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<ul><li><keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword> is scouting for engineering graduates for its ‘Elite National Talent Hunt 2022’ — a programme for freshers across the country.</li><li>The registration process has already begun and the last date to apply for the opportunity is September 15, 2021.</li><li>The online assessment will be conducted on two tentative dates — September 25 and September 27.</li></ul>Indian information technology (IT) behemoth Wipro is scouting for engineering graduates for its ‘Elite National Talent Hunt 2022’ — a programme for freshers across the country. <br /><br />The registration process has already begun and the last date to apply for the opportunity is September 15, 2021.<br /><br />The selection procedure consists of two steps — online assessment and business discussion. Selected candidates will be given letters of intent and then an offer letter. <br /><br />The online assessment will be conducted on two tentative dates — September 25 and September 27. The assessment consists of three sections —<br /><br /><ul><li>Aptitude Test — Logical ability, quantitative ability, english (verbal) ability</li><li>Written communication test — essay writing </li><li>Online programming test — Candidates can choose any two programming languages out of Java, C, C++ or Python.</li></ul>The candidates will be informed of the results of the recruitment via email or by any other means of communication.<br /><br /><strong><cmsannotation type="cmsannotation" annotationid="Educational qualifications required for participating in the programme —" comment="subhead" text="Educational qualifications required for participating in the programme —"><span data-til="noop">Educational qualifications required for participating in the programme —</span></cmsannotation></strong><br /><br /><ol><li>All the candidates should be pursuing Bachelor’s of Engineering (B.E) or Bachelor's in Technology (B.Tech) or Master’s in Engineering (M.E) or Master’s in Technology from any central government recognised university and the year of passing should be 2022.</li><li>Candidates from Fashion Technology, Textile Engineering, Agriculture and Food technology are not eligible to apply for the programme.</li><li>An aggregate score of 60% or 6.0 cumulative grade point average (CGPA) or equivalent as per the university is necessary.</li><li>Candidates who are pursuing their bachelor’s or master's degree from correspondence or distance learning are not eligible to apply.</li><li>The candidates should have scored at least 60% in class 10 and 12.</li></ol><strong><cmsannotation type="cmsannotation" annotationid="Other general eligibility criteria for the programme —" comment="subhead" text="Other general eligibility criteria for the programme —"><span data-til="noop">Other general eligibility criteria for the programme —</span></cmsannotation></strong><br /><br /><ol><li>The candidates should be an Indian citizen or should hold a Person of Indian Origin (POI) card or Overseas Citizenship Card (OCI) card.</li><li>Candidates from Bhutan or Nepal need to submit their respective citizenship certificate.</li><li>Only one backlog is allowed during the time of online assessment.</li><li>The offer will be valid only if the candidate clears all the backlogs.</li><li>Only three years of gap is allowed between class 10 and graduation.</li><li>Candidates who appeared for any selection process held in the last six months are not eligible for the programme.</li></ol>Candidates who wish to seek more information and also apply for the opportunity can open this <a href="https://careers.wipro.com/elite">link</a>.<br /><br /><strong>SEE ALSO:<br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/ipo-bound-vijaya-diagnostics-is-planning-more-acquisitions-in-east-india/articleshow/85755911.cms">IPO-bound Vijaya Diagnostics is planning more acquisitions in east India to expand business</a><br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/the-federal-government-wants-to-take-on-apple-and-googles-increasing-dominance-of-australias-payments-system-heres-why-/articleshow/85756399.cms"><strong>The federal government wants to take on Apple and Google’s increasing dominance of Australia’s payments system. Here’s why.</strong></a><br />

Wipro is inviting engineering graduates for its freshers’ hiring programme across the country

