Exclusive: Salaries up at Sapient after market correction
The tech company is said to have given a raise to 20-25 per cent of its workforce to bring salaries at par with market standards.
Diksha Gupta, Techgig.com
Ahead of appraisals, Sapient India is said to have corrected the salaries of a large number of its employees to bring their compensation at par with market standards.
"Around 20-25 per cent of the employees have been given raise in a bid to bring their salaries at par with market standards basis their experience and skill set. This hike is beyond the regular yearly appraisal, which the company announces in July each year," a company official said, not wanting to be named.
The market correction hike offered to employees ranges between 5 and 8 per cent, the official said.
When asked about this move, the company refused to comment.
However, Rajdeep Endow, managing director, Sapient India, said, "We are seeing tremendous demand for our services and we anticipate a high growth this year. As seen in our 'Troublemakers' campaign, we aim to hire people who are passionate about making an impact on clients' businesses, have deep skills in business, technology or marketing and are strong culture fits. Our culture, our policies and our compensation are aligned to support this growth."
As reported earlier, Sapient is looking to increase its headcount by 20 per cent by this year end, under its highly publicised 'Troublemakers' campaign.
Speaking to TechGig.com during the launch of the campaign in April 2016, Endow had said, "We're looking to hire people across all career stages and across all disciplines. We are looking to hire strategists, brand creators, storytellers, technologists, architects, mobile app developers and all kinds of people associated with our business goals, but everybody with the spirit of troublemakers within them".
When asked about the possible stagnation in market which is forcing many companies to lay off employees, he said, "We are looking to hire people and it would be a rather silly idea to let go of people."
(Read more: Are you a 'troublemaker'? Sapient is looking to hire you )
Sapient has been extensively investing to improve the quality and retention of its workforce. The company stresses on hiring millennials and has conducted an extensive research to understand the needs and behaviour patterns of this breed of employees.
According to a study by research firm for Sapient, millennials look forward to monetary benefits, growth, learning and work life balance from their career.
This recent market correction initiative seems to be a step in the direction of having satisfied employees.