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Raja Simhan T.E.Companies:
Wipro LtdPublication title:
BusinesslineMore options
Wipro aims to stem attritionRaja Simhan T.E..Businessline.
Chennai:Mar 5, 2004. pg. 1
Abstract (Summary)
Chennai, March 4 - WIPRO is attempting to bring down the
attrition rate in its IT arms to single digitin the near future,
from about 15 per cent during the last fiscal.
Though a timeframe was not given for reducing the attrition
rate, a company's top official said that therecovery in the
sectoris putting pressure on top software majors, including Wipro,
to retain critical
talent.
"The talent mobility builds up pressure on attrition. Our
attempt is to be more manageable on attritionand not end up losing
critical talent. There is more pressure now to retain experienced
people," saidMr Pratik Kumar, Corporate Vice-President, Human
Resources.
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(349 words)(Copyright 2004. Financial Times Information Limited
- Asia AfricaIntelligence Wire. All MaterialSubject to
Copyright.)
Chennai, March 4 - WIPRO is attempting to bring down the
attrition rate in its IT arms to single digit inthe near future,
from about 15 per cent during the last fiscal.
In other words, for every 100 employees, 15 left Wipro, one of
the largest Indian software firms, lastyear.
Though a timeframe was not given for reducing the attrition
rate, a company's top official said that therecovery in the sector
is putting pressure on top software majors, including Wipro, to
retain criticaltalent.
"The talent mobility builds up pressure on attrition. Our
attempt is to be more manageable on attritionand not end up losing
critical talent. There is more pressure now to retain experienced
people," saidMr Pratik Kumar, Corporate Vice-President, Human
Resources.
Salary increase in the IT industry tends to be higher now than
two years back.
But the increase is not arbitrary as it was during the previous
bull period five years ago.
Learning from the past, companies would be more responsible on
salary hikes this time. There is alsono over-eagerness among
players, he told Business Line.
For the quarter ended December 2003, Wipro had 27,137 employees.
This includes 17,681employees in IT Services and 9,456 employees in
IT-Enabled services (ITES).
This represented a net addition of 2,872 staff - 1,908 in IT
Services and 964 people in ITES.
According to Mr Kumar, the company's strong brand image, as
employer of choice, will act as a pull forpeople towards Wipro.
As in the past, campus recruitment will continue to be
substantial. However, he did not divulge numberof students
recruited from campuses.
The company's next major initiative on recruitment is making a
concerted effort on talenttransformation at the campus level.
From the date of issuing the offer letter, it takes 8-9 months
for fresh graduates to join the firm.
"It is a long time. Large recruiters should come to some kind of
understanding so that we do not gothrough the process of
recruitment 9-10 months in advance. We need to be fair to students
as well," hesaid.
Indexing (document details)
Companies: Wipro Ltd
Author(s): Raja Simhan T.E.
Publication title: Businessline. Chennai: Mar 5, 2004. pg. 1
Source type: Periodical
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