Friday, January 15, 2010

Some CTC related useful tips for entering in a new organization:-

* Know your break-up salary
Check on your leave policy, which vary from company to company. In MNCs, for instance, leaves lapse every year while some allow leave to be encashed.


* Look at your non-monetary perquisites carefully.
Your new employer may offer a one time furnishing allowance which can be availed of only for furnishing your apartment.

* Check on your leave policy, which vary from company to company.
In MNCs, for instance, leaves lapse every year while some allow leave to be encashed.

* ESOPs : Ask for the option plan
If your company promises ESOPs, ask for the option plan and the valuation. If the stock is trading at Rs 100 you could get it for Rs 90 or even Rs 10, if company is sitting on old or restricted stocks.

* Bonus Mantra
If your company promises ESOPs, ask for the option plan and the valuation. If the stock is trading at Rs 100 you could get it for Rs 90 or even Rs 10, if company is sitting on old or restricted stocks.

Are Social Networking sites really dragging productivity?

Corporate employees on an average spend 60 minutes on social networking sites like Orkut and Facebook in office hours, leading to loss of productivity, a survey said.

“Close to 12.5% of productivity of human resource in corporate sector is misappropriated each day since a vast majority of them while away their time accessing social networking sites during office hours,” industry body Assocham said in a survey.

Almost each day, on an average, a corporate employee spends an hour, glued to various social networking sites such as Orkut, Facebook, Myspace “for romancing or otherwise driving some satisfaction out of it,” the chamber said. With this, an average corporate employee working each day is reduced by an hour from 8 hour to 7 hour, it said.

The results are based on responses of nearly 4,000 corporate employees in places like Delhi, Bangalore, Chennai, Indore, Mumbai, Pune, Chandigarh and Kanpur.

“As a matter of fact, growing use of browsing sites can be dangerous for overall productivity and IT companies have already installed softwares to restrict its use,” Assocham secretary general DS Rawat said.

The Assocham survey showed that 77% of workers who have Orkut account use it during work hours. Interestingly, 83% see nothing wrong in visiting social networking sites during the office hours.

“More than half of office workers use sites such as Orkut, Facebook, Twitter, and Myspace for personal use during the working day, and admit wasting an average of 40-60 minutes each day,” Mr Rawat said.

Orkut and Facebook are found to be the most popular online destinations among survey respondents. Keeping in touch with friends and family for fun and looking for new jobs are some of the main factors which attract the workers to social networking sites, Assocham said.

Source : A leading business newspaper

So, now, let us comment on the title of this post, considering the ratio of pros and cons of these websites.