The threat of getting fired in private sector
Due to the reduction in government jobs, after wide-scale privatization in our country, most of the jobs are now cropping up only in the private sector. Even in existing government departments third-party private services are being availed for various purposes. Whenever private companies or enterprises are expanding they start hiring people in good numbers to manage their operations and services but there are so many companies and so many business houses that are engaged in the same work and there is stiff competition. In such a situation it is possible that a company may not be able to stand in the market and make the appropriate profit to sustain its operations. In such cases, the only resort left with the company is to fire some of its employees and reduce expenses to improve the bottom line. So the threat of getting fired is so much in private companies that the employees are always afraid of that.I have seen in some of the big departmental stores in my area that a good number of people are employed who are mostly young boys and girls either arranging the goods or working at billing counters.
In a big store in my area, there are about 60 boys and girls working and even with a minimum salary of Rs 12000 per month the store requires at least rupees 7 lacks per month for their salaries. Over and above that store has got big expenses like electricity charges, maintenance charges, rent of the premises, etc.
There are huge inputs required in this type of business and that is the reason why many big stores or companies are firing employees or closing down and shifting to other better places where there are finding better sales prospects.
What are your views in this regard?