Wipro will promote ‘high performers’ up to band B3 in Dec 2020, which form about 80% of its workforce
Wipro Ltd will promote its high-performing employees in December, rewarding them for ensuring business continuity during the pandemic.
Wipro spokesperson said, “Our employees showed remarkable resolve and resilience in ensuring seamless business continuity and maintaining high standards of service in these challenging times,”
The company will promote “high performers” up to band B3, which are about 80% of its workforce, i.e. 145,000 employees out of its total headcount of over 180,000.
These promotions indicate the company’s positive outlook amid the pandemic as its stock jumped over 50 percent in the last six months.
Wipro had earlier said that the company is pausing hikes and promotions in light of the pandemic. While TCS had said it would give promotions selectively, Infosys suspended it all together. However, all firms had said they would honour all the offers that had been handed out to freshers. Apart from Wipro, Infosys is also looking at promotions as the demand environment is seeing improvement, according to reports.
Earlier in April, Capgemini rolled out promotions to its employees. Cognizant in an email to employees said that it is kicking off the promotion cycle of employees from October 1.
