Wipro Fight Against Economic Low Down- Here Is The Idea For All Business Sectors!!

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Wipro Fight Against Economic Low Down- Here Is The Idea For All Business Sectors!!
Wipro Fight Against Economic Low Down- Here Is The Idea For All Business Sectors!!

Wipro Fight Against Economic Low Down- Here Is The Idea For All Business Sectors. Strong economic decrease and attrition rate is dominated in the business sector now. In the first quarter of this fiscal year 2022 Tata Consulting Services-TCS Hindustan Computer Limited-HCL and Wipro hired lots of the employees for their firms. Due to this the attrition rate is increased and economic level decreased among the firms. Wipro catch the good idea to fight against this economic decline.

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Fighting against the deadly attrition rate Wipro improved its margin level unlike other companies like TCS and HCL. In the April to June 2022 period from 23.8 percent in the previous quarter Wipro hiked its economic margin level. The company’s attrition rate was much higher when compared to 15.5 percent during the corresponding quarter last year.

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Wipro official report that, “We are guiding that in Q2 as well we will see a further drop. So it will be three quarters in a row where we are seeing contraction in attrition and this is driven by a number of factors in terms of growth, opportunities, promotions, rotation, the technology people are working on, the environment in which we are, the flexibility they have, their belongingness to the organization”.

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