Monday, September 8, 2025
spot_img

Wipro announces 10% increment, grant promotions every quarter

spot_img
- Advertisement -

Bengaluru-based infotech major, Wipro is rolling out salary hikes and promotions to control and limit rising attrition.

The top performers may get a salary hike of over 15 percent, however, most of the employees will get a pay hike of 10%.

India’s fourth-largest software firm, Wipro will be announcing promotions quarterly from this month up to the mid-management level. Salary hikes will take place from September. 

Wipro CEO Thierry Delaporte in Q4 results said, “As long as the market is hot, with high demand, there’s going to be high attrition. The day it (demand) slows down the attrition will slow down. What I said two quarters ago is that attrition is here to stay. I still believe that it will continue to be a challenge for us going forward.”

As India’s technology (IT) sector continues to see Covid-19 changes and increased demand forcing companies across sectors to digitize businesses. The jobs in the market for tech workers have risen significantly during and post-pandemic causing a rise in attrition.

Wipro reported attrition of 23.8 percent in the March quarter and the company is slated to announce results for the first fiscal quarter on July 19, while its peer Tata Consultancy Services (TCS), reported an attrition level of 19.7 percent for the quarter ended June in FY23.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

New Office Terms: Frolleagues, Bare Minimum Monday & more

As the companies are in transition from working from...

Deloitte plans bulk-hire, freshers can also explore job opportunities

A multinational professional services network, Deloitte in India is on a...

IBM appoints Kathryn Guarini as Chief Information Officer

IBM appoints Kathryn Guarini as Chief Information Officer Earlier this...

Infosys and Wipro: Pioneering the Future of GCCs in India

In the rapidly evolving sphere of global business, India...

India Inc Backs PM Internship Scheme with Over 80% Support

A recent report has revealed that over 80% of...

Apple to Open Four New Retail Stores in India; Boost in Hiring

Apple Inc., the U.S.-based tech giant, is gearing up...

Women Workforce Progression Challenges; Data-Driven Insights

In a world where gender equality remains an ongoing...

Vee Technologies is on hiring spree to recruit 3,000 fresh graduates

A leading consulting and professional services organization, Vee Technologies...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/