Best performers at Wipro get 10-15%; average wage hike at 7%, 10,000 promoted
The Bengaluru-based firm hands out promotions twice a year, in June and December. It will promote another set of employees in December.
BENGALURU|NEW DELHI: Wipro, India’s third largest software exporter, has promoted 10,000 top-performing employees at the junior level and given 10-15% wage hikes to high performers compared to 7% for the rest of the workforce. However, one in every four Wipro employee was rewarded with the double-digit hike.
The Bengaluru-based firm hands out promotions twice a year, in June and December. It will promote another set of employees in December, human resource head Saurabh Govil said. Wipro had in June announced average wage hike of 7%, in line with bigger rivals Tata Consultancy Services and Infosys’ announcements earlier this year. TCS handed out average salary hike of about 8% for employees in India while Infosys rolled out average wage increase of 6.5% in March.
According to HR experts, the IT sector is expected to get 8-10% average hikes this year, but a top performer with the right mix of technology and domain skills can expect more than double, going up to about 25% or even higher in some cases.
ET had reported earlier that niche skills and domain expertise will rule the roost in the $146-billion IT sector this year.
The Bengaluru-based firm hands out promotions twice a year, in June and December. It will promote another set of employees in December, human resource head Saurabh Govil said. Wipro had in June announced average wage hike of 7%, in line with bigger rivals Tata Consultancy Services and Infosys’ announcements earlier this year. TCS handed out average salary hike of about 8% for employees in India while Infosys rolled out average wage increase of 6.5% in March.
According to HR experts, the IT sector is expected to get 8-10% average hikes this year, but a top performer with the right mix of technology and domain skills can expect more than double, going up to about 25% or even higher in some cases.
ET had reported earlier that niche skills and domain expertise will rule the roost in the $146-billion IT sector this year.
COMMENTS
All Comments
By commenting, you agree to the Prohibited Content Policy
PostBy commenting, you agree to the Prohibited Content Policy
PostFind this Comment Offensive?
Choose your reason below and click on the submit button. This will alert our moderators to take actions