check the details and information about the company, but it didn't happen that way. Joining in a position of Sr. manager surely makes him this much responsible to do a background check of the company and its position in the market.
It is very unfortunate that many of you just talked about the company being at fault but did not provide any concrete solutions so that in the future, people do not come across such types of games played by many such companies.
Dr. Ulhas, I agree with you that if the company loses a big project or revenue, such explanations work with employees also. But here in this case, during the planning stage, how can the company identify that the project is going to bring them losses? And if that is the case, why continue with the project/division altogether instead of cutting down the cost of employees' salaries.
Thanks once again for your concern and valuable insights in such real-life cases... Whining over the past is surely not correct, but teaching a lesson is important.
Regards,
Archna
From India, Delhi
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Hello Archnahr,
Tell him/her to search for another job and leave that company. And deadsoul2011 is really a dead soul. Hey, you dead soul... If you buy a Scorpio and then tell it that you cannot afford to give it 20 liters of petrol every day and can only afford 10 liters, will it give the required mileage? A Scorpio needs more petrol. Otherwise, buy a Maruti 800. You cannot tell the Scorpio that your economy has gone down. The same goes when a company hires an employee promising him an X salary. It has to keep up with its promise.
From India, Ahmadabad
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Tell him/her to search for another job and leave that company. And deadsoul2011 is really a dead soul. Hey, you dead soul... If you buy a Scorpio and then tell it that you cannot afford to give it 20 liters of petrol every day and can only afford 10 liters, will it give the required mileage? A Scorpio needs more petrol. Otherwise, buy a Maruti 800. You cannot tell the Scorpio that your economy has gone down. The same goes when a company hires an employee promising him an X salary. It has to keep up with its promise.
From India, Ahmadabad
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I have witnessed such a case in my career. One highly qualified Senior Doctor with over 30 years of experience was given the option of heading the Department of an Institution where I was previously working as the HR & Admin Head. He was working as the Medical Superintendent of a 100+ Bed Super Specialty Hospital in NCR with a take-home salary of 60K. He was offered 80K take-home pay and was not allowed to have a notice period in his previous organization. Before his first salary payment, the management realized it would not be profitable to pay such a higher salary and asked him to work only 4 hours a day for a salary of Rs. 40k. The poor Doctor had the shock of his lifetime and was not even in a position to go back to his previous organization as he had left them without proper information. So my suggestion to all those who are looking for a change is to have clear information about the policies, system, and style of functioning of the organization where you intend to join.
Sreehariprasad.N Manager HR DHLI
From India, New+Delhi
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Sreehariprasad.N Manager HR DHLI
From India, New+Delhi
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Dear Archna,
First of all, this is not a situation that is not usual. It happens and as an employee, one should safeguard against these practices. When one is looking for a changeover, one becomes slightly vulnerable; companies, especially the private ones, take advantage of that situation. One has to guard against that. In fact, your friend relocated; obviously, one has to look after his family and look for admin support for his children during relocation. Once somebody has relocated, you tell him to change the terms and conditions of the job because that gentleman is already trapped. It is sheer blackmailing and unethical, but the fact remains that most of the private companies do that. There is no generalization, please.
The logic that their bottom line got affected, so a change in outflow is required, is nothing but untrue. As a businessman, one is supposed to calculate his future inflows and outflows carefully, and in this particular case, they should have had more of a variable pay for your friend in case they were not sure of inflows or market response to the products. Problems come when business calculation goes wrong, and they want to penalize the employees for that.
I have seen the situation where some concept marketing was to be done for some particular new product based on some wonky ideas of a proprietor who has fallen in love with the product even though there was no want in the market. The proprietor was not ready to modify the product but was fully prepared to let the employee pay for the employer's lack of proper judgment.
These situations do arise.
Now the alternatives for your friend should sustain in the present company till the situation improves here or in some other company. We are not privy to his discussions with the employer before joining; he is the best judge of the situation he is in. One thing is very clear: if he feels the company is dishonest or unethical, he should find an alternative better job. It will not be difficult for sure.
Though everybody says everything is fair in business and war, how many companies do you find which are unethical and dishonest with their employees, going up and up? I don't think very many. These companies are doomed because if you can't be honest with your employees, you can't be honest with yourself. The same is applicable to employees.
