Thursday, October 16, 2008

Lalaji, Read Hard Times by Thomas Hardy

Jet says sorry, takes back all sacked staff-India Business-Business-The Times of India

I have no enmity with Jet or Respectable Shri Naresh Goel. It is also not the question of the episode which had taken place with employees of Jet Airways in the name of rationalization and cost cutting in an corporate identity. The issues here are much more than Manager Accounts, Manager HR and Managing Director capabilities.

First of all, thanks to God that this nightmare of Jet airways employees had ended within 48 hours with its gravity accentuated to the level to which I believe that the whole country had become involved.

There are issues that how the corporate world need to respond to the changing economic scenario. There is need to decide some basic norms concerning employees and employers. The corporate world must understand that it had acquired existence only when some norms and systems were made to take some implicit and explicit places. It came to existence when some rules were established and kings and emperors had assured that they would be followed and the joint stock holders would be given protection. At that time, the employee did not have that status which today a skilled and educated employee holds. Today there are processes which a capitalist may buy but in order to run those processes in order to earn proft, he does not have any knowledge or capability. He should consider himself to be totally illiterate. However, he can make money only when the skilled workers rent his (yes I say rent it) or her skills to the corporate heads. The corporate does not have right of its might. It is now a collective responsibility to earn profit. If the heads know more economics then they better first reduce the bill of their own kitchen before hitting at the empoylees whom they recruit as per their own highly cerebral decision making capabilities. An the owners, who happen to have a lottery of becoming rich that they can speak english by pledging it to their dead emotional anchors, that they are mere card players and nothing more than that. It is luck and comedy that they have become rich and they should learn that they do not hold the worth the parking gate before a community built building.






To be continued


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