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Yippee! Wipro employees will get a salary hike
Country\'s third-largest software services firm Wipro today said it will hike salaries of its employees in the country by 9.5% average this fiscal, in line with its larger rivals, TCS and Infosys .
Country's third-largest software services firm Wipro today said it will hike salaries of its employees in the country by 9.5% average this fiscal, in line with its larger rivals, TCS and Infosys .
Effective June 1, onsite employees will get wage hikes of an average 2%.
"Wipro Ltd will announce a salary increase for eligible employees, effective June 1, 2016. The average salary hike will be 9.5% for offshore employees and 2% for onsite employees, respectively," Wipro said in a statement.
High performers will be rewarded with substantially higher increases in their compensation, it added.
At the end of March 31, 2016, the company had 1,72,912 employees on its payrolls.
Cross-city rival Infosys has given wage hikes of 6-12% to its employees in India and of about 2% to onsite workers, apart from offering equity to incentivize top performers.
India's largest software services firm Tata Consultancy Services (TCS) has also given 8-12% hike to employees this year.
