Non-Service Stipend Contract Agreement: Fill & Download for Free

There are private health insurance companies who will fund, among other things:Elective cosmetic procedures not covered by the NHS. Example: a rhinoplasty (nose job) would be covered by the NHS to correct an injury, or if the shape of the nose was causing significant physical or psychological symptoms as assessed by a specialist, but not a procedure which is purely based on cosmetic preference)Non-urgent procedures which may be covered by the NHS, but the clinical criteria either do not qualify that patient for NHS treatment or puts them low down the waiting list for that procedure. Example: when my wisdom teeth started growing in crooked, I would have been bottom of the list for an NHS-funded extraction because I did not yet have any adverse symptoms such as discomfort or infection, but a private hospital was happy to do it much earlier as a preventative measure - for a price of course. Private hospitals are also normally much more flexible about treatment times for appointments.Providing extra creature comforts (individual rooms, better hospitality service etc) for patients who are undergoing NHS treatment - many NHS hospitals have a private ward on the same site where private patients stay but receive treatment in the main hospital. Note that the actual treatment is likely to be delivered by the same team, but the patient has a slightly more comfy life on the ward.Other sundry services (e.g. if a person is being treated as an NHS inpatient, private health insurance sometimes provides the patient with a daily stipend for the time they spend in hospital to top up any sick pay they may be receiving from their employer).The really useful thing about having universal, free-at-point-of-use (FAPOU) healthcare alongside private insurance - aside from ensuring that every citizen has access to the care they need - is that it provides a hard counter to arbitrary pricing in the private sector. Conventional free-market economics are founded on the idea of two informed parties coming to an agreement, with both parties able to decline the contract if they’re not happy with the terms. This breaks down when it comes to healthcare because a) most laypeople do not have the medical training to assess whether they need a given treatment, and b) someone who has a life-threatening condition can’t freely choose not to get treatment (assuming a rational actor who values their continued existence). Therefore, some kind of check is required to prevent one party from simply dictating terms to the other. The existence of the NHS removes the coercive (“pay me or you will probably die”) aspect of the transaction, but allows the market to compete on services which are not life- or health-critical such as quality of wards, hospitality, and faster access to non-urgent procedures.For example, if there was no option of a FAPOU ward and I had a life-threatening condition requiring inpatient treatment, a private provider could charge whatever they like up to my net worth plus my credit limit - because if I don’t take their deal, I will probably die. With FAPOU healthcare, private providers actually have an incentive to provide value for money on the services they provide.

Wages are lower but that is a unidimensional analysis. The overall cost of a family living well is, in most cases, lower in France at the end of the year, and the quality of life is considered so good by average Frenchman that they forgo the possibility of higher nominal wages elsewhere in most cases.I. Real-life calculation of the cost of equivalent services and quality of life. Let’s go through each major expenditure calculation.Accommodation - Paris as the most expensive location in France, but accommodation is 3 to 6 times cheaper elsewhere.Cost of 1-bedroom rental in centre (Numbeo)Biggest city: Paris vs NYC $1335 // $3150Middle size city: Lyon vs Philadelphia $775 // $1550Higher education. Apart from private business schools, education in France is public, excellent and very inexpensive. In the US, even a State (public) university would cost at least $10k-$35k per annum in tuition (depends on the university and then the tiered fees concerning the student’s State of residence and choice of subject); private universities can be $40–80k per annum. Most Americans end up with student debt that take decades to pay off from $50k-$500k!MD. In France, medical school tuition: The education system is much more focused in the French secondary curriculum, ending with a “baccalauréat”. It is not academically very competitive to get into 1st year medical courses; however, the screening occurs afterwards, when perhaps 90% fail the elimination exams that are subject to numerus clausus. In other words, if there are 100 slots for year 2, only the top 100 best performing students would be accepted; there is no absolute “passing grade”. For that reason, some “bacheliers” (those with the end secondary education diploma) attend “cours préparatifs” or pre-University courses to get into the toughest schools from 2nd year medical school, to Grande Ecoles, a parallel, highly meritocratic system establish by Napoleon.France medical tuition is about $1,100 per year, and there is no need for a BSc. In theory, a French student could get an