To: Narotham Reddy who wrote (1743 ) 6/2/1998 8:56:00 PM From: P. Ramamoorthy Read Replies (4) | Respond to
Narotham - The issue of labor shortage is nothing new. Bharat Desai mentioned this issue during the last conf call and it was a grave concern for him as he put it "...shortage of workers and ability to retain the skilled workers kept him awake at night.." The steps SYNT has taken (since 1Q98) to address this problem are: employee stock incentive plans/options, career development and training within SYNT, etc. I forgot what he called this program. SYNT is not sitting idly and waiting for some "analyst" to point out the shortage problem. It was Bharat Desai's business to know it early and find solutions. Other outsourcing (y2k or non-y2k) companies (KEA, CMND, SEEC, IMRS, etc.) know it too. SYNT Investor Relations will be happy to elaborate on their employee retention program. Remember, keeping trained employees is more important (productivity) than hiring new people and spending dollars to train them. (You know about the numerous centers for basic computer training in India. I see no shortage there.)
