Thursday, April 20, 2006

Support Wipro: Thanks Mr. Premji

Yesterday I reported that it looks like CII is meekly giving in to the reservation proposals in the private sector.

Today a very heartening piece of news came in: read here.

A day after Prime Minister Manmohan Singh asked industries to broadbase employment and make it representative, Wipro Chairman Azim Premji said his firm would recruit people based only on merit.

"We compete with global companies. We are primarily in the service business in terms of the mix of our consolidated revenues", he said, adding that "the service business is highly people-dependent. People make you (the company) successful or the people make you less successful".

Premji pointed that close to 80 per cent of Wipro's global revenues come from the US, Europe, Japan and parts of the Middle-East.

"We have no alternative but to hire the best talent available within India and the best talent available globally to man our positions -- critical positions, non-critical positions, (and) programming positions", he said. (At a press conference announcing the landmark $2 bn in revenue).

Support Wipro, apply for jobs at that company or urge your friends to do so. At a minimum, buy Wipro stock. I have already been handsomely rewarded for owning Wipro stock. If Mr. Premji is true to his word, it means his company rewards achievers. For a knowledge based company, that's bound to be a good thing.

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