Wipro announces average salary hike of 7%, keeps it in line with rivals TCS and Infosys

NEW DELHI: India’s third-largest software exporter Wipro announced average wage hike of 7%, in line with bigger rivals Tata Consultancy Services and Infosys’ announcements earlier this year.

TCS handed out average salary hike of about 8% for employees in India, while Infosys rolled out average wage increase of 6.5% in March.

"In line with industry standards, 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 had said in April that it would give double-digit salary hikes to top performers.

The company also raised the fixed pay salary component at the junior and mid-management levels.

According to human resource 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.