Mahindra Satyam is expected to offer pay hikes and bonus from January. The Hyderabad-based IT services provider, which is in the process of reinstating its accounts, had concluded its annual appraisals in December.
Staff in the S and T bands got pay hikes whereas employees of other higher levels like BI and I were offered associate stock option plans and promotions, according to an official who did not wish to be identified.
The increments ranged between 5% and 20% based on performance for the S band of employees where as T band employees were given 6-7% across-the-board hike.
The S band employees belong to the junior level while the T band people has over two years’ experience.
This apart, the company is said to have offered bonus of 20% of salary to staff across all levels of around 20%. The bonus will be paid at the end of this month.
“We strongly feel that hikes should help bridge some of the concerns and expectations and we have launched quite a few non-monetary and career development initiatives to enrich skills and competencies of our associates. The reinstatement of performance related variable pay along with the salary corrections across levels, has given the necessary confidence to our associates,” said Mukund Menon, head of business HR relations worldwide, Mahindra Satyam.
Employees whom ET spoke to across the bands said it’s getting challenging for the company since there were many exits which was affecting existing business.
However, the company, on its part, is engaged in hiring fresh graduates and also calling back employees from the virtual pool, as attrition seems to be a concern.
Monday, January 25, 2010
IT market, Wipro
Wipro to cut jobs in Finland
Wipro Ltd, India's No. 3 software exporter, said that it is planning to restructure some part of its Finland operations and the move could impact a maximum of 85 people.
The company's IT unit, which employs 300 people in Finland, will start a consultation process with the staff representatives as part of the restructuring of its telecom research and development operations there.
"After carefully considering all possible options, the company has decided to enter into a negotiation process with the employees given the challenging industry situation in telecom R&D," it said in a statement.
The company's IT unit, which employs 300 people in Finland, will start a consultation process with the staff representatives as part of the restructuring of its telecom research and development operations there.
"After carefully considering all possible options, the company has decided to enter into a negotiation process with the employees given the challenging industry situation in telecom R&D," it said in a statement.
Monday, January 4, 2010
Infosys, new openings
Infy’s Orissa project to create 5,000 jobs
IT major Infosys would soon set up its second project in Orissa at an investment of Rs 300 crore, official sources said. Infosys's plan for the state was announced by its director (human resource) TV Mohandas Pai after meeting the chief minister Naveen Patnaik here last evening.
While as many as 3,000 IT professionals were now busy working at the first Infosys project in the state, he said about 5,000 workers would get placement in its second project.
The second project would come up at IT valley on the side of the National Highway No-5 between the state capital and Khurda town.
Work on the second project would start soon, Pai said. The state government had agreed to provide required water and power to the second project.
The IT major was presently exporting software products worth Rs 850 crore per annum from its existing project in the state, he said.
Pai and Patnaik also discussed on mid-day-meal (MDM) project of Akshya Patra, presently being given to 61,000 students in Puri and Nayagarh district. The number of beneficiaries of the MDM programme was targetted to touch 2.5 lakh in next two years, they said.
While as many as 3,000 IT professionals were now busy working at the first Infosys project in the state, he said about 5,000 workers would get placement in its second project.
The second project would come up at IT valley on the side of the National Highway No-5 between the state capital and Khurda town.
Work on the second project would start soon, Pai said. The state government had agreed to provide required water and power to the second project.
The IT major was presently exporting software products worth Rs 850 crore per annum from its existing project in the state, he said.
Pai and Patnaik also discussed on mid-day-meal (MDM) project of Akshya Patra, presently being given to 61,000 students in Puri and Nayagarh district. The number of beneficiaries of the MDM programme was targetted to touch 2.5 lakh in next two years, they said.
IBM, New Deals
IBM wins 10-year IT deal with Gujarat bank
IT major IBM India has signed a 10-year information technology (IT) services agreement with Sardar Bhiladwala Pardi People's Cooperative Bank in Gujarat, the company said Monday.
'The operational expenditure in the pay-as-you-use model will enable the leading cooperative bank to save up to 50 percent in its capex (capital expenditure) on IT infrastructure,' IBM said in a statement.
As part of the deal, IBM India will provide the 80-year-old bank managed continuity services comprising server management, network and security management and back-up and database management.
'The operational expenditure in the pay-as-you-use model will enable the leading cooperative bank to save up to 50 percent in its capex (capital expenditure) on IT infrastructure,' IBM said in a statement.
As part of the deal, IBM India will provide the 80-year-old bank managed continuity services comprising server management, network and security management and back-up and database management.
HCL, New Deals
HCL Info bags Rs 110 crore order from Gujarat government
HCL Infosystems today said it has bagged an order worth Rs 110 crore from the Gujarat government to supply and implement biometric attendance and computer aided learning systems in over 7,000 schools across the state.
