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Wipro employees to get average 9.5% salary hike this year
Country`s third largest software services firm Wipro today said it will hike salaries of its employees in the country by an average 9.5 per cent this fiscal, in line with its larger rivals, TCS and Infosys.
New Delhi: Country's third largest software services firm Wipro today said it will hike salaries of its employees in the country by an average 9.5 per cent this fiscal, in line with its larger rivals, TCS and Infosys.
Effective June 1, onsite employees will get wage hikes of an average 2 percent.
"Wipro Ltd will announce a salary increase for eligible employees, effective June 1, 2016. The average salary hike will be 9.5 percent for offshore employees and 2 percent 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 percent to its employees in India and of about 2 percent to onsite workers, apart from offering equity to incentivise top performers.
India's largest software services firm Tata Consultancy Services (TCS) has also given 8-12 per cent hike to employees this year.