Wipro plans to promote around 5,000 employees to check attrition

In Q2FY20, Wipro's attrition rate stood at 17%, which was 60 bps lower than the previous quarter. As compared to Wipro, Infosys reported 170 bps fall in attrition on sequential basis to 21.7%

Information technology (IT) services major Wipro is planning to promote around 5,000 employees in the coming quarters, to check attrition and make the IT firm ready for future demand. 

“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,” said Saurabh Govil, president and chief human resources officer at Wipro. 

In the April-June quarter of FY20, Wipro paid a retention bonus of Rs 1 lakh