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Satyam to hire 15,000 people this fiscal

Country's fourth largest software firm Satyam Computers says they have already given guidance for the year in terms of revenue and recruitments and will recruit 14,000-15,000 people this year.

business Updated: Oct 12, 2008 16:23 IST

Country's fourth largest software firm Satyam Computers has said it has no plans to recast its recruitment targets, despite a financial crisis in one of its key markets - the US.

"We have already given guidance for the year, in terms of revenue and recruitments. We will recruit 14,000-15,000 people this year," Satyam Computers Chairman Ramalingam Raju told PTI.

However, he added that the company may postpone some of the new recruitments for the next quarter.

Last year, the company had recruited 18,000 employees.

But on the net basis, taking into consideration the attrition of 12.5 per cent and people being put under the performance watch, the intake could be around 8,000, he said.

Satyam currently has over 53,000 employees on its rolls.

He denied any move of the company to sack people. "It (the report of Satyam firing 5,000 people) is misreported. As part of our appraisal process we identify around five per cent of our associates in the performance improvement category. Every year about five per cent of our employees leave the organisation as they fail to meet the performance expectations."

On salary trends he added that across the globe the salaries have been lower due to the slowdown.

"This year the remuneration packages have been some sort of lower than last year. If I am not mistaken we have given 17-18 per cent hike to our offsite associates and 16 per cent to our onsite associates. This time we have given 12 per cent offsite, about 5 per cent onsite," he added.