Thursday, June 11, 2009

Virtual Pool Program

This innovative program, named ‘Virtual Pool’ is applicable to those based in India and allows associates to take time-off from work on a reduced pay structure - for up to six months - while they continue to retain their employment with the company. The company anticipates that approx 7,000 to 10,000 associates will be part of this program, during the period that it is in operation.

"The Virtual Pool program is an innovative way of retaining the excellent human assets of Satyam despite the difficult global economic situation. The recessionary climate that has seriously affected the IT industry, in addition to the unprecedented set of events that Satyam faced recently, has added to its pressures. The Virtual Pool Program is a unique way of retaining associates and developing them further through training, while ensuring the financial viability of the company,” said Kiran Karnik, Chairman of Satyam’s Board.

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