Wipro announces average salary hike of 7%

Matching the IT industry standards, India's third largest software exporter Wipro announced average salary hike of 7%. The hike is in line with its rivals Tata Consultancy Services (TCS) and Infosys' announcements earlier this year.

TCS announced average salary hike of about 8% for its employees in India, while India’s second largest software exporter Infosys rolled out average wage increase of 6.5% in March, reports the Economic Times.
"The Wipro Ltd. has announced a salary increase for eligible employees, effective June 1, 2015. The average salary hike would be 7% for offshore employees and 2% for onsite employees, respectively, with high performers being rewarded with substantially higher increases in their compensation," said Saurabh Govil, global head - Human Resources, Wipro Limited.
Wipro also raised the fixed pay salary component at the junior and mid-management levels.
The IT services segment of Wipro has a headcount of 158,217, as of March 31, 2015.
The company said, earlier, that it would give double-digit salary hikes to top performers.
According to experts, employees in the IT sector are expected to get a 8%-10% average salary hike this year, but a top performer who has the right mix of technology and domain skills can expect more than double the average hike, going up to about 25% or even higher in some cases.

(Image: Indiatimes)