<br /><ul><li><strong>Wipro — the fourth largest IT services company in India — is planning to hire technical sales professionals with knowledge in cloud, cyber security and engineering services.<br /></strong></li><li><strong>The company is looking for people who have prior experience in multiple service line deals worth over $10 million (nearly ₹699 million).<br /></strong></li><li><strong>According to an ET report, the move is aimed at securing more and larger traditional deals.</strong></li></ul>In the backdrop of the ongoing job crisis in India, the IT sector hiring appears to be rebounding, <a href="https://www.businessinsider.in/hiring-tcs-infosys-wipro-and-others-up-12-months-in-a-row/articleshow/69019342.cms">growing</a> in double digits over the past few months. <br /><br />Wipro — the fourth largest IT services company in India — is planning to boost its hiring efforts to <a href="https://economictimes.indiatimes.com/tech/ites/wipro-to-scale-up-sales-team-to-win-deals-and-influence-growth/articleshow/69243501.cms">expand the sales workforce</a> across geographies, ET reported.<br /><br />The IT major is reportedly looking for technical sales professionals in specific areas including cloud, engineering services and cyber security services that will cater to the markets in Australia, the US and the Middle East. <br /><br />“Wipro is…bringing in new blood and has tasked recruitment firms to look at bid and account managers,” ET reported. <br /><br />According to the jobs that Wipro advertised on its <a href="https://careers.wipro.com/">portal</a>, the company is looking for people who have a prior experience in multiple service line deals worth over $10 million (nearly ₹699 million). <br /><br />Earlier in January, the company <a href="https://www.businessinsider.in/wipro-campus-placements-to-double/articleshow/67719782.cms">reportedly doubled its campus hiring</a> along with salary hikes for graduates with digital expertise such as in big data and analytics. Wipro had been planning to hire fresh talent that can be trained with advanced digital skills. <br /><br />According to an ET report, the move is aimed at securing more traditional deals. The initiative comes as the IT company recovers from underperformance in the past years, fetching higher profits in the recent quarter. The IT sector faced a challenging time back in 2017, laying off nearly 56,000 professionals as automation took over the technical job market.<br /><br />According to the <a href="https://www.businessinsider.in/hiring-tcs-infosys-wipro-and-others-up-12-months-in-a-row/articleshow/69019342.cms">World Economic Forum (WEF)</a>, the growing demand for digitisation will take away nearly 75 million jobs by 2022.<br /><br />According to Peter Bendor-Samuel, chief executive officer of IT consultancy Everest Research, “Wipro, has clearly struggled when compared against its peer companies when it comes to sales. Investment in its sales force seems to be one of several steps which make sense,” ET reported.<br /><br /><strong>See also:</strong><br /><a href="https://www.businessinsider.in/hiring-tcs-infosys-wipro-and-others-up-12-months-in-a-row/articleshow/69019342.cms">Hiring by Indian IT companies has grown 12 months in a row, up over three-fold</a><br /><br /><a href="https://www.businessinsider.in/wipro-campus-placements-to-double/articleshow/67719782.cms">Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay</a><br />

Indian IT major Wipro is hiring ‘new blood’ to expand its sales workforce across geographies

<ul><li><keyword id="10862" type="CITY" weightage="20" keywordseo="Wipro">Wipro</keyword> saw its attrition increase from 11% to 12.1% over the last three months, ending March 31.</li><li>The IT giant’s chief human resources officer (CHRO) believes that the churn in employees is likely to keep increasing between April to June.</li><li>Analysts believe the second wave of outsourcing is upon the information technology (IT) sector and demand is likely to keep increasing for the next one year at least.</li></ul>Wipro saw an uptick in employees walking out the doors between January and March as compared to the previous quarter. While 12% is the industry average, the company believes that things aren’t going to ease up anytime soon. <br /><br />  <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<div class="flourish-embed flourish-chart" data-src="visualisation/5865143"></div>]]></cdata></div><br />“Given the growth environment in the industry, we see attrition. We see continued pressure. We see attrition picking up in the first quarter [April to June],” said Saurabh Govil, Wipro’s chief human resources officer (CHRO) during the earnings call.<br /><br />There has been an explosion of opportunities in the information technology (IT) services sector as more companies look to become more digital-friendly. It’s not just Wipro, but Infosys too saw its attrition rate spike from 10% to 15% in the last three months, ending March 31.<br /><br />  <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<div class="flourish-embed flourish-chart" data-src="visualisation/5865121"></div>]]></cdata></div><br />According to analysts, a second wave outsourcing is upon us. The <a href="https://www.businessinsider.in/tech/enterprise/news/rise-in-work-from-anywhere-will-lead-to-more-outsourcing-thats-an-opportunity-for-tcs-infosys-and-hcl-tech/articleshow/77864248.cms">demand for talent is high</a> and the supply pool, while ample, lacks specialisation in growing areas like the internet of things (IoT), cloud services and other arenas.<br /><br />Companies like Wipro, Infosys and TCS <a href="https://www.businessinsider.in/tech/enterprise/news/three-ways-tcs-infosys-and-other-it-giants-in-india-are-trying-to-cut-costs-but-its-not-going-to-increase-their-profitability/articleshow/76021884.cms">seem to be okay with that</a>. They pick up a large number of freshers every year and train them within the company for the roles these graduates need to fill. <br /><br />“Our hiring on campuses will be much more robust than what we have done in FY 21. We will continue to hire laterally across the globe. We will continue to invest in domain and specific skill sets,” explained Govil.<br /><br />However, there’s no guarantee that these employees won’t leave once a better offer comes along — especially if it's from another big wig competitor.<br /><br />  <div type="Article" hostid="261" msid="82085345" title="Wipro showcases best Q4 results in a decade and eyes double digit growth next year" mstype="2" mssubtype="0"></div><br /><cmsannotation type="cmsannotation" annotationid="IT companies are wooing employees to stay with wage hikes and promotions" comment="subhead" text="IT companies are wooing employees to stay with wage hikes and promotions"><span data-til="noop">IT companies are wooing employees to stay with wage hikes and promotions</span></cmsannotation><br /><br />“We see that there will be pressure on us, but the efforts that we have called out will help us sustain and control attrition, and will not impact our growth agenda,” said Govil. In <a href="https://timesofindia.indiatimes.com/business/india-business/wipro-to-roll-out-pay-hikes-from-january-1/articleshow/79616441.cms">December</a> last year, the IT giant announced wage hikes for junior employees from January 1. <br /><br />All other employees of Wipro will receive their increments in June, ‘as is usual practice’. For instance, Infosys revealed that its wage hikes will be announced in July.<br /><br />While wage hikes are a good way to retain employees, it does take a marginal toll on a company’s operating margin. <br /><br /><strong>SEE ALSO:<br /></strong><a href="https://www.businessinsider.in/business/corporates/news/wipro-showcases-best-q4-results-in-a-decade-and-eyes-double-digit-growth-next-year/articleshow/82085345.cms" id="docs-internal-guid-14500995-7fff-e658-fe9e-22ceb248aadc"><strong>Wipro showcases best Q4 results in a decade and eyes double digit growth next year</strong></a><br />

