Wednesday, October 22, 2025
spot_img

Wipro to roll out salary hikes for junior level employees from January 1

spot_img
- Advertisement -

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.

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

Adecco India to Scale Up GCC Workforce to 2,500+ by Year-End

Adecco India has announced a significant expansion of its...

Qualcomm Elevates Pooja Joshi to Senior Director, HRBP

Qualcomm has appointed Pooja Joshi as its new Senior...

TCS plans to expand footprint in Illinois, create 1,200 jobs

Tata Consultancy Services (TCS) announced plans to boost its...

Will Robots Need Succession Plans Too?

For decades, succession planning has served as a roadmap...

PM Modi urges youngsters to join Startup India international summit

PM Modi urges youngsters to join Startup India international...

EY GDS Expands in Tamil Nadu with New Coimbatore Office

EY Global Delivery Services (GDS) has announced the opening...

Genpact has announced the CEO succession plan

Genpact, a global professional services firm focused on delivering...

JPMorgan Chase CEO Slams Petition for Remote Work Flexibility

In a recent town hall meeting, JPMorgan Chase CEO...

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/