Satyam Delays Appraisals -
August 17, 2008 · Filed Under experiences
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This is an unconfirmed report
Satyam Computer Services Ltd (NYSE: SAY) in its typical Bureaucratic style has indefinitely delayed its 2008 Appraisal process much to the dismay of its 50000+ employees.
To make matters worse the company has not even informed its employees for the reason for this delay.
Attrition levels are expected to shoot up due to this. The company continues to work like a soviet era government run agency!
Markets should take note of this fact and expect satyam to loose out on talented people due to such outrageous actions.
Top Management/HR have utter disregard for people.
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41 Responses to “Satyam Delays Appraisals -”
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dude satyam has no projcts
it wants people 2 leave hence not giving hikes
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That is partly true;):):)
Some of the HR section has informed its units, But When — When the earlier promised date had already passed, but again True to Satyam standards no reason was given, so we accept it as a bureaucratic delay. And on top of that HR managers have guts to say please don’t forward this mail to any other Unit. That was a bit strange — It means one HR (handling a specific unit)does not want people in other Satyam units to know that they have delayed it, it does not make any logical sense. I am sure all Satyam people are delayed and not just one unit so what is the hiding factor behind it.
Keeping aside these issues of communication, It seems if Satyam can’t put its act together and keep its 50K people in dark about the appraisals, it is not a healthy sign
Secondly, If even after 4-5 months of excercise, the results of apparisals and also the hikes get delayed by a month that is a bit of ’shame’.
Satyam talks of Business Transformation Together I think it has to employ the same excercise internally 1st and then sell the same to its clients.
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This is true
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Yes its true..
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No, it’s not true.I spoke to one of HR, he told me that they will releasing the hike letters within 2 weeks. Moreover,Satyam was awarded a big project from a new big clientfew days back, and satyam is on look out of people on bench. Satyam guys no need to worry, you are in a safe position,bcoz at this juncture satyam need more no. of people.
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satyam is worst employer don’t work for them.satyam has been degraded in performance at international.rajy has to beg projects from andhra govt as he lost reputation internationally.everybody at intl. location they are thinking satyam mangers claim wrong billings from client.if toy are right talented never work for satyam.
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The news regarding appraisal is true….it really unfortunate that the one of the top IT company SATYAM is not informing their associates and also not completing their appraisal on time..Moreover for cost cutting they have started curbing the cabs of employess,and many other activities tht i wouldnt mention here.
HOPE SITUATION IMPROVES!!!!
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Get Ready for the action.
See the news yourself.
http://coreadvisor.com/globalwise/2008/08/18/satyam-delays-hikes-payouts-to-be-smaller/
http://www.livemint.com/2008/08/19000710/Satyam-delays-hikes-payouts-t.html
http://infotech.indiatimes.com/News/Satyam_delays_hikes_to_cut_payouts_/articleshow/3380664.cms
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Satyam cut the apprailsal Incremental letters and they decreased Average hike to 7%(It will be comprised in performance bonus).This year satyam attrition rate will be more than 30%. Satyam Hr people, Exist help desk and finance are very busy right now as many employees putting down papers.
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They call themself as India’s no 4 IT service provider but even smaller comapnies take care of theri employess in a much better way. I can understand that with such a huge employee count personal care is not possible but can somebody tell me what the hell is Satyam HR team is doing. Why the hell they are not able to complete Appraisal process in 5 months. To add on that no associate has confirmation as when they can expect letter and what is the reason of delay. It is really disgustin……If Anybody from Satyam HR team and top management is reading this post, pls reply
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I think HR ass usual is ch…a in Satyam. So no more new complaints or bricks can be thrwon at them. But this time it seems it is top mgmt qwhich has decided to hold back the increments and delay it due to whatever reasons - they are waiting for people to quit or waiting for cues from US or …..
