There is good news for the employees of Wipro company. The company is considering increasing the salary of its best performing employees from September 2024. Some special employees of the company who have performed well will get an average salary increase of eight percent.
According to media reports, last year also the company had given gifts to those employees who had done good work by increasing their salary. Last year the salary was increased by about six percent. This has helped in improving the salary of the company’s employees. It is worth mentioning that the technology sector is witnessing a slowdown globally these days. At the same time, due to economic uncertainties, customers are cutting down on IT expenses.
Recently, Tata Consultancy Services also announced double-digit salary hikes for its best-performing employees, while others have been given a salary hike ranging from 4.5 per cent to 7 per cent from April 1, 2024. About 75 per cent of Wipro’s 200,000 offshore employees have received an average salary hike of around 8 per cent. Employees posted at client sites will be given a 3 per cent hike. These revised salaries will be effective from September 1, 2024, the report said.
The report cited an internal email sent by the company’s chief human resources officer Saurabh Govil, in which the executive assured employees that these hikes will be reflected in their salaries from October in addition to the September arrears.
Notably, there has been a leadership change at Wipro and Srinivas Palliya will take over as CEO in April 2024. The Indian IT industry saw its slowest growth last year, growing at just 3.8 per cent and is valued at $254 billion.
The tech giant’s employee cost for the year 2023-24 financial year was Rs 549 billion, which is 61 percent of the full year revenue of $10.8 billion. The firm also expects to increase hiring especially from campus and aims to bring on 10,000 freshers by March 2025.
