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IT firms to check attrition, think beyond salary hikes
By SiliconIndia   |   Thursday, 29 July 2010, 02:51 Hrs   |    77 Comments
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IT firms to check attrition, think beyond salary hikes
Bangalore: IT firms are fully determined to decrease the attrition level in their respective organizations. India's top IT firma are offering mid term hikes, promotions and restricted stocks to keep the employees loyal towards the company.

Now when the global economy is improving, most of the Indian IT firms are offshoring more work to save costs and at the same time, the IT firms are looking for employees experienced with three to seven years, who can deliver quality codes to their customers, reports Poornima Mohandas and Raghu Krishnan of the Mint.

"85 to 90 percent of IT-ITeS companies now are looking at off cycle compensation related interventions such as retention bonuses, off cycle salary increases and equity based incentives to control this situation," said Sandeep Chaudhary, performance rewards consulting practice, South and West Asia, Hewitt Associates.

The IT biggies are bringing in a new trend in the industry. Infosys has raised its hiring plans to 36,000 from 30,000 for the year 2011 and at the same time, TCS plans to hire 40,000 people.

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12: Seriously at the end of the day everybody is working for the money......Just to share with you guys Symantec the biggies in IT secttor has given 3 to 6 % hike to all his employees in March....Imagine why the hell a person should work with such a fool company....who is earning like anything but dont have PAISA or their employees....
Posted by:Amit - 01 Aug, 2010
13:
You are right,Amit.But unfortunately,>85% of the population are destined to be employees.15% people will own the world's wealth and everyone else is going to work under them.This was the condition till few years back.But things have changed for all the good reasons.Ideas which used to take 50 years to grow,mature and implement take 5 years now.And things are much better than what used to be before with the advent of internet and television.You can cash in on technology to change the way you want.
Jagannath Replied to: Amit - 01 Aug, 2010
14: Being an employee means you be at mercy of someone who can dictate how many hours you should work at office and how much you should be paid.When I came out of IIT, I had dreams to be billionaire,but I later found out that job is not the right place for that.So I got into something which is truly enterprising and which can give you a life you can only dream of.We are currently expanding and there are just 2 vacancies in this particular project.

For details mail me @ maverick.jd@gmail.com
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Posted by:Jagannath - 31 Jul, 2010
15: Whatever anybody does to decrease the attrition, it is not going to be effective unless an employee maintains a work life balance. As long as they spend more hours in office and become a guest in the family, any sort of remedy will not help. I also was in the same boat, but since 2 years I have found out a way to come of this and now I have created my own economy in which I earn very good money with more and more time for myself and my family. I would like to share with only selected people. Write to me at rangaswamy.blr@gmail.com
Posted by:Rangaswamy - 30 Jul, 2010
16:
Hey Rangaswamy , stop your Amway or any sucking network based marketing here.I know you can never be a billionaire by fooling people. You want to be a billionaire , come up with own idea not selling somebody else product.
aaraksheet Replied to: Rangaswamy - 01 Aug, 2010
17:
Hi Ranga
I am Ravi Chitkara and into IT from 14 years wored as programmer to architect to PM. I want to find the secret to create my own economy without the year of hike and recession. if you have a wayout please share with us.
ravi chitkara Replied to: Rangaswamy - 31 Jul, 2010
18:
Hi Ravi,
Please send me a mail to my mail id rangaswamy.blr@gmail.com, I can discuss with you in detail.
Rangaswamy Replied to: ravi chitkara - 01 Aug, 2010
19:
Pls help me with it too. Let me create my own economy.
Amit Replied to: Rangaswamy - 31 Jul, 2010
20:
Please send me a mail to my mail id rangaswamy.blr@gmail.com, I can discuss with you in detail.
Rangaswamy Replied to: Amit - 01 Aug, 2010
21:
Please send me a mail to my mail id rangaswamy.blr@gmail.com, I can discuss with you in detail.
Rangaswamy Replied to: Amit - 01 Aug, 2010
22:
hi Rangaswamy,

I agree with your point here..we ofter forget to give our share of time to our family and loved one. And we realized this when it is too late.
If it is fine, pls share your experience, how you came out of it.

Dinesh
Dinesh Replied to: Rangaswamy - 31 Jul, 2010
23:
Please send me a mail to my mail id rangaswamy.blr@gmail.com, I can discuss with you in detail.
Rangaswamy Replied to: Dinesh - 01 Aug, 2010
24:
This means stock market will tickle,...hahahahh
Chidambaram Replied to: Rangaswamy - 30 Jul, 2010
25:
r u working for any network marketing?

