Wipro boosts local hiring to ramp up delivery in onshore locations
Posted on 28th January 2019 |
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With adoption of protectionist policies by governments across the world, a lot of human resource related actions of Wipro are now shifting to onsite locations including the US, Europe and Australia. The IT services firm is replicating a model similar to that of India, which it has been following for quite long, to ramp up delivery presence and hire more locals as part of its workforce in client geographies.
"We are doing absolutely the same thing in the US and other markets, that we used to do here (in India). We are hiring graduates from campuses, training them before putting in projects," said Saurabh Govil, president and chief human resource officer at Wipro.
This is reflecting in its localisation drive, especially in the US which is by far the largest market for Indian IT services companies including Wipro. Close to 63 per cent of Wipro’s workforce in the US now constitute of local American employees as compared to 30 per cent, three years ago. Even though Wipro does not share its US employee number, experts estimate the number at around 14,000.
"We are doing big time localisation in the US," said Govil. “We now have new delivery centres in Dallas, East Coast, West Coast and Mid-West. The model is to get an anchor customer and grow a development centre around that.” Apart from the US, the IT firm is also following the same approach in the UK and Australia.
While the company is hiring more locals in onshore locations, it is taking a careful approach in maintaining bench strength (number of reserve employees who are not deployed in any client project). To serve its clients in North America and Europe region, Wipro is taking the help of nearshore delivery centres in Mexico, Brazil, Romania and Ireland among others.
With demand uptick, Wipro has also hired more employees in India after hitting slow lane in last two years. In 2018, the IT firm had doubled its campus hires as compared to previous year.
While in September quarter, the company had added 10,687 employees; its net addition in December quarter stood at 928. "In last quarter, hiring was slow due to lot of holidays, furloughs and client shutdowns. Otherwise, it remained robust. We had doubled our hiring from campuses this year as compared to last year," Govil said.
However, the company indicated that employee addition would moderate in coming quarters for the industry with the shift in revenue flows. "While there is a lot of hiring for the right skillsets, we are also seeing a lot of growth coming now from non-linear ways including platforms, IPs and consultancy areas. That's a shift, which is happening," the Chief HRO of Wipro said. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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