Patni Computer Systems Ltd, which is in news owing to a proposed stake sale, has now unveiled its strategy to execute its future plans and is looking to hire more than 800 employees at the entry level this year. The company, at present, has a total of 14,000 employees globally.
The new global HR head of Patni, Rajesh Padmanabhan, said, ?Attrition in Patni is 24% at present and the retention of talent is the biggest challenge for me. We plan to hire maximum graduates, which will be our focus area going forward.?
The company is looking to hire large number of candidates across the board. Declining to give specifics Padmanabhan says, we plans to focus more on training and development and career path building of the company?s employees.
Patni hired 800 employees at the entry level in the last one year and expects to maintain the same this year as well.
?Our focus will be on human capital management, i.e., taking the company forward in terms of higher engagement, coupled with developmental measures,? adds Padmanabhan.
Talking to FE about the impact of media reports on a proposed stake sale on the current employees of the company, Padmanabhan said, ?We have maintained a stand that none of the owners or investors are going to sell their stake in the company. And until now, none of the employee has posted any query on the same.? The company is trying to be more innovative to reach out to more and more talent that is available, Padmanabhan said, adding that it is prepared to hire talent from overseas as and when required.
Two of the three brothers, Ashok and Gajendra Patni, who founded the software services firm, owns about 14.87 % and 14.42 % stake respectively and reportedly want to sell their stake in the company. Narendra Patni, the other brother, also holds 14.69% stake in the company.
Private equity giant General Atlantic Partners holds a 16.38% stake, and according to reports, the PE player might exit if the price is attractive.