Photo Release -- iGATE Named India's Best IT Employer for the Year 2012
Ranked No. 1 in the Dataquest-CMR Best Employers Survey
Retains Its Position in the Top Three for the Sixth Time in a Row
FREMONT, Calif. and BANGALORE, India, Oct. 15, 2012 (GLOBE NEWSWIRE) -- iGATE (Nasdaq:IGTE), the first integrated Technology and Operations Company providing Business Outcomes-based solutions, today announced that the company has been ranked number one in the Dataquest-CMR Annual Survey of the Best Employers in India in the IT industry. For the sixth year in a row, iGATE was ranked among the top three employers and the number one employer for the second time.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15202
Commenting on iGATE's performance in the Best Employers Survey, Ed Nair, Editor, Dataquest said, "I congratulate iGATE for their consistent performance in the Best Employers survey. This year, the company has ranked No.1 in areas of company culture, job satisfaction, training and development, salary, appraisal system, and was chosen as the preferred employer in the IT industry by external as well as internal employees."
Accepting the award, Srinivas Kandula, Global Head of Human Resources, iGATE said, "We are delighted to continue our strong leadership position in the Best Employers Survey. This ranking bears testimony to competency-based HR framework and egalitarian work culture. We look forward to continue our endeavor of providing an enriching environment and best-in-class practices to our workforce."
The survey was designed and carried out in two phases. In the first phase, HR questionnaires were sent to around 200 IT companies. These spanned systems to software companies, both domestic and exports players. The questionnaire sought information on areas such as employee strength, salary structure, training days, tenure of top management, etc. Of the 200 companies, 49 companies participated in the first phase. Out of these, 38 companies were then shortlisted for the second round i.e., the employee survey based on parameters such as Total Employee Size; Average Tenure of Senior Management; Total Average Training; Retention Rate; Average Salary Hike (in Percentage).
About Business Outcomes
iGATE's industry-first Business Outcomes-based approach focuses on the realization of tangible and measurable results, unlike traditional models which are driven by work, effort, time and manpower. By integrating technology and processes in a proprietary way and pricing services on results, iGATE exchanges fixed costs for a variable cost structure in an attempt to get clients to 'pay for results only' while enabling them to adjust to the peaks and valleys of their demand.
iGATE Corporation (IGTE) is the first integrated technology and operations (iTOPS) company providing full-spectrum consulting, technology and business process outsourcing, and product and engineering solutions on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS platform, iGATE's multi-location global organization has a talent pool of over 27,000 employees and consistently delivers effective solutions to over 300 clients including Fortune 1000 and Global 2000 companies spanning verticals such as: banking and financial services; insurance, healthcare and life sciences; manufacturing, retail, distribution and logistics; media, entertainment, leisure and travel; communication, energy and utilities; public sector; and independent software vendors. Please visit www.igate.com for more information.
iGATE Corporation is listed on the NASDAQ Global Select Market under the symbol "IGTE."
The iGATE Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5150
The photo is also available via AP PhotoExpress.
CONTACT: Prabhanjan Deshpande "PD" Corporate Communication and Media Relations PD@igate.com +91 80 4104 5006
Source: iGATE Corporation 2012 GlobeNewswire, Inc.