1. It's been 6 years now. 2. Billables and hourly rates have increased every single year. 3. In WFH people are on your call 24x7, slaving away at least 14 hours on average. 4. WFH along with the pressure has created real mental health issues hazard for people - like workers in different professions are compensated for physical health hazards, there should be a compensation for the risk of mental health hazards. 5. Steady increase in health expenditures - both due to physical health (COVID treatments, health checkups, hospitalizations) and mental health (at least 50% of associates are undergoing some form of mental health treatment/therapy) 6. Inflation coupled with lowered interest rates have decreased the value of money in general. 7. Even IT companies have been increasing salaries despite COVID: (i) https://bit.ly/3zexIYq (ii) https://bit.ly/2TYsCPW 8. While NLU salaries were attractive compared to good engineering college salaries 5 years ago, now even BYJU'S sales agents get 10L a year. 9. Associates and partner attrition is at an all time high - primarily because people are realizing the health-money ratio and their appetite for a high ratio is at an all low. 10. The pandemic has made the ultra-rich many times richer - both in India and across the world. Pass down at least a tiny portion of it to the lesser mortal selling away their lives for you?
KCO's joke of a compensation scheme is really never discussed enough around these parts. It's not just at the SA2 level also. While I left as an SA, I've heard from reliable sources that pay was cut in many designations across the board, which means SAs now are earning the same as A4s from 8-9 years back if inflation is taken into account.
Almost every law firm worth its salt (in US and UK) provided an extra Covid bonus/ allowance during the last year. Indian firms did nothing of the sort (except Trilegal), while lawyers were made to work even more. It's a fact that the second wave as hit India badly and its probably the worst sufferers right now with no end in sight (with vaccine shortage). Still Indian firms have been behaving like nothing has happened and haven't gone beyond lip service. While other countries are ostensibly nearer to recovery. Yet several US law firms have revised pay across levels this very week. Again, nothing from Indian firms. There are still arrears from last year and no increments yet.
This is precisely why foreign law firms are not being let in.
bhai/ behen, need some help. a recruiter just approached me with a prospective associate level position in hsa. can you confirm if hsa pays irregularly/quarterly? how much can someone with 4 year pqe expect to make there? thanks.
You will not make anything at HSA. They do not pay. During such times what one needs is security. Imagine not being paid for months but expected to work like donkeys. I would recommend any other place. They may offer you anything. But no use if the number doesn't hit your account for months. While they conveniently earn interest on your money
CAM was the first to cut salaries for almost 6 months & when that stopped the bonus was deferred.There was this big lecture on concall at time of sal cut that promoters will step up and support,business uncertainty is high,etc etc.But when news came that CSS purchased a mansion of a flat in worli,many started speaking up.Maybe that's why the salary cut stopped around Diwali.A lot of people were waiting only for the bonus which came in March.People were upset and then farewell emails became common.Indian law firms,small and even big all took advantage of the pandemic against their employees even when business and work increased.
It wasn't the March bonus that got deferred in 2020,it was the October/Diwali one.The March 2020 bonus surprisingly came few days earlier.But that small joy was no good because salary cuts got announced after that.Thankfully the March 2020 bonus had got paid before salary cuts already otherwise it would have been held back like the sal cuts.
Istemal kiye corona ka khauf, Increment nahi diye ye shroff, Confident the first wave ke post, Bole office aa jao sab mere dost |
Guzar gaye dada dadi pata nahi aur kaun, Partner ne pucha are you attending the con call? Kehte hai bill entry nahi karne se hogi fine, Kabhi ye bhi bol dijiye ki don't work over time?
HR ne bola bhar do ye grievance feedback form, Par townhall mein sir ne bola tumhari learning ho rahi hai kam, Pucha jab humne badhegi kya tankhwa, Mila bas humein vaccine drive ka ye jumla |
Chinta na karo badhegi nahi tumhari salary, Woh paise toh chale gaye for the flat in worli, Duniya mein ameer banenge bas shroff adani, Tum khush raho ki mil raha hai khaana pani |
Bigad gaya hai ab humara maansik santulan, Ghabrahat si lagti hai ab har ek kshan, Kaam karte karte din ke har pal, Guzar na jaye ye zindagi kabhi aaj kal |
2. Billables and hourly rates have increased every single year.
3. In WFH people are on your call 24x7, slaving away at least 14 hours on average.
4. WFH along with the pressure has created real mental health issues hazard for people - like workers in different professions are compensated for physical health hazards, there should be a compensation for the risk of mental health hazards.
5. Steady increase in health expenditures - both due to physical health (COVID treatments, health checkups, hospitalizations) and mental health (at least 50% of associates are undergoing some form of mental health treatment/therapy)
6. Inflation coupled with lowered interest rates have decreased the value of money in general.
7. Even IT companies have been increasing salaries despite COVID: (i) https://bit.ly/3zexIYq (ii) https://bit.ly/2TYsCPW
8. While NLU salaries were attractive compared to good engineering college salaries 5 years ago, now even BYJU'S sales agents get 10L a year.
9. Associates and partner attrition is at an all time high - primarily because people are realizing the health-money ratio and their appetite for a high ratio is at an all low.
10. The pandemic has made the ultra-rich many times richer - both in India and across the world. Pass down at least a tiny portion of it to the lesser mortal selling away their lives for you?
Timesheets bhar bhar ke fill karwaayi..
Magar bonus /increment dene main kanjoosi chaayi..
This is precisely why foreign law firms are not being let in.
https://www.law.com/americanlawyer/2021/06/10/milbank-raises-associate-salaries-globally-bumping-up-starting-pay-to-200k/
Increment nahi diye ye shroff,
Confident the first wave ke post,
Bole office aa jao sab mere dost |
Guzar gaye dada dadi pata nahi aur kaun,
Partner ne pucha are you attending the con call?
Kehte hai bill entry nahi karne se hogi fine,
Kabhi ye bhi bol dijiye ki don't work over time?
HR ne bola bhar do ye grievance feedback form,
Par townhall mein sir ne bola tumhari learning ho rahi hai kam,
Pucha jab humne badhegi kya tankhwa,
Mila bas humein vaccine drive ka ye jumla |
Chinta na karo badhegi nahi tumhari salary,
Woh paise toh chale gaye for the flat in worli,
Duniya mein ameer banenge bas shroff adani,
Tum khush raho ki mil raha hai khaana pani |
Bigad gaya hai ab humara maansik santulan,
Ghabrahat si lagti hai ab har ek kshan,
Kaam karte karte din ke har pal,
Guzar na jaye ye zindagi kabhi aaj kal |
Problem kya hai ye CAM aur KCo ki? Logon ko khush nahi dekh sakte?