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by System Administrator - Saturday, 11 February 2017, 4:23 AM

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : In Indian context pay packages are critical one getting more and another less in same work same qualification creates heart burns. If pay packages all are linked to performance then every employee pay package need to be performance linked and not just that of "Sikka”. High sikka pay means break down in value system as sikka was brought from outside Infosys ignoring high performers within Infosys. Kiran Mazumdar-Shaw, an independent board member of Infosys and chairperson of biotechnology company Biocon, is reportedly on record stating that Just because Sikka's payment is higher than before does not mean there is a breakdown in the value system. It is all linked to performance. If you consider the performance he is supposed to give us, it is a daunting one. The kind of goals you are giving Sikka, if he pulls it off, he deserves it. If he cannot deliver on the goals, he would not get it. Don't you think everybody who worked so hard to build this great company also got rewarded? But she failed to bring on record it contribution of financial goals by several lakh Infosys employees tech graduates and post graduates and doctorates who are relentlessly work for the company and deliver on the goals and not "just Sikka” need to rewarded and if her statement be taken as recorded in news paper reports about financial goals that were given "Sikka” alone and if he alone pulls it off and he alone bring financial goals and not the several lakhs employees then his financial innovation which brings financial goal set by Infosys board to "Sikka” need investigation by CBI and NIA and ED as seemingly the income brought without tech employees contribution is illegal and violation of Indian laws . If pay packages all are linked to performance then every employee pay package need to be performance linked and not just that of "Sikka”. A common man can understand this equation why Infosys board need inputs from experts. Infosys while strongly denying any governance lapses by its board, said that it had recently appointed the law firm of Cyril Amarchand Mangaldas, described as "corporate governance experts", to receive inputs from the promoters and other key stakeholders, to evaluate them and make recommendations to the board .The board need to act overall interest of its all employees and shareholders and not just to full fill the greed of its CEO and board members and its management .

"The issue is not with Vishal Sikka, but with the quality of governance at the board. It has slipped," said NR Narayana Murthy , cofounder and first chairman of Infosys. Murthy, along with his family, is the single largest individual shareholder -3.44% -in the company .There has been intense speculation that the founders are at odds with the company's board and have red flagged governance concerns over the past year. Is it normal at Infosys to accept 12 months as severance pay , when the norm for all others is three months?' It is the work of the chair of the remunerations committee to do that. When CFO Rajiv Bansal left, should he have got 30 months' severance pay? That is 10 times the norm at Infosys. What is the real reason behind such an extraordinary payment?" Bansal, incidentally, left Ola, which he had joined after quitting Infosys last year. He was concerned at the impact of such payouts on employee morale at Infosys. Murthy said: "What kind of signal does this send to employees ?So many employees at senior, middle and junior levels at Infosys are unhappy . I've received over 1,800 emails from various employees expressing their unhappiness at this situation. The common question they have all asked me is: `If it is fair that they got only 80% of the variable part of compensation, while somebody who has left the company is given 100% variable for the next two years after leaving.' These are a subset of the governance issues."

The market rate for freelancers depends on the specific industry. Freelance writers for instance will calculate their hourly rates based on words typed per hour.To get a better understanding of your industry wage, you can check out theby GoogalingFreelance Income Reports 2016 on internet .  It is reported that few market research reportsrecently surveyed over 23,000 freelancers from numerous industries to determine average hourly wages. While the worldwide average hourly rate charged by freelancers is $21, the rate per industry varies heavily. Freelance web designers earn an average hourly wage of $23 per hour, for example, while language translators earn approximately $17 per hour. It roughly translates Indian rupees 1500/- per hour .Competitors' rates shouldn't necessarily dictate your own; however, understanding the average hourly rates of other freelancers with similar skills, education and experience will ensure that you aren't pricing yourself out of your market (either by charging too much, or too little).Freelancing opportunities are growing rapidly across many industries. Finding work is perhaps single most the toughest part for a freelancer. He has to knock on many doors and spend time, money and energy trying to get work. You can grab freelancing assignments not only in your city or in India but literally in any corner of the world. According to one report , every third user of is from India.The US-based website helps freelancers get assignments and takes a cut when the deal is done . It's a trend that is slowly catching on. A growing number of professionals is junking regular employment to try their hands at freelancing. They are driven by the dream to be independent and work on theirown terms without the straitjacket of a 9-to-5 job. To be fair, freelancing does unshackle the individual from the tyranny of corporate hierarchy. The jobs are everywhere. What you need to do is find the niche that matches your expertise. "Don't go by just the current demand, but also assess how it will shape up in the coming years.It pays to keep yourself abreast of the latest developments in your chosen field. The websites giving freelancing jobs need to be properly researched,,,,,,, are few of them . However, do conduct a background check before you deal with these websites. Ask other freelancers about their experiences and other details. Social media sites like LinkedIn and Facebook have changed the definition of networking. Apart from the money factor, freelancing takes away a lot of your free time. For clients, a freelancer is a vendor they can call 24x7. Don't be surprised if you get calls at 8 am or 9 pm from a client. This is especially true if he is based abroad and is on a different time zone. "If you are working on a project with tight deadlines, you may have to forget your weekends,". For starters, there is no stability of income as in a regular job. As they say, you have to dig a well every day to drink water. You can never be sure about the next project. For those saddled with financial responsibilities, it can lead to a sticky situation if there is a long dry spell on the work front. The other problem is that when you start out, you cannot quote very high rates.