Wipro joins World Economic Forum’s Partnership for New Work Standards initiative
Wipro Limited (NYSE: WIT) has joined the World Economic Forum’s Partnership for New Work Standards initiative, aiming to enhance employee well-being and set future work standards. Saurabh Govil emphasized Wipro's commitment to improving job quality and employee safety. The company plans to focus on innovative work models and holistic programs for physical, social, financial, and mental health. This initiative reflects Wipro's dedication to a sustainable future of work amidst challenges posed by the COVID-19 pandemic.
- Involvement in the World Economic Forum’s Partnership for New Work Standards initiative enhances company credibility.
- Focus on employee well-being aligns with global trends and may improve employee retention and satisfaction.
- Commitment to developing innovative work models may position Wipro favorably in the competitive IT services market.
- The initiative may not lead to immediate financial gains or stock performance improvements.
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has joined the World Economic Forum’s Partnership for New Work Standards initiative to establish a healthy, resilient and equitable future of work. This initiative aims to co-create new frameworks, shape forward-thinking people policies and utilize tools and technologies to collectively build human-first work standards, with people at the heart of business.
Saurabh Govil, President and Chief Human Resources Officer, Wipro Limited, said, “Companies around the world today are reinventing themselves so they can offer better employee flexibility, stability and security. Wipro is committed to advancing work standards for improved job quality, employee safety, and overall employee well-being. As we join the World Economic Forum’s Partnership for New Work Standards initiative, we hope to contribute to global discussions and behavioral change around work. This step demonstrates our willingness to contribute to collective action that helps build a sustainable and resilient future of work.”
Wipro has invested in its workforce, developed new ways of working, and created a more relevant and inclusive post-pandemic work environment to seamlessly transition to a sustainable future of work. The company is also undertaking initiatives to support and equip its people with dedicated programs for physical, social, financial and mental well-being. Read Wipro’s response, key insights and lessons from the COVID-19 crisis to foster employee engagement and mental health here: Resetting the Future of Work Agenda: Disruption and Renewal in a Post-COVID World.
Till Leopold, Head of Action Initiatives, Centre for the New Economy and Society at the World Economic Forum, said, “As organizations transition from the COVID-19 crisis into the ‘new’ future of work, there is the opportunity for employers to collectively reset their approach to the future of work and put people first. Getting this right will help determine whether the post-pandemic recovery leads to positive outcomes for business and for society.”
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control.
Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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