Poaching Row Pits Infosys and WIPRO against Cognizant | Vantage with Palki Sharma
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- Опубликовано: 28 авг 2024
- Poaching Row Pits Infosys and WIPRO against Cognizant | Vantage with Palki Sharma
Indian IT giants Infosys and WIPRO are accusing US firm Cognizant of poaching its top executives. WIPRO is suing two of its former employees, while Infosys has sent a missive to Cognizant. What does the law say about poaching employees? Is it time to normalise it? Palki Sharma tells you.
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India | Job Market | Poaching | Infosys | Cognizant | Wipro | Firstpost | World News | Vantage | Palki Sharma
#india #jobmarket #poaching #infosys #cognizant #wipro #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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When you treat employees as disposable assets then the last thing you will ever need to expect from them is loyalty.
definitely true, company rules applies to an employee only when he is in that company, not when he is working at other one.
Cogni pays better simply
Employee and company have an agreement between them, not a relationship. Company pays and gets service of the employee in return. Using word 'loyalty' in a business setting only shows how delusional people are. Business needs be conducted like a business, don't make it a relationship.
This mindset prevails everywhere. Thanks for highlighting it.
When employees are considered temporary resources then how can they be pushed to become loyal.
Employees will become loyal when they are provided with opportunities to grow and recognition for their hard work.
Also in the private sector, switching jobs is common. Then why won't someone go after a better deal.
@@beyourself7280 you are delusional yourself. In India, there is such thing as loyalty and morality. If you are a westerner you didn't understand this. In my vicinity, there is a papad making small scale company, when the owners son went bankrupt, the employees saved the company by lending money and working freely for almost 8 months until it has restored. They did all this because of sheer respect and loyalty towards the owners father. That is loyalty. Indian people if you treat them right, they will take bullet for you before it takes you. Business with out loyalty, morality and ethics will rob your piece of mind.
That's why the shift happened from Wion to Firstpost, I appreciate Firstpost for giving recognition to our beloved Palki❤
😊
😂
😂😂
😂😂😂😂😂😂😂😂😂
Wow
Organisations strictly say no to moonlighting but they bill a senior resource to two clients and the work needs to be managed for both projects with the help of a junior in one project; and irony is that the additional billing wouldn’t be passed onto any of the two employees…
Faced it too many times. We are corporate slaves. Robert Kiyosaki is correct about us.
It's correct
My husband faced the same situation in CITCO ,he has quit and moved to other company .
1. Millenials Gen worked 16 hr × 7 days Or 18 hr x 5 days, still NO ONE acknowledged, accepted, appreciated. 👍 👏
2. GenZ observed & learnt & working 9 hr × 5 day with focus to self & start ups.
3. Result, *NEVER apreciating BOSSES are out in media, begging to work 70 hrs for their Company 😂😂😂😂😂 Under the name of INDIA'S GDP Sack - doing Family IT Business under the name of PATRIOTISM* 😂😂
Such Employers are bloody leechers
CorporateRules: Company wont be loyal to you, but you have to be loyal to the company. Dont forget the most important rule, work 70 hrs per week
Well said
yu pay shit ,yu get bullshit
U hit it on the nail. Narayan narayan
*NEVER apreciating BOSSES are begging to work 70+hrs for their Company 😂😂😂 Under the name of INDIA'S GDP Sack - Business of PATRIOTISM* 😂😂🤣😁
1. Millenials worked 90hrs(18x5d) to 112hrs(16×7d), still NO ONE appreciated.👍👏
2. GenZ observed & learnt professinalism, and working 45 hrs (9× 5d) with focus to self & start ups. ..
Charity outside, Parity inside : Hypocrite Corporate 🤣😁
When it's in favour of company, it's good but when it's in favour of employees, it's against company's policy 😡
🤔🇮🇳In India, Employer's HR & ManAger (like Munimji Kanaiyyalal) want 🙏🏼🙏🏼pleading Employee always ( whether fired or resigned) : *Aap Mai-baap ho Hamare Aann-data* 🙏🏼🙏🏼😁🤣
Thanks Palki for taking this up. The issue is very well presented and employee should not feel guilty or feared to change their employers.. thanks to you for bringing this up..
Please NOT just consider the income of these companies but please also consider the right and WELFARE of employees to choose better compensations and to have improvement ❤🙏
They charge it from employees only
They did not even take my exit interview and treated me like garage. No respect for loyal employees. Now they started crying. Karma.
