Wipro gives 16% salary hike to its employees
Wipro is Bangalore based Multinational IT consulting and System Integration Services Company. As of financial closing year 2014, Wipro has 146,000 employees in nearly 61 countries. Wipro has announced nearly one in five employees with a very good hike of 16% salary increase and definitely this is going to help in decreasing the attrition rate.
This salary increase is going to reflect staring from June 1 and employees working at onsite client locations will get an average of 2% while it was an average of 8% for the rest of the employees. But the top 20% best performers were given with 16% of the average hike.
Wipro’s senior vice president of Human Resources stated as "This salary increase mainly to encourage best performers to continue their work to achieve good market result”.
"We have done the salary hike in the past but this year salary hike is quite increased." Some IT experts believe that Wipro's salary hike decision to reward best employees whose skills are in demand, including those with expertise in big data and analytics, that can fight against high rate of attrition.
Wipro gives 16% salary hike to its employees Reviewed by Praveen P on Thursday, July 31, 2014 Rating: