Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay
- The new offers will be made in the upcoming placement season.
- The IT major roughly hired 10,000 people during last placement season and is planning to reach nearly 20,000.
- For graduates with digital knowledge, starting pay may be twice (₹600,000) the regular packages of ₹350,000.
The move is to counter shortage of digital professionals in order to meet client orders efficiently as higher attrition disrupted company’s performance largely.
Wipro, which is the fourth largest IT major in the country, is seeking fresh talent that can be trained with advanced digital skills. It’s also reportedly offering a starting salary of ₹600,000 per annum to students with digital skills, according to the ET report. While the average salary for other set of employees will be ₹350,000.
The company is also aiming to keep a check on its attrition rate at 14%-15% for the upcoming quarters. Wipro saw staff turnover of over 17% in the current fiscal. It’s important that this number is brought down given the pressure to compete with peers across the US and other markets, say experts.
Wipro also recently gave out a one-time bonus to its employees that have been hired via campus selection and have less than five years of experience.
However, the overall attrition rate has increased to a 20% for the four IT majors including TCS, Infosys, Wipro and HCL Technologies, according to an analysis by staffing agency, The Head Hunters.
According to the ET report, the last placement season saw a significant dip with the company hiring less than 10,000 freshers, which was half of what they usually hire during the peak season. The slowdown in hiring was apparently in part due to increasing automation at software companies.
On the other hand, during the financial year 2017-18, the four homegrown ITs increased their employee headcount to 13, 972, in contrast to 59,427 the previous fiscal.
Out of the top four Indian ITs, TCS has also been hiring a large number of engineers through campus placements, and has rolled out 28,000 offers to fresher graduates.
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