IIM-A asks Flipkart to guarantee jobs of recruits
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IIM-A asks Flipkart to guarantee jobs of recruits, says Rs 1.5 lakh compensation for late joining unacceptable
By Sreeradha D Basu & Madhav Chanchani, ET Bureau |
The email, a copy of which ET has, suggested that the delay should be shortened and said the compensation of Rs 1.5 lakh offered by Flipkart was “utterly unacceptable.”
MUMBAI | BENGALURU: Days after Flipkart told new campus recruits it was deferring their joining dates to December from June due to a restructuring exercise, the Indian Institute of Management, Ahmedabad, sent a strongly worded email to the company urging Chief Executive Officer Binny Bansal to guarantee that the candidates do indeed have a job when the date of joining is finalised.
The letter was addressed to Bansal, Chief People Officer Nitin Seth and Executive Chairman Sachin Bansal among others. The email, a copy of which et has, suggested that the delay should be shortened and said the compensation of Rs 1.5 lakh offered by Flipkart was “utterly unacceptable.” Compensation should be in the form of a monthly payment starting June and not as a lump sum as joining bonus or arrears, it said.
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IIM-Ahmedabad placement committee Chairperson Asha Kaul asked the Flipkart management to schedule a conference call in the next few days, “where all the relevant stakeholders can engage to reach a mutually acceptable solution”.
Flipkart told ET that it has written to Kaul saying that it’s taking on all the students it has hired but it wouldn’t be able to increase the compensation while pointing out that this isn’t the first time campuses have faced such a situation. To be sure, while Flipkart may be the biggest ecommerce campus recruiter to postpone joining dates, B-schools and engineering colleges have seen others in this space deferring or even withdrawing offers of late.
The IIM email pointed out that students need to repay loans and had turned away “multiple opportunities that the campus had to offer”, adding that most students had chosen Flipkart over other well-reputed recruiters because of the strength of its brand.
“The decision to defer the date of joining, coming as it does so close to the earlier promised date of June 2016, is sure to make this talent pool regret their decision of joining your company. Talented students fresh out of campus, on the eve of starting successful careers, feel cheated,” it said. While restructuring calls for tough decisions in an organisation, “the matter of campus hiring could have been handled much better with campuses forewarned well in advance and engaged as partners in this decision making”. This is likely to have an impact on future campus hiring drives.
“Future engagement of Flipkart with B-school campuses is bound to get affected as a relationship based on mistrust and lack of transparency can never be mutually beneficial,” the email said. The letter has been forwarded to placement cells at several other B-schools including IIMCalcutta, IIM-Bangalore, IIM-Indore, Faculty of Management Studies, Delhi, TA Pai Management Institute and Tata Institute of Social Sciences, asking them if they would be interested in joining the call.
The move comes as Flipkart tries to contain its burn rate, even looking to trim fixed costs, of which employee compensation forms a significant chunk. Also, profitability is now taking precedence over last year’s mantra of growth at any cost, for which it needed to recruit in droves.
The company has already put high-profile hires on the backburner and is not aggressively looking to add more executives to its ranks, relying more on existing staff to fill senior roles. “We have hired a lot in the last 18 months. There are a few critical positions opened on the hiring side based on specific needs we have which we continue to do. What we have is great internal talent,” Binny Bansal told ET on Monday when asked about recruitment plans. Flipkart told placement cells and campus hires on Friday that the company has been restructuring its businesses in the past few months.
In line with this, the new recruits will start working toward larger company goals from “day one”. But change of this scale meant time and effort, which is why it was delaying the joining date, Flipkart said. The move came as a shock to students, who’d been expecting to start work next month at typically high wage levels.
“For some roles, Flipkart was paying a Rs 20 lakh-plus (annual) package (and) joining in December means losing out on over Rs 10 lakh,” said a B-school placement team member. “A joining bonus of Rs 1.5 lakh can’t make up for it.” When asked whether Flipkart had responded to the email, Kaul said: “We would not like to comment at all at this stage.”
Other B-schools said they would be getting in touch with the company and decide on the course of action. “Some students may want to look for alternatives,” said the placement head of another top IIM. Hires from the Indian Institutes of Technology have also received the same communication deferring joining dates. “We will understand the company’s point of view and then take a collective decision,” said an IIT Delhi placement official.
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@Spock wrote:
IIM-A
just unable to come out of the grip of sarkaari organisation culture. Although they teach entrepreneurship the very people who teach them are plagued by R&R syndrome [retirement home and/or (job) reservation mentality even in faculty]
vis-à-vis that, the other day I interacted with the @administration and personnel head of IIM – Indore.
truly enterprising guy, makes sure the curios or unused (probably even the used) bags and stationery from the campus gets sold at triplicate mark-up to costs http://www.amazon.in/s/ref=bl_dp_s_web_97644203...Thus generating enough income for sustaining its poor students from within the institution. [even in worst case scenario (like lightening deal) they are able to sell at at-least twice the cost plus mark-up http://archive.is...91 ]
Two questions
Are those merchandise actually sold by the iims ?
