Wednesday, November 25, 2009

FINAL SETTLEMENTS OF MAHINDRA SATYAM

Arindam: - Oho, you have resigned, why?

Shivani: - I was in the Corporate Reserve only. So, naturally, the HR people of Mahindra Satyam have forced me to resign.

Tuhina: - But, you were in the HR department only. I mean, you were in CoRCC only. You were looking after the resource allocations in all the projects under JAVA competency unit.

Shivani: - All the clients are withdrawing their projects. So, in which project will I allocate the resources. Anyway, this forceful resignation is a blessing in disguise for me. Whenever, I used to say to any person that I work in the HR department of Mahindra Satyam, automatically, I felt that those persons are not giving me any respect at all. People are all aware of the fact that the HR people of Mahindra Satyam are indirectly terminating the jobs of many employees.

Rahul: - You have got job in another reputed IT company as an ‘Associate Consultant’. Congrats for that. I am still in virtual pool. My job will get terminated on 18th December 2009. Can you please tell me one thing? Have you got your final settlement processed?

Shivani: - Arrey, yaar, why do you expect that Satyam people are so nice to you? I resigned from Mahindra Satyam in June 2009 and it is now November 2009, I am yet to get my final settlement, especially the PF transfer funds.

Tuhina: - See, we also wrote a mail to Raghu_B regarding this matter. He has sent the .pdf files of Form 19, Form 10C for PF withdrawal, and Form 13 for PF transfer.

Arindam: - But, have you noticed the trick played by Raghu_B? He wrote in that mail that you cannot write the reasons for PF withdrawal as ‘Retrenched from job’ or ‘Getting commission due the Dispute Act 0f 1947’ or ‘There are no provisions of PF in the company where you have recently joined’. Now, if you look at the proper instruction sheet for the PF withdrawal, there it is clearly mentioned that you should provide the exact reason, whichever is applicable, while filing for the PF withdrawal. Now, if you don’t mention ‘Retrenched from job’ and ‘There are no provisions of PF in the company where you have recently joined’, then you are left with only two reasons ‘Retirement from service’ or ‘Mentally and physically handicapped to do any job’. It is quite obvious that you cannot mention the two latter reasons while filing the PF withdrawal, as you are not retiring from your job. On the other hand, if you mention ‘Retrenched from job’, even if your job is terminated from Mahindra Satyam, then this bloody company will block your PF withdrawal. Hence, they will not provide you, your PF money.

Shivani: - Arrey, forget about PF withdrawal, they are not even giving me the PF transfer funds, LTA and medical claims so easily, which I should get as per the final settlement norms of Mahindra Satyam.

Rahul: - Why have you not complained about it to the CFO and to C.P. Gurnani, the MD of Mahindra Satyam?

Shivani: - I have already mailed about it to the CFO. But, it is of no use. Both the MD and CFO are not taking any fruitful steps to clear all the final settlements.

Arindam: - The problem is not with the CFO or C.P.Gurnani. They are doing their jobs well. I know the people of Finance Department very well. When, I was working for GE accounts, even I had some real fights with some finance people. Why Ramalinga Raju’s fraud was a success? The secret lies with the top-notch people in the Finance department only. They are expert in manipulating figures. They will not clear any money so easily. CFO is giving them the pressures, but it is the lower and middle level finance people of Mahindra Satyam who are not performing their duty well. They are intentionally delaying the clearings of final settlements.

Tuhina: - Yeah, these people of Finance department will delay the payments and all other transactions, and for that reason, everyone will start pointing fingers at the HR people only. Many a times, an associate always boasts at the HR managers like us. Arrey, if Finance department is not providing them the money, then what can we do there.

Arindam: - Please don’t mind, Tuhina. But, in Mahindra Satyam, there are three lobbies which are arch-rivals of each other. The Project Delivery Team, the Finance Team, and the HR Team are always fighting with each other like WWF wrestlers and as a result, no one is getting the “FINAL SETTLEMENT OF MAHINDRA SATYAM.”

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