April 27: Wipro, India’s third largest software services company, has updated its entry level job offers. The latest update offers high salaries to freshers skilled in digital technologies.
The three job profile categories implemented by the company include packages of Rs 3.5 lakh, Rs 6- Rs 6.5 lakh at the mid-tier. For graduates from premium technical universities like the IITs, this goes up to Rs 20 lakh. The entry- level salaries at Indian IT firms were stagnant between Rs 3lakh and Rs 4 lakh per anum, for the past few years.
As the company follows man-hour based model for sell software services, more than two- thirds of the total workforce are fresh graduates from engineering colleges. A total workforce of around 1,63,827 was reported by Wipro at the end of the financial year 2018.
Saurabh Govil, Chief human resource officer, Wipro, has been quoted as saying that 95% of the entry level employees they received earlier came from the level where they used to get Rs 3.5 lakh. But lately the company has noticed reduction in this number and there are people coming in at Rs 6-6.5 lakh salary levels. For people who come from IIITs, the company has set a package of Rs 20 lakh. Even though there are changes made, the company’s overall budget for entry- level employees remain standard, added Saurabh Govil.
In the fourth quarter of last financial year, two of the company’s clients went bankrupt and this came as a huge blow. Regardless of the competitive market, the company is investing on the employees to enhance their digital technology skills. Digital technology enabled projects are rapidly growing and thus companies including Wipro, TCS, Accenture, Infosys and cognizant was seen investing on their employees.
Analysts have been pointing out that upskilling the employees is significant for IT companies. The increase in number of engineering students passing out annually in India has reduced the number of job offers.