Monday, September 29, 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

Flipkart opens center in Visakhapatnam to create nearly 1,000 jobs

Flipkart, India’s homegrown e-commerce marketplace, has expanded its footprint...

JPMorgan to hire more than 500 wealth management advisers

JPMorgan Chase executives said on Thursday they plan to hire...

IndiGo is hiring for various roles, conducting Walk-In drive, Apply

An Indian low-cost airline, IndiGo is hiring for various profiles and...

Microsoft CMO guides employees on how to raise salaries

An American multinational technology corporation, Microsoft employees aren't getting salary...

Microsoft India Ramps Up Hiring; 3000+ Roles Across Domains

In a significant move, Microsoft India is on a...

Cognizant is hiring for various roles WFH, Hybrid & Fresher Jobs

Cognizant an American multinational information technology services and consulting company...

IBM Offers 4-Week Internship on AI & Cloud Tech, Deadline 31 Aug

IBM is inviting applications for its SkillsBuild Internship Program,...

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/