Salary Hike..Money..पैसा..డబ్బు..টক..ದುಡ್ಡು.. காஸு..etc.

After talking about Pink Slip n layoffs..next thing is Salary Hike.The next thing in the Newspapers was Cut in Salary Hike

Due to the economic crisis in US, people in India are struggling. Because Indian companies rely on them. (Its known fact)

Salary hikes in all the companies have been brought down this year. Few companies didn't even give the hikes. Instead of giving hikes, they started laying off employees.

Satyam Average hikes are expected to be about 11-12% for India-based employees compared with last years’ 16.5-18%. These hikes were supposed to happen in August (was told that they can expect 14- 15%), but even now they haven't done it.

TCS announced a 10% salary hike for this fiscal, compared with 10-13% in the previous year

Infosys Technologies offered a 11-13%increase against 12-15% a year ago.

Wipro which normally announces salary hikes for India-based employees in the September quarter, expects raises to be in the range of 8-9%.

People say that it will get more worse during the month of December. If it is so, what will be the situation of employees.At the same time, all these MNCs wants their employees to work for 14- 15 hrs daily. Since, there is no job security, people are forced to do. Till when, we have to face this situation :(..Wait n Watch

Pink Colour chosen by Big corporates instead of fashion in the form of Pink Slip

For the past one month, If you are reading Newspaper or watching TV, then you might have come across the word "Pink Slip" and that too along with many big MNC's like Satyam, Wipro, Infosys, TCS and recently now Jet Airways, Kingfisher Airlines.

Few articles:
12/ Sep/2008 Satyam fires 400 employees
Hyderabad-based company has reportedly given pink slips to some 400 engineers and associates at its Hyderabad, Pune and Visakhapatnam centres.

9/ Sep/2008 Wipro gives pink slip to 1,000
Wipro Technologies has put about 4-5 per cent of its workforce, about 2,400-3,000 employees, under the scanner for non-performance. Company sources reveal that about 1,000 employees have been asked to leave.

No idea, what exactly this Pink Slip means and where did this concept come from. This led to write this post about Pink Slip. My next thind to do was Google about Pink Slip. Infact there is a Lingerie company by "Pink Slip" [:P] (Search Pink Slip in Google, 3r result is Pink Slip Lingerie fashion...)

According to Wiki, Pink slip refers to the American practice, by a personnel department, of including a discharge notice (printed on pink paper) in an employee's pay envelope to notify the worker of his or her termination of employment or layoff.
The term is first recorded in 1906; originally the color of the paper had no particular significance.

In the UK and Ireland the equivalent of a pink slip is a P45, in Belgium the equivalent is known as a C4.

These Pink Slip was associated with Indian IT MNC's and now with Airlines. So, which is going to be the next successor of Airlines..Lets wait and see