HCL Infosystems has emerged as the best employer among Indian IT companies in a survey by leading IT industry journal Dataquest, in association with CyberMedia Research (CMR).
The Dataquest survey also finds that companies started hiring as business environment improved in Financial Year 2010-11.
This led to a significant jump in attrition - from 13% in 2009-10 to 19% this year (2010-11) - one of the biggest jumps recorded in a year in the history of the near-two-decade-old survey.
However, with the slowdown still fresh in their memory, employees identified job security and job stability as the top attributes of a Dream company (see listing of Dream companies below), even above growth opportunity and work life balance.
"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 publishers of Dataquest and 14 other publications.
"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 consisted of two parts: one HR round and one employee satisfaction survey round.
In the HR round, companies were given scores based on their HR practices.
The final score was a combination of HR score (20% weightage) and employee satisfaction or E-SAT score (80% weightage).
The findings of the survey will be released in the forthcoming issue of Dataquest (September 30, 2011).
Capgemini India, Mahindra Satyam and Synechron were the top performers in the HR survey, while HCL, Rolta and iGATE Patni came out on top in E-SAT scores.
Image: A National Association for Software and Services Companies (NASSCOM) staff member waits for delegates at a stall of their India Leadership Forum 2010 summit in Mumbai in this file photo.
Text: Press Release