Wipro will pay a one-time bonus to junior employees who have remained with the company since they have been hired from college campuses, an effort to curb attrition of engineers with less than five years of experience.
Analysts said these companies could bring down attrition if more employees were encouraged to take these programmes with a significant increase in pay.
“It is a decent attempt to keep attrition under control,” said Sanchit Vir Gogia, chief executive of Greyhound Research.
Given the junior employees’ low salary, they often switch jobs even for a less pay hike, resulting in a higher attrition, said Gogia. “It (one-time benefit offered by Wipro) is essentially one of the many ways to keep attrition low. Higher attrition impacts both quarterly results and street performance.”
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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