Recession is fading out :)

Recession- This term literally shook every employee in the world. Many had a nightmare (including me :P)  about losing their job because of the worst recession that hit the world.I am not fully aware of what the subprime crisis is, who is the mother of the monster, but one thing I know is it had a vandalizing effect .Many of the banks shut down, many companies closed and many acquisitions taken place.
To me it altered the general employee benefits such as transport service, cafeteria and importantly Hikes and Promotions.The companies took up these steps, saying that these are vital steps to withstand the monster which I believe is only a half-truth.Typically companies love to reduce their operating cost by cutting the employee benefits.
After about an year, I am hearing some good news that the recession is fading out. I am still awaiting this positive wave to hit me.Companies are not so active in restoring the benefits as they were in cutting down.
The result is the increased attrition rate :)
Unless the attrition is showed up in your company, it will not bother to provide hikes and promotions and restore the pre-recession conditions.
Infosys has taken up the corrective measures in the wake of increased attrition rate in the company and trying to woo the employees now.I am waiting for my company to recognize it before I switch over to some other company :)

Signing off,

Vish :)