Wipro fears it may lose its employees to competitors as there is an explosion of IT jobs

<br /><ul><li><strong><keyword id="10862" type="COMPANY" weightage="20" keywordseo="Wipro">Wipro</keyword> — the fourth largest IT services company in India — is planning to promote its 5,000 employees, thanks to the increasing attrition rate during the second quarter. <br /></strong></li><li><strong>The company also rolled out a retention bonus of nearly ₹100,000 to its fresh campus hires. It also offered bonuses to employees with upto three years of experience.<br /></strong></li><li><strong>Wipro added nearly 6,603 employees during the second quarter, taking the headcount to 181,453 from 174,850 in the last quarter.<br /></strong></li><li><strong>The software major reported a net profit of ₹25.5 billion for the second quarter of 2019-20 fiscal.<br /></strong></li></ul>Wipro — the fourth largest IT services company in India — is planning to promote 5,000 of its employees, to check its increasing attrition rate. The technology giant recorded an attrition rate of 17% for the quarter ending in September.<br /><br />“Attrition (rate) has been a good story for us as compared to others. We have given salary hikes and now are looking at a huge number of promotions in the coming quarter. Around 5,000 people in the experience range of five to eight years will get promoted," Saurabh Govil, HR head, Wipro <a href="https://www.business-standard.com/article/companies/wipro-plans-to-promote-around-5-000-employees-to-check-attrition-119102100017_1.html">told </a>Business Standard.<br /><br />The company also rolled out retention bonus of nearly ₹100,000 to its fresh campus hires and those with upto three years of experience. “Junior-level attrition is slightly higher than the company average. However, it is lower among performers as they get higher bonuses, incentives and salary hikes," Govil added.<br /><br />While auto and textile sectors face troubled waters leading to job losses, the IT sector seems to be rebounding with a positive hiring sentiment. Wipro added nearly 6,603 employees during the second quarter, taking the headcount to 181,453 from 174,850 in the last quarter.<br /><br />The three IT giants — <keyword id="6357150" type="DOMAIN" weightage="20" keywordseo="tcs">TCS</keyword>, Wipro and <keyword id="6354512" type="COMPANY" weightage="20" keywordseo="Infosys">Infosys</keyword> — collectively hired 28,157 employees in the quarter ending September. This is a 59% jump from that of the June quarter, which recorded a net hiring of 16,687 employees, Businessline <a href="https://www.businesstoday.in/current/corporate/tcs-infosys-wipro-hire-28000-employees-september-quarter/story/385196.html">reported</a>.<br /><br />Wipro is also planning to hire more consultants so as to drive sales in the coming quarters. “We are hiring more people in this consulting space. It is paying us back, well," he said. <br /><br />The software major reported a net profit of ₹25.5 billion for the second quarter, registering a 35% growth as compared to last year. <br /><br /><strong>See also:</strong><br /><a href="https://www.businessinsider.in/thelife/personalities/news/top-10-tech-billionaires-on-the-forbes-list-of-100-richest-indians/articleshow/71539382.cms">Top 10 tech billionaires on the Forbes list of 100 richest Indians</a><br /><br /><a href="https://www.businessinsider.in/changing-technology-and-financial-crisis-is-affecting-sustainability-says-a-un-report/articleshow/71307065.cms">Changing technology and financial crisis is affecting sustainability says a UN report</a><br /><br /><a href="https://www.businessinsider.in/azim-premji-gives-more-the-charity-than-his-net-worth/articleshow/71306177.cms">India’s richest tech billionaire has given away more money than what he has right now</a><br />

