Wipro's attrition rate has almost doubled in the past few quarters 
Wipro's attrition rate has almost doubled in the past few quarters 
Indian IT behemoth Wipro has been battling high attrition rates for the past few quarters amid cost overloads and margin pressures. The tech giant, which employs 2,58, 574 people, has an attrition rate of 23.3 per cent, and added over 15,000 new employees in the first quarter of the financial year 2022-23. The top management of the company, including Thierry Delaporte, Chief Executive Officer, and Rishad Premji, Executive Chairman, has also addressed this issue on several occasions.
The recent attrition trend at Wipro
Wipro’s attrition rate has almost doubled in the past few quarters. Attrition rate refers to the metric used to measure the loss of employees over time.
As per the company’s quarterly results, the attrition rate in the fourth quarter of the financial year 2020-21 was 12.1 per cent. In the next quarter, the first quarter of the financial year 2021-22, the company reported over a 3-percentage point spike in its attrition rate as the rate rose to 15.5 per cent. The subsequent quarter marked the steepest rise in attrition rate for Wipro, a net change of 5 percentage points as the attrition rate rose to 20.5 per cent.
The attrition rate in the December quarter of the financial year 2021-22 was 22.7 per cent and it rose to 23.8 per cent in the last quarter of the financial year 2021-22.