abhishek kumar

June 21st, 2008 at 7:53 pm

Trust, Money and compensation packages in IT jobs

Trust_Money.JPGTrust and money can go hand in hand if treated balance in the business. Sometimes cost cutting can effect the profit margin, with the change in the world economy and every body is being effected with the rise in prices for the essential things around the world. The fall of US economy has affected every country very much, and most affected part is the indian information industry which is heavily dependent on the US economy. Many of the indian IT giants which relayed on the cost effective structure, started to reshape themselves in other words they have started to new regimes of cost cutting in all the activities they are doing in order to meet the high profit margin which they have going on. There is other side of the picture also which we much not neglect, this the rising prices for the essential things as termed as inflation around the world. Lower profit margin as lead to lower raise in salary and high commodities prices have lead to demotivating to work more in terms and raising the quality of the work.

Is this not a big problem, in my opinion yes it is, as quality and quantity of work is directly related to each other. What in my opinion is the solution to this problem is the indian IT companies should provide some better facilities to there work if they cannot give a high rise in the compensation package, which will create a feel good factor among there coworkers. The feel good factor will create a trust and trust will create money. Hence I feel before we think of money in any organization we must build and atmosphere of trust. In simple terms trust is primary and money secondary.

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2
  • 1

    I agree

    abhimanyu on June 22nd, 2008
  • 2

    all this trust point seems to be meaningless if one see no gain. trust among co-worker can’t be expected in a competitive world. you pay them well they will work well.
    generate interest in them to work for the company. make them have feeling to be a part of ups and downs of comapany.

    laxmikant on June 22nd, 2008

 

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