If you work for IT major Wipro, then there is some excellent news waiting for you!
Wipro, one of the leading IT firms in India, will now be handing out a major salary hike to all its eligible employees! The IT services major, Wipro has announced a salary hike for 80% of its employees. As per the announcement by the company, this will be the second hike in the calendar year, and this new hike will be effective from September 1, 2021. According to Wipro, it will give merit salary increases (MSI) for eligible employees up to Band B3 (Assistant Manager and below) from September 1. Meanwhile, the IT firm informed that employees in these bands count for 80 percent of the company’s total workforce and they are eligible for salary hikes.
However, the Bengaluru-based company has already announced that all eligible employees above Band C1 (managers and above) will receive pay hikes which will be effective from June 2021. It is also reported that Wipro has classified all associates into five bands from A to E with sub rankings within each band based on their work experience. However, band B3 or juniors counts for 80 percent of its total workforce. On the other side, the IT major has plans to hire over 30,000 fresh graduates from campuses this fiscal. Meanwhile, Wipro's IT services workforce crossed the milestone of 2 lakh with a closing headcount of 2,09,890.