I wonder what WION would think of this video when Palki got poached Firstpost 😅😅. Anyways, great reporting as always☺
😂😂
From WION to firstpost. Talent should be appreciated.👍🏻
Very well said Palki. Employee should not be binded with any such clause of joining to competitors and company should not sue the employee for this reason. It’s very obvious that his skill will be required by companies in same field/domain, so why to put such unfair clauses in the appointment letter. If I am not wrong, you also face similar issues while switching your job this year.
When market goes down companies are first to fire thousands of people in name of budget forecast. So employees are also correct to find better options for them when market has opportunities
True ma'am. I completely agree the move that you took from WION to Firstpost. Thanks for presenting our side to the world.
😂😂 but very true.. it's all talent
Also, salary ranges should be disclosed in job posting so people know what salary is offered for the job.
It's a bad Idea. You know the stock market . How quick the rise and fall can be. That would happen for a job role.
They don't reveal it, because they hire 5 people for the same work but give different salaries to each one.
@@Ami7166 It is now mandatory in New York state. And it is making people realize the market rate for their jobs. We should also try that in India.
People change jobs for below :
1) Salary
2) promotion
3) Forcing an employee to take up a management role (or) some role not meeting his technical abilities
4) Not Giving opportunities inspite of upskilling on new technology just giving reason as you don't have exp in new technology
5) Lack of development projects related to new technology
6 ) Forcing people to do more certifications without any billable opportunities
Dont let your founder say stupid shit like 70hrs work week is how get successful all the time not paying overtime and weekend working allowances
Stupid Infosys founder doesn't understand there is life outside work too. 😂😂😂.
NRN made crazy statement
Good one
Now Narayana Murthy will come up with some gyan on this soon.
appreciate your team for making this.
I am a software engineer and one my previous employer filed a civil case against me for such non-sense reasons.
(and btw I worked with prev employer for 5.5 yrs)
Things like these should be made public because some companies aim to scare and exploit their employees.
Tell them to increase salaries
Why should you people dont know single thing about coding
in short, poaching is LEGAL!! plain and simple.......
Also they make big deal on poaching from a witch company. Funny
@@amaldev4150 exactly 😂
Several years ago, I was tasked with negotiating a resolution to the issue of a United Nations agency poaching staff members from an organization with which I was affiliated in Iraq. This was a challenging situation, as there was animosity between the two organizations due to their presence in humanitarian settings. I was informed that the UN agency had recruited some of our staff. However, I brought the management team together and emphasized the importance of our partnership and the potential for collaboration and synergy. My initiative for peace was ultimately successful, and we worked together while I was there. The staff members who moved did so due to the attractive remuneration packages and opportunities offered by the UN agency.
Well said Palki! Talent cannot be suppressed and you are worth the shot!
They did not even take my exit interview and treated me like garage. No respect for loyal employees. Now they started crying. Karma.
She is correct, Infosys and Wipro are just working for their benefits. Everyone should boycott Infosys and Wipro
@@aryanr9301 avoid Infosys and Wipro. That's It . There are other it companies and many energetic startups waiting to bring them down
YES . Companies hold all or most cards before .. please let employees have their own improvement .. 🙏❤
Very well articulated Palki, thanks a bunch for brining this up. This has been happening for ages and here is a living example been working for couple of decades with absolutely no recognition or visbility. The leaders like this CTS CEO tend to take familiar talent with them, whom they've worked with for long and this is a typical one of the cases, same has happened with Mindtree/LTI too and i'm certain with other services, product firms.
None of those anti-poaching clauses in employment aggrements are un-enforseeable. The employer cannot restrict anybody's ability to work anywhere.
True, but companies can still harass you since our legal system is broken. This is why most employees fall in line once they get a legal letter
@@banditonehundred You can take them to Labour Court.
@@banditonehundredTrue! Legal system isn’t great. Also Probably due to lack of exposure towards the legal system. Not everyone would have the stomach for protracted legal proceedings.
If rules are laid down, they are done for a reason . One say they will be reinforced. And then you will cry. So stand against stup1d rules today. Nip the evil in the bud.
And Mr Murthy says all ethical words. If they treat their employees properly why would they leave.. they give peanut peels to their employees
So good to see employee centric approach 😊
I feel Happy to Hear some Motivation from Journalist. Thank You Ma'am
I honestly can't understand why an employee can't go to another company with better pay. We cannot always look if the other company is a competitor or not
Infosys and Wipro think their employees are bonded labours, who can't work anywhere else.
Wtf! Aren't companies "poaching" each others' customers as well !!
