Filed in archive Management by prashanth on November 26, 2006
Attrition & People are the greatest concern for IT Services firms, just read the article on Wipro's revised approach - People Pulse , the people tracker colour-codes every Wipro employee - red, amber and green. Red means highly likely to leave. Amber is the middle zone, and green the ones who are most unlikely to leave. They are tracked all the time. The colour zone helps the company focus on them better. Those in the high-risk zone, red, are under constant watch.
"This has helped us forecast how our employees are going to behave, track attrition and better manage it by timely interventions," says Prateek Kumar, HR head, Wipro Technologies.
The attrition forecast, with an error margin of 2%, has been fairly accurate.
Every employee at Wipro is mapped and his future growth path is identified fairly soon. The best managers are recognised with RSUs and special assignments. 'An evening with Azim Premji' is another way of making them feel special.