Wipro employees to get pay hike

IT major Wipro Ltd would raise salaries for nearly 80 per cent of its employees effective December 1, a reward for ensuring business continuity during the uncertain times of the coronavirus-induced disruptions and the ensuing crisis. 

However, the salary hike will be single-digit only. Besides, work from home has been extended for all employees till January, 2021.

As per the management, all employees who are B3 band and lower will be eligible for the salary hike.

Currently, Wipro, India's fourth-largest IT services exporter—employs over 1.85 lakh people and 80 per cent of them would be around 1.5 lakh staff. The company has, however, confirmed that “the increments will be in line with previous years for high performers”, according to a report in the Economic Times. 

As per industry observers, Wipro has suffered a 3.4% year on year decline in the net profits, but despite that loss, they have announced a salary hike.