Wipro techies to get pay hike of 9.5% from June 1, in line with rivals TCS, Infosys

By: |
New Delhi | Updated: May 30, 2016 5:43:12 PM

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.

WiproWipro’s onsite employees will get wage hikes of an average 2 per cent effective June 1.

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.

Wipro’s onsite employees will get wage hikes of an average 2 per cent effective June 1.

“Wipro Ltd will announce a salary increase for eligible employees, effective June 1, 2016. The average salary hike will be 9.5 per cent for offshore employees and 2 per cent 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 per cent to its employees in India and of about 2 per cent 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.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Dalian Wanda makes $4.4 bln offer to take Hong Kong-listed property arm private
2Boeing mulls larger engine for biggest 737 MAX -sources
3How four words rewrote Bayer-Monsanto deal script