MD for under $10k tuition in total.MD, in the US, the fees vary by type of school, the residence for public schools, and, in the private sector, by the availability of subsidies, scholarships. One also has a minimum of 7–10 years, since a BSc is required before medical school.US State (public) school for in-State residents $35k per year;US Private about $60–85k per annum.JD Degree : France $500 vs USA Public $17k vs USA Private $35k per annum.Urban transport. Most urban areas in France are compact with pedestrian-compliant layouts, have excellent urban transport and so car ownership is unnecessary in many situations. In the US, even a modest car would cost about $8.5k per year to own, insure, maintain, fuel and associated tolls/parking.Greater Paris yearly transport Pass : $815 (Forfait Navigo Annuel 5 zones - RATP)Metropolitan NYC 30-day Metrocard: $121, so annually $1,452Average annual cost of car ownership USA: $8,500 (Nerdwallet)Healthcare. In the US, unless it is a perk of employment, it would be about 9% of gross income AND subject to limits, exclusions and gaps. A single 55 year old can easily spend at least $10k per year JUST for premium in the US; heaven help him if he were to get a devastating, chronic illness (Breaking Bad is quintessentially American a phenomenon; in France, cancer care is fully assumed by the State.)France: Average annual cost $5,500 (indirect via taxes; direct via optional - but chosen by 87% of French - add-on private, usually non-profit, insurance)USA: Average annual cost (premium + out of pocket + public insurance like Medicare + public funding of “free” clinics and emergencies) $10k (CNBC)Retirement care. In the US, you have to take care of this yourself unless you are a public servant or a company employee that will have a solvent pension fund when you retire. In France, pension funds are largely handled by independent third-party organizations and decoupled from the solvency of former employers.Senior Community: France $600 monthly rent vs USA Avg month of private ALF $3700; however, I am told that the figure for France is now higher.Long-term Care: France (EHPAD) vs USA (Nursing Home) $1,135 // $5.8–12.5kAvailability of a social benefits net throughout life. Benefits for maternity leave, child care, unemployment etc. are much more comprehensive and longer in France and not subject to budgetary crises with each political mandate. Even the long-term unemployed are provided a living stipend and free healthcare!Wages per hour worked.In France, 47 weeks a year x 35 hours per week => 1,645 hours annually; In the US, 50 weeks a year x 40 hours per week => 2,000 hours. In addition, many employees are accorded a “13th month”, a bonus equal to one month’s nominal salaryThus, to calculate the per hour wage equivalency from an annual wage figure: [French annual wage] + 21.6% = [equivalent US annual wage].$40k French annual wage = $52.7k US annual wage, based hourly wage and a 13th month bonus to salaried French employees.A more in-depth calculation would take into accountpublic holidays (France > US) ++paid leaves of absence [France > in the US). ++++income tax and sales tax (France > USA) ——Housing tax and common expenses in multi-family buildings;In France, the occupant (lessee, friend or owner) pays for a) housing tax (taxe d’habitation) for living in the housing and associated municipal services and b) also a monthly service fee (charges communes) for upkeep to the provider in a multi-family building; this means that rental agreements are longer with indexed increases only but the Taxe d’Habitation and “Charges mensuelles” vary for which the occupant is responsible.In the US, the renter only pays the rental charge, while the owner pays “property tax” and the common “monthly maintenance fee” in a multi-family building, both of which are subject to wide variation from year to year; for that reason, rental contracts are usually at most 1 year and a renegotiation occurs every year; it’s a monumental waste of everyone’s time.II. Quantitative cost-benefit calculation, the average employee with family would likely be out ahead in France. So, while the gross wages of a French job is less nominally than for an equivalent American posting, at the end of the day, you end up with more free time and possibly more disposable income, especially if you have a family, and your pension is not subject to the vagaries of a company that may go belly up or even reduce pension payout. If you are an average wage earner with a family, or if you have a chronic or devastating illness, your financial life is much less stressful and predictable in France than in the US.III. Qualitative Assessment of aspects of life in France.Things just work in France (except during the pre-summer strikes) and infrastructure is excellent with a government civil service that has 25 year planning cycles; even Japanese come to France to learn of this process!The urban environment is excellent in most parts of France with laws to preserve and maintain historic buildings; urban embellishment includes Paris’ own nursery so that flowers are in all green spaces as soon as spring arrives..Vastly varied countries are hours away by train or car.Food (OMG!) is superb. Farmers’ type markets are the norm. Good wine can be very cheap (€5 a bottle