Hit by 12% attrition in Q4FY21, Wipro readies arsenal to retain talent

7% pay hike w.e.f. Jan 1 for 80% staff, rest to get one in June, first round of promotions done in Dec 2020, next to begin this June

IT major Wipro reported attrition for the fourth quarter of FY21, at 12 per cent an increase of one percentage point from the last quarter. The company,  however, is taking the talent war head-on and rolling out salary hikes, promotions, and skill-based incentives.

Saurabh Govil, chief human resource officer, Wipro said that the demand environment is robust but he hopes that the measures that the company has taken will bring down the attrition figures in the coming quarters.

To start with Wipro announced salary hikes of around 7 per cent on average, effective January 1, 2021 for 80 per cent