WIPRO TO ROLL OUT SALARY HIKES FOR NEARLY 80% OF ITS EMPLOYEES: CHECK DETAILS 

Amid the pandemic and global economic crisis, India's  leading IT company Wipro is rolling out pay / salary hikes for nearly 80 percent of its employees. 

This hike will be effective from January 1 along with promotions for high performers. Meanwhile, this is a reward for ensuring business continuity during the uncertain times of the coronavirus. 

As per Times of India (ToI) report, Wipro is giving hikes to eligible employees in the junior band (B3 and below) effective January 1. Employees up to the B3 band comprise 80 percent of its 1.8 lakh employees.

Meanwhile, all eligible employees at the mid-level (C1 band and above) will receive salary increases effective June 1 next year. Even the hikes would be in the range of 6 to 8 percent for offshore employees, and 3 to 4 percent for on-site staff, ToI further reported. 

Wipro’s annual increment is normally effective from June. However, 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 percent 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 clarified to TOI’s query.

During the pandemic, the company had given 100 percent variable pay to its employees for the July-September quarter. Also, Wipro reported a 3.15 percent rise in its net profit at Rs 2,465.7 crore for the three months ended September 30, 2020.