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The Graphics have been prepared based on the DQ-IDC survey results which
brings forth the way employees agree or disagree to a set of general
statements, qualitative remarks as well as personal questions related to their
job. The statements also elicit responses from the employees on their companys
image, culture and environment, salary and compensation, career growth and
opportunities, training, etc. Scores from the HR survey and the Employee
Satisfaction survey, calculated separately, were combined to arrive at a
composite score. The statements have been selected and the ratings have been
obtained by taking into consideration this composite score as well as the
individual HR and Employee scores. Different weightage to specific areas and sub
parameters have been attached to arrive at the latter. The parameters reflect
well which of the participating companies (many of them being new), fare best
and the worst and what is their standing.
In this year of the slowdown, companies went through with layoffs, reduced
pay hikes and skipped appraisal cycles which in turn affected the sense of job
security and dampened the morale of employees to an extent. All the statements
and ratings should be viewed in light of these macro economic and broader HR
parameters.
This year, the tone is not as positive as last year with a marginal decrease
in majority of the parameters. There are some parameters where the percentage of
agreement has gone down substantially. For example, in answer to the question
..leaving the company for a 20% hike, 52.5% has strongly agreed last year,
but this year it has come to a mere 15.3%. Moreover, there has been a fall in
the job security parameter, which again explains why fewer people are prepared
to leave their jobs for better hikes. Also, just 20.4% strongly feel that they
are not paid at par with industry standards compared to 35.45% last year,
indicating a fall in average salary across the industry and also the fact that
employees are slowly coming to terms with this. On the upside, however, there
seems to be concerted efforts by companies to improve their culture, corporate
governance, and bring in more transparency in their operations and while
communicating with employees.
Overall Satisfaction
Despite the recessionary gloom, layoffs and strict focus on weeding out
non-performers, people continued to enjoy a high level of professional and
personal accomplishment from the work they did in their companies. Surprisingly,
overall satisfaction more or less remained the same as that in 2007-08. This
year, software companies such as RMSI and Rolta, specializing in GIS, grabbed
the limelight eliciting better sentiments. Close on the heels is hardware vendor
HCL Infosystems, which for the past few years has been ranking high on the
satisfaction index

 
 

Culture & Environment
There is a visible improvement in corporate governance, and work value and
ethics as compared to last year. Companies are becoming increasingly responsive
to the issues or problems of employees and have better work environments.
However, at the same time, companies are being a little conservative with
employees taking risks and in their openess to ideas. This could well be due to
the current market conditions forcing companies to be less experimental on all
fronts
 
 
 
 
 
 
 
Companies have become more transparent in their communication with employees,
giving them a sense of belonging. They have also gone ahead and adopted a higher
degree of professionalism in their dealings with employees as well as customers
or suppliers
 
 
 

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