In what could be the first signs of a turnaround in the IT sector, Wipro, India’s third-largest software exporter by sales, has lifted the freeze on promotions and hikes on a selective basis.

Wipro’s senior vice-president-HR Saurabh Govil confirmed the development and said the company continues to invest in leadership talent and recognise them, even if on a selected basis. The company did not give details about the percentage of employees who got promoted or the range of these promotion-linked hikes.

“We do not work on any percentages. Employees meeting the promotion criteria get promoted. Those promoted get standard promotion-linked increases. This happens across all levels in the organisation,” Mr Govil said in an e-mail response. Read more…

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NEW DELHI: In a year that saw the stock markets crash and a serious liquidity crunch halt companies’ expansion plans globally, the number of Indian companies that added new employees were 30% more than those that reduced manpower, according to an ET study.
The sample of 375 public listed companies of which employee data for the year ended March 2009 is available shows that three out of every five companies added people, led by top IT services firms and banks.
The robust domestic demand has been keeping Indian companies busy even as those dependent on exports such as the textile industry have seen mass retrenchment. As many as 200 companies ended the financial year with more staff as against 150 which saw a decline in the number of employees. The remaining firms maintained their workforce during the year. Read more…

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