Debate on Unemployment for Job

Recently, the biggest news about employment came in light. Wipro announced to add 11,000 fresher employees during the current fiscal (2010-11). Engineers will be 65% among them.

Mr Pratik Kumar who is the Wipro Ltd's Executive Vice-President, HR, Brand and Communications, said to The Hindu Business Line, “this decision to expand its potential talent pool to the non-engineering graduates was a ‘conscious one' that the company took several years ago and the multiple years of experience in following this practise has helped them scale up the numbers.

Further he adds, “Training costs may go up marginally because of the broadening the talent pool to non-engineers, this would be offset by the fact that they would come at different costs.”

Further Wipro said, “The Company added 5,325 employees in the fourth quarter. But it did not share the number of employees it plans to hire during the next one year. Unlike Infosys, Wipro does not give recruitment details for the next quarter or for the year.”

About the Attrition rate, www.thehindubusinessline.com, an online news portal about news writes, “The company's attrition rate (or employees leaving per hundred) in the IT business touched 17 per cent in the quarter ended March 2010 – a certain high compared to a range between 8.4 per cent and 13.4 per cent in the previous three quarters.”

About the overseas hiring, the news portal writes, “In another trend-setting HR exercise, Wipro has increased its local hires outside India substantially this year. Currently, almost 50 per cent of the overseas hires are locals.”

It is really the biggest news about employment in private sector. We already have been informed about 58 million new job opportunities in government sector.

Wipro is one of the world’s largest software companies. The company has decided to hire Engineers and technical persons in this fiscal year. Announcement of new job opportunities in Airline sectors was also a positive sign for the unemployment guys.