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iGate-Patni, the combined entity after the merger of iGate and Patni Computer Systems, will recruit 7,400 employees in the financial year 2011-12, and indicated that it will be aggressive in hiring from next year.
“We are going to honour 5,400 offer letters made by both sides this financial year. Besides, we are going to make another 2,000 offers by the year-end. We have been busy with the integration process this year.
“We will be far more aggressive (in recruitment) from next year. We have introduced a new recruitment system and compensation package,” Mr Srinivas Kandula, Global Head (Human Resources) of iGate-Patni, told Business Line here.
The combined entity has a workforce of over 26,000 employees, with 16,400 from Patni and the rest from iGate. “After completing the phase of stability, we are focussing on curtailing attrition from Patni. In the last few months, attrition rate there came down to 20.20 per cent at present against 25 per cent prior to the acquisition. Our aim is to bring it down further to 14-15 per cent,” he said.
iGate's attrition rate was put at 11-12 per cent. “Given the market conditions, it is difficult to bring down Patni's attrition rate to iGate's level. But bringing it to 14-15 per cent is a possibility in the next three-four quarters,” he said.
Discounting reports that there was exodus from Patni after the acquisition, he said 95 per cent of employees in operations and at middle-level were happy because there were more opportunities for career growth, more customers to work with and more locations to move around. “Only about 35 people at senior level felt a sense of uncertainty and insecurity till we settled down,” he said.
Beyond the nine people for whom the management prepared a severance package, only two top leaders – one in Delivery and the other in Sales – chose to quit.
Common appraisal
“Even before other companies started their appraisals, we have completed the process as early as April while the acquisition process was still in progress. On an average, we gave a hike of 12 per cent. We have brought in a common appraisal system for employees of both companies as we unified grades,” he said.
He said the company did not want to defer this process till the acquisition was completed.
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