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Era of Disposable Worker

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This presentation explains the Era of the Disposable Worker, it refers to the IT Industry as on today and the employment trends which are being followed in the industry.

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Era of Disposable Worker

  1. 1. CASE INCIDENT Era of the Disposable Worker ?
  2. 2. Disposable Worker - The Term • A disposable worker is a temporary or flexibly assigned employee. • Some labor economists call them disposable or throwaway workers
  3. 3. The Case • This case is based upon a trend which refers to the employment of a number of Individuals on a temporary or a contingent basis. • These individuals stay deprived from benefits such as health insurance, provident funds, vacations, severance, employment guarantee etc. • The business trends as on today suggest that the next 5 to 10 years will be similar with small pay increases, worse working conditions and low levels of job security.
  4. 4. Defense Mechanism used by Companies • One dimensional approach as a company is judged primarily on a single parameter i.e. Stock Price. • Due to increasingly competitive and global marketplace, it might be necessary to sacrifice some jobs to save the organization as a whole.
  5. 5. The Truth • Based upon the data from the financial sector, corporate earnings of the companies have increased but not due to increase in revenue, but due to lower payrolls. • Wages also rose slightly during this period of rapidly increasing corporate profitability.
  6. 6. Q.1 To what extent can individual business decisions (as opposed to economic forces) explain deterioration in working conditions for many workers ? • Workers tend to leave jobs as the bond between them and the organization is missing • Efficiency of the organization is at stake • High Attrition Rate • Wastage of Training Resources invested on workers • Extension of working hours without any incentives
  7. 7. Q.2 Do business organizations have a responsibility to ensure that employees have secure jobs with good working conditions, or is their primary responsibility to share holders ? • Yes, it’s the sole responsibility of the organizations to maintain a balance between an employee friendly culture and profitability. • Example: Vineet Nair (Former CEO HCL Technologies) (2007-2013) introduced a strategy of “Employees First, Customers Second: Turning Conventional Management Upside Down”
  8. 8. Q.3 What alternative measures of organizational performance, besides share prices, do you think might change the focus of business leaders ? • Introduction of a ranking system based upon employee satisfaction which would acknowledge the organization and in turn result in enhanced goodwill of the company.
  9. 9. Q.4 What do you think the likely impact of growth of temporary employment relationships will be for employee attitudes and behaviors ? How would you develop a measurement system to evaluate the impact of corporate downsizing and temporary job assignments on employees ?
  10. 10. Impact Short Term Long Term • Such a Mentality would create a class of employees that would be bankrupt in terms of how they approach life and the organizational culture will be affected. •The ‘genius’ within an individual gets locked up or is at sleep. ‘The inner genius’ is what makes us unique, valuable and stand out of the crowd. •Employees would tend to quit jobs and avoid joining such organizations. • The organization won’t be able to function as an entity or a team.

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