The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper

    Wipro employees to get bumper promotions this year


    The Indian IT major has decided to promote 5,000 employees this year, which is double the number of promotions it rolls out in the December last year. The promotions will be given for the employees with experiences of five to eight years.

    According to a news report, employees at L1 level would be promoted to L2 level and L2 staff would be promoted to L3.
    Wipro will promote over 5,000 employees by December as it looks to retain crucial younger talent with digital skills within its fold in a market that is witnessing high demand for such professionals, similar to the early 2000's.

    Wipro and its peers such as Infosys have seen high attrition in the three-five year experience level as there is a global demand for people with such skills. With more customers of these IT services companies shifting to digital technology such as cloud computing led or artificial intelligence driven operations; companies are rushing to bridge the skills gap.

    Besides rival IT services companies, global firms that are setting up captives in India are poaching people with digital skills and ramping up their teams in the country.

    Saurabh Govil, president and chief human resources officer at Wipro told ET that the 5,000 people promotion is in addition to the good hikes that were given to people with digital skills.

    Wipro had paid retention bonus of Rs one lakh to freshers who were hired from campuses and have completed one year with the company.

    Wipro has reduced attrition in the quarter to Septmber to 17%, lower than previous quarters.

    "Our interventions is helping us to retain people," said Govil.

    Also Read

    3 Comments on this Story

    hari krishna Johri402 days ago
    Always hearing good news from Wipro be it employees of Wipro or the philanthropist acts .Keep it up & be an example for other Industrialist as how to take care of good employees to grow with in Organization.
    True Indian402 days ago
    This additional remuneration will prove fatal one day in future.
    Anantha Krishnan402 days ago
    Not sure how long can this go on. This will blow up in their face one day in the future.
    The Economic Times