Mahindra Satyam plans to hire 2,000 freshers in 2013-14

K. . V Kurmanath Hyderabad | Updated on May 28, 2013 Published on May 28, 2013

To spend Rs 500 crore to add 1,000-1,500 seats

Mahindra Satyam is planning to hire about 2,000 freshers for the financial year 2013-14.

“Beyond that, we will decide depending on the business needs. We are not doing any fresher hiring in this quarter because we had made certain offers. However, we are going in for certain B.Scs whose hiring is currently on,” a senior executive of the company has said.

The company has almost put a cap on the traditional campus hirings to take freshers in large numbers. It has begun just-in-time hiring depending on the projects on hand.

Mahindra Satyam’s Chief Operating Officer Rakesh Soni told analysts recently after announcing the fourth quarter results that the headcount had come down by a couple of percentage points compared with the preceding quarter.

“We have seen a slight dip in the percentage of the people who are there in this particular band of 0-3 years. It happened because some of them moved on to the next band in the current quarter. But we expect that this will improve with the intake of freshers. It is going to happen in the next quarter,” he said.

Rakesh Soni has been given the additional charge of Human Resources after T. Hari is made the Head of Business and Technology Consulting. Hari, however, retains the responsibility of Chief Marketing Officer.

The company employs 36,067 people as of March 31, 2013, a net addition of 2,714 when compared to the same period last year. But it is down by about 1,000 when compared to the figure in quarter ended December 31, 2012.

The company is going to increase its investments on capacity expansion. “We spent Rs 122 crore in the quarter (fourth quarter) and added 500 seats. We are planning to spend Rs 500 crore this year to build 1,000-1,500 seats,” Vasanth Krishnan, Chief Financial Officer, said, replying to a query from an analyst.

Published on May 28, 2013
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