Forbes has recently published its Global 2000 companies list and placed Infosys at 891. Not only that as per Forbes, Infosys is among the companies that are hiring along with TCS and Wipro. Quite contrary to what Forbes has said, Infosys has actually fired 2100 employees for poor performance.
My Question : Companies like Infosys that hire very high talent, and also it is showing profits in Balance Sheet, how can they fire employees on basis of performance? Whom are these companies cheating: Employees or ShareHolders?
From India, Calcutta
1Some of these employees have been asked to go while some have left on their own. Prior to asking the employees to leave, they were put on a performance improvement course and those who showed no improvement were asked to leave while some others quit. Tolerance to poor performance is very low given the current economic scenario. ( <link outdated-removed> )Read This News at Read it India.
My Question : Companies like Infosys that hire very high talent, and also it is showing profits in Balance Sheet, how can they fire employees on basis of performance? Whom are these companies cheating: Employees or ShareHolders?
From India, Calcutta
Hello Mr. Kumar, I think companies are firing because they are in trouble. However, the question of profits in balance sheet is genuine...
From India, Delhi
From India, Delhi
Yes, this news is confirmed by Business Standards. Read here.
2,100 Infosys employees face axe
From India, Calcutta
2,100 Infosys employees face axe
From India, Calcutta
Well,
The question of cheating is natural and valid. And it puts everyone's "thinking cap on."
But I think it's not about CHEATING, but as the height of competition increases the performance of the employee must also raise. In lack of competition if employee scores 6 out of 10 then s/he may be good. But when overall competition raises this score must be raised upto 8 in order to survive...
Plz guide if my thinking makes any sense........
From India, Vadodara
The question of cheating is natural and valid. And it puts everyone's "thinking cap on."
But I think it's not about CHEATING, but as the height of competition increases the performance of the employee must also raise. In lack of competition if employee scores 6 out of 10 then s/he may be good. But when overall competition raises this score must be raised upto 8 in order to survive...
Plz guide if my thinking makes any sense........
From India, Vadodara
This truly sounds very traumatic especially for employees who have been asked to leave.
It's really difficult to get into companies like Wipro, Infosys, etc as their selection procedure is real tuff and those who clear, comes in only on the basis of their knowledge, talent and educational background and if companies' like Infosys are firing people like this, its worth thinking.
Regards
From India, Delhi
It's really difficult to get into companies like Wipro, Infosys, etc as their selection procedure is real tuff and those who clear, comes in only on the basis of their knowledge, talent and educational background and if companies' like Infosys are firing people like this, its worth thinking.
Regards
From India, Delhi
Hi,
I believe that firing would a gun used on the sholders of market down fall. Yes the organization are showing profit and still firing employees there are two pointer i would like to mention here.
A. The Organizatoin are looking on the future context, if they are making profit they would look into the survival mode if things go worse. They have to preserve some amount for the survival. And major expenditure is directly proportional to the no of employee associate with an organization. The picture is similar when the organization were doing good they were hiring and just hiring without any contigency plan. So the phenomenon continues...
B. Earlier the recrutmient slogan was "Job Fit" and now its "Skill Fit", so employes who are not skill fit for a longer time are asked to go hence to cut cost.
The Balance sheet can only be a way to show that we can sustain the market or may be to attract more project and share holder.
Regards,
Maninder Singh.
Executie - HR
+91.98864.13064
From India, Bangalore
I believe that firing would a gun used on the sholders of market down fall. Yes the organization are showing profit and still firing employees there are two pointer i would like to mention here.
A. The Organizatoin are looking on the future context, if they are making profit they would look into the survival mode if things go worse. They have to preserve some amount for the survival. And major expenditure is directly proportional to the no of employee associate with an organization. The picture is similar when the organization were doing good they were hiring and just hiring without any contigency plan. So the phenomenon continues...
B. Earlier the recrutmient slogan was "Job Fit" and now its "Skill Fit", so employes who are not skill fit for a longer time are asked to go hence to cut cost.
The Balance sheet can only be a way to show that we can sustain the market or may be to attract more project and share holder.
Regards,
Maninder Singh.
Executie - HR
+91.98864.13064
From India, Bangalore
Companies like Infosys, GE, IBM, Wipro... have such good HR Practices that we even give examples of these companies while writing our answers, and they have ultimate knowledgeable people in the company that HR takes utmost steps for employee satisfaction, empowerment, motivation etc, however I think their respective HR is competent enough to handle this by giving sabbaticals, outplacements etc rather than firing 2000 employees straight away... OD is a separate wing of HR in these big notch companies if I am not mistaken.. then they couldn't think of any intervention or any other way out...:icon14:
From India, New Delhi
From India, New Delhi
Hi,
I am agree with maninder that all these step are based on future, but that’s true Infosys is still making good profit,
They had given the reason of performance which is just like showing the different picture .May be we all don’t even have any clue about the real picture,
My question is there are some other company as well taking all these steps and blaming it on recession .This is really a very bad signal. Now we need to think what employees need to do in this condition?
Regards,
Brijesh
From India, Mumbai
I am agree with maninder that all these step are based on future, but that’s true Infosys is still making good profit,
They had given the reason of performance which is just like showing the different picture .May be we all don’t even have any clue about the real picture,
My question is there are some other company as well taking all these steps and blaming it on recession .This is really a very bad signal. Now we need to think what employees need to do in this condition?
Regards,
Brijesh
From India, Mumbai
Guys you are very young but let me give you bit insight of manpower planning. Manpower planning is not done overnight it has various phases and directly linked with projects and future need of manpower which is derived through scientific analysis of projects and trends..
Most of the companies have hired people b'coz they wanted to counter attrition, which was massive (you all know). People were running left right all over without logic and some of them were black mailing the employer as they knew the demand and supply gap (reality). Therefore these companies have devised a mechanism to counter all these trouble to save their project time and cost. But now situation is better and therefore despite making profits they are asking employees to go but not asking to employees who are performer and engaged with the org but only to those who are disengaged or non contributor and they have reached to what ever level b'coz of luck or chance instead of having right competence.
So don’t get demoralize, market is still there and it will not impact to those who really have the right competence.
From India, Delhi
Most of the companies have hired people b'coz they wanted to counter attrition, which was massive (you all know). People were running left right all over without logic and some of them were black mailing the employer as they knew the demand and supply gap (reality). Therefore these companies have devised a mechanism to counter all these trouble to save their project time and cost. But now situation is better and therefore despite making profits they are asking employees to go but not asking to employees who are performer and engaged with the org but only to those who are disengaged or non contributor and they have reached to what ever level b'coz of luck or chance instead of having right competence.
So don’t get demoralize, market is still there and it will not impact to those who really have the right competence.
From India, Delhi
According to me many of the employers are firing the employees for the performance. If we take the situation of last year, in the month of April we used to get the candidates with 2-3 offers in hand and then try to negotiate with the employer. I also agree that when the period is bad for the employees, many employers never bother about the employees. but in these market situations few of the young employees have not learned the fact that they have to stay and fight for all the situations and they have to work smart as well as hard. Many a times this attitude hampers the performance and organisation will never keep the employees who are not on a billable assignements and whose performance is low. But quite sure that if the market picks up these employers will hire not only few of these employees but probable the one below even this mark. I think we should be mentally prepared for all such kinds of situations and plan our life in a better manner. If we see the statistics out of our total working age population only 10% are really employable with appropriate skills. So we together as society, employers and employees and yes a big role on government should make efforts on attitude development, great levels of planning and higher levels of education systems.
From India, Mumbai
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