Overall it sucks to be a part of Satyam. I am at least happy that I don’t have to deal with Stayam on a day to day bsis as I am at onsite and abroad clients are much better than Satyam people (esp. HR and mgmt etc.)
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“Lack of communication” to employees is not a good sign for a CMM level [marching towards North Star/billion dollar/etc.,] company, don’t they have a courtesy to inform… Hey so called top management or HR why you guys didn’t communicated well in advance about the delay in appraisal … In mid of July most unit HR circulated a mail stating “Our Sincere appreciation to each one of you, for being mature & patient enough to hear towards closure of the Salary revision Process 2008. We will release of appraisal Letters to associates on or before Mid August, 08” [Date differs to each unit]. After august 15th also no one communicated about the delay [I hope august 15th is called mid August but it may differ to top management since they are all working with out knowing date/month/year “Pillars of the company”], After a week or so we received a mail stating “We couldn’t finish the appraisal process by Aug 08… we will hopefully finish it in September 2008” [So you guys still don’t know whether it will happen in September]
At least for the first instance its fine but it seems to be a series of instances [What the hell you are all doing] Now it’s in open guess to employees by not giving the specific dates “Simply saying September 2008”.
You guys took the advantage of market condition/attrition rate. We see the real face/kind heart of you guys to your employees [Money earning cow in your jargon] everyone will have there own commitment on there salary from a lay man to techie….. [Don’t ever talk about process to any client or employee if you can’t follow it]. I hear from HR and finance for ages if we ask any clarification in policy they simply ask us to refer power on [Do u guys have a process/policy for appraisal?]
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Guys the truth is there would be no Hike.This is the latest update.Satyam is in the process of getting takeover.
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What ever it may be , The people sitting in HR unit should inform the employees whether there is an increment . If it is not there inform emplyees directly what is the big deal in that.
“Satyam” - Means no Communication between HR and Employees”. Really Bad situation……..
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satyam is not good company to stay long term
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Employees at India’s 4th Largest IT Company - Satyam Computer Services Ltd., frustrated by the fact that Management continues to turn a deaf ear to their cup of woes, have decided to go on mass leave on the 2nd of September. This is likely to have a huge impact on Satyam’s earnings this quarter. According to sources, Employees are extremely upset at the fact that management & HR have once again delayed the Appraisal Process by a month. The Entire Appraisal Process had initially been delayed for 2 and a half months.
There are also reports doing rounds that Satyam is bleeding due to the state of affairs in the UPaid Case. Satyam Management, in a desperate attempt are also in talks with undisclosed companies for a possible take over bid.
Investors ought to continue to monitor the internal turmoil within the company .
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Good Headlines for this UPAID case.
———————————–
http://indiablogs.searchindia.com/2008/05/14/satyam-computer-screwed-in-forgery-case.
————
Upaid spokesperson Joanne Hunter commented, “We think this case is of considerable importance. Satyam is one of India’s largest and best known providers of outsourced software services. As they themselves said last Friday, the Court of Appeal result is likely to be very detrimental to them and a lot is at stake. This is a very serious case of misconduct that involves fraud and forgery by one of India’s leading software companies. The damage done to Upaid has been made even worse by the time wasted in London while Satyam tried to avoid the consequences of their own actions, rather than doing all it could to help a former customer by addressing the substantive issues raised in Texas. But, with the London issues out of the way, we can now look forward to dealing with what really matters in Texas, where the forgeries first came to light.”
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hi,
official information is S and M rating guys below 10 %. it will effect nov. no apprisal for upto A rateing. after HR Meeting with employees in hyd.
for chennai people they arranged the meeting on sep 02 2008. they will explain the situation.
keep work for company.
one of the satyam employee
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satyam will give 2% hike
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What the crap yaar ???? Lot of discussions …. when the hell is the meeting in Chennai ???? We have not got any mail till now………. Can anybody tell ????
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Not sure why therre is delay in appraisal 08..