Under the scope of the contract, HCL will supply personal computers (PCs) with biometric finger print scanner and UPS to over 7,000 schools in the state, HCL Infosystem said in a statement.
HCL Infosystems, which makes, telecommunication and security equipment would also implement the biometric-based attendance system, offer facility management and run teacher training programmes, it added.
Out of the total schools to be covered, over 1,000 schools are under the Tribal Department and 6,000 under the Education Department.
Under the scope of the contract, HCL will supply personal computers (PCs) with biometric finger print scanner and UPS to over 7,000 schools in the state, HCL Infosystem said in a statement.
HCL Infosystems, which makes, telecommunication and security equipment would also implement the biometric-based attendance system, offer facility management and run teacher training programmes, it added.
Out of the total schools to be covered, over 1,000 schools are under the Tribal Department and 6,000 under the Education Department.
cognizant, CTS, H1-B, IT market
Information technology: The wonder decade
What started as an industry riding the demand from global customers seeking to make their IT and business systems Y2K compliant is today almost a $60-billion industry, contributing nearly 4% to India’s GDP.
Source: EconomicTimes
-1999 - The biggest inflection point was the role Indian companies played in combating the so-called millennium bug. TCS, Wipro and others become trusted partners for companies worldwide seeking to achieve Y2K compliance
-Infosys achieves $100 million in revenues, lists on Nasdaq. India’s outsourcing industry grows to $4 billion 2000-2001 - Indian IT industry moves from Y2K to complex e-business projects
-Dewang Mehta, who helped Indian IT industry grow in its early years, dies. Kiran Karnik takes over as Nasscom head
-US increases H1B visa limit to 1,95,000, the highest ever
-Wipro lists on NYSE
-2002-2003 - NR Narayana Murthy steps down from Infosys and Nandan Nilekani takes over
-Post the dotcom bust, companies such as DSQ Software, Pentafour and Silverline perish
-2004-2005 - TCS lists on BSE
-Large customers start offshoring ERP-based projects. Infosys becomes a $1-billion company, Wipro too crosses $1 billion in revenues
-GE sells 60% in GECIS — the back office pioneer — to private equity firms. The Indian BPO industry starts growing rapidly
-IBM, Accenture and HP start developing their Indian offshore presence to make them their largest operations outside the US
-2006-2007 - Indian IT becomes a $31-billion industry
-Protectionism in top export markets forces Indian IT companies to start hiring locals
-2008-2009 - Infosys’ revenues cross $4 billion. Nilekani joins the government as chairman of the Unique Identity Authority of India
-HCL acquires UK’s Axon for £441.1 million, the biggest ever acquisition for Indian IT
-Satyam founder Ramalinga Raju admits to over $1-billion fraud. Tech Mahindra acquires Satyam
-TCS’ annual revenues cross $6 billion. N Chandrasekaran takes over from S Ramadorai as chief executive
Source: EconomicTimes
-1999 - The biggest inflection point was the role Indian companies played in combating the so-called millennium bug. TCS, Wipro and others become trusted partners for companies worldwide seeking to achieve Y2K compliance
-Infosys achieves $100 million in revenues, lists on Nasdaq. India’s outsourcing industry grows to $4 billion 2000-2001 - Indian IT industry moves from Y2K to complex e-business projects
-Dewang Mehta, who helped Indian IT industry grow in its early years, dies. Kiran Karnik takes over as Nasscom head
-US increases H1B visa limit to 1,95,000, the highest ever
-Wipro lists on NYSE
-2002-2003 - NR Narayana Murthy steps down from Infosys and Nandan Nilekani takes over
-Post the dotcom bust, companies such as DSQ Software, Pentafour and Silverline perish
-2004-2005 - TCS lists on BSE
-Large customers start offshoring ERP-based projects. Infosys becomes a $1-billion company, Wipro too crosses $1 billion in revenues
-GE sells 60% in GECIS — the back office pioneer — to private equity firms. The Indian BPO industry starts growing rapidly
-IBM, Accenture and HP start developing their Indian offshore presence to make them their largest operations outside the US
-2006-2007 - Indian IT becomes a $31-billion industry
-Protectionism in top export markets forces Indian IT companies to start hiring locals
-2008-2009 - Infosys’ revenues cross $4 billion. Nilekani joins the government as chairman of the Unique Identity Authority of India
-HCL acquires UK’s Axon for £441.1 million, the biggest ever acquisition for Indian IT
-Satyam founder Ramalinga Raju admits to over $1-billion fraud. Tech Mahindra acquires Satyam
-TCS’ annual revenues cross $6 billion. N Chandrasekaran takes over from S Ramadorai as chief executive
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