Wipro Salary Hikes

Wipro Salary Hikes
Wipro has just handed out salary increments to all its employees. With effect from February 1, employees will get a pay hike in the 8% to 12% range with some even getting a 15% increase. Such a hike comes after a long dark tunnel — of 12 to 18 months — when employees went through a difficult period of layoffs, uncertainty, additional work loads, and salary freeze.
A couple of mid-tier Wipro executives said the hike is a morale booster. "I was seriously exploring a job change. Now that I'm getting a hike close to 15%, I guess I should stay back," a senior project manager said.
Infosys had given a single-digit increment in October. It had announced an across-the-board raise and promotions with effect from October 1, 2009. Domestic salaries went up by 8% while onsite pay rose by 2%. "During the October-December quarter, our variable pay has been 100%, against 92% in the previous quarter. We'll be thinking of a further salary hike only in April 2010," said its HR head T V Mohandas Pai.

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