Over 90% of Wipro’s freshers chose lower salary option: CFO Jatin Dalal
Over 90% of Wipro’s freshers chose a lower salary option: CFO Jatin Dalal According to a top executive at Wipro, approximately 92% of the company's new campus hires have accepted the offer to fast-track onboarding by accepting a lower salary option. Last year, the company offered some of its new hires the opportunity to participate in a four to six-month-long program called 'Velocity' that would upgrade their salary packages from the initial offer of Rs 3.5 lakh per annum to Rs 6.5 lakh. However, some of them were later offered the option to choose the original package of Rs 3.5 lakh. Jatin Dalal, the chief financial officer at Wipro, explained that the environment today is different from what it was a year ago, and the race to hire ahead of demand has been replaced by a more measured approach in light of the declining attrition rates and the ongoing economic uncertainty. He emphasized that decisions regarding freshers are made with full fairness and transparency, an...