NASSCOM announces the Top 15 – “Exciting Emerging companies to Work for”- 2008
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We released the findings of our second annual survey – ‘Exciting Emerging Companies to work for’, along with the ranking of top 15 emerging companies in the IT-BPO sector in India. The survey looked at HR practices to benchmark the small and mid-sized IT-BPO organizations in India. We had over 13,000 employees from 61 companies participated in the second edition of the survey.
Recognising the performance, proliferation and increasing importance of emerging companies within the IT-BPO ecosystem, NASSCOM has been actively tracking their evolution and growth. In the last three years around 371 start-ups have become operational in the Products arena.
Emerging companies are sought after by career seekers for their close knit, non-hierarchical work environment, culture of innovation and commitment to employee empowerment. The focused approach of the these companies makes them the perfect platform for nurturing specialised talent and building cross functional skills.
The objective of this survey therefore, was to identify the best small and medium sized IT-BPO companies to work for. This survey aims to provide participating companies with insights on their employees’ perceptions on the work environment, work culture and degree of satisfaction and examine the robustness of their HR systems and processes. At an industry level this survey will help companies to learn best practices from their peers and enhance the overall employer branding of this segment.
Top 15 Exciting Emerging Companies to work for – 2008
- HeroITES
- Corbus (India) Pvt. Ltd
- AgreeYa Solutions India Pvt. Ltd.
- Nagarro Software Pvt. Ltd.
- R Systems International Ltd.
- Synygy India Pvt. Ltd.
- Acclaris Business Solutions Pvt. Ltd.
- Infogain India (P) Ltd.
- Hytech Professionals India Pvt. Ltd.
- Nucleus Software Exports Ltd.
- Sopra India Pvt. Ltd.
- Cactus Communications Pvt. Ltd.
- Interglobe Technologies Pvt. Ltd.
- H5 Asia Pacific Pvt. Ltd.
- Saba Software India Pvt. Ltd.
Key Analysis
- Employees across participant organizations believe that the following are the most critical considerations for them at their workplace:-
o Open and Caring Relationship with their Supervisors – team members can express their ideas freely
o Personal Recognition – Appreciate and recognize individuals contribution in all areas
o The existence and communication of Career Growth Options – informed about all career growth options
o Trainings for Current and Future roles – Trained and prepared for handling current responsibilities and taking up new responsibilities as well
o Open Relationship with Colleagues
- Career Development – There is a significant difference between the career development scores of the Top 15 companies and rest of the companies with those sharing career development plans with the employees scoring higher on the excitement index as compared to companies which don’t.
- Fairness & Equity – Employees of small companies (having strength less than 100) have better perception of their workplace with regards to fairness & equity
- Rewards & Recognitions – The difference between the scores of the Top 15 companies and the rest of the companies is the maximum in this dimension. The main reason being the fairness and transparency of the processes adopted by the Top 15 companies while deciding on the benefit schemes for its employees.
- Work Environment – The survey highlights organizations which are smaller in size have been able to meet their employees’ expectations on work environment better than mid-sized organizations.
- Work Satisfaction – Interestingly the survey revealed that companies’ investment in physical work environment condition does not seem to have any correlation with their Excitement Index. The key differentiators included in this dimension are enjoyment in working alongside a colleagues, culture of learning and fun while working.
- HR Systems and Processes in the Top 15 Companies are significantly better than the Rest of the Companies and that is the main distinguishing factor in the Excitement Index of the Exciting Emerging Companies 2008
Survey Process and Model
The survey ranks the participant companies on a composite score known as the Excitement Index which is arrived at after analyzing both the employee perception inputs (captured by an online perception survey) and the HR diagnosis inputs (captured by HR diagnostic study conducted for each of the participating companies).
The 4-part tailor-made procedure adopted for the survey ensured that both the employees’ and the employers’ perspectives were well reflected:
Employee’s Perspective – An on-line survey was designed to tap the employees’ perception of their respective organizations on five dimensions: career development (CD), fairness & equity (F&E), reward & recognition (R&R), work environment (WE) and work satisfaction (WS) as observed and practiced in their organization. It reflects an employee’s perception on the above parameters on the climate, attitude and satisfaction scale. An employee perception score has been generated for each participating firm
HR Diagnostic Study - A score for each participating company was generated, following an in-depth meeting with their human resource personnel, understanding the design and implementation of the HR systems and processes, and studying the related documentation.
The Industry Panel run-through – The survey panel comprised of industry experts as well as senior representatives from NASSCOM and Right Management India to ensure that no ambiguities were creeping into the system and that there was no experience or expertise bias
Analysis - The collated data was then calculated and analyzed to arrive at the final list.
The ranking for 07-08 is available online
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Well firstly congs for this report. Sorry but what i found from it is that it was totally a bias survey and cheap marketing technique. I know many of the companies and their HR head listed here who don’t deserve to be in top 100 even forget for top 15.
Ajay Singh
Director
GlobalHROutsourcing Limited