Wipro to roll out salary hikes for junior level employees from January 1
IT major, Wipro is rolling out salary hikes for its junior employees (B3 and below) who are eligible, effective January 1, 2021. The junior band B3 and below comprises of 80% of its total workforce.
According to TOI Report, all eligible employees at the mid-level (C1 band and above) will receive salary increases effective June 1, 2021 with the hike range of 6-8 per cent for offshore employees and 3-4 per cent for onsite employees.
Annual increments at Wipro usually happen in June. Those in the C1 band and above have missed one cycle.
“Our employees have shown remarkable resolve and resilience in ensuring seamless business continuity and maintaining high standards of service in these challenging times. Wipro has announced 100% variable pay linked to business metrics for all employees for both the third quarter (October-December) and the fourth quarter (January-March) of financial year 2020-21.”, The company said to media.
The company said, “we had also given 100% variable pay to our employees for the July-September quarter.”
Earlier, Wipro has also announced promotions and its plan to roll out a single-digit salary hike for high performing employees in the B3 band from December 1. The company reported 3.15% rise in its net profit at Rs 2,465.7 crore for the three months ended September 30, 2020.
