News: Wipro introduces new incentive structure for staff

Compensation & Benefits

Wipro introduces new incentive structure for staff

India’s third largest software exporter Wipro Ltd plans to give high single-digit pay hikes on average across the company and has put in place a new incentive structure that will reward junior programmers based on billable hours and senior managers based on client satisfaction, Mint reported.

India’s third largest software exporter Wipro Ltd plans to give high single-digit pay hikes on average across the company and has put in place a new incentive structure that will reward junior programmers based on billable hours and senior managers based on client satisfaction, Mint reported.

Junior-level programmers form more than 70% of the workforce. Employees and teams filing patents for software that are eventually granted could get incentives worth $500-2,000.

Managers will be judged on three parameters—top-line growth, bottom-line growth and employee satisfaction—but customer satisfaction will be the main one used to decide on bonuses and incentives.

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Topics: Compensation & Benefits, #Updates, #TotalRewards

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