socialmedian: Oracle India attempts to cut wage bill with hour-based payments: Report

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Oracle India attempts to cut wage bill with hour-based payments: Report

Submitted by Crow74

Jan 09, 2009

Summary

Software giant Oracle, in India, is reported to have started the practice of linking payments to its 20,000 employees with the number of productive hours they spend in the office.

A report in the Business Standard said that the move has resulted in salary cuts for the company, ranging between 10 and 50 per cent across the board.

As a practice, the software industry bills its employees to the client as a "billable resource", based on the number of hours the employee is engaged in tasks that result in working for the client. If an employee is not assigned to any project, and is instead working on an internal project or is on the "bench", his salary comes from the company's kitty. Read the full article

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