As Mahindra Satyam tries to regain the faith of its customers and employees, it faces a daunting task. While recession ensured that voluntary attrition remained low, the improving business environment means that, soon rivals will be wooing the available talent. They are sure to poach in on the highly skilled hands who are willing to jump the fence at Satyam, reports Economic Times.
Some 400 professionals who are currently working for British Petroleum (BP) at Satyam, will become redundant after BP completely shifts the projects to TCS and Wipro over the next few months. Many Satyam employees are realizing that the new management's relentless focus on pruning the costs means reduced job security.
"The Rajus were extremely good at dealing with people, whereas the Mahindras have created a lot of discomfiture in the organization by driving away our senior leadership and imposing their decisions on us.
This makes us feel like outsiders. But for the fraud, an average Satyamite will still prefer Raju to the Mahindras as an employer," said a senior employee who is working for banking and financial services customers at Satyam.
Many of the employees feel that the new management is not able to show empathy to the present employees the way the old Satyam management used to. This disconnect between the employees and the management can work in favour of other IT firms who are waiting to recruit skilled hands.
"We always thought that Satyam was an over democratic company. It was a friendly company where even those on the bench was treated royally. Mahindra has adopted a hire-and-fire policy and the employee satisfaction levels are very low," said an associate with the Citigroup project to Economic Times.
"I will never recommend anybody to join Satyam. Firstly, from a $2 billion company, it has been reduced to a mid-sized IT player. Secondly, the new management is yet to visualize and comprehend the scale of Satyam's operations, employee and customer expectations. It's like a cafe owner buying Taj Krishna," said a Merrill Lynch Project Head.