Wipro Hikes Salaries; Fixed Pay for Junior Staff Raised

New Delhi: Wipro, India’s third largest software services firm, on Wednesday said it has hiked wages of its employees by 7 per cent.

“In line with industry standards, Wipro has announced a salary increase for eligible employees, effective June 1, 2015. The average salary hike would be seven per cent for offshore employees,” Wipro global head (human resources) Saurabh Govil said in a statement.

He also said onsite employees will get a 2 per cent increase in salaries.

The IT services segment of Wipro has a headcount of 158,217, as of March 31, 2015.

“High performers (are) being rewarded with substantially higher increases in their compensation,” he said.

In addition, Wipro has also increased the fixed pay component in employee salaries at junior and mid-management levels, Mr Govil said.

Larger rival Infosys had announced pay hikes in the range of 6.5 per cent to 9 per cent to employees in India for financial year 2015-16, while for the onsite employees, the hike was 2 per cent.

Tata Consultancy Services (TCS) has also handed out average salary hikes of about 8 per cent for its employees in India.