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Bewarse TalkArchives - 2008Bewarse Bewarse BewarseArchive through February 06, 2008 � TCS cuts staff salaries in tune with tough times Previous Next

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Gudivada04
Kurra Bewarse
Username: Gudivada04

Post Number: 1098
Registered: 09-2004
Posted From: 142.152.123.75

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Posted on Thursday, January 31, 2008 - 2:14 pm:Edit PostDelete PostView Post/Check IP

IT field maree galeejugaa thayarayyindhi chivaraku B.Pharacy chesina vaadu kooda software field loki vachsthunnadu....///

KC, is it in India or in the US? endukante BPharm chesina vadu IT kellatam antha thelivi thakkuva pani inkoti ledu. US lo oka 2 years kasta padi 4 exams pass ayithe, minimum salary for the pharmasist today is $90k. naku thelisina vallu naluguru moved to US from Canada in the last two years after passing all the required exams and got very good jobs. some of them make around $120k with over time.
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Aggi_pidugu
Celebrity Bewarse
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Posted on Thursday, January 31, 2008 - 2:06 pm:Edit PostDelete PostView Post/Check IP

YM lo septa le
hasta la victoria siempre
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Drifter
Yavvanam Kaatesina Bewarse
Username: Drifter

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Registered: 09-2007
Posted From: 138.32.32.166

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Posted on Thursday, January 31, 2008 - 2:03 pm:Edit PostDelete PostView Post/Check IP

appi baa eppudu starting project inside info vachhindi manchi project pattavu anta gada billing yentheti
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Aggi_pidugu
Celebrity Bewarse
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Posted on Thursday, January 31, 2008 - 2:01 pm:Edit PostDelete PostView Post/Check IP

nakudu baa nuvvu marav
hasta la victoria siempre
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Drifter
Yavvanam Kaatesina Bewarse
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Post Number: 3298
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Posted on Thursday, January 31, 2008 - 1:52 pm:Edit PostDelete PostView Post/Check IP

>>IT field maree galeejugaa thayarayyindhi chivaraku B.Pharacy chesina vaadu kooda software field loki vachsthunnadu....

ounu betharuu.. vachedi kaka ikkada vunna manam vadini jalitho chusi fake aina kani vadiki work chesi pettali anta mana appi baa prakaram.. d'they sari prathi okkadu ravadam bongu lodi qualification lekunda ademante peda baa naa meeda eguruthadu
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Drifter
Yavvanam Kaatesina Bewarse
Username: Drifter

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Posted on Thursday, January 31, 2008 - 1:51 pm:Edit PostDelete PostView Post/Check IP

>>Saruku vunna professional yekkadainaa chalainchagaladu, saruku lenollu, fake lu pettukoni vache vallaku paduthundhi debba....

baga cheppavu keche sodara
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Edo_okati
Celebrity Bewarse
Username: Edo_okati

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Registered: 03-2007
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Posted on Wednesday, January 30, 2008 - 9:55 am:Edit PostDelete PostView Post/Check IP

papama
Naku Chukkalese chinnaoda nee cinema hero la chinimaluo utter me gutter flop avutune untai nuvvu ape varakuu
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Bob
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Posted on Wednesday, January 30, 2008 - 2:20 am:Edit PostDelete PostView Post/Check IP

yes..cts vadu emi chestudo
OKKAMAGADU
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Kingchoudary
Bewarse Legend
Username: Kingchoudary

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Posted From: 202.95.74.130

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Posted on Wednesday, January 30, 2008 - 1:22 am:Edit PostDelete PostView Post/Check IP

IT field maree galeejugaa thayarayyindhi chivaraku B.Pharacy chesina vaadu kooda software field loki vachsthunnadu....
No KC no fun, Know KC know fun ....
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Basky_indya
Mudiripoyina Bewarse
Username: Basky_indya

Post Number: 6020
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Posted From: 65.30.78.134

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Posted on Wednesday, January 30, 2008 - 12:09 am:Edit PostDelete PostView Post/Check IP

yes AM. 2000 JOBS
GANA THANTHRA DINOTSAVA WISHES 2008 http://www.angelfire.com/on2/ravib/index.html
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Andhramass
Celebrity Bewarse
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Post Number: 19019
Registered: 07-2006
Posted From: 203.26.122.8

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Posted on Tuesday, January 29, 2008 - 11:43 pm:Edit PostDelete PostView Post/Check IP

yahoo vaddu kuda jobs ni cutoof chesthunadu antha gaaaa
మాస్ అంటే ఇష్టం, బెజవాడ అంటే ప్రాణం
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Kingchoudary
Bewarse Legend
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Posted on Tuesday, January 29, 2008 - 11:19 pm:Edit PostDelete PostView Post/Check IP

Correct decision, company ki margin thakkuvagaa vachinappudu variable pay thagginchi isthey thappu yemi ledhu....

