Hexaware Technologies: A Pleasant Surprise

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High Scores
"Strongly agree" borderColorLight=#e8e4e8 border=1>
	Score	Industry Rank
Less stress at work	100.0	1
Encouraged to take risk in work	91.5	2
Regular and constructive feedback	92.1	4

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Low Scores





"Strongly

agree"

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Score

Industry Rank





High standards of corporate governance

90.8

14



High value on honesty and integrity

89.4

17



Conducts business fairly

89.8

16

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Dream Job





"Strongly

agree"

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Score

Industry Rank





Work-life balance

39.6

9



Growth opportunity/career development

47.9

4



Organization culture/work climate

36.5

11

Strengths:

A host of growth initiatives from the company keep employee morale high. Moderate satisfaction on job design, appraisal process, and training



Weaknesses:

Some dissatisfaction over compensation



Employee Size



2002-03,

1,429



2003-04, 2,782



2004-05, 4,044

A new participant in the Best Employers rankings this year, Hexaware

Technologies, with a growth rate of 61%, was the fastest growing software

services company for the fiscal ending 2004-05 (among the Nasscom Top 20).

Incidentally, Hexaware (minus its BPO operations), ranked 32 in our DQ 200

listing, recording a topline growth of 51%.

PK Sridharan, executive director

It was a particularly happening year for Hexaware. The company launched its

SAP practice, set up a dedicated business intelligence and data warehousing lab

in Chennai and opened a new office in Germany. A high retention rate (rank #3)

and  salary increments matching the industry average helped Hexaware rank

#11 on our HR scorecard. The company ranked #6 on overall employee satisfaction.

Hexaware's performance on most of the employee satisfaction parameters was

consistent. However, employees did express some dissatisfaction over the current

salaries offered.

Nearly 44% of the employees surveyed felt that the compensation offered was

lower than the industry standard. Similarly, over 57% of the employees admitted

that they would quit the organization for better pay packages. This could be a

potential area of concern for the management.

The survey also revealed some disengagement between the employees and the

organization. However, a large number of employees surveyed revealed high levels

of satisfaction regarding growth opportunities at Hexaware, the work-life

balance offered and the organizational culture and work environment. The company

ranked #9 and #13 on the parameters of 'preferred employer' and 'dream company'

respectively.