Col Virendra
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First of all, this is not a situation that is not usual. It happens and as an employee, one should safeguard against these practices. When one is looking for a changeover, one becomes slightly vulnerable; companies, especially the private ones, take advantage of that situation. One has to guard against that. In fact, your friend relocated; obviously, one has to look after his family and look for admin support for his children during relocation. Once somebody has relocated, you tell him to change the terms and conditions of the job because that gentleman is already trapped. It is sheer blackmailing and unethical, but the fact remains that most of the private companies do that. There is no generalization, please.
The logic that their bottom line got affected, so a change in outflow is required, is nothing but untrue. As a businessman, one is supposed to calculate his future inflows and outflows carefully, and in this particular case, they should have had more of a variable pay for your friend in case they were not sure of inflows or market response to the products. Problems come when business calculation goes wrong, and they want to penalize the employees for that.
I have seen the situation where some concept marketing was to be done for some particular new product based on some wonky ideas of a proprietor who has fallen in love with the product even though there was no want in the market. The proprietor was not ready to modify the product but was fully prepared to let the employee pay for the employer's lack of proper judgment.
These situations do arise.
Now the alternatives for your friend should sustain in the present company till the situation improves here or in some other company. We are not privy to his discussions with the employer before joining; he is the best judge of the situation he is in. One thing is very clear: if he feels the company is dishonest or unethical, he should find an alternative better job. It will not be difficult for sure.
Though everybody says everything is fair in business and war, how many companies do you find which are unethical and dishonest with their employees, going up and up? I don't think very many. These companies are doomed because if you can't be honest with your employees, you can't be honest with yourself. The same is applicable to employees.
Col Virendra
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The result of companies tricking employees in this way will be that in the near future when any employee joins a new company leaving his present good job, he will get everything on a legal paper so that the company does not do such things. It will become a normal procedure when joining a company. Just like businessmen enter into a legal contract before finalizing a deal. Each one has his own lawyer. It will happen soon.
From India, Ahmadabad
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From India, Ahmadabad
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Hello Everyone,
Pravinsingh has a point, but let me put it this way: just as most companies nowadays have background checks of the selected candidates, considering the way things are moving with respect to the employers themselves, there could be a significant market for background check (BC) firms to conduct background checks of prospective companies on behalf of the selected candidates—no pun intended.
Regards,
TS
From India, Hyderabad
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Pravinsingh has a point, but let me put it this way: just as most companies nowadays have background checks of the selected candidates, considering the way things are moving with respect to the employers themselves, there could be a significant market for background check (BC) firms to conduct background checks of prospective companies on behalf of the selected candidates—no pun intended.
Regards,
TS
From India, Hyderabad
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It's still a seller's market TS. I don't see too much choice. Just as in business, companies are always willing to take up orders even with those who have a very bad market reputation. I don't want to name companies, but you know there are many.
The reasons to leave are often stronger than the reasons to join. Do you agree?
From United States, Daphne
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The reasons to leave are often stronger than the reasons to join. Do you agree?
From United States, Daphne
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Dear Mr. Nikhil,
I do agree with you that there are many factors associated with it, but at times there are specific/strong reasons for joining XYZ ORGANIZATION. Very few don't relate it with COMPENSATION FACTORS, unlike others who associate it with the rest like GROWTH, ORGANIZATION CULTURE, LIFESTYLE, PRESTIGE FACTORS, GOALS ASSOCIATED WITH THEIR DREAMS, etc.
Of course, it is a SELLER'S MARKET, but kindly do consider the BUYERS who are playing a VITAL ROLE and supporting SELLERS to sustain even when the ECONOMIC MARKET CONDITIONS ARE WORSE.
With profound regards,
From India, Chennai
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I do agree with you that there are many factors associated with it, but at times there are specific/strong reasons for joining XYZ ORGANIZATION. Very few don't relate it with COMPENSATION FACTORS, unlike others who associate it with the rest like GROWTH, ORGANIZATION CULTURE, LIFESTYLE, PRESTIGE FACTORS, GOALS ASSOCIATED WITH THEIR DREAMS, etc.
Of course, it is a SELLER'S MARKET, but kindly do consider the BUYERS who are playing a VITAL ROLE and supporting SELLERS to sustain even when the ECONOMIC MARKET CONDITIONS ARE WORSE.
With profound regards,
From India, Chennai
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