at an estate!) Real champagne starting as low as €13 (the one from Champagne region with ordered lines of fine bubbles rising in the glass vs other sparkling wine made in “méthode Champenoise” that fizz like pop/soda and taste like nail polish mixed with grape juice, guaranteeing a nasty headache).Security is usually not an issue save for spectacular isolated acts.The cultural, architectural and natural attractions of France are astonishing, ubiquitous and profound.Privacy is sacrosanct in France. It’s refreshing not to feel compelled to tolerate “group think” (i.e. irrational strong opinions shared by Joes or Jennies Average). No one cares what you do at home, as long as you are a good neighbor. They don’t pry. They don’t understand the concept of “sex scandal”; Paris Match was pilloried when they published photos of Pr. Mitterand’s adult daughter by a mistress. They even have unmarried ex-Presidents with parallel families, sequential partners.People actually tend to have independent thought, and conversations at best are enjoyable art forms. This could be their culture but it is reinforced by making Philosophy a compulsory high school subject. Every teenager is taught to deal with an issue through observation, gathering of relevant data, weighing different viewpoints and then drawing a conclusion that they have to defend! My god! What do French teenagers think of some leaders across the Pond?The climate is temperate (It almost never goes below freezing for extended periods in most locations and you don’t often need air-conditioning for more than a few weeks in summer).Lastly, with 5 weeks of statutory paid vacation per year, plus all the national holidays, your family and private life is given priority compared to the maximum of 2 weeks in the US, for example.Final ThoughtsIn some ways, French wages are lower as the financial/well-being risks are also lower.In France, it is unheard of that a family is bankrupted by a serious, chronic illness or long-term unemployment. In the US, one almost has to have a “reserve savings” for such an eventuality and many are devastated if they aren’t well insured or wealthy.In France, pensions, even for company employees, are managed by autonomous quasi-governmental pension funds, the solvency of which is decoupled from the future of the private employers. In the US, for example in the car industry, many retirees have had their pensions reduced or disappear when the former employers go bankrupt.In the US, if one has children, one has to plan decades ahead to finance their higher education (“college”) that would be annually, at a minimum, some US$10–35k tuition, plus living expenses. Some private universities would cost over $80k in tuition. Medical education can mean $500k of debt after 4–5 years in a private medical school like Harvard or Stanford!In France, if one is unemployed, benefits buffer those affected from the extreme pressures that Americans face.The French system is designed to be best for the majority of its citizens, on average. The US system is not “designed” but runs under a mish-mash of philosophies that vary from place to place; it makes managing one’s finances and well-being much more complex and risky.However, the US has a much more dynamic capital economy and, for the successful entrepreneur, the business environment and monetary rewards are far more than one could expect in France.

Hi,I am WASE 7th semester student and I won’t recommend everyone to join this program. Before going to the topic, first understand why Wipro, TCS offers such a program?These companies are a service-based company, who has mostly clients from all over the world and these clients are divided into different domains. For bank and finance companies (insurance ) they call the domain as financial service. For energy and resource, it is called as ENU. Mostly they have big clients like banks (most clients are from outside India)which has an old system. It is difficult and costly for those clients to manage such an old and large customer -base system to manage by their own development team. So they look for cheap resources from India(since India's population is very high). What Wipro, they higher college freshers in mass volume and ask them to support such a project. Most of the projects to maintain such an application. Very few projects or applications are built on the latest technology.Why Wipro hires in mass volume: So by providing such resources like college passed out(B.Sc, BCA students) Wipro charges a great number from their clients. The amount charged is per hour and paid in Doller, pound, euro-based on client location. So for example you are working on the UK (United Kingdom) based project. Wipro may charge 100pund per day for, so you will work for them 20 days, 20*100=2000 pound, by converting into rupees 1,95,762.97. In the first, you will get a stipend of 13500 per month. So in a month, you will generate a profit of 182262.97 for the company.Now in service-based companies, the software development project always works based on the number of resources working per projet * number of hours. So if the project doesn’t need a team of 20 members and can be managed by 10 skilled people also, Wipro won’t do that. They will try to increase the number of resources. they hire freshers who