Satyam completes employee appraisal

The employee performance appraisal process at Satyam Computer Services (re-branded as Mahindra Satyam) is complete and the results will be out in a couple of weeks, according to a top official of the IT outsourcing company.

“The entire exercise (appraisals) involved 35,000 associates, as they are called at Satyam, including 7,000 from the virtual pool programme (VPP) and 3,000 subsidiary staff. Sales incentives and other benefits have also been enhanced. The company is now looking at various options on how to improve monetary gains to the employees shortly,” he told Business Standard, while declining to give more details.

Reiterating that the VPP was only a one-time initiative covering 7,500 associates and there were no plans to repeat it, the official said the company had already called back 1,200 and would recall 1,500 more in the next one to one-and-a-half months as the company had been bagging new logos.