Techies in the twin cities are a terrified lot. Their yearly appraisals are due in March and most of them fear that it might very well be their last salary for a long time to come. BPO firms, especially those providing back office operations for banks and insurance companies have clearly indicated that up to 30% of the staff will be issued pink slips. The focus is mainly on the top 20% of the employees, who account for 80% of the salary bill. Ajay Chowdhury a HR specialist says, “If you are in the creamy section of the staff, you definitely are a target for trigger-happy management.” Those with H1-B visas did command a premium even in these recession-hit days. But Bernie Sander’s bill has dashed their hopes. Kiran Akella who works with a prominent Tier-1 vendor was slated to go to US on a 8-month assignment for an insurance major. The trip has been put on an “indefinite hold.” Kiran has been benched. At 24 lacs per annum, Kiran feels that his days in the firm are numbered if he sits on the bench.
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