Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.

Abstract

Triggered by the sub-prime mortgage crisis, the US financial crisis (2008) resulted in engulfing the world economy with a sudden downfall in all the major economic indicators leading to unprecedented layoffs. Amidst these layoffs, Satyam Computer Services Ltd was hit by an internal financial scam, aggravating its situation more than any other Indian IT company. As the future of the company hung in a dilemma, Tech Mahindra bought a controlling stake in the organisation and declared that it had to solve the problem of surplus workforce at Satyam which ranged between 7,000-10,000 associates. Amidst speculations of massive job losses, the company announced an innovative scheme - the virtual pool programme (VPP) - to address the issue of surplus workforce while at the same time retaining talent. However, can VPP be seen as an effective talent management strategy amidst downturn? VPP has also been seen as an indirect way of laying off people.
Location:
Other setting(s):
2009

About

Abstract

Triggered by the sub-prime mortgage crisis, the US financial crisis (2008) resulted in engulfing the world economy with a sudden downfall in all the major economic indicators leading to unprecedented layoffs. Amidst these layoffs, Satyam Computer Services Ltd was hit by an internal financial scam, aggravating its situation more than any other Indian IT company. As the future of the company hung in a dilemma, Tech Mahindra bought a controlling stake in the organisation and declared that it had to solve the problem of surplus workforce at Satyam which ranged between 7,000-10,000 associates. Amidst speculations of massive job losses, the company announced an innovative scheme - the virtual pool programme (VPP) - to address the issue of surplus workforce while at the same time retaining talent. However, can VPP be seen as an effective talent management strategy amidst downturn? VPP has also been seen as an indirect way of laying off people.

Settings

Location:
Other setting(s):
2009

Related