Satyam Computer to retain recruitment rateAugust 12th, 2008 - 8:20 pm ICT by IANS
Chennai, Aug 12 (IANS) Satyam Computer Services Ltd said Tuesday that it will retain its last year’s recruitment rate this year also, a significant move at a time when many global IT companies are planning layoffs. “The (economic) slowdown is not as bad as it is made out to be. We are still talking about double digit growth. We will be hiring around 15,000 people this year against 16,600 last year,” S.V. Krishnan, global head-human resources, told reporters here.
He said around 65 percent of the new recruits will be freshers out of whom around 800 will be management graduates and the rest engineers.
“We have given offer letters to around 6,500 fresh graduates who are expected to join shortly,” he added.
The fresh graduates, who have received Satyam’s offer letter, would join the company by the end of this year, Krishnan said.
He added that unlike other IT companies, Satyam did not have any layoff plans.
About the attrition rate in Satyam, he said: “For the last nine quarters, we have declining attrition rates. Last year, it was 13 percent and this year, on annualised basis, the attrition rate is around 12 percent.”
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