Thanks
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Niranjan Replied to: Rangaswamy - 30 Jul, 2010
26: Actually I don't think that attrition is only due to salary related things but it is mainly due the work environment, long and exhausted working hours ,stress between boss and employee relationship and at last comes the factor salary which is totally justified as the IT employees are always under payed.So work should be done on these areas to curb the attrition rate..
So some
Posted by:Soumya ranjan patnaik - 30 Jul, 2010
27: Dear a company is to earn profit and also to pay good package to the employees. Therefore, attrition of employees at any point of time is not desired. Let the company pay enough amount to their employees not to have financial worries at any point of time and could delver maximum to the employer.
Posted by:P.S.Thakur - 30 Jul, 2010
28:
It sounds harsh but, where HR is paid bonus to keep talent at low cost, attrition is a must happening phenomenon. Low cost in the sense, if a person is paid 6 Lac a yr and has no work to do, then to save himself he has to leave and go there where he can be associated with work. Even if he is associated with work he is working more than 12 hrs a which means 4 hour a day extra and 88 hrs or about 4 days extra a month and more than a month extra a year a same remuneration, is it really viable to follow?
Sandip De Replied to: P.S.Thakur - 30 Jul, 2010
29: Why only IBM. HR policies of other multinational companies like Accenture are equally same. In accenture your experience is of no value, there is only value for your subordination to supervisor. Rating is given on basis of subordination to supervisor. This is the reason why attrition rate in Accenture is one of the highest in India.
Posted by:Khan - 30 Jul, 2010
30: This is all life, game.
Now this is time for IT guys, They have to utilize their time as all companies did earlier.
Dont be loyal to ur company, No company love their employee and no employee loves their company, Its all mutual agreement and commitment.
Posted by:Chandrasekhar - 30 Jul, 2010
31:
You are absoulately correct, if you are loyal to the company no matter for how many years they will not hike your salary or give promotion, company's not only IT's or BPO's like AllSEC will promote all stupid people & loose their projects.
peter Replied to: Chandrasekhar - 30 Jul, 2010
32: Attrition seems the pain in the neck for every company now. Its easy to let go people and its very hard to hire smart resources. This is my experience since I was on interview panel for last 4 years. Salary hikes might not help this time, treat them like a resource not like a commodity. This generation of employees is aware, well read and ambitious. They understands management games and ironically management doesn't accept that
Posted by:Sushil Shinde - 30 Jul, 2010
33:
Well Said, agree with you comments above. I am one of the IT prof serving notice period in my current company. They(Management) seem lack the understanding on whats the expectation from a employee perspective and they have just one unilateral view which does not help.
Sandeep Replied to: Sushil Shinde - 30 Jul, 2010
34:
very true.
vishal sachan Replied to: Sushil Shinde - 30 Jul, 2010
35: I think changing a job is not a better option.... By changing the company you are just moving to other software company, where there will be new set of problems.... Just change your attitude..... What you wish you can gain in the same company..... It's just my thought(may be no one agrees with it):)
Posted by:Vijay - 30 Jul, 2010
36:
I left my company because they had started firing. The new company that I joined fired me after 6 months saying market condition is bad. Then i negotiated with them and they agreed to retain me by giving 67% of the salary offered. This was far less than my salary in previous company. Somehow i stayed loyal and didnt try elsewhere. Once other companies started hiring, my company gave 20-30% hikes to everybody and gave me my original salary and said treat this as a hike. What can I do? I quit again to join another company which gave me 30% hike. This is how companies behave. Its very difficult to show loyalty in IT industry
*KK* Replied to: Vijay - 30 Jul, 2010
37:
I agree with Vijay,
because person is again same joining next company.
unhappy spouse always endup marrying wrong partner.
Rivesh Replied to: Vijay - 30 Jul, 2010
38:
ViJay, as far as compensation is concerned that problem is definitely solved for changing job. n all these companies are giving off-cycle increments to solve that problem only. At least ppl like me who have no problems other than being under-paid would have stayed.
NIks Replied to: Vijay - 30 Jul, 2010
39:
so you alone is going to change ur company. changing attitude will force ur company to change their incremental figure.? :)
vishal sachan Replied to: Vijay - 30 Jul, 2010
40:
Can you plz give us ur mail id so that we can apply in ur company if it treats its employees that gr8....
Ajay Replied to: Vijay - 30 Jul, 2010
41: Love your job not your company. Once if your company stops loving you,........?
Posted by:siva - 29 Jul, 2010
42:
It is true
One should have passion towards his/her job rather having passion in companies’ brands.
nar Replied to: siva - 30 Jul, 2010
43: Agree with the 3 factors, but HR practices also add much to it. HR generally tries and figures out some trivial issues with a person and then blames that as a reason for lower salary hike and recognition in terms of appropriate grade.
These kind of practices pull down the moral and an employee looses work ownership rather starts dragging and thinks of hopping.
Posted by:Parag - 29 Jul, 2010
44:
Thats right loyalty has no meaning in the current and future generation of work places.
Ganesh Ram Replied to: Parag - 30 Jul, 2010
45:
I dont care any HR executive . I have seen in various MNC no body gives value them.. ..i think after some days that policy will be abolish.. .I love my work and my job and dont have any passions to company. If my work is gud den everything okay...no issues and no conflicts .......anyone may be beleive or not but its my thought.. its from my past experience
Sanjib Replied to: Parag - 30 Jul, 2010
46: I don't think every company is doing this.. IBM is one of those company who is giving 0% increment to its employees even after 2 years of service. No Plans for their Band promotions. I will suggest better not to Join IBM if you have offer from other company.
If already joined, Change as fast as you can.
Posted by:Amit - 29 Jul, 2010
47:
I agree with this . IBM sucks . No promotions . No hikes even after 2 years.
Sachin Singla Replied to: Amit - 30 Jul, 2010
48:
plz withdraw your offer letter try to join any other compny ..plz dont join IBM..its my best suggestion ..if you are married then sure lots of finanncial ppblem dear..plz away..hehehe
Sanjib Replied to: Amit - 30 Jul, 2010
49:
I agree with u. In IBM, experienced ppl and freshers, they all get the same paycheck. No hikes in last 2 yrs.
h(ike)-> 0 :P LOL
Shilpa Replied to: Amit - 30 Jul, 2010
50:
hehehehe...dont write anything about IBM ..still I was suffering here last two years...only single digit hike..one of conjus compny in world..finally i decided not to stay no more time and put the resignation and i am enjyoing my new job with ralxing package and gud work also..dont try to join IBM ..you face same problem there.
Sanjib Replied to: Shilpa - 30 Jul, 2010
51:
Yes You are 101% true. I am is the bull shit company. In IBM US I have seen ppl getting very good hikes where as IBM India never gives any hike but they send emails to all employees monthly about the quarterly Profits etc...They get the hell lot of work done by employees. They never care for employees, Managers are also like real bull shits and also shoe reginal feeling like Kolkatta managers are special case they only support resources of kolkatta and leadership team also belongs to there only. so nobody can bet them...I am in IBM from 4 years but never got any hike and unfortunately this year I got that too 400INR increment in monthly Salary..This is hell happnes in IBM India..they never care employees..
Ujala Replied to: Sanjib - 30 Jul, 2010
52:
very true... to hell with these idiotic kolkatta and mallu so called managers... some azzz who cant bloody speak a grammatic sentese is made a second line and SDL and stuff... sick ppl and sick culture... IBM might be a best company but it lacks leaders... low level mangement really screwing up the motto of the company... count ut manager moles and u get promoted and wht not..I am out of tht shit way long back.. U ll never know wht have u joined for and wht have u turned up to...trust me guys ... never ever dare to walk near tht premisis...I Better Move from India Trouble Desk is wht ppl, am sure of thinking now...where on earth do u see a non-techy guy handling tech projects...and the ans is IBM...hehehehe
rockstar Replied to: Ujala - 30 Jul, 2010
53:
Thats true... Do not jump in by the brand name.. U will have to join IBM only when u have plans to retire not before that..
Swaroop Replied to: Amit - 30 Jul, 2010
54:
I would not suggest that also, when you want only 2 to 4% increment then only join IBM India. They hardly gives hike sometimes it might be 0%. They give pdf letters saying you have hike of 0% which I got in 2008. They are not bothered about employees at all. Noe they made 3 month notice mandatory to retain employees, becoz of which lot of employees are struggling..with new company notice issue..so becareful if you wnan join IBM India...where as IBM US is good..if you wana join IBM in US that is good one to join...
Ujala Replied to: Swaroop - 30 Jul, 2010
55:
Absolutely right.. try to join IBM at the time of retirement time..gud luck guys..
Sanjib Replied to: Swaroop - 30 Jul, 2010
56:
Hey man not only IBM but same situation in Some Project of 3i-infotech CSL s Employee face same Problem.
Sanjay Replied to: Amit - 30 Jul, 2010
57:
Yaa I agree it....
no financial growth once you joined IBM.
Anj Replied to: Amit - 29 Jul, 2010
58:
I can say 0% growth if you join IBM both personal and financial growth will become 0. If you want to skip from work and don't want money then join IBM..I am there from 4 years so I can suggest you not to join..
Ujala Replied to: Anj - 30 Jul, 2010
59:
No technical growth also. And they change ur complete core skill set.
han Replied to: Anj - 30 Jul, 2010
60:
I fully agree with you.. there will be more meetings rather than work.. Daily you will have meetings compulsory..will not have any technical growth..ge salary on tie but will not get hikes for ever. I mean ince you join no body cares as they have 1Lakh employees in IBM india. they dont know the value of employee
Ujala Replied to: han - 30 Jul, 2010
61:
ya.. its true... thats why i left IBM within 6 month
abhishek Replied to: han - 30 Jul, 2010
62:
Very true ppl.IBM sucks
It doesnt matter how much you work hard
last year no hike
this year f...ing 8%.
Dont know what is their strategy.They just seem to not care about employee retention.If this is the situation when IBM is gaining high profits and the least affected one by recession,I cant think of wht it does when it is loosing.
John Rambo Replied to: abhishek - 30 Jul, 2010
63:
One of the worst company IBM India..no one satisfy with there HR policy...there is no employee satisfaction..if you work more than 2 three years you cant pay your house rent bill and what ever other things may be....no money there ..its my advise dont join yarr..
Sanjib pal Replied to: John Rambo - 30 Jul, 2010
64:
some IT companies attitude is very simple if you want you work else there are N number of people in the market.a company like IBM which shows big profits and growth is doing at its employees cost by giving the least payment.no band changes even if there are band changes no right hike according to the band . which doesnt make any sense of bands.if you are in a same process and change your band for next 18 months you have to stay in the same band even if up skill your self . so all HR practices are in favour of the company and nothing for employees . there are so many employess even after satying in the company for 3 yrs their total increament was only Rs50 so why employees will stay back in such companies
krishna mohan Replied to: Amit - 29 Jul, 2010
65:
And what about the internal groupism. I have heared that there are internal groups in IBM ....they are called Amway'ians ... they favour guys who have joined this amway thing. I guess the higher authorities dont know about this. Guys who are part of amway get promotion, onsites very easily even with 1-2 yrs of experience overlooking consultants having 6-7 yrs of experience. Apart from the salary, appreciation and position, this is something very serious and should be looked into as its growing like CANCER in big companies like IBM which is a major factor upsetting the morale of resources.. This is for Company authorities to look into..
Annonymous Replied to: krishna mohan - 29 Jul, 2010
66: Aprat from Salary, the HR practices and the employee allocation process to the projects are also important. And offcourse mere is writing the ‘360 degree appraisal’ (review of managers by the subordinates) in the policy documents is not going to help anybody!
Posted by:Kalyan - 29 Jul, 2010
67: They have to do that.
Posted by:Dipin - 29 Jul, 2010
68:
There is a gross mistake in the market over the reason behind attrition. Three factors leads to Employee satisfaction:

1) Salary
2) Career Growth & New opportunities
3) Recognition

Very few people are by nature Job-Hoppers. They often leave the company because of any one of the above three reasons going horribly wrong. Salary is just one of the driving forces, but the other two are equally important if not more.
Only hiking salary is therefore often fails to stem the exodus. People often leave their supervisors not the company.
Sattwik Chakrabarti Replied to: Dipin - 29 Jul, 2010
69:
very true,
although money does play an important part,but at the end of the day,one looks for overall satisfaction and other 2 components are these only......
sharan Replied to: Sattwik Chakrabarti - 29 Jul, 2010
70:
Very very true.
Sibasis Replied to: Sattwik Chakrabarti - 29 Jul, 2010
71:
yes thats really true....
karthik Replied to: Sibasis - 29 Jul, 2010
72:
Completely agree!
Sourabh Replied to: karthik - 29 Jul, 2010
73:
everywhere it is same .. try to adjust or switch...again it is same..IT needs to be reshaped..
deep Replied to: Sourabh - 29 Jul, 2010
74:
IT needs to reframe HR policies and very much transparent to the employees. Now employees are no more loyal to companies they are loyal to their jobs only becoz they have seen how organization treat them when they need to sack their employees.
Harry Replied to: deep - 29 Jul, 2010
75:
The same trend is coming into the Core sectors also. The above points are equally important for them too.
ravi Replied to: Harry - 29 Jul, 2010
76:
That is a truth.. No body cares what company does... everybody is concerned about their job security....
As no one can give security to our jobs ..there is no point in showing the Company loyalty...
Guys keep boosting ur skills that is the best approach i feel....
Karthik Replied to: Harry - 29 Jul, 2010
77:
true
Deepak G K Replied to: Harry - 29 Jul, 2010
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