Here are IT companies which according to the survey qualify as Best Employers in India.
HCL Technologies
Topping the list of Hewitt's Best Employers in India survey is the country's fourth-largest IT services provider HCL Technologies.
Software major HCL Technologies is the country's best employer for creating a positive work experience for employees and its long-term approach amid challenging conditions, says the study by global HR consultancy. The company follows a Five-Fold Path to individual enlightenment which includes Support, Knowledge, Recognition, Empowerment, and Transformation.
However, the company seems to be feeling the pinch of global economic slowdown. To mitigate pressures on its operating margins, the company has reportedly announced a salary freeze through 2009-10.
The company has also cut retainer bonus, which averages 10 per cent of an employee's salary, from April 1. HCL is also reportedly looking at suspending matching contributions to employee retirement plans.
Cisco Systems
The second IT company on the list is Cisco Systems India, ranked at no. four on the over all list. The worldwide leader in networking for the Internet has sales and marketing operations spread across key cities in India and a software development centre in Bangalore.
Cisco Systems India started operations in 1995. India headcount is over 4000, including R&D, sales and business support staff. Cisco Global Development Center in Bangalore is the company's largest outside the US.
Globally, the company claims to focus on collaborative efforts that give employees more say in decision-making. Flexibility, trust, and empowerment are touted as the hallmarks of the employee-employer relationship at Cisco. Flexi work time, telecommuting, parenting and work opportunities also go a long way in making the company an employee favourite.
LG Electronics India
At no. 8 on the list of Best Employers in India is another technology company LG Electronics.
What makes the company a part of this list are its array of employee-friendly programes. The company has a family ambassador programme where a dedicated mentor goes to the employee's house and talks to his family, discuss their problems. According to another programme, employees are given a chance to visit Korea on completion of specific years of service.
LG Electronics India also believes in no demarcation between junior and senior employees. In February, the company reportedly gave a special 150% ‘teamwork’ bonus to employees who completed two years in the organisation. It has also announced cash awards of Rs 1.5 lakh for employee kin gifted in music and painting.
However, the economic turmoil has not left the company unscathed. The company aims to save about $384 million through cost cutting and efficiency-improvement measures in 2009. It claims to have renewed its focus on cutting overhead costs and on wastage elimination. For instance, it has reportedly made uniform shift timings for all employees, which reduces transportation costs. It is also making use of the video conferencing facility to cut travel costs.
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