IT services major Wipro has announced a second salary hike athis calendar year after announcing one in January 2021. The latest hike announcement will impact 80 percent of its employees with effect from September 1, 2021.
\According to a statement from the company, "Wipro will initiate merit salary increases (MSI) for all eligible employees up to Band B3 (Assistant manager and below), effective September 1, 2021. In January 2021, the company had announced salary hikes for eligible employees in these bands, who form 80 percent of the company’s workforce – this is the second hike in this calendar year," the company said in a statement.
"As announced earlier, all eligible employees above band C1 (Managers and above) will receive pay hikes effective June 1. On average, the increments will be in the high single digits for offshore employees while it will be in the mid-single digits for onsite employees. The company will reward top performers with substantially higher increases," the statement added.