Wednesday, January 30, 2008
Software slowdown?
ET reports: Tata Consultancy Services, India's largest software exporter, is effecting a small across-the-board cut in employee salaries based on the company's performance in the 3rd quarter, a move reflecting caution amid tough times for the outsourcing industry.
The company has shaved off a portion of the variable pay due for the current quarter, translating into a 1.5% cut in the annual paypacket.
Nothing drastic but it signals that the software industry is tightening its belts. Increments could get affected next year, and not just at TCS but across the industry.
For young graduates who joined in the boom period all this could come as a shock. And even those who are about to join should stay prepared.
A final year engineering student remarked that TCS has become very strict in confirming its trainees. Although TCS is still generously doling out appointment letters at engineering colleges, gthose who do not qualify in the exam held after the training period are asked to leave.
All in all, a reality check ahead!
The company has shaved off a portion of the variable pay due for the current quarter, translating into a 1.5% cut in the annual paypacket.
Nothing drastic but it signals that the software industry is tightening its belts. Increments could get affected next year, and not just at TCS but across the industry.
For young graduates who joined in the boom period all this could come as a shock. And even those who are about to join should stay prepared.
A final year engineering student remarked that TCS has become very strict in confirming its trainees. Although TCS is still generously doling out appointment letters at engineering colleges, gthose who do not qualify in the exam held after the training period are asked to leave.
All in all, a reality check ahead!
Labels: Indian IT, software, TCS
Wednesday, July 25, 2007
What's in a name?
'Climb up the Coconut way' read the recruitment ad. Alongside is a pic depicting man in suit climbing up a ladder hanging in the clouds.
You see Coconut Softwares Pvt Ltd is 'the fastest growing software products and services company', engaged in end to end implementation of ERP, SCM, CRM, SRM etc etc. I have no doubt they are doing v well because a chota mota company would not be putting a quarter page colour ad in Times of India Ascent.
However I couldn't help wonder: is the name 'Coconut' a liablity? The founders may have been inspired by foreign companies adopting tree-nams as company names. But 'Juniper' and 'Sycamore' are not your everyday trees. In fact most people probably aren't even aware of the tree connection.
Coconut on the other hand is well, coconut. I know they may have been inspired by 'Apple' but when you say 'Climb up the coconut way' the image that comes to mind is a wiry dhoti clad fella limbering up the tree trunk... to bring down a nariyal.
Now you can well imagine the folalowing conversation:
Aunty: Bete aap kahan kaam kr rahe hain?
Beta: Aunty, mein Coconut mein kaam kar raha hoon.
Aunty: HAIIN??!!
OK, slight exaggeration but I am sure every Coconut employee has had to explain what his company actually does to convince said auntyjis he/ she is in a respectable job. Which us an important motivator for people joining and sticking with the software industry in India.
A more 'IT' type name like 'Cocosys' or 'Cocosoft' would have made life easier!
P.S. Are coconuts served in the Coconut canteen, along with tea and coffee? Just wondering!
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