With the merger in sight early this financial year, Mahindra Satyam has made a clear distinction in terms of hiring people.
While it continued to recruit through out the year, the focus has been on laterals to care of attrition and ‘need-based' hiring.
“We have been adding 700-750 at lateral level every month in 2011-12. We have never stopped recruitment,” a senior executive of Mahindra Satyam told
At the end of December 31, 2011, the company has 32,000 employees with an attrition rate of 16 per cent. The executive, however, admitted that it has not gone to campuses this year in a big way.
After Tech Mahindra took over the firm in 2009, it went on a big ticket hiring only once. In 2010 season, it gave offer letters to 5,000 students.
It, however, has not absorbed all of them. It has been inducting them only in batches of 200-300, leaving the selected candidates in despair. It indicated that it would absorb all of them by May, June this year.
But with two boards agreeing to merge and announcing a roadmap for merger, the Hyderabad-based firm is not likely to tap the fresher market this year.
“We will seek advise of a consulting agency to study and identify the need to reassign the jobs of employees in both firms, if need be, as the merger process begins,” the company executive said.
Mr T. Hari, Chief People's Officer and Chief Marketing Officer, had indicated, in reply to an analyst's query, that about 1,300 of the 5,000 freshers selected would come on board during April-June this year. In all, about 2,300 freshers would join the company in the next financial year.
“We will go for need based hiring a quarter or two ahead of the requirement,” he said.