Thank you for giving valuable information on corporate company 😊
Any corporate house should never use the terms like ethics and morale when it comes to money making because its absolutaly bizarre , the employess are well within their rights to decide where they want to work , if you want to retain ,raise your bar
maybe these companies are thinking why the employees do not have loyalty
because Infosys has not given hike to its employees whom they hired in nov-dec 2021 for 2 years in row. They are still working in their entry salary. But with more work
why to be even loyal to company .. you should be loyal to money
Loyalty is not something you can expect in this industry when employees are the first to be fired when the companies foresee a slightest dip in their profit margins. Gone are the days when people used to say proudly we worked in a company and retired with dignity.
@@mahesh84 exactly , who cares how does the company is doing or its goals, people just work for a salary and when they find a relatively better one jump there. Company loyalty are the phrases that are meant to be on the about page of the company n not to be followed literally
@@mahesh84 yes look for switch as often as one can, loyalty is worth shit
When companies treat employees as disposable,then, every employee is a mercenary, whose loyalty is towards the highest bidder.
Companies
Thanks for covering this. I’ve been in organisations where HR speak has been ‘work family’ one day and layoffs the other day
You've been in organization still doesn't know the decision makers that's so sad why to blame HR first get involved in decision making dig down the the KRA of HR they just act as a wistleblower for the senior management in an organisation.
Corporate is everyone's World. There'll be no outcome to this lawsuit.
Poaching is happening since decades. Sometimes competitor companies internally hook up on not taking eachothers employees.
They even coordinate their HR department to cross inform the other company if someone appears for interview.
Nice to read and hear all that things which are happening in the present market of all the big companies.The word said should be like some one making encroachment and not poaching because this means violence. Thanks❤
Its 100% correct, the company I worked in did raise as per market standards but if someone joins they have better pay than seniors and we do all the work train them make sure we taught them well apart from doing our job, but we ask for a raise, they say its not company policy, we can give as much if you are a new joinee not an existing one, wtf is that logic a person working hard make sure everything works fine for years will not get paid well but the person who gets better pay than existing one if he comes from other compay, companies should think about their employees
I left my previous organisation due to poor pay and no promotion. Another organisation welcomed me with open arms and a good 110 % hike.
So obviously I left.
One day, countries will be fighting for me.
Who gave her the job ?? Undeniably Arrogant, Judgemental and She reads out news as she made that news herself. Very talented 😂😂😂
😂 Just like *FirstPost* poach Palki from *Wion*
Lmao
Indian Companies instead of raising Salary , opted for a Cheaper option to SUE the Rival 😂😂😂😂
Official reason for leaving the job-- Better Pay
Unofficial reason--Reporting Manager or Company culture
Employees are not patent to a company. Like how you cut down employees during bad times, employees also have their plan of shifting for better financial growth. I really pray all cream from Infosys should go to cognizant.
Loyalty had the left the chat when recession started, companies fired people, loyalty was not seen then.
Excellently and objectively stated!
Thanks Palki, for this unbiased report
Well explained. But speaking of reality, I was put on a contract not to join a specific company even if I left the current organisation, I am not allowed to join some of their listed companies for a period of 6 months. Yet I've been told that I lived in a democratic country and I am allowed to do whatever I want
Very true Palki." Put your money where your mouth is"
Well Said “ You can’t use Morals to tie down employees “. An employee is free to choose what is best for them. Why should it always be “ company first “ ?
The current employer never gives the same hike that is given by the new company. Also does not mean that the current company will keep you if there is no role. So morality and royalty dies here.
Every Indian is proud of FirstPost and Palki Sharma.
HAPPY NEW YEAR Ma'am! YOU ARE A 10! Thank you for finally getting INDIA 'a no DRAMA news forum' && May you have a splendid year 2024🙂
Your reporting is sharp and point blank
IT companies don't call their workers as Employees or even humans but only as L1/L2/L3 etc resource . They treat humans as use and throw tissue papers . Human Resource should be renamed as only Resource
We freshers are waiting from 6 months but most of the IT companies are not onboarding their selected candidates. Why they hired in first place now they are saying we don't have requirement as of now and no one is talking about it.
Both want to get IT guys for some ₹2000 per month if possible 😂 and work atleast 15 hours per day 😊
You ask your worker to resign and now your competitor gives him/her a job and now you have a problem with it!! wow!
A Senior gets a BIG APPRAISAL.
*But when the Time comes for the appraisal of a Junior level employee* :-
*There is always a financial constraint , budget issue, company starts performing badly.*
#Narayan_Narayan
After Ravi Kumar became CEO of CTS, it was much better than Wipro and Infy.... I worked in 3 companies now I can say CTS is much better than Infy and wipro
So True. I have been a party to such similar situation in banking in our nation too. Sad too see how a largest banks behaved while an employee join competitors while the bank itself have been poaching and hiring employees.
