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The global financial crisis is evident on all aspects of running business in the corporate sector. I know a friend of mine who was recruited by Satyam through a campus recruitment initiative, a year ago. Today, he finds himself in a quandary trying to figure out what made the company back out on admitting him into the organization.
Each time he gets in touch with the HR of the company, he gets a standard response that he needs to wait for some more time.
His mind was a questionnaire.
Is it that Satyam previously followed the profit generating tactics of filling the benches without work and adding these names into the payroll rolls of outsourced assignments that pay more?
And recruited him in a similar drive but suddenly finds itself unable to accommodate him because of the global financial crisis and the monetary results on outsourced assignments doesn’t reflect the same numbers as before?
Is the company just trying to reduce costs by stalling new recruits for the time being till economic times get over the tough times?
But being a giant, Satyam could very well shield itself from the economic slowdown through applied strategies like compensation solutions and work towards improving the productivity. And this could help many new applicants to kick-start their careers though in crisis, which is all the more beneficial as it might prepare the new ones for any situation. Then why did Satyam not do it?
Each time he gets in touch with the HR of the company, he gets a standard response that he needs to wait for some more time.
His mind was a questionnaire.
Is it that Satyam previously followed the profit generating tactics of filling the benches without work and adding these names into the payroll rolls of outsourced assignments that pay more?
And recruited him in a similar drive but suddenly finds itself unable to accommodate him because of the global financial crisis and the monetary results on outsourced assignments doesn’t reflect the same numbers as before?
Is the company just trying to reduce costs by stalling new recruits for the time being till economic times get over the tough times?
But being a giant, Satyam could very well shield itself from the economic slowdown through applied strategies like compensation solutions and work towards improving the productivity. And this could help many new applicants to kick-start their careers though in crisis, which is all the more beneficial as it might prepare the new ones for any situation. Then why did Satyam not do it?
With all these puzzles to be jumbled he settled in with a job in a call center for the time being till he gets THE call from his employer. When I know of such a person, its anybodies guess what the actual number of people going through such a phase in career could be.
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