Wipro vetan news | Wipro announces salary hike for its employees, second increase this year
Wipro is going to increase the salary of its employees for the second time this year (Photo-istock)
- Wipro has announced salary hike for the second time in this calendar year.
- The second pay hike will be effective from 1st September 2021.
- 80 percent of the employees will get the benefit of this salary hike.
In the Corona era, where people’s jobs are being lost, on the other hand, IT sector giant Wipro has brought a good news for its employees. The IT giant has announced a pay hike for around 80% of its employees, which will be effective from September 1, 2021. According to a statement, the company will start increasing the eligibility compensation for all eligible employees up to Band B3 (Assistant Manager and below) on September 1, 2021. It also announced that from June 1, all eligible employees above Band C1 (Managers and above) will get the benefit of increment.
Wipro Limited will introduce merit increment (MSI) for all eligible employees up to Band B3 (Assistant Manager and below) with effect from September 1, 2021, the company said in a statement. In January 2021, the company had announced a pay hike for eligible employees in these bands. The number of employees taking advantage of the pay hike is 80 percent. This is the second increase in this calendar year. As announced earlier, all eligible employees above Band C1 will get a pay hike from June 1.
The company said that on an average, wage growth for offshore employees will be in the high single digit, while it will be in the mid single digit for onsite employees. The company will reward the top performers with significantly higher growth. Average Salary for Wipro Employees in India Wipro employees are divided into five bands (A to E) with sub-rankings within each band based on job experience. Wipro has over 1.97 lakh employees in the B3 band (Juniors). Wipro employees earn an average of 19.6 lakhs every year. Based on 3880 profiles, Wipro employees earn an average of 19.6 lakhs, with most earning between 5.0 lakhs and 50.0 lakhs.
Wipro Limited is a global Indian organization providing information technology, consulting and business process outsourcing. Its headquarter is located in Bangalore, Karnataka, India. Wipro demerged its non-IT businesses in 2013, forming the privately held Wipro Enterprises. Due to the COVID pandemic, Wipro has switched to a work from anywhere model from March 2020, allowing workers to work from anywhere in the world except the Wipro corporate premises.
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