I had written a post some time back citing issues with cost cutting. You can find the link here.
The same view find space in today's ToI. Here. (I think I should take credit for this article assuming that the reporter was inspired to write the article after taking inspiration from my post.)
Even though the article is more of an informative than opinionated but I believe that the author is trying to point out that these approaches to cost cutting do more harm than good. As it mentions 'Tissue paper rolls have disappeared from most gents toilets. Women colleagues say their toilets still have them, although the quality has dropped' , I wonder what kind of savings will a company make when it goes for such kind of cost cutting in a reckless manner. Even in our office the paper rolls were replaced by the heat convector sot of thing which was cheaper to operate, took some time to dry off your hand and only one person could use at a time. I wonder how would that bring about a saving given the capital cost incurred on buying the convector and the cost of electricity but it definitely created a problem for a lot of employees.
Every company stands on three pillars of strength. The first is capital, which comes in form of machinery and infrastructure. The second is customers who are the purchasers of the company's endeavor. The third and the most important one is the human enterprise that comes in form of employees. It is only when all the three are given equal importance that the stability of the company can be guaranteed. Lose one, lose all. And in IT and BPO companies, the employees ARE the machinery. (Can you expect a computer to work by itself?) So here we have two of the pillars combined to form one and people see the apathy of HR. In such a circumstance the only thing that will happen is people will start leaving the company and badmouthing the company.
The same view find space in today's ToI. Here. (I think I should take credit for this article assuming that the reporter was inspired to write the article after taking inspiration from my post.)
Even though the article is more of an informative than opinionated but I believe that the author is trying to point out that these approaches to cost cutting do more harm than good. As it mentions 'Tissue paper rolls have disappeared from most gents toilets. Women colleagues say their toilets still have them, although the quality has dropped' , I wonder what kind of savings will a company make when it goes for such kind of cost cutting in a reckless manner. Even in our office the paper rolls were replaced by the heat convector sot of thing which was cheaper to operate, took some time to dry off your hand and only one person could use at a time. I wonder how would that bring about a saving given the capital cost incurred on buying the convector and the cost of electricity but it definitely created a problem for a lot of employees.
Every company stands on three pillars of strength. The first is capital, which comes in form of machinery and infrastructure. The second is customers who are the purchasers of the company's endeavor. The third and the most important one is the human enterprise that comes in form of employees. It is only when all the three are given equal importance that the stability of the company can be guaranteed. Lose one, lose all. And in IT and BPO companies, the employees ARE the machinery. (Can you expect a computer to work by itself?) So here we have two of the pillars combined to form one and people see the apathy of HR. In such a circumstance the only thing that will happen is people will start leaving the company and badmouthing the company.
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