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Should we leave corporate salaries to market forces.

Created by : Shashikant Rajak, Senior Consultant, Technozone consultancy ltd  | 10 07 2009 10:04:54 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : Talent Management(People Management)
Keywords : salary hike remuneration salaries corporate salaries to market forces
Activity:  467 views;  last activity : 07 06 2010 20:18:09 +0000

A survey which was conducted by Associated Chambers of Commerce and Industry of India (Assocham) among 100 top corporate chief executives showed  60 percent of the respondents maintaining that the best talent can only be attracted if salaries were not regulated. Assocham favors the adoption of austerity measures by corporate sector at the current time of crisis. But at the same time market forces cannot be ignored to attract the best of talent. Should we leave corporate salaries to market forces?

  
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Salary package for CEOs, Board of Directiors, Managing Director etc can be according to the market forces, but the salary for working level people should not be reduced.
By Ramakrishna Perumal, Electrical Specialist Engineer,  | 10 07 2009 11:02:15 +0000
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According to me it is not possible for the corporates to leave their salaries to the market force during this turbulent times. If they don't ignore the market force there are possibilities that they might loose the best talent. Because the essential thing in employment is the best talent in corporate world whose salary package have to match the prevailing best in all parts across the globe.
By Shashikant Rajak, Senior Consultant, Technozone consultancy ltd  | 10 07 2009 10:04:54 +0000
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