Hi,
This is Kavindra Joshi. Designation : Software Engineer at SAP LABS INDIA PVT LTD. Have a total experience of 3 years in the IT Industry.
I have seen in my stint in this IT Industry that "People are the most vital assests to the company". In the service industry this is even truer! When i went through the posts blow the one issue that caught my attention is the question by SSG if Benefits can be source of Competitive Advantage for a firm.
I found it especially interesting because one of the key reasons of leaving Wipro to join SAP Labs. was the marked difference in the HR policies of the two companies. I preferred to leave my On-site opportunity at Wipro as the benefits in SAP Labs are far superior. I am given free Sodexho Coupons for food, free Bus service (which used to cost a whopping Rs. 1300 p.m. in Wipro) and CTC i was promised was not inflated. Because of all these reasons i have been able to get much more cash in hand for the same package in SAP Labs than i would have got in Wipro.
In fact some of the benefits like Health Insurance were there in Wipro but there was a tedious process of filing for the claims and then waiting for weeks before that money miraculously appeared in your Bank account. Here there are no such hassles- Health benefits are like everything else-pure Cash!
Ultimately the result of above policies in SAP is that i am able t save so much more and in nstruments i want to! The flexi-timings are another motivator for a late morning person like me ;P
All in all i personally feel that superior Benefits make the company so much more lucrative for the employees to stay and work in!
This is Kavindra Joshi. Designation : Software Engineer at SAP LABS INDIA PVT LTD. Have a total experience of 3 years in the IT Industry.
I have seen in my stint in this IT Industry that "People are the most vital assests to the company". In the service industry this is even truer! When i went through the posts blow the one issue that caught my attention is the question by SSG if Benefits can be source of Competitive Advantage for a firm.
I found it especially interesting because one of the key reasons of leaving Wipro to join SAP Labs. was the marked difference in the HR policies of the two companies. I preferred to leave my On-site opportunity at Wipro as the benefits in SAP Labs are far superior. I am given free Sodexho Coupons for food, free Bus service (which used to cost a whopping Rs. 1300 p.m. in Wipro) and CTC i was promised was not inflated. Because of all these reasons i have been able to get much more cash in hand for the same package in SAP Labs than i would have got in Wipro.
In fact some of the benefits like Health Insurance were there in Wipro but there was a tedious process of filing for the claims and then waiting for weeks before that money miraculously appeared in your Bank account. Here there are no such hassles- Health benefits are like everything else-pure Cash!
Ultimately the result of above policies in SAP is that i am able t save so much more and in nstruments i want to! The flexi-timings are another motivator for a late morning person like me ;P
All in all i personally feel that superior Benefits make the company so much more lucrative for the employees to stay and work in!
1 comment:
I can agree to some extent, but not completely. The benefits as such apart from the pay are quite similar across the industry. May be a stray case can be found where health benefits or something else is given some more priority. But as a base, all companies these days provide very similar benefits as a part of the pay package. I think it still is the main component which is your cash in hand, and bonuses which make a lot of the difference. Especially in IT where attrition is one of the highest, it is easily the governing factor these days.
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