STOCK MARKET BSE NSE

Wipro to roll out salary hikes for junior staff from September 1

Wipro Limited will initiate merit salary increases (MSI) for all eligible employees up to Band B3 (Assistant Manager and below).

Published: 18th June 2021 05:49 PM  |   Last Updated: 18th June 2021 05:49 PM   |  A+A-

money, 500 currency, cash

For representational purpose. (File Photo | PTI)

By PTI

NEW DELHI: IT services major Wipro on Friday 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.

The company, however, didn't specify the quantum of hikes. The Bengaluru-based company usually offers salary hikes in June.

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. 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.


TAGS
Wipro

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp