|
|
|
|
 |
20,000 resumes posted on job portals |
|
|
The Hindu Business Line |
|
|
January
09, 2009 |
|
|
Anjali Prayag and K Bharat Kumar |
Bangalore/Chennai, Jan. 8
Mired in the Satyam controversy are careers of nearly 53,000 employees of the IT major. Online job sites and head-hunters have postings of about 20,000 resumes from the beleaguered company, say industry sources
Already hit by job- and pay-cuts, technical employees of the company will now come ’cheap’, they say. With the top ten companies on a hiring freeze, especially for laterals, the mid-to-senior level talent would have the toughest time (finding opportunities that pay as well), says Mr Rishi Das, CEO of CareerNet, a Bangalore-based recruitment firm. Employees of Satyam Computers were in the top league in the IT talent bracket, with the company falling in the Big Five group.
Slow hiring
“Though there still are opportunities in the software sector, the industry is not hiring at the level seen last year,” says Mr Gautam Sinha, CEO, TVA Infotech, an IT recruitment company.
Infosys, for instance, has only about 30 per cent of its annual hires coming from laterals and about 25 per cent of these belong to the four-to-five years’ experience category. “So where are the jobs for the seniors and the general management types?” asks Mr Das.
As the company largely has talent with generic skills, this may actually prove to be an advantage, says Ms Nirupama V G, Managing Director, Ad Astra Consultants Pvt Ltd, a Bangalore-based search firm. She does not foresee a problem for most Satyam employees except for the ‘finance guys.’ But the hard truth is that they would have to take substantial cuts in salaries, according to her.
Sense of insecurity
Says Ms Hema Subramaniam, CEO, Live Connections, a recruitment firm, “We now have a requirement to fill 9 positions at a client. Of these, six resumes were from Satyam employees, of which one was a Vice-President with profit and loss (P&L) responsibility. I certainly sense a feeling of insecurity among employees there,” she said.
Asked if he has seen a large number of resumes from employees of Satyam in the market today, Mr E Balaji, CEO Ma Foi Consultants, said, “There is certainly anxiety on part of employees. Even before yesterday’s disclosure by the chairman, there have been an increase in number of resumes coming out of Satyam in the last four to five weeks. But, I am not sure if you can term this as panic. I am also not sure if there is a method or technology to determine how many resumes from a certain company are floating around at any point in time.”
He added that it was normal for any IT employee to keep his resume ready and out in the market, for, “you never know when the next good opportunity would come knocking.” According to him, “It is difficult to say whether yesterday’s news has resulted in 10 per cent or 20 per cent or 50 per cent of the company’s employees wanting to opt out.”
Asked for an indicative figure, he said, “At any given time, 4-5 per cent of a company’s employees’ resume would be out in the market. It is higher for some companies and lower for others, depending on size and brand.”
|
|
|
|
|
 |
|
|
|
|
|
