Wipro to double its recruitment volume from university campuses this year
In order to match the growing demand for its services across India and abroad, Indian IT services giant Wipro has announced its intentions to double the volume of recruitment from university campuses over the course of 2019, representing a reversal of the firm’s strategy in recent years.
In its current form, Wipro exemplifies an IT firm that has successfully navigated the challenges posed by digital disruption. Since the rise of industry 4.0 technologies, Wipro was among several IT firms that found their traditional suite of services becoming obsolete, as the average familiarity with IT systems increased.
Clients were no longer in need of IT systems architecture and maintenance, which comprised the majority of Wipro’s service offerings. IT services firms are now expected to offer end-to-end digital strategy and implementation support in various industry 4.0 domains, including artificial intelligence, cloud services and Internet of Things, among others.
A consequent dip in revenues caused Wipro to reduce its spending and cut down significantly on its hiring – a strategy that it has now reversed. Having reoriented its operations to lay greater emphasis on digital services, the firm’s fortunes appear to have turned around.
The firm’s business and financial services vertical became the most lucrative department, boosting its revenues by as much as 2% in the last quarter, and taking its overall profits up to nearly $308 million for the quarter. The growth exceeded the predictions put forth by most experts.
As a result, the firm is now in a steady stream of business and requires the manpower to meet this increasing demand. Moreover, in line with most companies’ recruitment strategies in recent months, Wipro will lay strong emphasis on skills and expertise in various digital fields during its recruitment process.
Not only is the firm now looking for specific skills in its new recruits, but it also plans to step up its volume of recruitment over the next year, particularly from university campuses. Over the course of last year, the firm is reported to have hired fewer than 10,000 students from campus.
The year, the firm plans to recruit twice as many professionals, not only in India but also across the firm’s international markets, which include the US and Australia. “We had seen a dip in our hiring. Now, we are doubling from previous years,” said Chief Human Resources Officer at the firm Saurabh Govil.
