Wipro promises Rs 1 lakh bonus to freshers, junior employees to stem lower level attrition
Wipro reportedly hired 6,000 freshers in the June quarter, as many as in the whole of the previous fiscal.
The decision has been taken to counter the high attrition rates prevalent across the IT industry
Wipro reportedly hired 6,000 freshers in the June quarter
Quarterly annualised attrition marginally went up to 17.9% in the June quarter due to employees leaving the firm
In a bid to counter the high attrition rates existing in the IT sector, Wipro has reportedly offered to pay retention bonus of Rs 1 lakh to the freshers hired by the company this year, said media reports.
Wipro has promised a retention bonus of Rs 1 lakh to the junior employees who have been recruited through campus placements this year and will complete one year with the company, said a report in Business Today. It is said that the decision has been taken to counter the high attrition rates prevalent across the IT industry.
The IT major reportedly paid bonuses of Rs 1 lakh each to its junior employees with experience of up to three years and have worked with the firm since the time of their campus placements, said the report.
Wipro reportedly hired 6,000 freshers in the June quarter, as many as in the whole of the previous fiscal, said a report in The Times of India.
Quarterly annualised attrition marginally went up to 17.9 percent in the June quarter due to employees leaving the firm for higher studies, wage hikes and actions related to appraisals, the report said.
Meanwhile, shares of Wipro rose nearly 4 percent on Thursday after the company posted a 12.5 percent rise in consolidated net profit for the April-June quarter, reported PTI.
The scrip gained 3.64 percent to close at Rs 269.15 on the BSE. During the day, it jumped 5.50 percent to Rs 274.
On the NSE, shares rose by 3.13 percent to close at Rs 267.75.
It was the top gainer among the 50-Nifty frontline companies.
In terms of the traded volume, 9.25 lakh shares were traded on the BSE, over two crore units on the NSE during the day.
On Wednesday, Wipro posted a 12.5 percent rise in consolidated net profit at Rs 2,387.6 crore for the April-June quarter and guided for up to 2 percent sequential revenue growth for the July-September period.
— With PTI inputs
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Rising for the second straight session, the 30-share Sensex hit 34,010.61, a fresh closing high -- with a gain of 70.31 points, or 0.21 percent
Sensex opened a shade higher at 33,929.61 and advanced to 33,998.37, before falling to a low of 33,765.43
The BSE flagship index Sensex jumped over 330 points, or 0.97 percent, to close at 34,413.16 -- its biggest single-session gains in two weeks.