Don’t Slog For Your Company Just Be Wise To Secure Your Income!

By Author: Shourya Ray Chaudhuri
Total Articles: 598
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You may have committed your self to the organisation and have been delivering your maximum. But, does the company value you for what you are doing? You have slogged through out the day and delivered your best, but have they ever acknowledged this? An employee continues to trust the company and anticipates that some day they will appraise him for what he has done. But all his efforts have gone futile. There would be a day, when the management all of a sudden takes a decision that you will be moved on to contract on a 10% deduction of your salary. This means that you will not only be ripped off your flat 10% on your salary but they will also deprive you off all employee benefits. No more medical benefits, no more PF will be provided to you, no more perks or incentives too. In addition to this, on your monthly earnings there would be a flat 10.5% deduction of TDS (TAX) on your already reduced income.

This has been evident with the recession. Some companies have taken this opportunity and in the name of recession have reduced 10 % salary of only the chosen few. It doesn’t matter how hard you worked and slogged for the company. ...
... It only matters how good a relationship you had with the Human Resource (HR) team.

Some have even been laid off. What a financial disaster would this be? Be prepared for such adverse situation and get a redundancy protection insurance so that you are secure in future. Non employment status should not affect your financial standing and you should still be able to continue earning monthly income in case you are out of employment. This compensation will be paid to you till you find another job.

Take the time to actually read those internal emails, and set up Google alerts on your own company so you don’t miss any news of new initiatives that could affect your job. To figure out what you should be learning, think about the problems that keep executives at your company up at night, look outside your company and industry for technological solutions, and build some regular time into your schedule to learn them —ideally by stepping up for projects at work where you can develop your knowledge.

Take a wise move and get your self protected if not continue to have some free lance jobs so that you will have some alternative in case you are laid off.

Shourya Ray Chaudhuri, Ezine Articles Expert Author.For more information: Payment Protection Insurance
Get more information: Income Protection