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Wipro’s new system will be:
1) Quarterly Evaluation System
2) Feedback given more regularly in the Quarterly Evaluation
3) Enable Managers with budgets and they can link compensation increments to performance.
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They have broken down yearly goals to quarters.
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With the quarterly feedback program they want the management to track the employee performance on smaller interval and development procedures as and when necessary.
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With new system, WIPRO hopes to :
Better Trained, Better Engaged Employee = Better Performance