On the countless incidents of companies being fired, Ratan Tata said that it seems as if there is a lack of empathy in the top leadership of companies. Tata said that these are people who have worked for the company, they have devoted their entire career to the company. You are making them unemployed instead of supporting them in times of crisis.
Tata asked the top leaders of the industry what is your duty during this time. What is the definition of ethics for you that is treating your employees like this? Talking about the Tata group, the group has not been laid off in any company. However, there has been a reduction of up to 20% in the salary of the top management.
Tata said that making profits is not wrong. But it is also important to do this work ethically. This question is very important: what are you doing to earn profits? It is also important for companies to keep in mind what value is being added to customers and shareholders while making profits. All of these aspects are important. In the current situation, managers should keep asking themselves the question of whether the decision they are making is right.
Ratan Tata even went so far as to say that the company cannot survive for long, which is not sensitive to its people. He stated his thinking about business and said that business does not just mean making profits. It is very important that the interests of the stakeholders, customers and employees associated with you are also taken into consideration.
Tata group companies include airlines, hotel businesses, financial services and auto businesses. These are the sectors where the Corona epidemic has been most affected. The solution to the aviation and hotel industry is known to everyone. The same is true for the auto sector. There has been a huge decline in car sales. Despite this, the Tata group has not yet fired a single employee.
Tata's IT firm TCS recently said it will make 40,000 campus selections in the current financial year. It is a piece of relief news for the students who are going to pass college at the time of the catastrophe. Such reports are coming from institutions like IITs that big companies have withdrawn or put on hold.
