May 02, 2010 01:10 PM
6877 Views
I have been an employee in this company for quite a few years and as such has been able to see the duping policies they take to fool employees and shareholders alike.Just before quaterly profit declaration every year several paper companies are formed by them and shown to the government as loss making organizations where in-fact these do not even exist.Existing divisions sometimes merged with these fictitious organizations. And the overall thing projected again as loss-making. Reliance each year dupes the govt of hundreds of crores of tax money.
Employee policies in Reliance are the worst all over the world.I would advise anybody to work at half the salary elsewhere than join Reliance.Any money/award they give you comes with a bond of min 3 years.This kind of award/money has an option of choosing or not choosing. However, when you choose not to accept. This decision is reflected in your appraisal or performance linked incentive which would be the lowest.In short they force you to accept the money.If you choose to leave before the period you are to pay back entire amount with 12% interest.
Best of luck to whoever wants to join.
