K Rajani Kanth / Hyderabad Jun 16, 2009, 00:43 IST
Satyam Computer Services, which initiated a one-time ‘Virtual Pool’ programme (VPP) aimed at addressing ‘non-billable’ staff costs while retaining talent within the company on June 11, has launched an internal portal on learning services effective today.
“The portal will be accessible to both existing employees as well as the 8,000-10,000 associates who received sabbatical letters as part of the VPP. The internal portal provides modules on competency enhancement, outplacement services, coaching & counselling support for financial planning and project & knowledge management,” a Satyam spokesperson told Business Standard.
Satyam, which is treading on the recovery path after Tech Mahindra acquired a majority stake in it, launched the VPP for those based in India and even allowed associates to take time-off from work on a reduced pay structure for up to six months.
“Associates identified to be part of the VPP will continue to have access and guidance to continuously upgrade their skills, utilising Satyam’s learning programmes and mentoring resources,” the company had earlier said in a press release.
On the commerce ministry granting extension to the IT company’s two IT and ITeS special economic zones (SEZs) in Hyderabad and one at Thotlakonda in Visakhapatnam up to June 2010, the spokesperson said the company was planning to re-apply for the Vizag SEZ, as the land initially allotted belonged to the Navy.
“Now the Andhra Pradesh government is in the process of identifying an alternative piece of land to the extent of 50 acres. However, Satyam is yet to submit an application in this regard,” he added.
Bags award
Meanwhile, Satyam has received an excellence in practice award for talent preparation services and six excellence in practice citations for enterprise learning technologies, family learning, integrated project management, learning management review and re-skilling services from the American Society of Training and Development.
It is quite unfortunate that many new graduates who have been selected last year after foregoing their post graduation course, joined in your company have been asked to leave the company. Now you have virtually sending them out by giving a name Virtual Pool Programme. For their no fault, poor new freshers joined in your company is punished. When the new company i.e.Tech Mahindra is ready to take satyam assets and liabilites, it is unfortunate to note why they have not taken hidden strength of employees. Unnecessarily the poor employees with heavy dream were forced to feel sorry for having opted employment in your company. I think you will arrange to take the employees back by Tech Mahindra.
Raju's Satyam was better, he gave us uninterrupted salaries till January and also business went as usual !!! These new owners, went about the axing people in the name of virtual pool ~~
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