Wipro attrition rate at 23.3%; adds over 10,000 freshers in Q1

The Indian IT industry has been struggling to retain talent and for a few quarters now, the top IT companies are reporting over 20% attrition rate.

Published: 21st July 2022 07:48 AM  |   Last Updated: 21st July 2022 07:48 AM   |  A+A-

Wipro’s Thierry Delaporte. (File Photo)

Wipro’s Thierry Delaporte. (File Photo)

Express News Service

BENGALURU:  The Indian IT industry has been struggling to retain talent and for a few quarters now, the top IT companies are reporting over a 20% attrition rate. In a step to retain its talent, Wipro to offer promotions to its employees every quarter starting July, and salary hikes from September. “The quarterly promotions have been effective this month, and also salary increases for those eligible in September 2022,” Wipro CEO Thierry Delaporte said, adding this is very new to the industry. 

The company’s attrition rate stood at 23.3%, and this is said to continue for a few quarters before stabilising. The company’s total headcount stood at 2,58,574. Tata Consultancy Services has reported an attrition rate of 19.7% and HCL’s attrition rate jumped to 23.8% as of June 30, 2022. 

Delaporte said the company’s attrition is moderate compared to the previous three quarters, and he expects it to moderate too in coming quarters. “We have added over 10,000 freshers in the first quarter, and we will be adding over 30,000 in FY23, and there is no dearth of quality among freshers,” Wipro Chief Human Resources Officer and President Saurabh Govil told TNIE. Also, many start-ups are laying off and the talent might move to the IT industry considering its stability.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp