With the recession coming to the end, Indian IT industry is gaining the momentum again. At the time when most of the competitors of Zonysoft Tech. projected fall in revenue for next financial year, this company has been the leader and showing the path for others. Zonysoft Tech. has been known for its performance driven approach. It had rewarded its performers with the higher incentives and promotions in the past. But that line is getting blurred these days and Zonysoft Tech. seems to be following the path of its peers. By having cost cutting measures like not giving any Salary Hike, not giving Promotions, not giving Annual Gifts and not providing facilities/amenities to employees, I don’t think it is going to be beneficial in the long run.

It will only harm to the reputation of the organization, which has taken almost 8 years to build upon. May be the management will be able to show the good numbers in the short term (like the Q2 results or increased revenue guidance for FY’09) but it is not going to be handy in long term.

Zonysoft Tech. has grown over 50 percent annually for past six years. And the main reason for that was the satisfaction of the employees. But now a days, it becomes difficult to get recognition at higher level because of the hierarchy system in Zonysoft. When a $ 8 billion company, sitting on $ 2.5 billion cash is promoting only 8 % of the employees after one and half years and that too with strict work experience criteria, how the employees remain motivated to give their 100%.

If someone misses the criteria by few months then he/she has to wait till the next cycle, which no one knows when it will occur. If someone has to wait for three years to get the promotion even after performing outstandingly well, then he/she shall decide to move on. And it will be a loss on the part of organization to lose a talented resource.

Zonysoft Tech. has been known for making a difference. But making these unnecessary cost cutting measures, it is coming at par with the other players in the industry and degrading in its own value. It has to separate itself from the others in terms of the values it had created earlier. I see the challenging path ahead for the organization.

ZonysoftTech. is imaginary name given to a reputed and old software company. The article has been guest posted by an ex-employee of this company.