Wipro has hiked salaries of its employees by 9.5 per cent, an improvement when compared to 2015 when it hiked salaries by 7 per cent as it seeks to revive growth.
“Effective June 1, the average salary hike will be 9.5 per cent for offshore employees and 2 per cent for onsite employees,” said Saurabh Govil, Chief Human Resources Officer, Wipro. Further, he added that high performers will be rewarded with substantially higher increases in their compensation, something which the company had said last year too but did not go into specifics.
Wipro’s IT services business recorded ₹48,732 crore, or an 11 per cent growth when compared to the same period last year. During the quarter ended March 31, 2016 Wipro had made a net headcount addition of 2,248 taking the total employee strength to 1,72,912.
Earlier, Infosys announced a salary hike in the range of 6-12 per cent to its India-based employees, while those working on onsite locations would get a hike in the range of 1.5-2 per cent based on the geography.