New Delhi: Wipro, India's third largest software services firm, on Monday said it will hike salaries of its employees in the country by an average 9.5 per cent this fiscal year, in line with its larger rivals Tata Consultancy Services (TCS) and Infosys.
Effective June 1, its onsite employees will get wage hikes of an average 2 per cent.
"Wipro Ltd will announce a salary increase for eligible employees, effective June 1, 2016. The average salary hike will be 9.5 per cent for offshore employees and 2 per cent for onsite employees, respectively," Wipro said in a statement.
High performers will be rewarded with substantially higher increases in their compensation, it added.
At the end of March 31, 2016, the company had 1,72,912 employees on its payrolls.
Rival Infosys has given wage hikes of 6-12 per cent to its employees in India and of about 2 per cent to onsite workers, apart from offering equity to incentivize top performers.
TCS, India's largest software services firm, has also given 8-12 per cent hikes to employees this year.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