Is the revenue generated by sale of such shit actually used to fund eduction of a needy ( even though I highly doubt the funds so generated might suffice for this purpose )?
Edit – yes you are right www.iimidr.ac.in/students-corner/clubs-2/pgp-cl...
But iim a merchandises are sold by a third party start up that sells customized t shirts ( guess if iim a sells licenses for the same or anyone is allowed to chaapo and becho)
Cargill meat plant fires 150 Muslims
Pray rather than ……………………. Work.
Here’s another example of how Islam is not compatible with a modern civilized society. Muslim workers walked off the job at a Colorado meat processing plant because they demanded more accommodations for their multiple daily prayer sessions. In a move that is sure to send liberals through the roof, the company fired the Muslim employees who refused to work.
The Denver Post reports http://www.denverpost.com/news/ci_29330180/carg... that around 200 Muslim workers, most of them Somali refugees, walked off their jobs at Cargill Meat Solutions in Fort Morgan, CO ten days ago. Their beef (pun intended): the company wouldn’t let them take several 10-minute prayer breaks per day.
Muslim workers in Fort Morgan fired over prayer dispute …
About 150 workers, most of them Somalian, have been fired from a Colorado Eastern Plains meat plant for walking off the job over a workplace prayer dispute.
The problem is, the meat processing plant is an assembly line and when a couple of hundred employees abandon their posts to pray to Allah, the whole operation shuts down. Now try to image that happening 4 or 5 times every day. The company had been allowing the Muslims prayer schedule and even provided them with a prayer room, but changed policy recently because it was killing productivity.
Keep in mind that the Muslim workers were allowed to pray during their mandated breaks and lunches. Oh, and the job starts out at $14 an hour with more experienced workers making much more. Apparently none of this was good enough and so the Muslims staged a walk out.
Though these Muslim workers are Teamsters, the union didn’t want to have anything to do with this ridiculous strike so the Council on American-Islamic Relations (CAIR) stepped in to negotiate.
They feel missing their prayer is worse than losing their job. It’s like losing a blessing from God, said CAIR executive director Jaylani Hussein. Cargill told the Muslim employees to either return to work or find another job.
About 50 of them took this seriously and came back, while 150 or so did not.
On Tuesday, the company fired the 150 who felt praying was more important than providing for their families.
And guess what….The fired Muslims now suddenly want to come back to work under the conditions they previously thought were unbearable. The company called their bluff and now they are out of luck. Cargill has a policy that any employee that is fired may not reapply for a job for six months.
I applaud the company for this mass firing. These Muslims had good paying jobs that complied with all US labor laws, but they wanted special treatment that would cost Cargill money in lost productivity. If their religion doesn’t comply with normal American employment, they shouldn’t even be in this country.
This is a common theme with Muslims in the US. They demand special food, special dress code exemptions, special prayer spaces funded by others, and special prayer breaks. No one forced them to move here. They should assimilate to our way of doing things instead of us bending over backwards to accommodate them.
Just enjoy reading this.
Arkya Chatterjee from Kolkata topped HSC by scoring 99.75%.(499 out of 500)
These are the comments he got on his facebook page on his achievement
😜😂😛
1. Don’t publish this fact in newspaper. We hv parents to answer.
2. Itna to mere phone ka battery bhi charge nahi hota…
3. Ye ladka kalpanic hai iska vastav se koi sambandh nhi hai
4. Badhai ho….par aaj 8 saal ho gaye mere XII k results ko, aaj fir daant padi.
5. apsara pencil se likha hota to 0.25% bhi mil jate………extra marks for good hand writing
6. Tu roadie nahi banega..U dont give ur 100% – Raghu
6. Mere purre graduation k 3 saal ka total bhi itna nai jitna tu ek exam mein laya hai kaminey..
7. Not a big deal…His tutor is Rajnikant
8. Congrats dude, you are the reason my parents have so many expectations.
9. Itna toh dettol, kitanu nai maarta…
10. See Arkya, i dnt knw wat tough times u wuld hav gone thru.. lekin beta is tarah se padhaai pe gussa nahi nikalte..!!
11. Main toh agar apna paper khud check karta toh bhi itna marks nahi la paata"
12) Itne marks me to Garib ke 3-3 bache pass ho jate hain😉😀
Flipkart stake marked down 15.5% further by Morgan Stanley
http://economictimes.indiatimes.com/small-biz/s...
via The Economic Times App(Download Now):
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http://yourstory.com/2016/05/flipkart-deferring... | for more download our app on yourstory.com/apps
IIM Grad: Sir, why deferred joining?
HR: Sorry, you’ll join by December.
IIM Grad: Sir, are you sure?
HR: Flipkart matlab Bilkul Pakka.
From twitter
@B@R_0_0_D wrote:
Cargill meat plant fires 150 Muslims
Pray rather than ……………………. Work.
Here’s another example of how Islam is not compatible with a modern civilized society. Muslim workers walked off the job at a Colorado meat processing plant because they demanded more accommodations for their multiple daily prayer sessions. In a move that is sure to send liberals through the roof, the company fired the Muslim employees who refused to work.
