After more than a year of waiting, Wipro employees may finally see a salary hike.
The company is set to roll out increments from March 1, bringing an end to a delay that stretched beyond its usual cycle.
The last salary revision took place in September 2024.
According to sources, employees have already been informed through internal communication.
However, the exact percentage of the hike has not yet been announced.
Why the Delay Happened
During the January earnings call, Chief Human Resources Officer Saurabh Govil said the company was still deciding on the timing of salary hikes.
He mentioned that a final decision would be taken after the World Economic Forum meeting in Davos.
The delay reflects a broader trend in the IT industry.
Companies have been cautious about salary increases due to weak global demand, geopolitical tensions, and reduced client spending.
Many major IT firms postponed or staggered increments in the last financial year.
Wipro’s Financial Performance
For the third quarter, Wipro reported a 5.5% year-on-year rise in revenue, reaching Rs 23,555.8 crore.
However, net profit fell 7% to Rs 3,145 crore.
The company also gave cautious guidance for the next quarter, pointing to continued uncertainty in the business environment.
How Rivals Handled Salary Hikes
Other IT giants took different approaches over the past year.
Tata Consultancy Services rolled out hikes between 2% and 8% for around 80% of its employees from September, after delaying its usual April cycle.
Infosys implemented salary hikes in two phases.
Most employees received increases of 5% to 8%, while top performers were given higher increments.
Cognizant also postponed hikes before starting payouts in November.
Variable Pay Continued
Even though base salary hikes were delayed, Wipro continued to pay variable compensation.
The company announced a 100% payout of quarterly variable pay for the quarter ended December 31, 2025.
This will be credited along with February salaries. In the earlier two quarters, payouts were over 90%.
With hikes now set to begin from March, employees will be watching closely for details on how much their salaries will increase.