don’t have much knowledge and tagged them into such projects. In the whole team, 3,4 experienced people will there and rest WASE/ VISTA followed by the first year to the fourth year. Based on your experience your manager will ask you to do. There are hardly any pure development projects, mostly support, and testing projects and you are not required to write any code for your daily task. Just to go office, do 1 or 2 hours work and waste the rest of the time. I got a nice project where I got a lot of work as a manual tester, but very few chances to write code. Though I have done development on my own application to provide value add. Most of the frameworks are very old, they don’t even hear much about new technologies.Once you entered into this program, first two years you are not asked to do a lot of work and your early rating doesn’t even matter. Just go office and chill out. So mostly first two years of your career wasted(you maybe sit on the bench or a free pool for 6 months), so basically you won’t learn any skills or technology until you are lucky enough to tag a project that happens only 1% from the total hiring. You can push your manager, asks to relocate a development asks for release, but it won’t work always, with this option you may end up losing 6 months of time in a free pool.Still, your salary is 17000 and you may have to live in cities like Pune, Bangalore, Kolkata. Expenses to effort a good life in such cities: You will rent a flat or stay on PG. A decent pg charges 8k to 7k for three sharing with food. Renting a 1BHK flat in a decent area cost 15k to 20k. So most of the people go for PG. You won’t like the PG food and you will get nice friends, so you will end up eating food outside. which cost you 4k. Since you will have enough time you will go watch a movie, then small trip, the by flight you will go home and shopping, weekend parties, trust me you will end up with zero savings until you don’t go out and stays on your room all the time.After joining this program by next year March or April your classes will be started. At Wipro, you have to maintain 8 hours inside the office (excluding lunch break, tea break). If you don’t work also, you need to stay inside the office, some of the ODC doesn’t allow you to use phones inside, since your client may be a bank where you have to maintain data privacy. After going 5 days to the office, Saturday you need to go to attend classes which are from 9 am to 6 pm. Each class will be a 2hour lecture. The selected candidate will join the company batch-wise. Some of them in June, some of them September and some of them December. So for example, you are 2020 passed out, and you joined September 2020, your classes will start in April 2021 once all the candidates joined. Nowadays they ask to sign an agreement of 5years, earlier than 4 years. So by your post-graduation, you will end up working 4 6months, sometime 4year 8 months. Ideally, you are supposed to complete the course by 4years, here you will end up losing. extra 6 months.Now come to the content of your M. TECH course. It sounds so nice right, M TECH from bits Pilani, but the truth is general M. Tech course takes only 2 years. You have to pay extra 2 years+ of your career to get it. The course content is very old. By your 7th semester, you will get to learn about cloud computing, BITS Pilani designed the course in such a way after post-graduation also you may generates benefits for WIPRO. It has content for all old software development processes, it will teach about manager role, SDLC, everything. But IT is very unstable. The content is valid for the last 10 years, now it is completely changed. Since, WIPRO, TCS follows an old methodology to develop an application they want you to learn those only. But companies, like, GOOGLe, Amazon Microsoft doesn’t follow these methods. So some companies don’t accept your degree. When you try to switch the company, they may ask you shall I consider your degree or your 4 years experience.So by your 4th year or 5th year, you will complete your M.TECH and you will be offered a salary of 5.25L, 5.50L, and 5.75 L along with a joining bonus of 1.25L, 1.50L, and 1.75L which will be added to your salary by 6th year. This bonus is called a retention bonus. If you leave the company by 5th year you have to return it to the company. Now, why Wipro give such a bonus ? Compare to the outside companies, you are having 4 years of experience and have an M TECh degree, if you are managed to get another offer your salary may rise up to 18L per year based on your skillset. Now here is come most important, what did you learn in the last 4 years, what is your experience about? So it is really important to invest your first two years of career in a good project. If you didn’t learn basic coding and data structure algorithm you may end up with a salary of 5.25L. Suppose you joined Wipro at your age 22 by your M Tech you will 26 and now your parents ask you to get married or maybe other family responsibilities will come to your head(most of the students belong to an Indian Middle-class family). After deducting tax, your monthly salary will be around 35k for the lowest package, and for highest it is 40k. They deduct some every month a varial and pay quarterly. So in the quarter month, your salary will