The Denver Post reports http://www.denverpost.com/news/ci_29330180/carg... that around 200 Muslim workers, most of them Somali refugees, walked off their jobs at Cargill Meat Solutions in Fort Morgan, CO ten days ago. Their beef (pun intended): the company wouldn’t let them take several 10-minute prayer breaks per day.
Muslim workers in Fort Morgan fired over prayer dispute …
About 150 workers, most of them Somalian, have been fired from a Colorado Eastern Plains meat plant for walking off the job over a workplace prayer dispute.
The problem is, the meat processing plant is an assembly line and when a couple of hundred employees abandon their posts to pray to Allah, the whole operation shuts down. Now try to image that happening 4 or 5 times every day. The company had been allowing the Muslims prayer schedule and even provided them with a prayer room, but changed policy recently because it was killing productivity.
Keep in mind that the Muslim workers were allowed to pray during their mandated breaks and lunches. Oh, and the job starts out at $14 an hour with more experienced workers making much more. Apparently none of this was good enough and so the Muslims staged a walk out.
Though these Muslim workers are Teamsters, the union didn’t want to have anything to do with this ridiculous strike so the Council on American-Islamic Relations (CAIR) stepped in to negotiate.
They feel missing their prayer is worse than losing their job. It’s like losing a blessing from God, said CAIR executive director Jaylani Hussein. Cargill told the Muslim employees to either return to work or find another job.
About 50 of them took this seriously and came back, while 150 or so did not.
On Tuesday, the company fired the 150 who felt praying was more important than providing for their families.
And guess what….The fired Muslims now suddenly want to come back to work under the conditions they previously thought were unbearable. The company called their bluff and now they are out of luck. Cargill has a policy that any employee that is fired may not reapply for a job for six months.
I applaud the company for this mass firing. These Muslims had good paying jobs that complied with all US labor laws, but they wanted special treatment that would cost Cargill money in lost productivity. If their religion doesn’t comply with normal American employment, they shouldn’t even be in this country.
This is a common theme with Muslims in the US. They demand special food, special dress code exemptions, special prayer spaces funded by others, and special prayer breaks. No one forced them to move here. They should assimilate to our way of doing things instead of us bending over backwards to accommodate them.
Relevance to the thread? Or your point being ?
IITs up the ante, plan to blacklist firms that withdrew job offers
http://economictimes.indiatimes.com/jobs/iits-u...
@mas143forever wrote: Relevance to the thread? Or your point being ?
ek baar jo Baroodwa ke mann mei aa gayi ki likhna hai
tou woh apne aap ki bhi nahi suntey !
or shall i say; his hands are like that.. they’ll go on to write stuff non-stop; and
topic, relevance, what’s the point.. all these things are relegated to the background. 
@dhruv_yv wanna be ‘frans’ with @mas143forever??<a href=“http://cdn1.desidi...om ”https://cdn2.desidime.com/assets/textile-editor..." alt=“toungueout” border=“0”/>"><img src=“http://cdn1.desidi...om ”https://cdn2.desidime.com/assets/textile-editor..." alt=“toungueout” border=“0”/>"> Reference: desidime.com/forums/dost-and-dimes/topics/in-the-words-of-rocky-balboa?f=1&page=1#post_2226499 note that it had to be jutted out of dost and dimes due to the…
@Spock wrote:
@mas143forever wrote: Relevance to the thread? Or your point being ?ek baar jo Baroodwa ke mann mei aa gayi ki likhna hai
tou woh apne aap ki bhi nahi suntey !
or shall i say; his hands are like that.. they’ll go on to write stuff non-stop; and
topic, relevance, what’s the point.. all these things are relegated to the background.
@dhruv_yv wanna be ‘frans’ with @mas143forever??<a href=“http://cdn1.desidi...om ”https://cdn2.desidime.com/assets/textile-editor..." alt=“toungueout” border=“0”/>"><img src=“http://cdn1.desidi...om ”https://cdn2.desidime.com/assets/textile-editor..." alt=“toungueout” border=“0”/>"> Reference: desidime.com/forums/dost-and-dimes/topics/in-the-words-of-rocky-balboa?f=1&page=1#post_2226499 note that it had to be jutted out of dost and dimes due to the…
I think we are all are “peedit” of barood posts
let’s do “Dharna” against him for posting non relevant things. 
![[Listing Error] Poco 5G Smartphone](https://cdn0.desidime.com/topics/photos/1779474/medium/31hTkYZFNaL.jpg?1713927180)
IIM-A
just unable to come out of the grip of sarkaari organisation culture. Although they teach entrepreneurship the very people who teach them are plagued by R&R syndrome [retirement home and/or (job) reservation mentality even in faculty]
vis-à-vis that, the other day I interacted with the @administration and personnel head of IIM – Indore.
truly enterprising guy, makes sure the curios or unused (probably even the used) bags and stationery from the campus gets sold at triplicate mark-up to costs http://www.amazon.in/s/ref=bl_dp_s_web_97644203...
Thus generating enough income for sustaining its poor students from within the institution. [even in worst case scenario (like lightening deal) they are able to sell at at-least twice the cost plus mark-up http://archive.is...91 ]