Wipro has raised the fixed component of employees at mid and junior level and reduced the variable components. Company has reduced the quarterly performance linked compensation (QPLC), where they have increased the fixed components.
QPLC of junior level employees of band B1 and B2 has reduced from 10% and 12% of CTC to 5% and 7.5% of CTC respectively. For Mid level employees of C1 and C2, company has dropped this component from 22% to 15%. Sales incentives of B3 band employees have also dropped from 30% of the CTC to 25%.
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