Downturn: Wipro keeps 9,800 freshers waiting
Wednesday, 03 December 2008, 02:58 Hrs
Bangalore: Reeling under the impact of global meltdown, Wipro Technologies has kept about 9,800 graduate engineers, hired from campuses last year, waiting to join the IT bellwether, a company official said here Tuesday.
"Of the total 13,500 campus offerings made across the country last year, we have taken 3,700 of them so far, while the remaining (9,800) have been told to wait for their turn to join," Wipro vice-president for talent acquisition Pradeep Bahirwani told reporters here at a hurriedly called press conference.
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Due to slowdown in the IT industry and tough business environment, Bahirwani said, the company had discontinued campus offerings this fiscal for the time being.
"We have made 8,000 campus offers across the country in about 200 engineering colleges, including IITs and NITs (National Institutes of Technologies) this year as against 13,500 last year," Bahirwani said.
To make better use of the engineering freshers hired but not absorbed, the company has began to offer them the option of joining its BPO (business processes outsourcing) division at its software development centres in Kolkata, Bhubaneswar and Hyderabad for the same compensation fixed for IT services.
"To meet our BPO division's requirements in technical support, we have offered them the choice of coming onboard or wait as long for the joining date at the salary stack made in the offer letter. We hope to see a turn-around in business after 12-18 months to move them to IT services," Bahirwani said.
The company's novel initiative to ask freshers hired for IT services to join BPO division by paying upfront
75,000 for bond backfired in Kolkata, with the hired engineers protesting against such the move and taking up the matter with West Bengal IT Minister Debash Das Monday.
"The option has been given in commensurate with our current requirements, which are more in BPO than in IT services, as technical support role requires engineering grads and not those from science or general stream. There is no compulsion or change in compensation," Bahirwani clarified.
Defending the offer to join the BPO division, the HR official said the decision was taken to give an opportunity to engineering graduates to get on work without further delay.
Wipro's global IT services business had 97,552 employees, including 16,500 in the BPO division till the second quarter (July-September) of this fiscal.
Source: IANS
"Of the total 13,500 campus offerings made across the country last year, we have taken 3,700 of them so far, while the remaining (9,800) have been told to wait for their turn to join," Wipro vice-president for talent acquisition Pradeep Bahirwani told reporters here at a hurriedly called press conference.
Due to slowdown in the IT industry and tough business environment, Bahirwani said, the company had discontinued campus offerings this fiscal for the time being.
"We have made 8,000 campus offers across the country in about 200 engineering colleges, including IITs and NITs (National Institutes of Technologies) this year as against 13,500 last year," Bahirwani said.
To make better use of the engineering freshers hired but not absorbed, the company has began to offer them the option of joining its BPO (business processes outsourcing) division at its software development centres in Kolkata, Bhubaneswar and Hyderabad for the same compensation fixed for IT services.
"To meet our BPO division's requirements in technical support, we have offered them the choice of coming onboard or wait as long for the joining date at the salary stack made in the offer letter. We hope to see a turn-around in business after 12-18 months to move them to IT services," Bahirwani said.
The company's novel initiative to ask freshers hired for IT services to join BPO division by paying upfront
75,000 for bond backfired in Kolkata, with the hired engineers protesting against such the move and taking up the matter with West Bengal IT Minister Debash Das Monday."The option has been given in commensurate with our current requirements, which are more in BPO than in IT services, as technical support role requires engineering grads and not those from science or general stream. There is no compulsion or change in compensation," Bahirwani clarified.
Defending the offer to join the BPO division, the HR official said the decision was taken to give an opportunity to engineering graduates to get on work without further delay.
Wipro's global IT services business had 97,552 employees, including 16,500 in the BPO division till the second quarter (July-September) of this fiscal.
Source: IANS
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Reader's comments (7)
1: Some people may be satisfied by BPO jobs, but
it is a matter of concern for the well
qualified ones. The economic slowdown has
affected all companies, not just Wipro. IT
companies should learn from Infosys. Although
there is a small delay, they are honoring all
the offers given.
Posted by: blaze - 03 Dec, 2008
2: In a market economy, shareholders, managers,
and workers (including engineers) get
fluctuating dividends, bonuses, and earnings
opportunities (jobs) respectively. In a
socialist economy, everybody (except the
party bosses) gets bread and soup for ever.
Businesses have to care for these three
groups as they want to assure shareholders
that they will get a fair return on their
investment, managers that they will get
rewards for their superior efforts, and
workers that they will get a stable job with
reasonable wages. Young people have to
understand the vagaries (ups and downs) of
the market and take the best opportunities
they get at a given juncture.
Posted by: Som Karamchetty, PHD - 03 Dec, 2008
3: Catching you in left hand rather than in
right hand. The aim is to not let you go!
Posted by: Simbu - 03 Dec, 2008
4: by looking at the world economic meltdown,
this step taken is expected as many big
players are facing this situation and cutting
down their employee strength. but in this
case you have option to join and earn as
committed, does not matter whether you are
joining in BPO or IT services....
Posted by: Santosh - 03 Dec, 2008
5: Hi,
I just want to take a moment and say that at least people come to know by these big companies. They offer now they ask to join BPO, okay that is fine but say after 6 months working in BPO will that person will be given a technical job? If these big companies WIPRO, IFOSYS will do so ask them to produce you a letter in writing that it will do so.
I heard that WIPRO is even firing experienced employees a lot many I dont understand if this is due to the recession and due to the IT slow down why dont WIPRO or the higher officials reduce the employee salary a little bit or put them in BPO for time being as they are doing for fresh ones. I am really dissatisfied with the decision taken by these big companies. A person joining these companies will hav a lot of commitments in life the top officials should understand earning a degree and after spending so much for education if one does not get the job in his or her required field then what else he or she will do to survive and take care of this family.
I just want to take a moment and say that at least people come to know by these big companies. They offer now they ask to join BPO, okay that is fine but say after 6 months working in BPO will that person will be given a technical job? If these big companies WIPRO, IFOSYS will do so ask them to produce you a letter in writing that it will do so.
I heard that WIPRO is even firing experienced employees a lot many I dont understand if this is due to the recession and due to the IT slow down why dont WIPRO or the higher officials reduce the employee salary a little bit or put them in BPO for time being as they are doing for fresh ones. I am really dissatisfied with the decision taken by these big companies. A person joining these companies will hav a lot of commitments in life the top officials should understand earning a degree and after spending so much for education if one does not get the job in his or her required field then what else he or she will do to survive and take care of this family.
Posted by: navamani - 02 Dec, 2008
6: Shame on Wipro... They have offered BPO jobs
to those who were intially offerred a post of
Software Engineer.
Posted by: bx3 - 02 Dec, 2008
7: how is it possible to make the students less
impacted when the companies themselves are
under pressure.. i don't see any reason to
complain..
Posted by: parav - 02 Dec, 2008
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