Wipro Plans To Hire 38,000 Freshers In FY23 | The IT giant, Wipro, announced its financial results on April 29 for the fourth quarter of 2022. According to the company’s exchange filing.
Wipro Plans To Hire 38,000 Freshers In FY23
The company’s revenue increased 2.7% sequentially to Rs 20,860 crore in the quarter ended March.
According to the company’s exchange filing, the company’s revenue increased 2.7% sequentially to Rs 20,860 crore in the quarter ended March.
Wipro is planning to hire nearly 38,000 freshers in FY23. In the previous fiscal year, the company employed 19,000 freshers, so this hiring is double that number.
Furthermore, the company added 45,416 employees for the year ended March 31, 2022, and the total headcount stood at 2,43,128. In FY21, there were 14,826 new employees added.
The IT major will also increase the frequency of promotion cycles for 70% of employees in junior bands quarterly.
Saurabh Govil, Wipro’s Chief Human Resources Officer, said, “the pressure continues as the demand is robust.”. He also said that they are charting out a career path for the next five years for the fresh joiners.”
Govil added, “As we onboard large numbers of freshers, we have given them a clear career path, both from a compensation and career standpoint for the next five years,”
The attrition worries all the major IT companies as it has been very high than that of the past couple of years due to a huge demand for technology services.
Wipro’s attrition stood at 23.8 percent in Q4 FY22 from 15.5 percent at the beginning of the fiscal year.
To manage attrition, the company has also shifted to quarterly promotion cycles for its junior employees. The demand for talent soared amid the shift to digital and attrition spikes.
Speaking about return-to-office plans, Thierry Delaporte, CEO and MD, Wipro said that they want the model to be hybrid and that they encourage people to come to the office.
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