Wipro has robust hiring plans globally for Q4, Attrition is a concern

Wipro surpasses Cognizant in market capitalization
Wipro is now the fourth-most valuable IT services firm globally after Accenture, TCS, and Infosys. The company is signaling renewed investor confidence in Wipro nearly a year after its new CEO, Thierry Delaporte took over.

Wipro has robust hiring plans globally for the Quarter ending on March 31, 2021. Employee attrition is a concern

Announcing the Q3 results, Wipro said that it has robust hiring plans for Q4 ending on March 31, 2021 as demand rises for various roles. The company to onboard a mix of freshers and laterals including senior leadership roles during the fourth quarters.

“Wipro is looking to have a hybrid model for hiring and scale up the capacity of its online test for freshers,” said chief human resources officer Saurabh Govil while announcing Q3 results on January 13.

“The company has employed somewhat over 5,000 individuals in October-December and onboarded about 2,900 freshers,” he added. “We have hired in the US, Europe, and India. We will continue to hire in Q4 across the board and onboard freshers…,” Saurabh Govil, said.

“Wipro has been on flat attrition quarter on quarter, he mentioned, however, cautioned that it could improve because of the scarcity of know-how expertise throughout the business,” Saurabh said.

He added, “I clearly see that we will be under pressure on attrition in the coming quarters. we have taken action as Thierry called out either by giving salary increases, 100 % variable pay, and promotions to our people but there is a war for talent. We will be working on other measures and activities to ensure that it does not impact on our Growth rate,”

Wipro total headcounts as on December 31, 2020 was 1,90,308. Govil mentioned the corporate would additionally recruit extra individuals within the subsequent fiscal yr than within the present one, without disclosing particulars. Wipro is hiring globally across. we are making big investments in Europe, US, and Asia pacific.

“We are also doing a large launch of the Wipro test which we do across the country. We will also continue to go to campuses. Both will happen,” he mentioned.

Wipro reported 20.8 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 2,966.70 crore for the third quarter ended December 31, 2020, compared to Rs 2,455.80 crore in the same period last year. The company has reported a consolidated revenue of Rs 15,670 crore, up 1.3 per cent from Rs 15,470.5 crore in December quarter of 2019.

On a quarterly basis, the gross revenue increased by 3.67 per cent. For the October-December quarter, the company’s operating profit jumped by 24.2 per cent to Rs 3,381.3 crore, from Rs 2,723.3 crore in the year-ago period.



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