Wipro to Raise Salaries of 80% Workforce by December 1

Wipro surpasses Cognizant in market capitalization
Wipro is now the fourth-most valuable IT services firm globally after Accenture, TCS, and Infosys. The company is signaling renewed investor confidence in Wipro nearly a year after its new CEO, Thierry Delaporte took over.

Wipro to Raise Salaries of 80% Workforce by December 1, 2020.

IT major, Wipro confirms its plan to roll out a single-digit salary hike for nearly 80 per cent of its employees, effective December 1.

In Conversation with SightsIn Plus, Wipro CHRO Saurabh Govil said, “The Majority of our workforce (over 98%) continues to operate from home as of now. We do see merit in people coming to office to experience the culture and build social capital via informal interactions. However, in these circumstances, our first priority is employee safety. We have tried different options in getting people to the office, where required such as zoning protocols, distant seating, isolation rooms, sanitization, etc but we implement them only when required. As much as possible we are enabling employees to WFH. 

“Wipro will roll out promotions for high performers in bands up to B3 effective December 1, 2020. Bands up to B3 form about 80% of the company’s workforce. Separately, Band Team-Rainbow or engineering campus hires will receive confirmatory hikes effective December, 1.” Details on the quantum of hike and how many people this will impact are awaited., Saurabh Govil said,

According to Times Now report, Annual increments at Wipro usually happen in June, the company had said in April that this will be deferred indefinitely due to the Coronavirus. The company had said then that it will take a call based on how the business moves. It also said it will honour all job offers made in engineering and MBA institutes, though they may be inducted in a staggered manner. 

Responding to SightsIn Plus on the future of jobs, Govil said, “IT industry has been going through a phase of transformation. Old models and assumptions are being challenged. Advances in technology, automation, access to global pools via technology platforms are some of the factors challenging current models and making them obsolete.”

“We have already seen that L1 jobs in the IT services industry are increasingly getting automated. Skill redundancies are very much a reality. Hence what worked earlier won’t work now. Jobs that are currently hot may not exist in a decade,” he said

“Jobs in data are likely to be quite in demand. There are various estimates of how many devices will be connected to the internet by 2030 with some reaching upto 500 billion! Data from these devices will be need to be analysed and presented in a form to take business decisions,” he said

“Due to the pandemic and increasing reliance on online consumption of services, risk of frauds and cyberattacks has increased. So that will be an area for jobs. Jobs in design will also be in demand. There are many more areas however the point to note here is that all these require high-end skills and competencies.” He added.

Future jobs in IT will be those that are at the intersection of disciplines such as technology and design.



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