The Economic Times
Reflecting a rather cautious outlook on business growth, Satyam Computer Services has signalled a slowdown in its recruitment targets. The company, which added 18,000 employees in 2007-08, will see a gross addition of 14,000-15,000 people in 2008-09.
“We will monitor the situation from time-to-time. And if there is a business demand, we will act accordingly,” said Satyam chief financial officer V Srinivas. The company has also kept a tight check on wage inflation over the years and the hikes this fiscal will be moderate. Domestic salary hikes in 2008-09 would be in the 12 percent-14 percent range while onsite will be brought down from 6 percent two years ago to 3 percent-4 percent. For the past two years, the company has been progressively checking wage hikes from 18 percent for offshore employees. Satyam has brought down its attrition in Q4 FY08 to 13.09 percent from 15.7 percent in the same period last year. Its onsite utilisation rates were up at 97.33 percent for Q4 FY08 while its offshore loading rates, including for trainees, showed an uptrend at 81.84 percent. Satyam added 1,122 employees including 679 trainees in Q4, taking its total strength to 45,969.
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