Wipro’s Ambitious Hiring Plans for 2025
Wipro, one of India’s leading IT services companies, is gearing up for significant growth in the coming years. The company plans to recruit between 7,000 and 7,500 new employees by the end of December 2023. This decision comes as Wipro anticipates a market recovery and aims to strengthen its workforce under the leadership of its new CEO, Srinivas Pallia. With a revenue nearing $11 billion, Wipro is focused on stabilizing its operations after experiencing several senior-level departures in recent years. Chief Human Resources Officer Saurabh Govil has outlined the company’s strategy to ensure a balanced mix of internal promotions and external hiring, emphasizing continuity and minimal disruption to existing structures.
Recruitment Strategy Shift
Wipro’s recruitment strategy has undergone a significant transformation. Traditionally, the company followed a “hire and then train” approach. However, this has now shifted to a “train and then hire” model. Govil explained that Wipro is collaborating with major partners like Microsoft, Google, and Amazon Web Services (AWS) to identify potential candidates. The new strategy involves selecting individuals, providing them with training, assessing their skills, and then onboarding them. This approach aims to ensure that new hires are deployable much faster, aligning their skills with industry needs.
To support this new strategy, Wipro is working closely with various educational institutions. The company has established partnerships with prestigious institutions such as IIT-Delhi and IISc-Bangalore, along with regional universities in cities like Chandigarh, Noida, and Coimbatore. These collaborations focus on developing curricula that meet industry requirements, ensuring that graduates are ready to contribute effectively from day one.
Addressing Market Challenges
The IT services industry has faced challenges in recent years, including a slowdown in recruitment. Wipro’s renewed hiring plans come after a two-year period of minimal recruitment across the $254 billion software services sector. The company is now addressing all pending appointments and is eager to welcome fresh graduates and experienced professionals back into its ranks. Govil noted that many technology firms had previously selected fresh graduates but delayed their joining due to subdued market conditions.
As Wipro moves forward, it must also navigate potential challenges. Increased attrition rates and rising wage costs could impact profit margins. However, Govil remains optimistic, stating that these margin concerns will likely resolve as market conditions improve. The company is prioritizing the establishment of adequate supply-side capacity to meet anticipated demand, particularly as it observes early signs of business recovery and improved client engagement in North America and the financial services sector.
Leadership Changes and Future Outlook
Wipro has seen significant leadership changes recently, with Srinivas Pallia taking over as CEO and managing director in April 2023, following the departure of Thierry Delaporte. Under Pallia’s leadership, the company has experienced approximately twelve senior executive departures over the past year. Despite these changes, Pallia is committed to promoting experienced staff members to senior leadership positions, ensuring continuity and stability within the organization.
As Wipro prepares for its ambitious hiring plans, it is also focused on fostering a culture of long-term engagement. The company aims to build a workforce that is not only skilled but also aligned with its strategic goals. With a clear vision for the future and a robust recruitment strategy, Wipro is poised to navigate the evolving landscape of the IT services industry and emerge stronger in the years to come.
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