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Company image and employee payment

Created by : Amit Madhav, Senior Consultant, GKC  | 12 27 2008 11:07:32 +0000
Industry : Management & Strategy ConsultingFunctional Area : India(Markets)
Activity:  223 views;  last activity : 07 06 2010 20:18:09 +0000
Is the image of the company gets affected by the amount its employees gets paid?
  
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I would say definitely an employee's salary sometimes decide the status of the company. When companies starts cost-cutting its always said that their is a financial problem in the company.
By Amit Madhav, Senior Consultant, GKC  12 27 2008 11:07:32 +0000
 
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Yes cost cutting definitely says that but employee salaries does not show that it depends on the individual capabilities.
By Dayanand Deshpande, Senior Consultant, Ernst & Young  12 27 2008 11:08:47 +0000
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People are sometimes paid higher for retaining their employees that also shows that they have great deal of workforce. Consider in case of Chanda Kocher the bank really wants to keep her that is the reason she is paid higher and promoted regularly.
By Jagbir Singh, Senior Consultant, Ernst & Young  | 12 27 2008 11:12:11 +0000
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In case of same designation there salaries does create a status difference not in the mind of the company but definitely in the mind of the consumers.
By amit chaudhry, Senior Consultant, IML  | 12 27 2008 11:10:05 +0000
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As far as image of a company among employees/ prospective employees is concerned salary is not the only parameter to decide the image. I think there are very few people who leave/join companies only for some increment in salay. Instead they look for the things like learning, projects, work culture, growth prospects, transparency, creativity etc. etc.


By Sanjay Kaushik, Resource, TalentEquity Solutions  | 07 23 2009 09:09:30 +0000
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In case of Chanda Kocher she is promoted regularly so defintely a person who is promoted should have an increment in their payments.
By Sudeep Tarafdar, Senior Consultant, IBM  | 12 27 2008 11:13:31 +0000
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