My personal experience

Even though i am a fresher and have not had any employee contract till date, i have already had an experience in which one of the most "trusted" companies of India openly breaks the trust which thousands of students had placed in the company.

Adding to Renuka's point on Markets and Bargaining Power, I would like to bring to light how the company TCS Limited has taken an open advantage of the global meltdown to back out from the salary offered to us during campus placements.






What can we do after receiving this letter. No option is given to the candidate as to whether he is ready to accept the offer or not. The information is just passed on to the candidates that their salary structure has been revised.

Another point which i would like to raise is that almost all the contracts which i have read state the last clause as "The company reserves the right to change/modify any of the above stated conditions at any point of time with/without informing the stakeholders. " With such a clause in place, to the best of my comprehending skills, all the other clauses in the contract become meaningless and this shows that the power rests in then hands of one party and can be used/misused to that party's benefit. So, there is no question of balance of power of power in the hands of the employees, at least in India.