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Business News/ Companies / People/  Wipro announces second salary hike for employees this year
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Wipro announces second salary hike for employees this year

The increments will be in the high single digits for offshore employees while it will be in the mid-single digits for onsite employees, Wipro said

Wipro usually offers salary hikes in June. (Representational Image) (REUTERS)Premium
Wipro usually offers salary hikes in June. (Representational Image) (REUTERS)

Bengaluru-based IT services company Wipro has said it will give wage hikes to junior employees with effect from September 1, 2021. "Wipro Limited will initiate merit salary increases (MSI) for all eligible employees up to Band B3 (Assistant Manager and below), effective September 1, 2021. In January 2021, the company had announced salary hikes for eligible employees in these bands, who form 80 per cent of the company's workforce – this is the second hike in this calendar year," Wipro said in a statement.

As announced earlier, all eligible employees above band C1 (Managers and above) will receive pay hikes effective June 1, it added.

"On average, the increments will be in the high single digits for offshore employees while it will be in the mid-single digits for onsite employees. The company will reward top performers with substantially higher increases," it said.

Wipro usually offers salary hikes in June.

Wipro had also rolled out promotions for high performers in bands up to B3, effective December 1, 2020. Many IT firms, including Wipro, had deferred annual increments and promotions at the beginning of FY'21 due to the pandemic-induced slowdown. These increments were given in the later months.

The demand for talent will outpace supply and become a "key dependency" for growth as enterprises globally accelerate digital adoption with virtual, Wipro Chairman Rishad Premji has said. The Bengaluru-based company has effected "bold changes" in the last six months to help serve customers better and is well-positioned to leverage as well as enable digital transformations for its clients, Premji said in the company's annual report for FY21.

Wipro employees are categorised in five bands (A to E), with sub-rankings within each band based on their work experience. Employees up to the B3 band (juniors) account for the biggest share of Wipro's over 1.97 lakh staff.



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Published: 21 Jun 2021, 10:52 AM IST
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