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HCL Technologies: Losing Momentum



Friday, September 02, 2005

High Scores
"Strongly agree"
Score Industry Rank
Less stress at work  83.2  6
Well thought out appraisal parameters  83.9  8
Immediate recognition for outstanding work  87.9  11
Low Scores
"Strongly agree"
Score Industry Rank
High standards of corporate governance  86.3  20
Top management doing enough for growth  81.4  19
High value on honesty and integrity  83.9  20
Dream Job
"Strongly agree"
Score Industry Rank
Job security/stability  55.8  2
Work-life balance  45.3  4
Growth opportunity/career development  41.1  8

R Vaidyanathan
executive VP and head (HR)

This year, HCL Tech has fared low (#19) on the employee score. There were issues on all employee satisfaction parameters except for the dream company, wherein it secured the #6 position. The company also did fairly well in its HR score (#5).

HCL Tech's employees enjoyed the highest satisfaction levels in terms of getting paid at par with industry standards. While 55.8% of the employees surveyed were satisfied in terms of job security and stability, 41.1% were satisfied with their career growth opportunity. Satisfaction over salary and compensation-a concern area last year-persisted this year as well, with 61.1% citing it as the reason for leaving the organization. Another major issue that HCL Tech will have to contend with: its lowest position in the Top 20 in terms its employees' respect for the company's work values and ethics.

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