After a one-year delay since its last increment cycle in September 2024, Wipro will finally start giving out pay rises to staff on March 1, 2026. The corporation has not revealed the exact percentage rise, but the decision was conveyed internally to staff. Various media reports went on to say that Wipro has not responded to media enquiries as of the publishing date.The decision signifies a significant change for India’s fourth-largest exporter of IT services. Previously, the sector has refrained from base pay increases due to low global demand, geopolitical unpredictability, and clients’ reduced technology budgets. Wipro Following its CounterpartsThis fresh start is necessary since competitors have taken different approaches to pay. After postponing its cycle from April to September, Tata Consultancy Services instituted pay rises for a significant portion of its employees ranging from 2% to 8%. Most staff received raises of 5% to 8% as Infosys gradually implemented increments. Cognizant, on the other hand, delayed increases for a while before picking them back up later in the year. Financial results were all over the place, which contributed to Wipro’s decision.The December quarter saw a 7% decline in net profit to INR 3,145 crore, despite a 5.5% year-on-year increase… Read MoreStartupTalky- Business News, Insights and Stories
