Let's try to understand last year Hikes figures in Wipro .
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Rising Star
Interested.. mine is also first year in Wipro. Rating not disclosed yet.
My manager said to me rating already decided but haven't disclosed yet. Wil update here
Chief
Got 3😅
How the increment happens , and from which month this refelicate
I think in September we will get the hike.. they call it MSI - Merit Salary Increase
Rising Star
Sab first time Wipro Wale hi comment kar rhe hai.. is there any experienced person from Wipro who can share light on previous hikes.
Msi is complex algorithm in Wipro...My suggestion dont put too much hopes..prepare for worst and pray for best
Depends on your unit performance, your current band and current pay, comparision with your peer group and if you are already in higher bracket your hike will be normalized..Some unlucky ones who joined during July Aug also didnt get any hike though they got rating
Typically 3 rating get 4 to 6% , 4 gets 7 to 10% and 5 gets double digit hike and varies..
last Yr my I got 8% for 4 rating & year before that no hike even for 4 as I joined in Sep month
Looking at current market conditions u can't expect above range of hikes this yr and there is also danger of reduced qtrly variable payout..Pray that your hike is increased in fixed component and not in variable
When do they release MSI ?? Will it be in September?? I also joined in August so still not sure if i'll be eligible or not
Anyone got 5 rating by chance or that is reserved for different planet in wipro?