Wipro announces salary hikes effective September 1; second in CY21
IT services major Wipro today announced salary hikes that will impact at least 80 per cent of its employee base. The salary hike will be effective from September 1, 2021. This is the second salary hike that the company is giving its employees in this calendar year.
“Wipro will initiate merit salary increases (MSI) for all eligible employees up to Band B3 (Assistant manager and below), effective September 1, 2021,” said a statement from the company. In January 2021, the company announced salary hikes for employees in these bands, who form 80 per cent of the company’s workforce.
Wipro further added that all eligible employees above the C1 band (managers and above) will receive pay hikes effective June 1. “On average, the increments will be in the high single digits for offshore employees while it will be the mid-single digits for onsite employees. The company will reward top performers with substantially higher increase,” said the company.
The company post its Q4 results has stated that it will do all that is required to retain talent at the company. For the Q4 Wipro had an attrition of 12.1 per cent. Saurabh Govil, CHRO, Wipro while sharing his views on retention said: “We are also giving out skill based bonuses for the people with right skills, and it is already underway.”
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