Very important news
Thanks for your Journalism
Due to Palaki I am learning English thank u😂😂😂😂
Poaching leads to augmentation...
If corporates doesn't hesitate to exploit employees then employees shouldn't hesitate to do the same either.
This mindset that employees are just use and throw resources prevails everywhere. Thanks for highlighting it.
When employees are considered temporary resources then how can they be pushed to become loyal.
Employees will become loyal when they are provided with opportunities to grow and recognition for their hard work.
Also in the private sector, switching jobs is common. Then why won't someone go after a better deal.
US companies are poaching workers from Indian companies.
And US citizens are Crying about Immigrants..
🤣🤣🤣🤣🤣
Palki is 100 % correct in addressing this issue
Suing top notch employees like laying the foundation of being liquidated in future
😂 sending letters for poaching, these companies frustrated and messed with internal politics of incompetent employees 😂
Right said
These same companies kick around employees like they mean nothing and when they leave they create ruckus about it
You said very true Palki Sharma
Why don't these IT companies show moral while doing mass layoffs??
Where was morals and ethics when companies laid off 1000s of employees, this is hypocrisy.
It's clear that companies want to own people. Unfortunately they can only own them temporarily.
They did not even take my exit interview and treated me like garage. No respect for loyal employees. Now they started crying. Karma.
I previously worked for Infosys and now working for Cognizant🤣
In UK it is in contracts saying you can’t work for competitors for 2years or pay fine / sued
That won’t hold up in labor court either. No one can prevent you from changing a job
Very well said Palki ❤
You said it the way it is ..
Absolutely right, a talented employee doesn’t need to look elsewhere for growth and opportunity if he or she is getting the same treatment in his or her current organisation.
Employee should be having a freedom to work for anyone
So true , especially when companies lay you off in a heartbeat!!
Meanwhile Infosys not giving increments to employees and spending crores on brand ambassadors
Very true
Give them smart hike they will not poach..government should take action on such companies blaming their employees for job switch.
True I am in one of these company and here you will get nothing if you are good
I have developed a POC for them and using that POC they have earned in CR but what I get in return nothing
just a 4% hike that is nothing it didn't even cover the inflation. and now I am searching for new job when My manager got to know that, he offer me 50% hike. why now...... they are will do anything for profit.
IT worker for 14-15 years without switching is earning less than 5 year switchers... TCS advertises their medical insurance policy but does not ensure a good working environment with 360 degree appraisal
It's not easy to get better pay and better opportunity within current organisation in IT sector 😃 that's why everyone keep on switching. This is a fact!
I always remind my boss that their pay sucks and they have to do something about it, and that people are going to end up leaving if they don't. Now they are going to raise the wages of my group LOL.... btw when I say I remind them. I do it EVERYDAY with any chance I get. I'm just like "YO I CANNOT AFFORD TO LIVE I NEED A RAISE" LOL but in a cute funny way, and then hit them with the "IM SERIOUS, I NEED A RAISE" lol
Excellent
RIP Infosys and Wipro. It’s quite natural and common when manager move to new place he will replace the existing team in new place and pull his own team from old place.
Poaching is for animals let’s have a respectful word for humans and employees.
i think in India laws are biased with employee ,not employer.
When a mainstream journalist talks about Corporate Governance, this is what happens to the coverage. Like a piece of trash.
There is no poaching. If some company don't want to loose their employees ,treat them well
Is it okay when WIPRO interviews candidates for the job of 6LPA makes them wait for almost a year and then asks them to accept half the original offer? Karma hits back!
All these companies are toxic please avoid, they literally harsh there employees I am ex Cognizant employee and resigned after 2 yrs after joining this was that bad experience that I don't want to work for any company now, if you have skill u can do anything but u have find ur skill and implement it , happy to be RUclipsr and investor now.
Sir please can you share your experience? I am very curious. I was working in a MNC after graduating in B.Tecb but left after 6 months because it was a hindrance in spiritual progress and spiritual enlightenment and other than that there are a lot of vices and evil amongst the people in these organisations. I left to search for the light of life and I didn't like the evil vibrations of these people who are far away from the truth of life.
My previous company harrasing me for joining competitor they have a huge amount of mine since they haven't given a single salary after applying for resignation. And my current company who told me once that we are family now told me simply you start looking something else because we don't want to be in legal issues.
Firstpost poached Palki from Wion😂
Employers go against even something as basic as worker unions; so basically this is just a fight between powerful employees/executives and the employers - which is a fraction of workforce but enough to make it to news.
Take away is employer and employee rights are not so difficult to jot down but the intent to be fair is missing. Story of majority of the workforce is unheard more than it is unknown