High Scores | ||
"Strongly agree" | ||
Score | Industry Rank | |
Pay is good | 98.9 | 2 |
Immediate resolution of problems | 98.4 | 2 |
Fair appraisal system | 90.9 | 2 |
agree"
agree"
High compensation and a good work environment, which provided balanced growth and flexibility
Slipped on several satisfaction parameters. Employees expressed some disapproval on the appraisal process and support from seniors
Cadence Design Systems (India) has always been a consistent performer in our
survey. It slips marginally on employee satisfaction this year and manages a
'Four Star' ratings.
|
With just 481 people at the close of FY 2004-05, Cadence is one of the
smallest companies in the survey, which is understandable given its highly niche
domain operation. The largest R&D site of its parent company develops some
of the world's most sophisticated software for electronics design automation (EDA)
and provides design and consulting services.
Like Rolta, Cadence too falters on HR score, but makes up on the employee
satisfaction scorecard, to make it to the Top 5 in terms of composite score. It
slips on all the parameters on the HR scorecard except training, where it comes
(rank #2) just
behind Infosys. An issue of concern was the relatively low hikes given last
fiscal, but being one of the highest paying companies, Cadence scored well on
employee satisfaction on compensation.
Some areas of concern in future could be appraisal process (rank #4), people
(rank #5) and training (rank #11). However, a reason to cheer is that few
thought that these reasons were important enough for them to consider quitting
the organization.
And compensation remains Cadence's biggest strength. At #2, it is marginally
behind HCL Infosystems. But as our study revealed yet again that salary has
ceased to be the most critical driver for retention today. Cadence might need to
get its act together on some of the other satisfaction parameters. It continued
to suffer as a brand as only 2% of the cross-company sample considered it as
their 'Dream Company'.