Recently, India has completed 15 days of complete lockdown and now our employers have started ciruclating the comunication where we are told that there will be cut down in the salaries according to the % slab as follows :
** The values are in $
*** The values are converted from INR to USD per annum range
Looking at the cutting figures it can be seen that no employee is gonna be happy to receieve what they are goign to get.
The fact is most of the employees are still working from the home being IT personnel.
However, this doesnt change the fact that we still have to pay our EMI's, Daily food and home expenses. The life is still breathing but the money is substantially gone down.
Now everyone has to "adjust" their life with minimal money and look for the future plannings. As we do not yet know how and what the situation be in the upcoming days, this is serious matter up front.
From where did you get this news? Can you please share a credible source? Because as far as I know, not all companies are going to do that. So don't generalize things here!
I believe there will be certain companies where such kind of deductions will be seen because their businesses have received a serious hit. Especially in production or heavy engineering sector.
But I believe it is stil a blessing because these people are not thrown out of jobs. That would have been a serious problem then.
Personally I feel that, a person with 10+ years of experience, positioned at the middle management of a large company, earning more than 1.5 million "INR" per annum, with home and car loans - will be happy with this salary deduction if the job is secured. Trust me, I have seen jobless life during demonetization!
