Thursday, October 8, 2009

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Best Employer Survey (IT) 2009 by DataQuest

Uncertainties and volatilities in the IT job market have brought out the weaknesses and strengths of companies, creating a level playing field, where big as well as small names are vying for the top spot in the DQ-IDC Best Employers Survey. But for the second year in a row, emerging companies such as RMSI, SAS, Tavant, and iGate grabbed the limelight as they succeeded in challenging the bigger players in terms of employee satisfaction

In the last twelve months, the IT industry has faced a very volatile and uncertain environment with the slowdown becoming an inescapable reality. This has impacted the growth trajectory and the industry has undertaken multiple measures to enhance efficiency, diversify into newer markets, reduce operating costs and reinvent business models. But still the effects will continue to be felt for some time.

In such times when job losses, salary freezes and maniacal focus on operational excellence has become a norm, the role of HR within organizations is undergoing a significant change as well. These developments have also caused major shifts in perception as to which companies can still be categozised as good employers and which cannot. While global MNCs have been the harbingers of great HR practices to India, in the wake of the current slowdown, most of these best practices seem to have gone out the window. On the upside, in a way this has proved to be a level playing field in India, with more number of emerging IT companies quickly going up the learning curve and grabbing a position in the Best Mployers list. And this is precisely what the DQ-IDC Best Employers Survey findings indicateseven new companies among the Top20 names.

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The figures here indicate relative score among Top20, taking the top company score at 100. Hexaware, which has less than half the number of employees (5,296) as that of HCL Infosystems or Patni, showed a remarkable score of 100. The average retention rate in the industry was 85%, a big improvement from 79% in 2008. The main reason for staying back in the organization was flexibility of office hours, work-life balance, job content, and technology. On the other hand, the average attrition came down to 15% from 18% last year. The reasons for attrition continues to be salary and compensation, overseas opportunities and growth/career development


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Rolta India was way ahead of all other companies including HCLI in the HR rankings this year. It climbed another position this year, whereas Synechron that was ranked #3 last year dropped by two positions. HCL and iGate jumped several ranks taking the #2 and #3 positions respectively. Some companies that made it to the Top20 HR rankings, but failed to make it to the overall rankings include Infrasoft Technologies #10, Genpact #15, Accel Frontline #16, Ness Technologies # 20. This was a plain reminder that employees dont always share the same opinion with the company
*The HR score of the selected thirty-four companies was calculated based on various parameters, indexed and weighted on a total score of 100. The parameters used wereTotal Employee Size; Average Tenure (years); Total Average Training; Retention Rate; and Average Salary Hike (%). Scores from the HR survey and the Employee Satisfaction survey, calculated separately, were combined to arrive at a composite score. Companies were then given ranks based on the composite scores
Courtesy:DataQuest

10 comments:

  1. I am glad Infosys didn't figured it out here-it's the worst company in the world.

    ReplyDelete
  2. HSBC - GLT is the worst company i ever worked
    there is retention policy
    emplloyees have to work on week ends and public holidays

    ReplyDelete
  3. Once at In** I asked HR about a policy document which the client asked about talent retention. I*** HR promptly replied we do not have any such policies.

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  4. I think Wipro Infotech is the worst one. As you said, All policies are only in paper. Those never comes out to the employee. No milk even for the crying baby.....

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  5. boss you guys are telling your companies are worst.... you donot about our company..... our company lost cmm3 level certificate in 2004-2005
    Again we struggled lot to get cmmi-3, due to which we lost all projects. We concentrated only on cmmi-3. But we got it ... no projects....
    You must very eagar to know the name of the company... it is called IIC (www.iic.com)

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  6. Wow somebody tells about IIC... what is it mean..?
    Indotronix International Corporation! is it not?

    It is Indotronix Internatinal CHEATERS.

    ReplyDelete
  7. folks - Infoys takes the cake of all worst companies, please go to you tube and search for 'hitlers reaction to failing certification' and 'World HRD Conference + Nandita Gurjar'. you will know what kind of company Infosys is and you will be thankful for your own companies.

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  8. Infosys will top this list from bottom :)

    ReplyDelete
  9. Infosys is not a company but just a chaklaghar

    ReplyDelete
  10. Infy has gone to dogs in this survey.It got what it deserves.

    ReplyDelete

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