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Our Bureau

Hyderabad, Oct. 17 Though Satyam COmputer added 1,814 employees, including 221 trainees in the second quarter, the global economic slowdown seems to have had a telling effect on its hiring plans for 2008-09.

The company, which had originally planned to recruit 14,000-15,000 staff this financial year, has scaled down the figure and pegged it at 8,000-10,000, indicating a 33-per cent drop in the number.

“About 5,000 of them are already on our board, the balance would be added in the next two quarters,” Mr V. Srinivas, Chief Financial Officer, said at the news conference here on Friday. . However, the company could always “switch gears” to add more, if need be, he said.

Mr B. Ramalinga Raju, Chairman, assured that the company would honour campus recruitment commitments already made.

Reacting to reports on retrenchment of 4,500 employees, he said the reports were baseless even as he said the company removed 250 under the Performance Improvement Plan. “It is based on a systematic performance assessment method to identify the bottom 5 per cent of the staff. They are generally kept on watch,” he said.

It employed 48,434 associates at the end of second quarter as against 41,423 in the comparable quarter last year, with an attrition rate of 12.27 per cent (13.89 per cent). The count, including its subsidiaries, is 52,865 as against 51,127 on March 31, 2008.

While the rate for onsite utilisation slipped to 96 per cent from 97.13 per cent, the figure for offshore utilisation slid to 76 per cent from 81.54 per cent. The domestic rate nosedived to 78.42 per cent from 96.61 per cent . The base for computing offshore and domestic utilisation has been increased to 2,120 hours from 1,884 hours per year for the fiscal ending March 2009.

More Stories on : Human Resources | Software | Satyam Computer Services Ltd

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