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BW Businessworld

HCL Emerges As Best Employer

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HCL Infosystems, an Indian IT company has emerged as the best employer in an IT survey undertaken by Dataquest with CyberMedia Research (CMR). Mumbai-based Rolta has taken the second spot followed by iGATE-Patni.
The annual IT Best Employer Survey 2011 conducted among a selected sample of 3,337 professionals from a long list of about 200 companies across India reveals SAP Labs, a new entrant, has taken the fourth spot while a Bangalore-based niche player Tavant has emerged as the fifth best employer. Mahindra Satyam's sixth position signals it has moved past the crisis. Tulip Telecom, CapgeminiIndia, Virtusa India, and Nagarro Software take up the remaining positions in the Top 10.
Attrition Is Back
The Dataquest survey finds that companies have started hiring in FY 2010-11. This led to a significant jump in attrition from 13 per cent in 2009-10 to 19 per cent in 2010-11.
"With stability, career development and work-life balance emerging as the main attributes for a job, the outlook towards a job is maturing," said Ibrahim Ahmad, Group Editor, CyberMedia. "The fact that job stability features on top even after the recovery shows that in India, the HR rules have to be very, very different in the long run," he added.
The survey consists of two parts: 1. HR round and one employee satisfaction survey round. In the HR round, companies are given scores based on their HR practices. The final score is a combination of HR score (20 per cent weightage) and employee satisfaction or E-SAT score (80 per cent weightage).
Capgemini India, Mahindra Satyam and Synechron were the top performers on HR score, while HCL, Rolta and iGATE Patni came on top in E-SAT scores.
The findings of the survey will be released in the forthcoming issue of Dataquest (September 30, 2011).