Re: [MTC Global] Good old days

Compensation is not correlated with prices. There is no National Wage Policy. Wages are independent of job difficulty points. And no research or scientific base is used to decide pay structure, but decided by a group of self-vested interests.

Can you just think of that the pension today I am drawing is 6 times of my total pay when I took VRS in 1993?

Regards,

Dr. P H Waghodekar, PhD (Egg), IIT,KGP, IE&M, 1985,
Advisor (HR), IBS & PME (PG)
Marathwada Institute of Technology,
NH 211, Beed by pass road,
Aurangabad: 431010 (Maharashtra) INDIA.
(O) 02402375113 (M) 7276661925
E-Mail: waghodekar@rediffmail.com
Website: www.mit.asia
and
Chairman, Advisory Board, MTC Global, Bangalore.


Engineering & Management Education: An Engine of Prosperity.
Classroom teaching must match with Boardroom needs!


From: "'achuth kumar' via Management Teachers Consortium, Global" <join_mtc@googlegroups.com>
Sent: Tue, 26 May 2015 12:49:19
To: "join_mtc@googlegroups.com" <join_mtc@googlegroups.com>
Subject: Re: [MTC Global] Good old days

I remember in 1963 five litres of petrol cost Rs 3.65 which makes a litre 73 paise. A driver's salary was Rs 60 a month. Now a driver's salary is about Rs 12,000/- that is it has gone up 200 times as compares to 1963. The latest petrol price in Chennai is Rs 69.12 and compared to the price in 1963 it has gone up only 94.68 or approximately 95 times. What inference can we draw from this ?

Regards

 

T A Achuth Kumar

Phone Res: 044-2559 5056

Phone Off:  044-3255 4755

Mobile     : 0 91765-14679

On Tuesday, 26 May 2015 6:57 AM, "'K. Sampath Kumar' via Management Teachers Consortium, Global" <join_mtc@googlegroups.com> wrote:

Dear friends,

Good morning.

Can we say "Good old days"?

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When purchased Bajaj scooter in 1975 and the first petrol bill

With regards,

 

Dr. K. Sampath Kumar,  B.A. (Economics), BGL, M.Com., M.Phil., Cert. A.I.I.B.,
                                        MBA (Finance), MBA (HR & Marketing),  ACS, FCMA, Ph. D.,
Professor, SSN School of Management
C/o. SSN College of Engineering
Rajiv Gandhi Salai (OMR)
KALAVAKKAM - 603110
Kancheepuram District, Tamil Nadu, India
Landline :  044-24860668
Mobile    :  9094405733
 
Success consists of getting up
just one more time than you fall
-- Oliver Goldsmith

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