Wipro suffers highest attrition rate

Bangalore, Apr 20 (UNI) Despite offering better compensation package to its employees, IT bellwether Wipro is facing a high rate of attrition at 16.2 per cent during the last quarter of 2006-07 and 16.9 per cent on an annualised basis.

The attrition rate in Wipro BPO was an astounding 48 per cent on an annualised basis, according to Wipro BPO Chief Executive T K Kurien. This was inspite of the BPO arm of Wipro being recognised among the Top BPO Providers for 2006 by the International Association of Outsourcing Professionals (IAOP). Wipro Technologies was also recently rated as the top Indian outsourcing firm in the Global Outsourcing 100 rankings.

Speaking to newspersons after announcing the company's fiscal results for 2006-07, Mr Kurien said ''there is some pressure on this front. Many people leave to pursue higher studies and due to other factors like odd working hours.'' UNI