But Satyam is loosing its value…
All satyam ppl are spreading bad news about satyam…
This is not good for satyam.
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Hi,
guys, Satyam meeting is postponed to friday ( 5-sep-2005). because of holiday in banglore and hr is not available on the day. i will let know the status after finishing the friday meeting.
dont angry satyam will do some good.
thanks
Satyam Emplyee
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Hi,
It is just a bad management. What is big in informing the associates time to time regarding the delay so causing no chaos among the associates. As HR people are just like other associates so blaming them won’t be fair.
It demands some one from management to answer the reality. The point is be true to your associates. You have big client base and you need not to worry about the telling the truth.
So appeal is to come out and say the truth, at least internally to your associates… the real cause of delay.
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http://infotech.indiatimes.com/News/Wipro_gives_pink_slips_to_1000/articleshow/3457294.cms
Satyam is planning on layoffs too….those on bench will get the boot…Aptitude tests have alrady begun here. Dont know what is going to happen. It will be the after a long time Satyam will be giving away pink slips. Hope these bad time go by very quickly but as the experts are saying its gonna stay like this for 2 more years. Indian IT industry in going down the gutter.
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satyam BPO is a shit
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plz dont join satyam bpo.it is a worst call center
no work.
only games
no body dont know anything in the company
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plz dont join satyam bpo.it is a worst call center
no work.
only games
no body dont know anything in the company
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Satyam is already started the terminated process. Whats our condition i dont know.
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I worked for Satyam during year 2006 (about 8 months) and then work for a USA based MNC and when after 2 and a half years, I changed my job (from USA based to some other company) then I came to know that I am a absconder in Satyam even when I have all the documents (Salary Certificate/Releaving Letter/Experience Certificate/Form 16/Full and Final Settlement) with me.
Please let me know what action should I take against this unethical company?
They will send the ‘ABSCONDED’ status in each and every BG verification when I change my job.
I am thinking for the Legal Action against Satyam.
Please suggest me.
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Hi,
The appraisal result are out…and the hike was 13 %. this is all for your information
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Hi,
All of you will layed off soon.
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Satyam is asking employees to click EXIT,not giving pink slips.The ones who do not oblige will be made to through termination process.
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Wats happening with Satyam? Any hints as to whether it will be able to survive through the UPAID case? i hear not nice things ll the time about this UPAID thing.The weak market coupled with the UPAID case, seems to have made life a nightmare for satyam.
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Yeah Sanhita, u right, i know peopel who have been asked to resign without any PIP’s or anything. Jus a mail to meet the HR and then he/she is asked to resign- on gun point. when asked fro a day or two’s time, they are denied that as well.
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SATYAM SUCKS……
ONSITE people will not be getting the salary increments at least till OCT. Let us see the timeline.
The whole thing is about last year’s appraisal i.e. Apr 2007- Mar 2008 and see when the people get the visible effect
—– AFTER 7 MONTHS……..
and to claim that Satyam is one among the top is all Bu..Sh…T
If it takes 7 months for people to get any value out of their last year efforts it speaks volumes about the company processes as well as moral ethics. While any billing to client is raised right on time,come it rain, sunshine, storm, but for IT labour class all the BS reasons can be applied by Satyam to act on time.
WELL Satyam hang on lot of people will KICK U where it hurt u most…… I will be among them 1st…….
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satyam will fire 5000 people sooooooooooon
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Satyam computers have been banned by Word Bank to do any offshore work with them.. the bank had shut the link between World Bank and Satyam Computers - Chennai.
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if there are no employees left in satyam whom will they appraise?
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Hi, Still satyam has not given apprisal letters to some untis..anybody know da reason?
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Hi All,
I am a satyam employee and I have still not received my Appraisal Letter. On enquiring with HR, I found out that the management is still working on the appraisal and would be closed shortly. This is very frustating.
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I am a Satyam employee and situation is ok here…
It’s all rubbish what people are talking…
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