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Synechron has grown from a fledging to a mid-sized player in a fairly short
time-span. As the US market was in a tizzy, it still posted good growth, with
many acquisitions under its belt and a strong focus on geographical expansion.
To manage this dynamic growth, it embarked on many key HR-related initiatives to
better manage its people and their needs. Result: it has climbed up two notches
in the HR score this year.
One of the key initiatives taken by Synechron in FY 08 was the automation of
its HR repositories by implementing the HRMS system across all its branches.
Also, Synechron took on more stringent screening and hiring techniques in the
search for candidates, who will be more adaptable and flexible to the changes
within the company. As the company has a strict no freshers policy, the
screening process also helped in recruiting the best experienced talent from the
industry. But it was also forced to pay a premium to first hire and then retain
that talent.
Despite the recessionary period, Synechron maintained a very good salary and
appraisal structure (ranked at #1 and #6, respectively). This in turn helped it
considerably lower its attrition level to about 15% , and about 4.5% at the
individual SDC level. The discrete SDCs also continued to provide a clear career
path to employees.
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Rank - 8 |
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Siddharth Deshpande, Head,
HR |
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The company revamped its training modules, dividing them into the business and
technology tracks. It focused on upgrading employees technology skill-sets in
addition to increasing domain specific training. Though Synechron has stuck
through the rough patches and remains a strong high-value business player, it is
still grappling with infrastructure, governance and policy issues that usually
accompany fast growth in a short period of time.
The management however feels these are teething issues. The company will
focus on building in more policies and processes with the help of structured
systems and ERP, keeping in mind the flexible and open culture of the company.
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High Rating |
Industry Rank |
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Satisfactory salary hikes |
5 |
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Paid enough for the work done |
6 |
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Relevance of perks and benefits |
7 |
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Low Rating |
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Managers concern about employees professional and personal growth |
13 |
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Encouragement from managers to speak or express freely during meetings |
14 |
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Positive work environment |
16 |
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Best Showing |
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Salary and compensation |
1 |
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Overseas opportunity |
3 |
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Appraisal system |
6 |
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