Here's the summary. Entire article can be read below. Top 10 IT employers in India
1. TCS 2. HCL Infosystems 3. iGate 4. RMSI 5. Synechron 6. IBM 7. Capgemini 8. Infosys 9. Tavant Technologies 10. Sun Microsystems. - The Top 5 reasons why IT professionals changed their jobs were compensation, job posting abroad, growth opportunities, job location and technology area of work. -Among the existing employees of Infosys, only 28.2% voted for it as my dream company in the 2007 Dataquest-IDC survey, compared to 36.6% last year. -The employees of Infosys ranked their company very low on several parameters like growth opportunities, compensation and relevance of perks and benefits. -Women make 1/4th of the Indian IT work force -The survey of 2,844 software, hardware and marketing professionals from 33 IT companies employing 304,834 people in the top seven cities ================================== TCS, HCL Infosystems, iGate are top three IT best employers:Dataquest-IDC survey India Infoline News Services / Mumbai Aug 28, 2007 15:34 The survey of 2,844 software, hardware and marketing professionals from 33 IT companies employing 304,834 people in the top seven cities threw up the Top 20 Best IT employers based on a combination of Employee Satisfaction and HR scores. The 7th annual Dataquest-IDC survey throws a lot of surprises where Indias third largest software company Wipro does not feature among the Top 20 IT employers, and the industry bellwether Infosys has slipped four places to #8 rank. The survey of 2,844 software, hardware and marketing professionals from 33 IT companies employing 304,834 people in the top seven cities threw up the Top 20 Best IT employers based on a combination of Employee Satisfaction and HR scores. The top five ranks went to TCS, HCL Infosystems, iGate, RMSI and Synechron. The next five positions went to IBM, Capgemini, Infosys, Tavant Technologies and Sun Microsystems. Indias largest company, TCS, retained its numero uno status in the BES Top 20 survey for the second year running. The challenges of scaling up were countered through innovative HR practices. With almost 15% of its 90,000 employees based in foreign shores, TCS has replicated not just its programs but also its ethos across multiple geographies, to achieve consistency in the workforce. HCL Infosystems at No. 2 retained employee satisfaction on all parameters with significant rise in satisfaction on preferred employer. HCL employees are found to be very satisfied with the growth opportunities, job security and relationship with peers. Commenting on the high points of the 7th Dataquest-IDC survey Pradeep Gupta, Publisher of CyberMedia said, Multinational IT employers IBM, Capgemini, Sun Microsystems and CSC have mastered the art of managing Indian employees to rank among the Top 20 best IT employers in the country. Others, especially many India-based IT employers, will need to balance aggressive recruitment with the warmth and personal touch they used so effectively thus far, to retain people as they ramp up headcount, Gupta added. Average attrition rate down to 14%: The Dataquest-IDC survey points out that the average attrition rate is down marginally from 14% from 15% last year. The Top 5 reasons why IT professionals changed their jobs were compensation, job posting abroad, growth opportunities, job location and technology area of work. When asked what gave them satisfaction on the job, the employees voted career development opportunities, work life balance, organizational culture, job security and technology as the five top areas. Even though compensation was the top reason for job change, it ranked at No. 7 when asked what satisfied them the most. Industry wide, Infosys remains the dream company with one tenth of the respondents choosing it as the dream company to work for. TCS came second with one in 14 respondents and IBM was at No. 3 with one in 20 respondents voting for it as their dream company. Among the existing employees of Infosys, only 28.2% voted for it as my dream company in the 2007 Dataquest-IDC survey, compared to 36.6% last year. The employees of Infosys ranked their company very low on several parameters like growth opportunities, compensation and relevance of perks and benefits. Ironically, among the rest of the 2,844 employees of this industry-wide surveythose not working in InfosysInfosys topped the votes as their dream company to work for! Company Image and Organisation Culture: The respondents gave top rankings in terms of Company Image and Organisation Culture composite score to HCL Infosystems, RMSI, iGate and Tavant Technologies. The lowest scores in terms of Company Image and Organisation Culture derived from a set of parameters went to Infosys, Aricent, Geometric software, Ness Technologies and Cybage. Clearly firms with smaller employee base seemed to enjoy a better organization culture. Referring to the drop in ranks by Infosys and Wipro, the Dataquest-IDC survey points out that as both companies ramp up rapidly, there seems to be tradeoff. Employees joining the organisation now might be expecting the same informal atmosphere which these companies have been known for. But the personal touch appears to have been lost in the number game. Whatever might be the case, one thing is certain, the Bangalore tigers need to get their act together, the Survey adds. IBM achieve the 6th best IT employer status beating all large firms who compete directly with it, barring TCS, thanks to its belief that HR has to be a competitive strategy. This is despite the fact that IBM ranks at the bottom of the table when it comes to compensation. It earned its No. 6 position largely due to its strong brand image, and high standards of corporate values and governance. IBM also scores high in training and development. Sun Microsystems with an employee base of about 1,000 made its entry into the Dataquest-IDC Best Employers listing at No, 10 largely driven by a high employee satisfaction score. It scores high on compensation and topped the rank on the new age priority, work-life balance. At No.. 11, Cognizant is the only large company in the list where employees see a lot of opportunity for their individual growth while believing that the companys leadership is doing what is needed for the growth. Cognizants major HR focus revolves around helping employees acquire, improve, and harness industry skills for faster professional growth. At No. 12, CSC recorded the second highest jump in the Dataquest-IDC best employers Top 20 list, India is CSCs second largest operation outside the US. Knowing that Indias fiercely competitive labour market requires some special initiatives, CSC launched two Indian specific employee communication programs. This is the first time that Cadence, a regular in the Top 5 list, slipped, also from the Top 10. At #14, Cadences fall reiterates what industry captains are now beginning to realizeyou cannot buy employee satisfaction only with a big pay package and by caring for them. Women make 1/4th of the Indian IT work force: Women constituted 23.7% of the total staff employed by the surveyed IT companies. In the 2004 survey only 14.5% of the total IT professionals were women. This percentage improved to 19.7% in 2005 and 23.6% in 2006. Methodology: The survey was designed and carried out in two phases. In the first phase, HR questionnaire sought information from 300 IT companies on employee strength, training days, tenure of the top managers, salary increases, revenue growth over the years and employee attrition levels. In the second phase, a large scale survey was conducted by IDC India among employees of 33 companies, across the country. The employee survey comprised a self administered questionnaire as the instrument with employees at different levels. This questionnaire included 53 statements to capture their views on broad parameters like composite satisfaction, company culture, job content/growth, training, salary & compensation, appraisal system and people. The employees were also asked about their salary structure, preferred company in the industry etc. Scores from the HR survey and the Employee Satisfaction survey, calculated separately, were combined to arrive at a composite score. Site: http://www.indiainfoline.com/news/innernews.asp?storyId=43817&lmn=1 My Blog: Tech blog My sites: Personal| Youngcubs| Wallpaper | --------------------------------- Unlimited freedom, unlimited storage. Get it now