in each and every organization
to be REDUCED;
retirement age
at 55 years or 30 years of service,
whichever is earlier, is to be INTRODUCED.
Due to the pandemic
situation, the world is
passing through a phase of
global economic RECESSION;
focus will be to reduce the 'employee cost'
at top management posts and seniority
posts by reducing the amount of any
extra monetary CONCESSION.
As the global market
demand is LOW;
so, the revival of the global
economy will also be SLOW.
In the 'HR Pyramid' structure
of any firm, at the top layers
of the pyramid, there lies
the maximum EXPENSES;
the top firms have reduced this top management
expenses by reducing the top level posts
and implementing 'VRS' system to make a
comeback as per their past EXPERIENCES.
Promotion system from one level to the
other to be increased to 7 years, i.e. only
after 7 years of job in the same post,
a person will get automatic PROMOTION;
unless he/she is unwilling to go to higher post,
but, the amount of increment allowance per year
to be increased by 5% of the Basic Pay per year
as per the Pay Scale GRADATION."- Arindam Sain
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