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Hours after Infosys announced salary hikes for all eligible staff on Thursday, Wipro said it will "award double-digit hikes for high performers." Wipro is India's third biggest outsourcer by revenues.

Wipro will pay an average wage hike of 6-8 per cent for offshore employees and 2-3 per cent for onsite employees, effective this month.

"In line with the practice of rewarding high performers, Wipro has awarded double-digit hikes for these employees", the Bangalore-headquartered, New York Stock Exchange-listed firm said in a statement.

Most Indian IT firms give increments around April or May. However, Infosys had delayed its salary hikes to October last year as the company came under enormous pressure on account of sluggish growth and shrinking margins.

Thursday's hike is seen as the first concrete step Infosys has taken since the return of founder Narayana Murthy to an executive role. Mr Murthy returned as executive chairman on June 1, eleven years after he was last CEO of Infosys.

Infosys will increase pay by an average of 8 per cent for staff in India and 3 per cent for overseas staff. The pay increase will be effective July 1 for most staff, while the company's global sales force will see increases effective May 1, the company said.

Tata Consultancy Services, India's biggest software services firm had announced a wage hike of 8-10 per cent for its employees in India and 2-4 per cent for its on-site (employed overseas) employees.

HCL Technologies has also started its appraisal process and is expected to make an announcement on the hikes by July-end.

 

(With inputs from PTI)

Story first published on: June 14, 2013 11:30 (IST)

Tags: Wipro, Infosys, salary hikes

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