There was an era in a typical city like Bangalore where a job in a nationalised bank or a handful of PSUs (BEML, BHEL, HAL, NAL) were attractive for a fresh graduate or a post graduate with a MSC or MCOM (IT, BT, ITES and MBAs were not existing..!). A predefined scale and a career graph of an increment in 3 years and promotion in 5 years was just more like a biological calender for an employee where learning or performence where terms in least use as much as years of service..!! An employee's life used to go on in between with the joy of family and friends, celebrating festivals with colleagues, attending the naming ceremonies and so on..!
Today, we have bunch of job sites and every street in Bangalore having a head hunters office, with twice a year appraisal and pay review (only upward) and promotions in six months of experience offered by the companies, learning curves, performence reviews, number games and strategy games..with a 100% hike for a skip into another company..! The virtual meeting place of social network sites and cafeterias to discuss the share market and real estate and foreign holidays and wife/husband on line with click of a button on the mobile..are general routine for a new age worker.!
It is an apt diminishing utility in terms of employees monetory/job satisfaction while analysing the latest work conditions and job markets. Every payment of blanket increments, bonus variables, mid term compensation reviews, cash rewards on shorter instances witness a diminishing utility on the level of commitment and/or fulfilment.
Call it greed or short-lived wave of outsourcing job works..the law perfectly holds good.!
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