be 60k. Since you are working in cities like Bangalore, Pune your expenses will increase. Now you will move to a flat since three sharing is not good to stay. Your living style will develop, so everything will be new. And again you will end up will very little savings. you even can’t effort your own marriage expense by your 5th career year.IT is known for its paying. So an average product based company pays a fresher from 5L to 12L at the first year in Bangalore. If you get a job offer from top companies and a good startup your salary may be up to 40L in 4 years of experience. I have a lot of friends who get paid such a large amount. To buy a flat at your age 35 you will need at least 80L to 1 crore on average in Bengaluru. so with a salary of 35k to 40k, it is not possible to age 35 you will have to send your children to a good school and again you will end up being middle class. Now Wipro has another option Onsite. So as a WASE or Vista if you complete 5 years, you are eligible to work from client location where you will get paid in the pound. So for the UK, you will get 43000 pounds per year which is around 41,97,204.20. With the expenses(Uk is very expensive) and if you don’t do traveling Europe a not party person you can end up saving 12L-15L per year. Which is not enough to buy your dream house in Bengaluru, you may buy a decent car. But not all get a chance to travel onsite. If you are very good at coding or the technology or you have a very good domain knowledge or you create a great dependency on you for the project, if you work a lot for Wipro with very less salary, if your relationship with your manager is good and cunning enough to fool others. That is again around 2% of total WASE/Vista joiners. But at least 3 years you need to stay onsite and your lifestyle should not be very expensive to get good savingsNow if you join a product based company by 7 years experience you will a solution architect or a manager with a minimum salary of 45L and you may travel two-four times outside India with good savings and you may promote yourself to upper-middle class. But it comes with a cost of great knowledge of technology. such companies hire IITian or Nitian As freshers, not BCA or B. SC graduate. So what can you do? So if you belong to tier three cities a lot of good companies won’t come to your college to hire you. Wipro TCs may come and hires you. Join WASE / Vista and once you move to cities like Bengaluru tries the first two years to switch to other companies (small companies will hire you). Get a good knowledge of coding from small companies and now switch to companies like amazon, google, Microsoft. At that time your degree doesn’t matter and by 6th year your salary will be around 30 L after the two-three switch. If you want a chilled life go for Microsoft Goldman Sachs Jp morgan etc. If you want to work hard and want good technical work, go to Amazon, Google.Another option, if you are able to get a chance to do MCA from NIT or JNU or any state college goes for it and if your placement was not that good, try offline with good companies. Offline you may get an offer of 5L to 7L.Some points keep in mind, the stipend structure of Wipro is very old, So from the last fifteen years they offer the same, but your expenses are not the same(the price of goods increases every year. So it is not fair to work for such a low stipend. Due to COVID-19 Wipro, TCS returns its employees from onsite. So if a recession comes, it may badly affect your career if you only want to go onsite to save money. Now Wipro doesn’t offer MAS medical claim which 15k per year. They stopped shift allowance(If you work in the afternoon or night shift you would get 6k to 8k extra money). This year they deducted hikes, (every year salary increase), 50 % of your QPLC(quarter salary)So at some point with WASE/Vista option you may be very frustrated as you would have to work a lot, that too may be non-technical and your salary also not increased. Due to the poor selection you made, may end up as a middle-class average worker with a lot of pressure. Once your experience goes, they would start expecting a lot from you. You have to work a lot, apart from it you to upskill. If you don’t do good they may ask you to leave. And after a certain age, you won’t have the energy inside you to learn a lot.So if you are graduate student from a decent city, join the course but leave by 1st year,( one point Wipro can’t file a case if you don’t return penalty amount, as by Law in India no one can keep you contracted. Maximum, they will blacklist you for further job opposites inside the company. If you worry you can pay a penalty which around 60k to 75k. ) If you want to complete the degree, make sure you study by yourself, there are a lot of websites which helps to learn new technologies and data algorithms.If your parents are rich, you have another career option(family business) and you only need the degree, it is the best option for you. If you want the best IT career with a fat salary or you want to settle in foreign, but your family can’t support your higher study, join it, upgrade yourself and move to another company. If you want to be technically expert go for higher study or try online other companies. You may get a chance of an internship and later job offer.