The fresh focus on investment firms signals that more penalties will likely follow after the SEC and the Commodity Futures Trading Commission fined banking giants including JPMorgan Chase & Co. The query is part of a letter that the regulator sent recently to some of the largest players in the industry seeking information on policies and key staff whose texts and emails are supposed to be archived. The Securities and Exchange Commission has asked money managers for details on who at their firms oversees retention of electronic communications, according to the request reviewed by Bloomberg News. Wipro has said that it is using various technology to monitor those involved in moonlighting and will take strict action against them.(Bloomberg) - The broad US probe into the use of outside messaging services like WhatsApp at major banks is now sweeping in recordkeepers at big investment firms. However, Wipro’s attrition has been recorded at 20%.
Also, 85% of the company’s employees receive around 100% variable pay. Meanwhile, the company hired 15,000 people in the first 2 quarters of the financial year. Apart from this, Wipro employees are also likely to be given a deferred bonus on top of the salary hike. At the same time, he also explained how the salary of the employees will progress in the next five years. In this regard, Wipro’s Chief Human Resources Officer Saurabh Govil said that the company has announced a five-year plan from a career and compensation perspective. Meanwhile, Wipro is engaged in activities to identify moonlighting employees. Wipro Job Openings 2022 Released – Business Analyst Apply Online!!! Accordingly, Wipro has announced a five-year plan for detailing salary structure, including annual increments and bonuses, to ensure the expectation of new employees. Good News for Wipro Employees || 5-Year Salary Plans Announcement!!After the crackdown on the practice of moonlighting, Wipro introduced 5-year salary plans for campus recruiters.
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