Wipro to roll out pay hikes from January 1

The Thierry Delaporte-led Wipro NSE 0.99 % is spreading some early New Year cheer. The Bengaluru-based firm is rolling out hikes for eligible employees in the junior band (B3 and below) effective January 1. Employees up to the B3 band comprise 80% of its 1.8 lakh employees. All eligible employees at the mid-level (C1 band and above) will receive salary increases effective June 1 next year.

The hikes, sources said, would be in the range of 6%-8% for offshore employees, and 3%-4% for onsite staff. Wipro didn’t comment on the quantum of hikes. The overhang of the pandemic has forced IT firms to revisit their appraisal cycles. Wipro’s annual increment is normally effective June. Those in the C1 band and above have missed one cycle.