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Wipro fights attrition with salary hike


IT major Wipro Technologiesthat employs around 122,385 people, has announced salary hikes effective June 1, 2011, in an effort to retain its manpower. The wage hike is in the range of 12 to 15 per cent for its India-based staff and 3 to 4 per cent for employees working at client locations.
As high attrition rate is alarming the IT and BPO majors in the country, Wipro said it is working towards employee retention and keeping the employee spirits high.

Plans to increase on-site working opportunities

CEO T K Kurien, who has been spearheading various employee engagement programs, shared that various teams would work towards building employee skill, helping them understand the customer business, their needs and this would also mean more on-site opportunities for the employees.

Wipro


“Employees are an important aspect of the company's health. We want our employees to be more excited about their company and they should see a career growth opportunity here. We want to give them opportunity to go out there, see the customer and learn their technology,” he said after the financial results were anounced here on Wednesday. This could be an interesting move for the company in ensuring employee retention at the entry and mid range level, since engagement programs, on-site opportunities and salary hikes are considered accelerators of employee satisfaction.

Voluntary attrition 22.7 p.c. in FY 10-11

Pratik Kumar, executive vice president, human resources, Wipro Limited and president, Wipro Infrastructure Engineering, shared that the company is looking at increasing employee communication by organizing events and engagement programs.
He said, “We are giving salary hikes effective June 1, 2011. TK and the team has built up a calendar transparently communicating that every year the cycle for work review and salary appraisal will happen effective June 1.”
The IT services division saw the voluntary attrition going up to 22.7 per cent in FY 10-11 against 12.1 per cent on FY 09-10 In the fourth quarter it came around 20.9 per cent, marginally lower than 21.7 per cent last quarter.



Source: April 27, 2011 , EE Times