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ACCEL ICIM: Money Matters
Across the board salary hikes led to high level of satisfaction amongst employees. But even then retention was poor

What really catapulted this SI from Chennai into the Top 10 league this year was a high level of employee satisfaction. And this was reflected in the employee ranking where it rose from #20 to #8. A spate of M&A by Accel-ICIM of small and faltering entities could have a bearing on the high employee satisfaction registered. Unfortunately, low scores in hygiene HR issues led to a #17 rank in HR parameters and ultimately pulled back its overall position.
That the employee ranking shot up by more than 10 points could be directly co-related to a high degree of satisfaction with the salary and compensation structure-Accel ICIM ranked third in this parameter. Not surprising, since a rationalization of salary structure across the company ensured more than 25% hike for both technical and sales people. This bonanza had also led to a higher overall and composite satisfaction amongst employees. 88.8% of them look forward to a day's work at the company, the highest in the industry, and also take pride in being associated with it. Consequently, 81.4% of the employees would recommend the company to a close friend and only 11.1% would join another company for a 20% salary hike. All these were a substantial improvement over last year and no wonder Accel ICIM's overall satisfaction ranking improved to #5 from #14, while it ranked #4 as a preferred employer, buoyed by a wholehearted endorsement from 51.9% of its own employees.

Not only did the employees give thumbs up to the salary increments, they even ensured that the appraisal ranking jumped from #19 to #9. Probably Singapore-based Frontline's investment into Accel ICIM and the opening of two Linux competency centers contributed to this growing optimism.
Notwithstanding all accolades from the employee front, Accel ICIM remained on a sticky wicket on many of the HR parameters. Particularly galling was the #19 position in retention, especially in this environment of employee optimism across the company.

High Scores
"Strongly agree"
Score Industry Rank
Immediate resolution of problems 100 1
Exciting growth opportunities 98 3
Clearly defined individual goals 100 1
Low Scores
"Strongly agree"
Score Industry Rank
Company values honesty 95 10
Empowered to take own decisions 93 9
Special efforts are recognized 88 14
Dream Job/Wishlist
Score Industry Rank
Company image 26 4
Growth opportunities 19 14
Job content 15 6
Strengths : Increasing contentment over the salary structure resulted in the company scoring high on overall and composite satisfaction parameters. It also ranked high as a preferred employer
Weaknesses : For a company high on employee satisfaction counts, a rise in attrition and fall in retention levels were a cause for concern

 

 

 




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