Satyam employees caught in dilemma as big companies refuse to hire them, while small and medium firms offer low salary. They prefer big or nothing.

WITH Satyam employees shaken after the scam and Infosys chairman and chief mentor N R Narayana Murthy opening refusing to hire the desperate employees, small and medium IT companies are hawkish about the situation.

They are all prepared to offer jobs to these Satyam employees, but with a reduction in the pay package as they want to cash in on the current conditions. They have been actively poaching Satyam employees with the right skill and experience to join them and take up banking and financial projects.

Besides Infosys, other big IT companies are also reluctant to entertain resumes of Satyam employees.

According to Mahesh Sheka, Managing Director of Dialajob, a Mumbai-based recruitment solution provider, his company has received nearly 12,000 resumes in a span of 12-13 day after the Satyam crisis. Out of these, nearly 8,000 resumes are from Satyam employees.
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"The preference of the job seekers is to get into a sizeable company with good projects and someone who can offer the similar kind of CTC to them. But unfortunately, that is not happening. The offers are coming from small and medium companies," Sheka said.

Sheka, with rich experience in the recruitment and education industry, told MID DAY that though employees have sent in their resumes to various recruitment agencies, they are worried about joining small and medium companies.

According to him, Satyam employees feel that they are already in a mess and therefore do not want to increase they problems by joining small and medium companies that may not have many projects on hand. "These employees are hopeful that company may flourish under the new management and there it's not worth taking further risk," he said.
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Saurabh Shroff, former head of marketing of a Pune-based job website, feels the situation could gradually improve. This, he said, after looking at the quarterly results.

"These are bad times. But looking at the result, there is some reason to believe that things will improve in the long run once the small and medium companies start growing," he added.