Hi buddies...This is Paritosh Agarwal here working as an Associate consultant in Wipro Technologies in the city of Bangalore. When I read the topic "Role of Benefits and Services to attract and retain Talent", I started wondering what benefits Wipro provide to its employees so that they don't leave the organization. For those who do not know, let me tell them that Wipro has the highest attrition rate among all the software companies in India.
I have been working in Wipro for past 2 years and since then there are many people around me who have left the organization. When I asked them why they are leaving the organization, I got different replies, but one thing was common among all the replies and i.e. “because of HR policies".
Time has not gone too far, when Wipro HRs realized were they are going wrong and they every year they roll out some innovative and fascinating ideas to woo the employees and stop the employees drain out. The different schemes that have been rolled out in Wipro which can prove beneficial to the employees are as follows:-
Health reimbursement policy
Tax exemption for house on rent
Tax exemption for vehicle maintenance
Tax exemption for broadband internet connection
Providing food coupons under tax exemption
In spite of these lucrative schemes, Wipro HRs’ are not able to woo the employees to retain them. Definitely there is something lacking somewhere. After much contemplation and discussions with my colleagues, I reached a conclusion that employees do not get enough monetary benefits. In other words I can say people are looking for bonuses. Bonus is a very old technique to provide benefit to the employees and keep them happy but still it is a hot technique. We can say it is an evergreen technique. In a company like Wipro where head count exceeds 50,000, company can’t think of giving bonus to its every employee. Secondly in such a big organization people don’t get recognition for their work easily. They have to toil very hard and not only compete outside the organization but also within the organization.
In Wipro, before every appraisal all the employees are forced to sign an agreement which states that we cannot join the client for whom we work for, after leaving the organization. When I asked my HR why we are forced to sign this bond, she simply replied, “It is a step to retain out best of talent”. Now that’s what is called an innovative idea to retain the talent.
I have been working in Wipro for past 2 years and since then there are many people around me who have left the organization. When I asked them why they are leaving the organization, I got different replies, but one thing was common among all the replies and i.e. “because of HR policies".
Time has not gone too far, when Wipro HRs realized were they are going wrong and they every year they roll out some innovative and fascinating ideas to woo the employees and stop the employees drain out. The different schemes that have been rolled out in Wipro which can prove beneficial to the employees are as follows:-
Health reimbursement policy
Tax exemption for house on rent
Tax exemption for vehicle maintenance
Tax exemption for broadband internet connection
Providing food coupons under tax exemption
In spite of these lucrative schemes, Wipro HRs’ are not able to woo the employees to retain them. Definitely there is something lacking somewhere. After much contemplation and discussions with my colleagues, I reached a conclusion that employees do not get enough monetary benefits. In other words I can say people are looking for bonuses. Bonus is a very old technique to provide benefit to the employees and keep them happy but still it is a hot technique. We can say it is an evergreen technique. In a company like Wipro where head count exceeds 50,000, company can’t think of giving bonus to its every employee. Secondly in such a big organization people don’t get recognition for their work easily. They have to toil very hard and not only compete outside the organization but also within the organization.
In Wipro, before every appraisal all the employees are forced to sign an agreement which states that we cannot join the client for whom we work for, after leaving the organization. When I asked my HR why we are forced to sign this bond, she simply replied, “It is a step to retain out best of talent”. Now that’s what is called an innovative idea to retain the talent.
3 comments:
So how do you make ur employees feel like working in an unhindered environment if u keep forcing them 2 sign such agreement. Dont u think that you are trying to make them work for u like a bonded labourer.
I am just an employee of Wipro. I also think on the same lines as yours. When i inquired HR about this agreement, i got simple reply that this is Wipro policy. Now it is not in the hands employees to chnage the policies. God knows who makes these kind of damn policies
see what people are telling about wipro at www.workexp.com
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