Wipro is giving promotions and bonuses to check growing attrition

<ul><li>IT major <keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword> reported nearly 4% year-on-year growth in consolidated net profit at ₹3,087 crore for the March quarter.</li><li>The company hired 45,416 employees in FY22 taking the overall headcount to 2.43 lakh.</li><li>One of the major reasons for significant hiring is because of the continuous rise in attrition rate.</li></ul>The Bengaluru-based information technology (IT) giant Wipro just announced its financial performance in the last three month from January to March where it posted nearly 4% on year growth in consolidated net profit at ₹3,087 crore for the March quarter.<br /><br />The IT firm’s operating margin stood at 17% down 17.6% in the previous quarter. However, Thierry Delaporte, chief executive officer and managing director at Wipro addressed that the operating margins are way above the pre pandemic period. <br /><br />During the quarter, Wipro hired 45,416 employees in FY22 taking the overall headcount to 2.43 lakh. <br /><br />One of the major reasons for significant hiring is because of the continuous rise in attrition rate. <br /><div type="image" title="wipro attrition" height="900" width="1200" msid="91181464" hostid="261"></div>The high rate of employees leaving the organisation has led to the firm aggressively hiring IT professionals. Going ahead for next financial year FY23, it plans to double fresher hiring from over 45,000 in FY22. <br /><br />“We doubled our fresher intake for fiscal year 2022 as compared to previous year. Our plan is to double this again in fiscal year 2023. We have decided to increase the frequency of promotion cycles for 70% of our colleagues from junior bands,” said CEO Thierry Delaporte in a press conference after the earnings result. <br /><br /><br /><strong>SEE ALSO: </strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/why-are-there-power-cuts-and-heatwave-in-india/articleshow/91177785.cms">EXPLAINED: Why is there a looming power shortage in India</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/tips-on-beating-the-heat-amid-power-cuts/slidelist/91177432.cms">10 tips on beating the heat amid power cuts</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/india-unlikely-to-witness-a-fourth-wave-however-proper-covid-behaviour-should-be-followed-say-doctors-and-experts/articleshow/91177833.cms">India unlikely to witness a fourth wave, however, proper COVID behaviour should be followed, say doctors and experts</a>

Wipro to double fresher intake this year, promotions to be faster as employees are still jumping ship in hordes

<ul><li>Wipro plans to increase its freshers headcount by 30,000 in 2023.</li><li>The attrition rate has gone up to 22%.</li><li>Wipro has decided to close its offices globally for the next four weeks.</li></ul>IT services giant Wipro plans to hire 30,000 freshers in 2023 as attrition rate increases to 22%. <br /><br />In the current financial year ending March 2022, the company would have hired 70% more freshers compared to last fiscal, Chief Financial Officer Jatin Dalal said.<br /><br /><br /><br /><br />Rise in attrition leads to higher employee cost and narrower margins. This has been a problem for all technology companies in India in recent months. For Wipro, the rate of employees leaving the company has been the highest in the December quarter.<br /><br />      <div type="image" title="Wipro attrition rate" msid="88855764" hostid="261" caption="&amp;lt;p&amp;gt;Wipro attrition rate&amp;lt;/p&amp;gt;"></div><br /><br />The management assured investors that it expects the attrition to moderate in the coming months and that it will not allow the lack of hands to affect the spike in demand from clients.<br /><br />Wipro has decided to close its offices globally for the next four weeks. The company CEO Delaporte stated that the return to offices would be re-calibrated based on the evolving situation of the pandemic.<br /><br /><br /><strong>SEE ALSO:<br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/wipro-guidance-for-dollar-revenue-is-2-to-4-percent/articleshow/88854705.cms"><strong>Wipro CEO says dollar revenue will grow 2-4% in the next three months</strong></a><br />

Wipro increases hiring plan to 30,000 as attrition hits a new high

<br /><ul><li><strong>The new offers will be made in the upcoming placement season.<br /></strong></li><li><strong>The IT major roughly hired 10,000 people during last placement season and is planning to reach nearly 20,000. <br /></strong></li><li><strong>For graduates with digital knowledge, starting pay may be twice (₹600,000) the regular packages of ₹350,000.</strong></li></ul>With higher-than-expected reported profits in the third quarter, Indian IT multinational Wipro is <a href="https://economictimes.indiatimes.com/tech/ites/wipro-plans-to-double-campus-hiring-this-year-as-company-sees-growth/articleshow/67717414.cms?utm_source=ETTopNews&amp;utm_medium=HP&amp;utm_campaign=TN&amp;utm_content=23">reportedly planning to double campus hiring</a> efforts, along with salary hikes for graduates with digital expertise such as in big data and analytics, said a report by Economic Times.<br /><br />The move is to counter shortage of digital professionals in order to meet client orders efficiently as higher attrition disrupted company’s performance largely. <br /><br />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.<br /><br />The company is also aiming to keep a check on its attrition rate at 14%-15% for the upcoming quarters. Wipro saw <a href="https://www.businesstoday.in/current/corporate/good-news-for-engineering-students-wipro-plans-to-double-campus-hiring-this-year/story/314260.html">staff turnover</a> 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.<br /><br />Wipro also recently gave out a <a href="https://www.businesstoday.in/current/corporate/good-news-for-engineering-students-wipro-plans-to-double-campus-hiring-this-year/story/314260.html">one-time bonus</a> to its employees that have been hired via campus selection and have less than five years of experience.<br /><br />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.<br /><br />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.<br /><br />On the other hand, during the financial year 2017-18, the four homegrown ITs <a href="https://www.business-standard.com/article/companies/wipro-plans-to-hire-more-freshers-from-campuses-this-year-as-demand-rises-118072300015_1.html">increased</a> their employee headcount to 13, 972, in contrast to 59,427 the previous fiscal.<br /><br />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 <a href="https://economictimes.indiatimes.com/tech/ites/wipro-plans-to-double-campus-hiring-this-year-as-company-sees-growth/articleshow/67717414.cms?utm_source=ETTopNews&amp;utm_medium=HP&amp;utm_campaign=TN&amp;utm_content=23">offers</a> to fresher graduates.<br /><br /><strong>See also:</strong><br /><a href="https://www.businessinsider.in/internships-in-india-on-the-rise-with-startups-leading-the-way/articleshow/67655265.cms">India sees steep rise in internships across different industries as young graduates seek more skills: survey</a><br /><br /><a href="https://www.businessinsider.in/looking-for-a-job-heres-why-data-analytics-should-be-on-the-top-of-your-list/articleshow/67649196.cms">Here’s why it might be the best time to opt for a career in data analytics</a><br /><br /><a href="https://www.businessinsider.in/big-data-and-analytics-may-be-the-hottest-sector-but-india-has-a-serious-dearth-of-data-scientists/articleshow/66860305.cms">Big data and analytics may be the hottest sector, but India has a serious dearth of data scientists</a><br />

Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay

<ul><li>While the demand for IT services companies remains robust with the evolving digital environment, high attrition rates remain a top concern for IT firms.</li><li><keyword id="6357150" type="General" weightage="20" keywordseo="tcs" source="Orion">TCS</keyword>, <keyword id="6354512" type="General" weightage="20" keywordseo="infosys" source="Orion">Infosys</keyword> and <keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword> will together hire 1.53 lakh employees in FY22 to hedge against employees leaving.</li><li>Wipro’s attrition rate remains highest at 20.5% followed by Infosys at 20.1% and TCS at 11.9%.</li></ul>While the demand for information technology (IT) services companies remains robust with the evolving digital environment, a huge number of employees leaving these organisations remain a top concern for IT firms. <br /><br />Attrition rate of IT companies has been rising consistently and in-line with growing demand for digital talent. <br /><br />With the earnings results available so far for the September quarter, Wipro has the highest attrition rate, among IT firms, at 20.5% followed by Infosys at 20.1% and <keyword id="6357585" type="General" weightage="20" keywordseo="tata-consultancy-services" source="Orion">Tata Consultancy Services</keyword> (TCS) at 11.9%.<br />      <div type="image" title="attrition chart" height="900" width="1200" msid="87013677" hostid="261"></div><br />However, a report by human resource solutions firm TeamLease shows that the average attrition rate in the IT industry was at 8.67% in September quarter, far less than what the big IT firms have reported.<br /><br />One of the key concerns of IT employees for leaving an organisation is muted growth in increments followed by poor employee benefits, rewards, digital skilling and so on, shows a ‘compensation benchmarking survey’ by Deloitte India and software firms’ lobby NASSCOM. <br /><br />The average increments for the technology services sector in India dropped from 9.5% in 2019 to 5.2% in 2020, which later increased to 8.8% in 2021 due to higher attrition rate. Average increments are expected to go up to 9% to 11% in 2022, said the report. <br /><br />        <div type="image" title="compensation" height="900" width="1200" msid="87013730" hostid="261"></div><br />IT companies are all set to hire in bulk from campuses as they struggle to retain employees with the increasing demand for digital talent. <br /><br />TCS, which has already hired 43,000 freshers in the first half of FY22, expects to hire another 35,000 in the next six months. This takes up the total count of FY22 to 78,000 new employees.<br /><table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IT companies<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">FY22 hiring<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Infosys<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">45,000<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Wipro<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">30,000<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">TCS<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">78,000<br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><br />“We believe this attrition level will continue for the next 2-3 quarters. Having said that, our strong employer brand and our robust talent acquisition and talent development models will help us significantly overcome the supply side issues…We will continue to hire more and more and keep the supply ready since our model is robust. The attrition level is definitely concerning, but we can manage through that,” said Milind Lakkad, global head of human resources at TCS, in a press conference post earnings.<br /><br />High attrition rate in some of the largest IT companies in the country is expected to continue for the coming quarters and so is the huge hiring process. <br /><br />“In order to harness the full potential of the market opportunity, we are expanding our college graduates hiring program to close to 45,000 for the year. Simultaneously, we continue to strengthen employee value propositions including health and wellness measures, reskilling programs, appropriate compensation interventions and enhanced career growth opportunities,” said Pravin Rao, chief operating officer at Infosys. <br /><br />TCS is one of the biggest employers in the country with 5.28 lakh employees as of September quarter.<br /><table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Companies<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Total headcount<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">TCS<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.28 lakh<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Infosys<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.79 lakh<br /><br /></td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Wipro<br /><br /></td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.21 lakh<br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>At 11:12 a.m., on October 14, shares of Wipro were up 7%, Infosys stock was up 2% and TCS stock was down by 0.8%. <br /><br />ALSO WATCH: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/videos/talent-from-large-it-firms-has-been-flowing-towards-indias-tech-startups/videoshow/87014361.cms">Talent from large IT firms has been flowing towards India's tech startups</a><br /><br />SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/ecommerce/news/three-unicorns-hundreds-of-crore-in-loss-and-very-little-market-share-whats-the-hype-around-online-car-retailers/articleshow/87012417.cms">Three unicorns, hundreds of crore in loss and very little market share — What's the hype around online car retailers?</a><br /><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/infosys-wipro-vodafone-idea-and-other-hot-stocks-in-focus-on-october-14-as-results-season-heats-up/slidelist/87010496.cms">Infosys, Wipro, Vodafone Idea and other hot stocks in focus on October 14 as results season heats up</a>

India’s techies are leaving IT firms in hordes — Here’s why

<ul><li>The company has earlier intended to hire 34,000 employees by March 2022 but it has completed that target by December itself.</li><li>TCS has reported an attrition rate of 15.3%, which is lowest when compared to peers <keyword id="10862" type="General" weightage="50" keywordseo="wipro" source="Orion">Wipro</keyword> and <keyword id="6354512" type="General" weightage="50" keywordseo="infosys" source="Orion">Infosys</keyword>.</li><li>To retain top talent, TCS has ramped up promotions. After 110,000 promotions till December 2021, it plans another 40,000 before March.</li><li>Check out our <a href="https://www.businessinsider.in/bi-newsletter">weekly explainers</a> on the hottest topics and <a href="https://www.businessinsider.in/newsletters_signup.cms">sign up</a> if you like them.</li></ul>India’s largest software exporter, <keyword id="6357585" type="General" weightage="20" keywordseo="tata-consultancy-services" source="Orion">Tata Consultancy Services</keyword> (TCS), whose employee count recently completed a milestone of 2,00,000, continues to be aggressive in hiring amidst a crazy battle for technology talent .<br /><br />TCS had earlier said that it would hire an additional 34,000 freshers by March but it has already met that target by December. The company will continue to hire between January to March quarter as well, however, no particular target has been set.<br /><br />“Our hiring intensity will continue but we don’t have any particular number for the coming quarter,” Milind Lakkad, Chief Human Resources Officer at TCS, highlighted during the media briefing. <br /><br /><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quarter<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of freshers hired<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April to September<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">43,000<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">October to December <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">34,000<br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><br />TCS has reported an attrition rate of 15.3%, which is lowest when compared to peers <a href="https://www.businessinsider.in/careers/news/wipro-plans-to-hire-30000-freshers-in-2023-as-attrition-rate-increases-to-22/articleshow/88855676.cms" data-type="tilCustomLink">Wipro</a> (22.7%) and <a href="https://www.businessinsider.in/careers/news/the-attrition-at-infosys-is-worse-than-that-[…]s-increased-hiring-plan-by-10000/articleshow/88856648.cms" data-type="tilCustomLink">Infosys</a> (25%), in the quarter ending December 2021. However, it hired a net of 28,000 new employees in the last three months, the highest ever in the company’s history.<br /><br />        <div type="image" title="TCS attrition rate" msid="88858294" hostid="261" caption="&amp;lt;p&amp;gt;TCS attrition rate&amp;lt;/p&amp;gt;"></div><br />Attrition is used to describe the rate at which employees are leaving the company. To battle the fast pace at which employees are moving on for better opportunities, TCS has increased the pace of promotions as well. As part of its earnings release, the management said that it had given 110,000 promotions this financial year till December, and another 40,000 are on the cards in the remaining three months.<br /><br />        <div type="Video" msid="85123846" hostid="261" title="There was never a better time to be a techie in India" dataSource="BUSINESSINSIDER" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=85123846"></div><br /><br />The higher salaries, incentives and cost of hiring and retaining top talent has taken a toll on the profit margins of TCS, just as in the case of Infosys and <a href="https://www.businessinsider.in/careers/news/wipro-plans-to-hire-30000-freshers-in-2023-as-attrition-rate-increases-to-22/articleshow/88855676.cms" data-type="tilCustomLink">Wipro</a>. Operating margin fell to 25% compared to 26.6% three months ago. The company believes that the attrition pressure may be bottoming out. <br /><br /><strong>SEE ALSO:<br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/the-attrition-at-infosys-is-worse-than-that-at-wipro-ceo-salil-parekh-has-increased-hiring-plan-by-10000/articleshow/88856648.cms">The attrition at Infosys is worse than that at Wipro, Salil Parekh has increased hiring plan by 10,000</a><br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/wipro-plans-to-hire-30000-freshers-in-2023-as-attrition-rate-increases-to-22/articleshow/88855676.cms"><strong>Wipro increases hiring plan to 30,000 as attrition hits a new high</strong></a><br />

TCS completes its fresher hiring target three months ahead of schedule but it’s not done yet

<ul><li>Although <keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword>’s deal wins and pipeline remained healthy, analysts lowered the target price on the stock due to revenue miss.</li><li>As a result shares of the IT firm slipped 6% and was the worst performer on the benchmark index Nifty 50.</li><li>Also, the attrition rate has gone up to 22% in Q3 with Wipro on a hiring spree.</li></ul>Shares of the Bengaluru-based IT firm Wipro saw huge sell-off today as investors were disappointed with its lower than expected revenue growth.<br /><br />Wipro registered the lowest of all revenue growth of 3% compared to TCS (4.5%) and Infosys (7%) during the October to December period. Analysts had <a href="https://www.businessinsider.in/tech/enterprise/news/infosys-is-expected-to-set-the-bar-slightly-higher-for-tcs-hcl-tech-and-others/articleshow/88703083.cms">expected a revenue growth </a>of 3.9% during the same period.<br /><br />The highest addition of large clients and revenue guidance of 2-4% failed to cheer investor’s mood.<br />              <div type="image" title="wipro share" height="900" width="1200" msid="88870781" hostid="261"></div>Analysts have lowered the share target price and future earnings expectation from Wipro factoring in the revenue miss.<br /><br />Global brokerage firm Citi has reportedly lowered FY22-FY24 earnings by 1% to factor in the weak earnings growth in the December quarter.<br /><br />Another brokerage firm JP Morgan has cut FY23/FY24 earnings per share estimate by 2%.<br /><table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage firms<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target price<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rating<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Morgan Stanley<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹775 <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Equal-weight<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Citi<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹820 <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Buy<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JP Morgan<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹680 <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Neutral<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UBS Securities<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹660 <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Neutral<br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><em>(Target price inputs from CNBC TV-18)<br /></em><br />The rising attrition rate turned into higher employee cost and narrower margins for the company. Not only Wipro, all other technology firms are struggling with the increasing employee cost for quite some time. <br /><br />But for Wipro, the rate of employees leaving the company has been the highest in the December quarter.<br /><br />Going forward, the IT giant is planning to hire 30,000 freshers in 2023 as the attrition rate increases to 22% from 20.5% in the last quarter.<br /><br />Further, the relentless surge of the Omicron variant of Covid-19 has forced Wipro to close its offices globally for the next four weeks.<br /><br /><strong>SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/the-attrition-at-infosys-is-worse-than-that-at-wipro-ceo-salil-parekh-has-increased-hiring-plan-by-10000/articleshow/88856648.cms">The attrition at Infosys is worse than that at Wipro, Salil Parekh has increased hiring plan by 10,000</a><br /><br /><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/tcs-vs-infosys-vs-wipro-how-indias-three-it-giants-stack-up-against-each-other/slidelist/88860676.cms">TCS vs Infosys vs Wipro Q3 results – here’s how India’s three IT giants stack up against each other</a><br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/tesla-is-facing-a-lot-of-challenges-in-entering-the-indian-market/articleshow/88868786.cms">Tesla is facing a lot of challenges in entering the Indian market, says Elon Musk</a>

