IT companies taking undue advantage

IT companies taking undue advantage

All IT companies have increased the daily working hours of the employees to 10 hours apart from slashing down the salaries.
Is the financial condition of these companies so grim to support this type of action which is unlawful apart from being highly unethical? Answer is ‘No’ if one goes by the financial results of Infosys and other companies. Infosys has shown a net profit of Rs 1613 crore from the revenue of Rs 5635 crore which is 29% up when compared with the previous year. All these companies have large female workforce. With the increase in daily timings female employee are hard put. They remain out of their homes for minimum 12 hours a day. How one can expect them to meet their family obligations? Not only this, a proverbial sword of so called PINK SLIP is hanging all the time over their heads. And what is this much hallowed salary in the IT sector for these B.Tech degree holders? Rs 15000 to Rs 25000 per month and a few are paying even less. This includes all cost to the company which looks a measly amount when one takes in to account the fact that the starting salary of a clerk in central Govt after the implementation of sixth pay commission is Rs 20000 odd and that of a teacher is Rs 30000 for almost 50% working hours with life time security of job. Such harsh measured are generally when companies make cash loss which is not the case with any IT company.
It is a high time govt. and the labor dept. intervenes. It will be a sad day for the IT industry if such unfair practices of the employers force employees to unionize. After all IT employees with no supervisory functions are workers only as per the definition of labor laws.

It will be befitting if Infosys mentor Mr. Narayan Murthy kindly gives his views on the matter. It is very important considering that whatever a leader does is followed by others.

Bhartendu Sood