Actual gaa variable pay ni iche mundhu mana offer letter lo kooda mention chestharu clear gaa variable pay is subjected to the company's progress ani....

General gaa prathi company quarter to quarter improve avuthune vuntadhi so varable pay kooda yeppudu 100 %+ istharu like 110%, 120 % etc, profit thagginappudu kooda 100% isthunnaru very very rare gaa antha kanna thakkuvagaa istharu....

monthly compensation thagginchaleru, at least varaible pay ni kodhigaa control chesthey company ki manchi jaruguthundhi....

Ippatike offshore lo salaries ki viluva lekundaa pothondhi okappudu 50k ante waw ane vallu ippudu adhi thakkuva salary kinda lekka....

Saruku vunna professional yekkadainaa chalainchagaladu, saruku lenollu, fake lu pettukoni vache vallaku paduthundhi debba....
No KC no fun, Know KC know fun ....
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Basky_indya
Mudiripoyina Bewarse
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Posted on Tuesday, January 29, 2008 - 10:20 pm:Edit PostDelete PostView Post/Check IP

MUMBAI: Tata Consultancy Services (TCS), India’s largest software exporter, is effecting a small across-the-board cut in employee salaries based on the company’s performance in the third quarter, a move reflecting caution amid tough times for the outsourcing industry. A top company official confirmed the move while stock market analysts said TCS is sending signals that revenue growth has not met internal targets and employees can’t expect a big wage increase this year.

à

Are companies fair with salary cuts? Write in

TCS has clipped a portion of the variable pay linked to its performance, effectively reducing an employee’s salary by about 1.5% for the January-March quarter, TCS executive director and global human resources head S Padmanabhan told ET. “We undertake a review of variable pay every quarter and this time, we decided to make an adjustment,” he said. “We will revisit it in April.”

This is the first time in two years that the IT giant has reduced the variable portion linked to company performance. Mr Padmanabhan said the outsourcing sector faces macroeconomic challenges, which had to be factored in the quarterly review. The variable pay related to individual performance has not been touched, he added.

“This can send a strong signal to the employees that revenues have not measured up to internal targets,” a Mumbai brokerage analyst said. “The cut is small and is unlikely to attract a howl of protests, but employees will get the message that all is not well with the sector. Instead of giving them a shock at the time of annual salary review, the management has sought to lower their expectations of wage inflation through this small cut,” the analyst said.

TCS had reported a 5% quarter-on-quarter revenue growth and 6.7% rise in net profit for October-December, in line with market expectations. It had expressed ‘cautious optimism’ in the face of fears over a US slowdown and reasserted its ability to manage the rise in rupee’s external value.

A recruitment expert said a move by any of the top three software companies to temper variable pay would be quickly followed by smaller companies. “In the last couple of months, we have seen some lead indicators that there is moderation in wage increases. Companies have been following a little bit of a cautious approach,” Ma Foi Consultants COO E Balaji said.

Ma Foi data reveal that yearly wage hikes have fallen to ‘high single percentages’ from 15-16%. Job-hoppers get not more than a 12-15% hike in their new jobs compared to 25-30% earlier. “It is all part of the business cycle. Once stability comes back, wages will return to normalcy,” Mr Balaji said.

After years of heady growth, India’s outsourcing industry is facing the prospect of a slowdown due to US economic worries triggered by the subprime mortgage crisis. Major clients may cut back their spending on technology and postpone upgradation.



IT firms not to be affected by looming US credit turmoil


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Meanwhile, the profitability of companies like TCS has also been hit by the rapid rise in wages and rupee’s rally against the dollar. These companies will also come out of export-related income tax holiday next year. “This wage cut is a reflection of the caution. It reinforces the management view of macroeconomic challenges,” Harit Shah of Angel Broking said. Mr Padmanabhan said the company’s deal pipeline is strong and continues to grow. The review is part of a recurring quarterly process, he said.

Typically, a TCS employee gets 70% of salary as fixed component and the rest as variable. The latter, in turn, is split into one part linked to individual performance and the other to company performance. The company-related variable in paid in advance each quarter.

Outsourcing companies have asked investors to wait till late January to get a clearer picture of how the medium-term business outlook shapes up. TCS is the first company to align its wage payout to the unfolding environment. Other companies will be watched for their response, though a source said Infosys has been paying out 100% of performance-linked wages over the last three quarters.

http://economictimes.indiatimes.com/TCS_cuts_staff _salaries_in_tune_with_tough_times/articleshow/274 1768.cms
GANA THANTHRA DINOTSAVA WISHES 2008 http://www.angelfire.com/on2/ravib/index.html