The Hindu Business Line : To quit or not to quit – Satyam employees risk lower salary elsewhere

Mumbai, Jan. 9 ‘To leave or not to leave’, this could be the biggest question in the minds of the 53,000 odd employees at the troubled Satyam Computer Services.

If they decide to move out, they should be prepared to settle for a smaller pay packages, may be up to 20 per cent lower, as fewer new jobs are expected to be there this year due to the current slowdown, say head hunters. And, if they stay with Satyam there will always be nagging worries about their salaries and their future, Satyam employees say.

In the past 48 hours, online job sites and head hunters have postings of about 20,000 resumes of the scam hit company.

“In today’s situation, getting a job itself is very tough for IT professionals. Thus, getting jobs at existing salary is never going to be easy,” said Ms Hema Latha Rajan, Director and co-founder at recruitment or staffing firm Ma Foi Management Consultants Ltd.

The base salary of these employees could remain the same; but very few companies would try and match the cost to company or CTC.

Not only junior to mid-level employees, but also heads of the various business practice heads within the Hyderabad based company are circulating their CVs in the market, said Mr Rohit Ramani, Director-Operations, EmmayHR

“It will be easier for senior people with domain specific knowledge to get absorbed in other companies. Employees without experience and those with skillsets that are available in plenty (such as .NET and Java) will find the going tough,” he said.

Media reports today quoted Mr T.V. Mohandas Pai, member of the Infosys board, as saying that the Bangalore-based company will refrain from hiring employees of Satyam Computer Services.

Companies such as Genpact have also asked its recruiters to refrain poaching from Satyam.

“It is tempting for us to hire from Satyam’s staff. However, we realise that this will cause disruption of another IT major, which we do not approve of. In any case, we never had aggressive hiring targets for this year,” top sources in Genpact said on the condition of anonymity.

Chennai-based Cognizant technology Solutions has said that it will continue to hire experienced professionals if their experience matches Cognizant’s requirements.

“We believe that employees should have free choice of employers and that’s why we do not use employee bonds or service agreements. Our recruiting philosophy is based on business demand,” Mr T Sridhar, Chief People Officer, Cognizant, said.

(With inputs from Moumita Bakshi Chatterjee in New Delhi and K. Bharat Kumar in Chennai)

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