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Synechron is still a baby amongst the giants, with an annual revenue of just Rs 126 crore. But it has shattered the myth that you need to be big-staffed to be a best employer. Synechrons success is a good signal for small, niche start-ups that often try hard to retain employees lured by big brands.

The Pune-based company has scored well on the HR rankingsat #5, as compared to its employee rank of #11. While part of the good score in the HR ranking is because of its high growth (one of the parameters), it has also put in some robust practices. There are reasons to believe that Synechrons better performance is more due to its high value business (like a consulting firm environment) and less due to the companys standing. In fact, employees rated regular and constructive feedback from superiors, professional behavior at corporate level, and corporate governance as the weak areas. Vivian Fernandes, director, HR, terms these issues as teething troubles, as the company is growing rapidly.

Synechron is ranked #1 in the industry in terms of both growth opportunity, and salary and compensation, and #2 in overseas opportunity. All these are natural to a growing, high value, global services business.

Vivian Fernandes, director, HR
High Ratings Industry rank Recognition of initiatives and efforts during 4 Growth opportunities 5 Fairness of appraisal system 4 Low Ratings Regular and constructive feedback from manager/superiors 12 Company professionalism 14 Standards of corporate governance 15 Best Showing Growth opportunity/career development 1 Salary & compensation 1 Overseas opportunity 2

There are sparks of good HR practices too. One of the things Synechron employees seem to have liked the most is its transparent appraisal procedure. Fernandes says that the procedure has been made over a period of two years with inputs from the team in Pune and overseas. Special emphasis has been on making the process as simple and fair as possible. The company is also doling out ESOPs to its performers, and has small schemes like Spot Bonus and Surpass Awards.

While the going has been good for Synechron, the next few years will really challenge its mettle as it transforms itself from a small company to a mid-sized player. Whether this baby turns into a giant in the coming years, is a question left for future surveys.

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