Wipro windfall – promotions every quarter

Wipro Ltd is overhauling its employee bonuses and increments to rein in high attrition and attract fresh talent as India’s technology sector continues to see a covid-induced boom in hiring.

India’s fourth-largest software services firm plans to offer employee promotions every quarter—a first for the Bengaluru-based company—and boost salaries of most of its workforce by 10% in September, with the top performers receiving more than 15% hikes.

“Wipro is expected to roll out the hikes in September, and there are large-scale promotions to be rolled out in July. The company has decided to offer quarterly promotions to top performers, who are not in the leadership team,” said a company executive aware of the development on condition of anonymity.

Confirming the plans, a spokesperson for Wipro said the company “will roll out several promotions for its employees, starting July.” Livemint