Wipro offers pay hikes, promotions
In what could be the first signs of a turnaround in the IT sector, Wipro, India’s third-largest software exporter by sales, has lifted the freeze on promotions and hikes on a selective basis.
Wipro’s senior vice-president-HR Saurabh Govil confirmed the development and said the company continues to invest in leadership talent and recognise them, even if on a selected basis. The company did not give details about the percentage of employees who got promoted or the range of these promotion-linked hikes.
“We do not work on any percentages. Employees meeting the promotion criteria get promoted. Those promoted get standard promotion-linked increases. This happens across all levels in the organisation,” Mr Govil said in an e-mail response. Read more…