Wipro shares plunge 6% after earnings disappoint street

<ul><li>TCS, Infosys, Wipro are the top three information technology firms in the Indian market with over 11 lakh professionals working for the companies.</li><li>The entire IT sector has been witnessing a talent war with a high number of employees leaving the organisation for the last one year.</li><li>As a result, these firms have been hiring aggressively to make up for those leaving. Let’s see how much has changed in one fiscal year.</li></ul>For the last one year, the India’s as well as global information technology (IT) sector is going through a talent war to retain employees from leaving the organisations and spend millions on frequent promotions. <br /><br />While this has burnt a hole in the pocket of these technology firms, it has created tons of job opportunities for freshers graduating out of universities. <br /><br />Tata Consultancy Services (TCS), Infosys, Wipro are the top three information technology firms in the Indian market with over 11 lakh IT professionals working for the companies. <br /><br />Tata Group company TCS is the top IT firm in the industry with highest market capitalisation and biggest staff count.<br /><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top three IT firms <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hiring done in FY22 <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total no of employees<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Consultancy Services<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.03 lakh <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6 lakh <br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">85,000<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.14<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45,416<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.43<br /><br /></td></tr></tbody><tbody></tbody></table>The companies have been hiring aggressively to tame high employee attrition rate. Employee attrition rate is the measure of employees who have left voluntarily or involuntarily over a period of time.<br /><br />Rate of employees leaving the organisation is highest in Infosys, second highest at Wipro and then at TCS. <br /><br />The management at TCS feels that the attrition rate is <a href="https://www.businessinsider.in/tech/enterprise/news/techies-will-continue-to-leave-tcs-at-a-higher-rate-for-a-few-more-quarters-and-later-cool-off/articleshow/90783480.cms">cooling off </a>and may come down after a few quarters.<br />  <div type="image" title="tcs, infosys, wipro attrition rate" height="900" width="1200" msid="91184456" hostid="261"></div><br /><br /><strong>SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/wipro-to-double-fresher-intake-this-year-promotions-to-be-faster-as-employees-are-still-jumping-ship-in-hordes/articleshow/91181367.cms">Wipro to double fresher intake this year, promotions to be faster as employees are still jumping ship in hordes</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/ahead-of-lic-ipo-paytm-money-opens-bids-of-up-to-5-lakh-through-upi/articleshow/91182034.cms">Ahead of LIC IPO, Paytm Money opens bids of up to ₹5 lakh through UPI</a><br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/top-five-experts-to-learn-investing-in-us-stocks-from/articleshow/91182037.cms">Top five experts to learn investing in US stocks from</a><br />

You Searched For "wipro hiring in india" and got 11 results

Wipro is inviting engineering graduates for its freshers’ hiring programme across the country

Vaamanaa Sethi

Indian IT major Wipro is hiring ‘new blood’ to expand its sales workforce across geographies

Prerna Sindwani

Wipro fears it may lose its employees to competitors as there is an explosion of IT jobs

Prabhjote Gill

Wipro is giving promotions and bonuses to check growing attrition

Prerna Sindwani

Wipro to double fresher intake this year, promotions to be faster as employees are still jumping ship in hordes

Bhakti Makwana

Wipro increases hiring plan to 30,000 as attrition hits a new high

BI India Bureau

Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay

BI India Bureau

India’s techies are leaving IT firms in hordes — Here’s why

Bhakti Makwana

TCS completes its fresher hiring target three months ahead of schedule but it’s not done yet

BI India Bureau

Wipro shares plunge 6% after earnings disappoint street

Bhakti Makwana

TCS, Infosys, and Wipro hired 2.33 lakh employees in FY22 to tame high attrition

Bhakti Makwana

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