Saturday, January 23, 2010

IT industry: Cost Cutting Employees Health

I happened to visit one of meeting for fixing a price for a meal in a well known IT company...ITs not rocket science that we tried to explain... citing the inflation in cost, we were expecting a considerable hike in price .But it is a general tendency of cost cutting.
The corporate catering Business has seen several people close down recently and lots of Kitchen are up for sale though they have a considerable turnover...Let see the activity trap in an other context..to tell it shortly... initially with the IT boom, a number of additional services like catering ,cab service etc saw a great potential, lot of private players got in this segment but this lead to overcrowding and increase in competition and the margins were hit.With recession and inflation, selling price came down and cost price went up .the whole industry suffers.Hence , the industry is in the activity trap and hence is up for sale though the top line look good..
In an IT industry, its employees are it bigest assets and their welfare is of its primary concern...Considering their health being a primary concern, i think a balanced life and good food would be anyones priority...With long working hours, it stil raises the question of Balanaced life pending... Now we come to Good food....The budget for a employees meal per day is not even a dollar...With the prices of comodities shooting up, is it feasible to get one...how wud a caterer manage to do it? Dont know if any employee thinks abt this..Go to a juice counter and if u ask for a fresh fruit juice, you wud have to pay aprrox Rs 25.. but is the price for the meal that is fixed justified.....The lunch provider might be delivering food but how many caterers would use quality raw materials.Is it necessary to pay less for your daily fod and end up being sick and pay more later...
Corporate Catering works on huge numbers but with the current trend of increasing cost of raw materials, labour it is getting increasing difficult to survice with the current prices...

Health or Wealth...Before its too late, you need to set the priorities right..Otherwise with the current approach you are cost cutting your health...

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